1437106--3/31/2009--Ascent_Media

related topics

{regulation, government, change}

{cost, operation, labor}

{stock, price, share}

{property, intellectual, protect}

{capital, credit, financial}

{competitive, industry, competition}

{product, market, service}

{personnel, key, retain}

{operation, natural, condition}

{condition, economic, financial}

{provision, law, control}

{control, financial, internal}

{loan, real, estate}

{customer, product, revenue}

{debt, indebtedness, cash}

{acquisition, growth, future}

Disruptions in worldwide credit markets have increased the risk of default by the issuers of instruments in which we invest cash and other financial institutions. An inability to access capital markets at attractive rates could materially increase our expenses. We may not be successful in implementing our acquisition strategy. We cannot be certain that AMG will be successful in integrating any acquired businesses. Our businesses are subject to risks of adverse government regulation. A loss of any of AMG s largest customers would reduce its revenue. AMG s business depends on certain client industries. Because AMG uses third-party satellite and terrestrial connectivity services to provide certain of its creative and content services, a material disruption to such connectivity services could have a negative impact on AMG s operations. A significant labor dispute in AMG s client industries could have a material adverse effect on its business. Changes in technology may limit the competitiveness of and demand for AMG s services. While AMG believes that its business methods and technical processes do not infringe upon the proprietary rights of any third parties, there can be no assurances that third parties will not assert infringement claims against AMG. Loss of key personnel could negatively impact AMG s business. Risk of loss from earthquakes or other catastrophic events could disrupt AMG s business. Failure to obtain renewal of FCC licenses could disrupt AMG s business. AMG operates in an increasingly competitive market, and there is a risk that it may not be able to compete effectively with other providers in the future. We may have substantial indemnification obligations under certain inter-company agreements we entered into in connection with the spin-off. We cannot predict or quantify the impact weakening economic conditions in the United States and abroad may have on the media and entertainment industries or the demand for our services. Piracy of elements may harm our business. Factors Relating to our Common Stock and the Securities Market We cannot be certain that an active trading market will be sustained, and our stock price may fluctuate significantly. If we are unable to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, or our internal control over financial reporting is not effective, the reliability of our financial statements may be questioned and our stock price may suffer. It may be difficult for a third party to acquire us, even if doing so may be beneficial to our shareholders.

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1437106--3/31/2009--Ascent_Media_CORP