Turner Media Group Files for Chapter 11 Reorganization

DENVER, CO--(Marketwire - August 6, 2007) - Turner Media Group Inc., also known as The Media Group, the world leader in the development and delivery of innovative interactive TV advertising and programming and the owner/operator of eight national television networks, filed for Chapter 11 federal court protection on Aug. 5. In the Chapter 11 filings, TMG will seek to reorganize the companies, restructure its obligations and promptly repay all of the debts legitimately owed.

The company filed, together with certain of its subsidiaries, voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Colorado. Under the protection of Chapter 11, TMG will have the time and opportunity to achieve the best possible value for all constituencies, as well as an orderly restructuring of the Company.

As part of the bankruptcies, TMG and the related companies have filed a number of "first day" motions intended to allow the company to achieve a smooth landing in Chapter 11 and to ensure employees continue to be paid and receive all of their benefits. TMG has retained the services of the nationally recognized law firm Baker & Hostetler LLP as its bankruptcy counsel.

About The Media Group

The Media Group, formerly known as Turner Media Group, provides interactive TV advertising, direct response programming and transactional TV networks. For more information, visit www.themediagroup.com.

Statements in this news release that are not historical facts, including statements regarding TMG's estimates, beliefs, expectations, intentions, strategies or projections, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, beliefs, expectations, intentions, strategies and projections reflected in or suggested by the forward-looking statements.

Contact Information: PRESS CONTACT: Marc Lumpkin 303-378-2366