Telephony Promotes Dan O’Shea to Editor-in-Chief

O’Shea to lead Telephony’s editorial initiatives

Chicago, IL (January 30, 2006)-- Telecom’s leading publication for service providers, Telephony magazine, has named Dan O’Shea the new editor-in-chief. Formerly the news editor for Telephony, O’Shea will succeed Jason Meyers, who is leaving the organization to pursue other interests.

As editor-in-chief, O’Shea will assume a leadership role and will oversee all editorial processes for Telephony, the Wireless Review supplement and all e-newsletters, including the new international e-newsletter Global Telephony. Providing editorial direction and strategy, O’Shea will manage the development of content for the print and online editorial efforts, branded conferences and events, supplements and other special content projects. In addition, he will write news, technology and features for both print and online products.

“Having worked closely with Dan for over 13 years, I know that Dan’s experience, talent and deep knowledge of telecom will make him an exceptional leader for this highly experienced editorial team, " said Mark Hickey, publisher of Telephony. "Dan’s efforts will certainly add to the success of our products and we look forward to having him at the helm.”

O’Shea steps into his new role with more than 13 years of telecom journalism experience. He joined Telephony in 1993 as assistant news editor, covering the long-distance sector and emerging data access technology. In 1994 he became associate news editor and covered DSL, switching and wireless technology. O’Shea was promoted to technology editor in 1995 to oversee all of the publication’s technology coverage. He later became supplements editor in 1997 to manage the editorial supplements PCS Edge, Powering the Network, IP.net, Bandwidth and Upstart. When Upstart became a standalone publication in 2000, O’Shea was named editor-in-chief. In 2000, he joined the Primedia Business Magazines online subsidiary IndustryClick as content director for TelecomClick, the telecom industry portal. He rejoined the editorial staff of Telephony in 2001.

About Telephony
Telephony is the leading publication for all communications service providers: new and incumbent, wireline and wireless. Telephony delivers insightful and thoughtful coverage of the news, technologies and business strategies driving the industry. In addition to the print publication, Telephony keeps all of its subscribers on the pulse of telecommunications with a quarterly supplement THE INDEPENDENT, various e-newsletters and a dynamic Web site, www.telephonyonline.com, that provide the analysis and news that is important to the lives of network service providers.

About Prism Business Media
Prism Business Media Inc. is a leading producer of targeted publications, Web sites and exhibitions that bring sellers together with qualified buyers. It consists of 70+ publications, 130+ Web sites, 180+ e-mail newsletters, 20+ trade shows and 450+ rich data products that serve professionals in 20 market sectors including agribusiness, communications, electrical and public services, entertainment, marketing and transportation. Prism Business Media is owned by U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and by co-investors Highfields Capital Management and Lexington Partners. More information about the company can be found at (www.prismb2b.com).

# # #