Mr.NICOLAS STEVENSON- Advisor

Nicholas C. Stevenson is Co-Head of the Media, Entertainment and Communications Group at RBC Capital Markets, subsidiary company of Royal Bank Of Canada, the 43rd biggest financial institution in the world according to Wall Street journal. He joined RBC to head up the CME U.S operations in June of 2001. Prior to that, Mr. Stevenson was a founding partner and Head of the Media and Communications Group at Thomas Weisel Partners. Previously, he was a Managing Director at NationsBank Montgomery Securities for three years focusing on the media and communications sectors. He was also a Vice President in the Media and Telecommunications Group at Salomon Smith Barney for six years. Prior to that, he worked as a Senior Credit Analyst at Philips Credit Corporation covering a $1 billion media portfolio.

Mr. Stevenson has specialized in the media, technology and communications sectors for the past fifteen years. Specific areas of expertise include: Media - broadcasting, cable, outdoor advertising, gaming, content distribution, theaters, publishing, and new media. Communications – wireless, towers, hosting, metro service providers and towers. Mr. Stevenson’s areas of expertise include mergers and acquisitions, LBOs, debt and equity origination and principal investing.

Mr. Stevenson has been involved in over 100 transactions representing approximately $100 billion in financing. Some of his most notable transactions include the following: American Publishing’s IPO - $110M; First Data’s merger with First Financial Management - $7.0 billion; Sinclair Broadcasting’s acquisition of RiverCity - $1.2 billion; Z-Tel Communications’ IPO - $100M; Univision secondary offering - $900 million; Heftel Broadcasting secondary - $240 million; Clear Channel Communications’ convertible offering - $1.4 billion; AT&T Wireless’ IPO - $9.7 billion; Citadel Broadcasting’s acquisition of Broadcast Partners - $280M; American Tower’s High Yield Offering - $1.1 billion; Exodus’ acquisition of Global Center - $6.5 billion; Craig Media private placement - $110M; Verizon sale of Telus - - $2.1 billion; and CeBridge Communications 1st/2nd Lien Financing - $3 billion.