TowerBrook Capital Partners Appoints Jeff Gaspin and Michael Lambert to its Management Advisory Board

July 22, 2013

TowerBrook Capital Partners L.P. (“TowerBrook”), a New York- and London-based investment firm, today announced that Jeff Gaspin and Michael Lambert have joined the firm’s Management Advisory Board. Messrs. Lambert and Gaspin will help TowerBrook explore and develop investment opportunities in the media sector. These investment opportunities may include businesses in television/film production, distribution and financing, music publishing and management and digital entertainment.

“Michael’s operating experience combined with his strategic mind as an investor adds significant value to TowerBrook. In addition, Michael has exceedingly strong and deep relationships in the media industry that were instrumental to us in our investment in Rave”, said Michael Karangelen, Managing Director at TowerBrook. “Over the course of his career, Jeff has demonstrated an uncanny media industry intuition, an ability to manage creative talent, as well as strong management skills. We have known Michael and Jeff for a long time and are thrilled to team up with them as we continue to explore media opportunities.”

Mr. Lambert is the founder of Lambert Media Group, an investment and management company focused on value and strategic growth opportunities in entertainment, media and technology. Formerly, Michael was President of Viacom Domestic TV, EVP of HBO Enterprises, President of 20th

Century Fox Domestic Television. His expertise broadly covers the media sector, including TV and film, movie theaters, music publishing and digital. Mr. Lambert co-invested alongside TowerBrook in Rave Cinemas, LLC and is a member of Rave’s Board of Directors.

Mr. Gaspin is the former Chairman of NBC Universal Television Entertainment, President of NBC Universal Cable and Digital Content, President of the Bravo network, EVP of Programming and Production at VH1. He is an outstanding media industry executive with particularly strong expertise in the programming, production and distribution of TV, cable and digital content.