* Videojournalists to Be Equipped with DVCPRO P2 camcorders *
LAS VEGAS, NV (April 18, 2004) -- Panasonic announced today that NY1 News, Times Warner’s 24-hour, all-news cable station in New York City, has made a substantial purchase of its DVCPRO P2 solid-state recording system. NY1 News will convert its news operations to tapeless acquisition in the station’s progression to an all-tapeless, multi-channel 24-hour news facility.
The DVCPRO P2 purchase, valued at more than $1.2 million, includes 22 AJ-SPX800 camcorders, eight AJ-SPD850 studio decks, nine AJ-PCD10 drives as well as several P2 cards and accessories.
“At NY1, we see P2 as the critical next step in making our newsroom the newsroom of the future,” said Steve Paulus, Senior Vice President/General Manager, NY1 News.
Joe Truncale, NY1 Director of Operations & Engineering, said, "P2 is the format that will give NY1 the ability to FTP files from field shoots into our main server faster than real time, thus giving us the ability to get pictures on the air with greater speed and efficiency."
John Baisley, President, Panasonic Broadcast, said, “NY1 is the model for cable news channels nationwide and we’re delighted they’ve selected DVCPRO P2 for their state-of-the-art news operations. It’s exciting to have the station that was the first purchaser of the DVCPRO format in 1996 to be the first U.S. station to commit to our innovative DVCPRO P2 solid-state system.
“By combining DVCPRO P2’s benefits in IT-base newsgathering with NY1’s highly-energized videojournalists, NY1 will be able to deliver news stories faster to viewers. DVCPRO P2 eliminates the wait to ingest material into the station’s servers, so news footage is available immediately to NY1 for editing. With faster acquisition and editing with DVCPRO P2, breaking news airs sooner. The innovations that DVCPRO P2 brings to NY1 will make their strong commitment to reporting even stronger.”
NY1 News, a division of Time Warner Cable is available to more than 2 million subscribers on Channel 1 on the following cable systems in New York City: Time Warner Cable of New York City (serving Manhattan, Queens, Staten Island and portions of Brooklyn), and Cablevision Systems of New York City (serving the rest of Brooklyn, the Bronx and parts of Westchester) and Time Warner Cable of Bergen and Hudson Counties in New Jersey. NY1 News is also available on the World Wide Web at http://ny1.com

About Panasonic Broadcast
Panasonic Broadcast & Television Systems Co. is a leading supplier of broadcast, professional video and presentation products and systems. Panasonic Broadcast is a unit company of Matsushita Electric Corporation of America, the principal North America subsidiary of Matsushita Electric Industrial Co., Ltd. (NYSE: MC), one of the world's leading producers of electronic and electric products for consumer, business and industrial use. For more information on Panasonic Broadcast products, access the company’s web site at www.panasonic.com/broadcast.