NET-36[TM] and Sonic Foundry Form Partnership To Offer Media Consulting Services to Content Customers

GREENWICH, CT — NET-36[TM], a PanAmSat (NASDAQ: SPOT) company and provider of satellite-based Internet broadcast services, today announced an alliance with Sonic Foundry[R] Corporation, (NASDAQ: SOFO), a leading developer and marketer of digital media and Internet software tools, services, and systems. Under the terms of the agreement, NET-36 can immediately begin offering content providers a variety of tailored Sonic Foundry's Media Services[SM] including encoding, content management, live event webcasting, and customized software and/or hardware applications, as part of NET-36's end-to-end solution-oriented Internet broadcasting services. Sonic Foundry provides NET-36 customers with another source for predelivery content conditioning.

"The NET-36 Internet broadcast network is focused on delivering quality content, at the highest fidelity possible, to broadband customers. That fidelity begins with the proper, effective encoding of content. This alliance with Sonic Foundry gives us the expertise of an industry leader for that critical first step of the delivery process," said William J. Moses, president of NET-36. "We're excited to offer Sonic Foundry's state-of-the-art technologies as part of our robust, end-to-end service for the delivery of video at near-TV quality over the Internet."

"Sonic Foundry's expertise in building custom encoding applications, hardware, and consulting services generates high-fidelity Internet video for the most demanding content producers in broadcasting," said Rimas P. Buinevicius, chairman and chief executive officer of Sonic Foundry. "Our alliance with NET-36 ensures that the fidelity of the video viewed by broadband users is the same on their PCs as when it left the studio—untainted by Internet congestion."

About NET-36[TM]

NET-36, a PanAmSat company, provides a satellite-based Internet Broadcast Network that leverages the world's largest network of geostationary-orbiting satellites and PanAmSat's 16-year heritage of fast, reliable, scalable, and secure video broadcast services. NET-36 enables content providers to broadcast digital and streaming media to DSL providers, cable headends, ISPs, and broadband wireless providers worldwide. NET-36 ensures that high-speed Internet subscribers around the world receive media streams at the same high fidelity the content provider intended it to be viewed—untainted by Internet congestion.

About PanAmSat

PanAmSat is a leading provider of global video and data broadcasting services via satellite. The company builds, owns, and operates networks that deliver entertainment and information to cable television systems, TV broadcast affiliates, direct-to-home TV operators, Internet service providers, telecommunications companies, and corporations. With 21 spacecraft in orbit today, PanAmSat has the world's largest commercial geostationary satellite network. The company will expand its global fleet to 24 spacecraft by mid-2001.