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Dish Gets Canadian Approval for TerreStar Switch

ENGLEWOOD, COLO. – Dish Network said Feb. 7 that the
Canadian regulatory body Industry Canada has approved
the transfer of TerreStar’s Canadian wireless
spectrum licenses to the satellite giant.

“In granting its approval, Industry Canada reached the
conclusion that the transfer would be in the public interest
in light of ‘the capacity that would be available in Canada,’
among other reasons,” Dish said in a statement. Dish,
which is still awaiting the nod from the U.S. Federal Communications Commission,
said it would immediately close the TerreStar transaction once it receives
FCC approval.

The FCC has not made its decision yet, but has been supportive from a policy
standpoint of promoting new competitive wireless broadband service to compete
with established players, including the hybrid satellite terrestrial proposal from
LightSquared.

“Dish believes that immediate Commission approval will be a win for consumers,
competition, infrastructure investment, and American jobs,” the company
said in a statement. Dish agreed to purchase TerreStar out of bankruptcy protection
in July for about $1.375 billion.

TerreStar controls about 20 MHz of wireless spectrum and coupled with an
additional 20 MHz of spectrum controlled by DBSD North America — which
Dish agreed to purchase last February for $1.4 billion, could provide the building
blocks for the satellite giant’s own hybrid satellite/terrestrial broadband wireless
network.

Plum TV Auction Set for March 1

NEW YORK — A public auction will be held at
U.S. Bankruptcy Court for the Southern District
of New York on March 1 for the assets
of Plum TV, the collection of local cable
channels serving resorts and upscale communities
that filed for bankruptcy protection
in January.

Included in the auction will be assets
such as intellectual property, “Plum TV”
brand trademarks, domain names and web
sites; two FCC broadcast licenses (Aspen,
Colo., and Sun Valley, Idaho); audio/video
tape/digital file content library, and related
intellectual property; customer list; and
furniture, fixtures, and equipment utilized
in the conduct of Plum’s business, as well as
certain executory contracts and real property leases or licenses.

Plum has received a “stalking horse” offer from PMG Media Group LLC for about
$1.07 million, plus discharge of approximately $14 million of secured noteholder
debt. At the auction, Plum will consider higher and better offers. Interested bidders
should contact SilvermanAcampora LLP; Phone: (516) 479-6300; Adam L. Rosen
(Arosen@SilvermanAcampora.com) or Robert Nosek (Rnosek@SilvermanAcampora.com). All offers are subject to bankruptcy court approval.