SNL Financial Acquires Kagan Research

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New combination creates an unparalleled source of financial intelligence on the media and communications sector.

We want to be the first, last and only resource industry professionals need for all financial data related to the sector -- and this combination positions us to achieve that goal.

SNL Financial, the leading sector-focused provider of essential business intelligence to investment banks, money managers and corporations, today announced the acquisition of leading media research and analysis firm, Kagan Research.

Founded in 1969 and based in Monterey, Calif., Kagan provides proprietary financial data and forecasting for broadcast TV and radio, cable, satellite, entertainment, wireless communications and programming sectors. Kagan's services and product offerings include newsletters and reference books, electronic data services, consulting, expert appraisals and live executive forums.

"As SNL expands its business coverage to include media & communications, this acquisition instantly positions us as the foremost source of must-have information on the sector," said SNL president Mike Chinn. "The merger combines Kagan's independent expertise and proprietary data and analysis with SNL's unrivaled proficiency in gathering all relevant financial information into a single, accurate database that's easy to access anytime and anywhere."

"We want every participant in the media and communications industry -- investment bankers, research analysts, operating companies, consultants, lawyers, ratings agencies -- to depend daily on the combined SNL/Kagan information service," said Dan Seideman, director of SNL's Media and Communications group. "We want to be the first, last and only resource industry professionals need for all financial data related to the sector -- and this combination positions us to achieve that goal."

"Our merger with SNL's information platform will help make Kagan data more accessible than ever," said Derek Baine and Robin Flynn, senior vice presidents of Kagan Research. "At the same time, we'll maintain our strong commitment to proprietary data and independent financial analysis for which Kagan is renowned."

SNL will integrate Kagan's analysis into its online information service over the course of 2007.

About SNL Financial
SNL collects, standardizes and disseminates all relevant corporate, financial, market and M&A data -- plus news and analysis - for the Energy, Banking, Financial Services, Insurance, Real Estate and Media & Communications industries. For more information, visit http://www.SNL.com

Company Contact:
Richard Wilkes
Phone: 434.951.7715
E-mail: rwilkes @ snl.com

SNL Financial * One SNL Plaza * Charlottesville, Va. * 22902 * 434.977.1600

Other office locations: Ahmedabad, India; Arlington, Va.; Islamabad, Pakistan; Jersey City, N.J.; London, England; Monterey, Calif.; New York, N.Y.

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