Owner of Fons & Porter's Acquires QNN Television

Consumer enthusiast magazine publisher, New Track Media, expands its commitment to Quilting category with purchase of broadband television channel, QNN TV.

Cambridge, MA - April 27, 2007 - New Track Media LLC, the consumer enthusiast publishing platform formed last year by Boston Ventures and Stephen J. Kent, announced today that it has completed the acquisition of QNN TV, also known as Quilter's News Network TV, a Website that has been owned and operated by Multicast Media. New Track Media already owns the leading quilting magazine in the country, Fons & Porter's Love of Quilting, which it acquired last fall. The President of QNN TV, Jodie Davis, is joining New Track Media effective with the sale.

"We see this as a logical extension of our commitment to the quilting subject area and we expect to continue operating the Website as an important online resource for quilting enthusiasts," commented Stephen Kent, President of New Track Media. "We have some ideas on how the site can become more robust, particularly as we expand the streaming of video to include video on demand functionality, which we should have up and running within the next couple of months." New Track also owns the television programs that Fons & Porter has broadcast on PBS for more than 10 years, which the company has said it expects to make available on QNN TV.

"I am wildly enthusiastic about the opportunities for QNN TV as we become a part of New Track Media," said Jodie Davis. "These are the right people because they have the leading magazine and a real interest in expanding the universe of content available to quilters everywhere, which has been my personal goal for QNN TV for a long while."

There are no immediate plans to change the QNN TV membership model, although New Track Media has said that it will be reevaluating the Website's overall strategy to make it a more valuable and popular resource for quilting enthusiasts and advertisers. Joel Toner, New Track Media's Vice President and Publishing Director, commented "we see this as a way to reinforce what we're already doing for about 300,000 quilters through the magazine, and we're all looking forward to working with Jodie [Davis] to make sure the site is the best it can be for this great community of quilting enthusiasts."

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About New Track Media
New Track Media was formed in 2006 by Stephen J. Kent and Boston Ventures for the purpose of building up a premier consumer enthusiast publishing platform in a range of special interest subject areas. In its first year, the company completed three acquisitions: Sky Publishing, the leading publisher of astronomy periodicals and books, headquartered in Cambridge (MA); Fons & Porter's Love of Quilting, based in Winterset (IA); and American Woodworker, which is located in Eagan (MN) and was acquired from The Readers Digest Association. New Track operates from offices in Cincinnati (Ohio) and Cambridge (Massachusetts).

About Boston Ventures
Boston Ventures Management, LLC (www.bostonventures.com), is a private equity firm that has been an active investor and financial partner to management teams in the media, entertainment, publishing and information and communications sectors since 1983, earning the firm a franchise position in the private equity community. Boston Ventures' Managing Directors and partners are accomplished and experienced professionals who have a diverse and complementary range of skills and a broad network of domestic and international relationships. Some of Boston Ventures' investments in its 20 year history have included News Corporation, National Enquirer, CAMP Systems, River City Broadcasting, Survey Sampling International, Six Flags Amusement Parks, Marshall & Swift, Panavision and Motown Records.