MEDIA ADVISORY

Mayor: Jennifer P. Dougherty

COMCAST-SPECTACOR SELLS CONTROLLING INTEREST

IN THREE MINOR LEAGUE BASEBALL TEAMS

RADIO EXECUTIVE DAVID PEARLMAN COMPLETES TRIPLE PLAY AND PURCHASES THREE MINOR LEAGUE AFFILIATES OF BALTIMORE ORIOLES

(PHILADELPHIA, PA --- July 26, 2004) Comcast-Spectacor, the Philadelphia-based sports and entertainment firm, announced today it has completed a transaction in which the company is selling controlling interest in its three minor league baseball teams - the Bowie Baysox, the Delmarva Shorebirds and the Frederick Keys - all affiliates of the Baltimore Orioles - to Triple Play, LLC, a newly-formed, family entertainment company headed by the highly-respected broadcasting executive David Pearlman and his partner Steve Horowitz.

The transaction is subject to approvals from the teams' respective leagues, the National Association and Major League Baseball.  In keeping with company policy, terms of the deal were not disclosed.

"We're still going to be actively involved as a minority partner in the teams and within the community," said Comcast-Spectacor Ventures President Peter Luukko. "Several of our companies are in the business of public assembly facility management, food and beverage service and ticketing, and we will continue to provide these services to these teams as part of this transaction."

"These teams are three of the best franchises in minor league baseball and it is our goal to build on the already affordable family entertainment tradition that has made these teams models of excellence," said Pearlman, President of Triple Play Partners. "We see tremendous opportunity to grow these ball clubs for the communities and the fans to which they serve."

Comcast-Spectacor acquired the three baseball clubs in 2000, managing the stadiums in which they play through their management company, Global Spectrum, and the food and beverage concession contracts at these facilities through its concession company, Ovations Food Services.

"We're very proud of the way our staffs have laid the foundation for and implemented very successful team operations," said Comcast-Spectacor Vice President of Minor League Operations Frank Miceli. "We're very confident that David and Triple Play, LLC, will continue to build on this commitment and dedication to the fans and their communities. We're excited that we will continue to be involved in Triple Play's efforts."

The Bowie Baysox, Class AA, play in baseball's Eastern League, the Delmarva Shorebirds, Class A, play in the South Atlantic League and the Frederick Keys, Class A, play in the Carolina League.

Comcast-Spectacor is the Philadelphia-based sports and entertainment firm which owns the Philadelphia Flyers, the Philadelphia 76ers, the Philadelphia Phantoms, the Wachovia Center, the Wachovia Spectrum, Flyers Skate Zone community ice skating and hockey facilities, and Comcast SportsNet. Comcast-Spectacor is also the principal owner of Global Spectrum, the fastest growing firm in the public assembly management field, Ovations Food Services, a food and beverage services provider, and Patron Solutions, a full-service ticketing and marketing product for public assembly facilities.

Triple Play Partners, LLC is a newly formed family entertainment company based in Lexington, Massachusetts. The company is headed by its founder and President, David Pearlman, and his partner, Steve Horowitz.  For more than three decades Pearlman has been a highly successful, well-respected interpreneur and entrepreneur in radio.  He is the former Senior Vice President of Infinity Radio and was the Co-Founder and Co-COO of American Radio Systems (ARS). American Radio Systems grew to a publicly-traded 96 station company and when sold to CBS in 1998 became ultimately known as the 183-station Infinity Radio. In senior management Pearlman has served as the marketing/broadcast rights holder for dozens of MLB/NFL/NBA/NCAA major market teams while setting new industry standards for innovations in game day broadcasts & joint promotional partnerships.  Steve Horowitz has been a leader in sports and media for more than 20 years.  His career includes executive positions with ProServ Television (now Clear Channel Entertainment) and the NFL Quarterback Club. Triple Play Partners is committed to providing affordable family entertainment and expanding its minor league baseball holdings across America.