OVERVIEW
The media and communications sector is made up of a combination of distribution networks, sources of content delivered through those networks, and providers of products and services to media and communications businesses. Increasingly, the major forms of distribution are undergoing dramatic transformation, allowing for the expansion of products, services, and content, and creating significant growth opportunities. We believe that these trends will create attractive investment opportunities for disciplined and experienced long-term investors.

DIAMOND CASTLE EXPERIENCE
Diamond Castle's team has been associated with businesses and investments in the media and communications sector in segments that include wireless, cable, television, radio, content, consumer publishing, business-to-business communications, and media-related business services.

Scott Schneider serves as Diamond Castle's Operating Partner in the media and communications sector. Mr. Schneider has more than 25 years of experience operating businesses in a variety of industry sub-segments, including Century Communications (cable and content), Centennial Communications (wireless) and Citizens Communications (wireline).

Andy Rush and David Wittels work with Mr. Schneider in the media and communications sector.

AREAS OF FOCUS
Diamond Castle has a broad investment focus that includes companies positioned across the range of distribution and content services, as well as providers of products and services to companies in this sector. We generally target companies that exhibit relatively stable cash flows, have attractive growth prospects and are well-positioned to benefit from the industry transformation discussed above.

Advanstar Communications

$900 million leveraged buyout of a leading business-to-business marketing and communications products and services company.