Internet Broadcasting Names AOL Veteran David Lebow as President and Chief Executive Officer

Internet Broadcasting Names AOL Veteran David Lebow as President and Chief Executive Officer

June 19, 2007 – MINNEAPOLIS, MN – David Lebow has been named President and Chief Executive Officer of Internet Broadcasting, the nation’s largest network of TV station Web sites, it was announced today by the Company’s Chairman Steven Goldstein. Mr. Lebow was previously Executive Vice President and General Manager of AOL Media Networks. Mr. Lebow begins his duties on July 2, 2007.

Reid Johnson, who formed the Company in 1996 and had been CEO and President, will remain with the media Company as Founder.

In making the announcement, Mr. Goldstein said: “The Board of Directors is pleased to have such a high-caliber, seasoned veteran as David join our growing Company. Coming from one of the premier web portals, coupled with his extensive local media background, David has the experience to lead us in the next stage of our evolution. Given his success and experience with both Internet and broadcasting, he is ideally suited to drive our growth.”

Mr. Lebow said: “I’m excited to join such a dynamic and impressive Company. Internet Broadcasting is uniquely positioned to keep growing exponentially over the coming years. I credit the vision and leadership of Reid and the hard work of all the employees for getting the Company to the position we occupy today. I look forward to collaborating with our media partners to grow their web strategy and usage. There’s a great opportunity to increase traffic for our stations, drive success for our advertisers and to create value for our shareholders.”

Mr. Lebow will oversee all aspects of Internet Broadcasting as it continues to capitalize on the growth of web usage in local markets.

Reid Johnson said: “I’m excited about the leadership transition and am pleased to remain with the Company as Founder. We’ve accomplished a lot through our partnerships with premier media companies Hearst-Argyle Television, Post-Newsweek Stations, McGraw-Hill Broadcasting, NBC, Cox Television, Meredith Broadcasting and most recently CNN. Internet Broadcasting has a bright future. With David’s leadership, we will be able to realize our full potential.”

Mr. Lebow’s Background

Mr. Lebow joined AOL in 2002. Most recently as Executive Vice President and General Manager of AOL Media Networks, he was instrumental in creating and executing the strategy that transformed AOL from a dialup ISP into a consumer web portal. Mr. Lebow oversaw several key areas of AOL’s business including AOL’s Local Search, Cityguide, MapQuest and eCommerce operations. He was widely focused on the user experience, development and distribution of consumer applications, and revenue strategy for his areas. Mr. Lebow was integral in the launch of AOL.com as a free content portal and also ran advertising operations for the media company.

Prior to joining AOL Media Networks, Mr. Lebow held leadership positions with various media companies. Most recently he was Senior Vice President of Emmis Communications, a diversified media company with radio, television, and magazine divisions. Mr. Lebow oversaw several radio markets for Emmis and also created several innovative research breakthroughs.

Prior to this, Mr. Lebow was EVP/Western Region and COO/Product and Strategy of AMFM/Chancellor Media (now Clear Channel Communications) with 565 radio properties in the U.S. As EVP, he oversaw all station operations in the Western half of the country. As head of Product and Strategy, Mr. Lebow was responsible for format and product direction for all radio markets in the company. In 1994, Mr. Lebow founded Rating Point Management, a premier ratings analysis research company for the radio industry. This technology was sold to AMFM in 1997.

Mr. Lebow graduated from the Ithaca College School of Communications in 1983 with a degree in broadcast communications management. He lives in Connecticut with his wife and two sons.

About Internet Broadcasting

Established in 1996, Internet Broadcasting is the nation’s largest publisher of local news online. The Company publishes more than 70 TV station Web sites as part of partnerships with Hearst-Argyle Television, Post-Newsweek Stations, McGraw-Hill Broadcasting, NBC, Cox Television, and Meredith Broadcasting. The Company also has a strategic advertising and content alliance with CNN. Advertising sales opportunities are available on a market-by-market, regional, or national basis across its advertising network. Internet Broadcasting is headquartered in Minneapolis-St. Paul with offices in New York, Chicago, San Francisco, and Atlanta. For more information, visit www.ibsys.com.