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New York, N.Y. –  November 29, 2005 – TV Worldwide, a fast-growing, web-based global Internet network, has been named  the “Official Webcaster of the 4th Annual Emmy® Awards for Business & Financial Reporting.”  This announcement was made today by Peter Price, President/CEO, National Academy of Television Arts & Sciences, and David Gardy, CEO,  TV Worldwide.com, Inc.

The Emmy® Awards ceremony, to be held at the Rainbow Room in New York City on Thursday, December 7, will be webcast LIVE at www.tvworldwide.com and the TV Mainstream Internet TV channel at www.tvmainstream.comstarting at 12:00 noon Eastern time and will be made available for a year after the event.  The webcast is being sponsored by Limelight Networks, the leader in digital media delivery.

“Our partnership with TV Worldwide is another example of the leadership position the National Television Academy is taking in supporting the development of new media,” said Price.  “TV Worldwide’s webcast of this year’s Emmy® Awards for Business & Financial Reporting will bring this prestigious event to a global audience for the very first time, exposing both the business community and savvy consumers to the very best in business reporting.”  Price noted that TV Worldwide has webcast from many high profile events of interest to media executives, including National Association of Broadcasting (NAB) conventions, American Advertising Federation (AAF) National Conference and the ADDY Awards, and numerous new media conferences.

“TV Worldwide is pleased to work with the National Academy of Television Arts & Sciences for this webcast, and we salute them for their vision in making it available to the business and financial sector and media community globally,” Gardy added.  “We’re provisioning our service in order to meet the anticipated high demand and look forward to making this content available to a wide audience.”

The webcast will cover the presentation of Emmy® Awards in seven categories, recognizing outstanding achievement in business & financial reporting telecast from July 1, 2005 thru June 30, 2006.  In addition, interviews with some of the 200 business & financial news leaders expected to attend will be featured.  The event is sponsored by Condé Nast Portfolio, a new business magazine and website that is launching in May 2007.

A highlight of the awards ceremony coverage will be the presentation of the Lifetime Achievement Award in Business & Financial Reporting to Paul Steiger, Managing Editor of The Wall Street Journal, overseeing U.S. and international print and online editions, and Vice President of Dow Jones & Company.  Presenting the Lifetime Achievement Award to Steiger will be Maria Bartiromo, the anchor of CNBC’s Closing Bell with Maria Bartiromo, and host and managing editor of Wall Street Journal Report with Maria Bartiromo; and Byron E. (Barney) Calame, former Deputy Managing Editor, The Wall Street Journal, and currently Public Editor of The New York Times.

Also among the speakers will be Peter Price, President/CEO, National Television Academy; Joanne Lipman, Editor-in-Chief, Condé Nast Portfolio,  and former Deputy Managing Editor of The Wall Street Journal and Editor-in-Chief of Weekend Journal;
and Bill Small, Chairman, News and Documentary Emmy® Awards, who will present the awards on behalf of the Academy.

The event will be webcast live and archived for viewing at www.tvworldwide.com and TV MainStream, (www.TVMainStream.com). For live event coverage, participants should log on to watch at 12 noon ET on Thursday, December 7.

       The National Television Academy is a professional service organization dedicated to the advancement of the arts and sciences of television and the promotion of creative leadership for artistic, educational and technical achievements within the television industry. It recognizes excellence in television with the coveted Emmy® Awardfor News & Documentary, Sports, Daytime Entertainment, Daytime Creative Arts and Entertainment, Public & Community Service, Technology & Engineering, and Business & Financial Reporting.  Beginning in 2006, The National Television Academy began recognizing programming produced for the Internet, cellphones, and portable media players with its new Broadband Emmy® Award for Outstanding Achievement in Content for Broadband and Portable Delivery.  Excellence in Primetime programming and international programming is recognized by its affiliate, the Academy of Television Arts & Sciences.   Regional Emmy®s are given in 19 regions across the United States. Beyond awards, the National Television Academy has extensive educational programs including National Student Television and its Student Award for Excellence for outstanding journalistic work by high school students, as well as scholarships, publications, and major activities for both industry professionals and the viewing public. For more information, please visit the website at www.Emmyonline.tv.

       As a leading global Internet broadcasting and streaming media company, TV Worldwide (www.TVWorldwide.com) has developed a network of video channels that is an affiliation of community-based Internet television stations, each underwritten by a strategic partner, “aimcasting(SM)” to targeted demographic audiences worldwide. TV Worldwide works with strategic partners to develop the latest in live and archived state-of-the art video streaming content applications. TV Worldwide was recently named one of the streaming video industry’s “Hottest Streaming Companies” by Streaming Magazinewww.streamingmagazine.com, and CEO Dave Gardy was honored by the magazine as one of the 50 Most Influential People in Streaming Media. Gardy also serves as President of the International Webcasting Association.

Contact:      Cheryl Daly        cdaly@Emmyonline.tv         212-484-9446