Raleigh, NC, March 6, 2008 – Digital Satellite broadcasting company Microspace Communications Corporation (Microspace), a leading distributor of digital cinema via satellite, today announced the first time satellite delivery of a feature premiere to Mexico. Parterning with Paramount Pictures Mexico partnered Microspace delivered via satellite delivery a The Spiderwick Chronicles premiere, which coincided with the US feature release. The movie will be released nationally in Mexico on March 7, 2008.

“Mexico represents a new market that is rapidly embracing digital cinema and satellite delivery,” said Michael Murphy, senior consultant, international markets for Microspace. “We are thrilled to be working with Paramount for the distribution of The Spiderwick Chronicles and look forward to providing our satellite broadcasting technology for all of Mexico’s digital cinema needs in the future.”

The Spiderwick Chronicles movie, comes from a best selling fantasy series. Peculiar things start to happen the moment the Grace family (Jared, his twin brother Simon, sister Mallory and their mom) leave New York and move into the secluded old house owned by their great, great uncle Arthur Spiderwick.

Unable to explain the strange disappearances and accidents that seem to be happening on a daily basis, the family blames Jared. When he, Simon and Mallory investigate what’s really going on, they uncover the fantastic truth of the Spiderwick estate and the creatures that inhabit it.

In addition to the delivery of the premiere, Microspace  recently installed their digital cinema distribution technology at the Cinemex Mundo E complex, which was chosen by Paramount for the premiere.  Microspace currently delivers to 1,000 screens within the U.S., Canada and Mexico and expects aggressive expansion throughout 2008.

With digital cinema on the rise, the industry predicts that digital screens will soon outnumber traditional screens. “We expect to see continued growth with even more migration towards digital distribution. It’s becoming essential for both the studios and exhibitors in 2008, and beyond”, Murphy added.

About Microspace

Microspace Communications Corporation (Microspace), a subsidiary of Capitol Broadcasting Company, is the leader in satellite services for digital signage, business communications and digital cinema. The company operates the largest global business satellite broadcasting network with nearly 340,000 remote links worldwide.

Microspace’s VELOCITY content delivery platform is available as either a dedicated solution or as an on-demand service, enabling customers to easily and affordably expand bandwidth as their delivery needs change. Microspace is headquartered in the U.S. and has a presence in Europe and Latin America. For more information, visit microspace.com.

About Capitol Broadcasting

Capitol Broadcasting Company, Inc. is a diversified communications company which owns and/or operates WRAL-TV, WRAL Digital, WRAL-FM, WRAL-HD2, 99.9 The Fan, Microspace, the North Carolina News Network, CBC New Media Group and Wolfpack Sports Marketing in Raleigh, NC, WJZY-TV and WMYT-TV in Charlotte, NC; WILM-TV in Wilmington, NC; WRAZ-TV and The Durham Bulls in Durham, NC; and real estate interests including the American Tobacco Project and Diamond View office building in Durham, NC.