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YOUR NATION. YOUR NEWS.

March 2, 2015 Confidential Presentation. Opinions expressed on competitive services should not be relied upon until confirmed independently. 1 Programming Lineup

■ 23 hours of LIVE content daily. More Live news than any other cable news network, period!

■ 21 hours LIVE national/international news. ■ 2 hours LIVE political talk shows. ■ 1 weekly LIVE political talk show.. ■ Over 100 LIVE hours per week.

■ Studio based “substantive” discussions and debates. ■ The Daily Ledger, The Rick Amato Show, On Point.

■ Current Affairs, Magazine Format In-Depth Reporting ■ Examples: Foreign Correspondent, Focal Point

Specials ■ The Fallout – The Gitmo Release Controversy (6/7/14) ■ A New Vote for Egypt (5/24/14) 2 Summary – Extended Carriage

■ Verizon FiOS TV, Ch. 116, 616 in HD. ■ News neighborhood (between CNN and Fox. FNC ch. 118) ■ National distribution with approx 95% penetration.

■ AT&T U-Verse TV ■ News neighborhood (next to FNC, ch. 208/1208) ■ National distribution with approx. 95% penetration.

■ Consolidated Communications (PA, IL, TX), SureWest (CA, KS), Everest Cable (KS). ■ News neighborhood (closest available ch. no. to FNC) ■ All Markets. Overall penetration at roughly 95%.

CenturyLink, ch. 209 SD /1209 HD. ■ News neighborhood. One channel below FNC. FNC is at 210/1210. All markets.

■ Regional Providers (Ex GCI, ch 64 SD/703 HD, Duncan Cable, Mid-State) ■ News neighborhood. All Markets. High penetration.

■ 12+ million total subscribers in less than 12 months. 3 Viewer Feedback

“I am very impressed with OAN. Your reporting is very straightforward and substantive.” Verizon FiOS customer, Washington, DC, Male, 50+

“Thank you for being Just News without all the fluff, politics and opinions!!! AT&T U-verse TV customer, Torrance, CA, Male 50+

“excellent its a great change to have a place to get news instead of people arguing with each other.” Verizon FiOS customer, Deer Park, NY, Male, 50+

“love OAN.....great shows - news without noise...awesome.” Verizon FiOS customer, Lyndhurst, New York, Female, 50+

“My new source of current news on international and domestic issues. Keep on rocking my TV. More more more...” AT&T U-verse TV customer, , CA Male 25-34

4 Q4 2014 Set Top Box Measurement Data

■ Source: Rentrak TV Essentials. ■ AT&T U-verse subscriber approx. 6 million. 65 markets in the US. ■ Two-way set-top-boxes. Over 11 million reporting boxes. ■ 65 markets nationwide. ■ Report Generated on 1/2/15..

■ OAN has 71% of MSNBC’s unique visitors and is growing!

Average hourly unique House Holds (HH) reporting views in thousands.

Net Avg HH % HH Summary MSNBC 1,568,133 71% OAN has 71% of MSNBC's unique visitors One America News Network 1,109,408 Network 932,137 119% OAN outperforms Fox Business Network America 777,349 143% OAN outperforms Fusion 958,816 116% OAN outperforms Fusion 450,347 246% OAN outperforms Bloomberg Television 5 Q1 2015 Set Top Box Measurement Data

■ Source: Rentrak TV Essentials. ■ AT&T U-verse subscriber nearly 6 million. 65 markets in the US. ■ Two-way set-top-boxes. Over 11 million reporting boxes. ■ 65 markets nationwide. ■ Report Generated on 03/02/2015.

■ OAN has 74% of MSNBC’s unique visitors and is growing!

Average hourly unique House Holds (HH) reporting views in thousands.

Net Avg HH % HH Summary MSNBC 1,325,281 74% OAN has 74% of MSNBC's unique visitors One America News Network 985,151 Fox Business Network 793,943 124% OAN outperforms Fox Business Network Al Jazeera America 625,354 158% OAN outperforms Al Jazeera America Fusion 864,051 114% OAN outperforms Fusion

Bloomberg Television 433,360 227% OAN outperforms Bloomberg Television 6 Q4 2014 Set Top Box Measurement Data

■ Source: Rentrak TV Essentials. ■ AT&T U-verse subscriber nearly 6 million. 65 markets in the US. ■ Two-way set-top-boxes. Over 11 million reporting boxes. ■ Report Generated on 1/2/15.

■ One America News Network Outperforms Al Jazeera by 2.782 to 1!. One America News Network outperforms Al Jazeera, Fusion, and Bloomberg COMBINED. Total Hours Viewed for Q4 2014

Net Tot Hrs Viewed % Hrs Summary OAN earns 32% of MSNBC MSNBC 17,654,579 32% ratings One America News 5,697,454 Fox Business Network 4,861,366 117% OAN outperforms FBN Al Jazeera America 2,023,635 282% OAN outperforms AJA Fusion 1,409,451 404% OAN outperforms Fusion Bloomberg Television 1,057,703 539% OAN outperforms Bloom

OAN gained on MSNBC and AJA compared to Q3. 7 Q1 2015 QTD Set Top Box Measurement Data

■ Source: Rentrak TV Essentials. ■ AT&T U-verse subscriber nearly 6 million. 65 markets in the US. ■ Two-way set-top-boxes. Over 11 million reporting boxes. ■ Report Generated on 03/02/2015.

■ One America News Network Outperforms Al Jazeera by 2.952 to 1!. One America News Network outperforms Al Jazeera, Fusion, and Bloomberg COMBINED. Total Hours Viewed for Q1 QTD 2015

Net Tot Hrs Viewed % Hrs Summary

MSNBC 13,086,216 35% OAN earns 35% of MSNBC ratings One America News 4,620,274 Fox Business Network 3,754,958 123% OAN outperforms FBN Al Jazeera America 1,564,632 295% OAN outperforms AJA Fusion 1,205,029 383% OAN outperforms Fusion Bloomberg Television 1,014,022 456% OAN outperforms Bloom

OAN gained on MSNBC and AJA compared to Q4. 8 Primary Anchors – Laura Nieto & Patrick Hussion 9