LAKE FOREST, Calif., Nov. 20, 2006 - Newport Media, Inc., an innovative fabless semiconductor company supplying products to the mobile broadcast media market, announced today the closing of a $30 million Series C financing round led by new investor DAG Ventures. Previous investors Benchmark Capital, Global Catalyst Partners, Oak Investment Partners, Pinnacle Ventures, and Venrock Associates joined DAG Ventures in this round. Newport Media has raised more than $66 million to date.
“We have been evaluating the mobile TV space for quite some time and have been impressed by Newport Media’s ability to develop such an advanced and mature product in such a short amount of time,” said John Cadeddu, managing director and partner, DAG Ventures. “This Series C financing will guarantee that Newport Media will have the financial resources necessary to solidify and maintain its leadership position as they transition to high-volume mass production.”
Newport Media is one of a handful of companies developing highly integrated, system-on-a-chip (SoC) solutions designed to support all major mobile TV standards. The company’s Sundance H solution enables wireless handsets and mobile digital TV players with dramatically increased viewing time while simultaneously improving key performance metrics like sensitivity, channel switching time and interference immunity. Initially aimed at the industry’s fastest-growing market segment, Digital Video Broadcasting-Handhelds (DVB-H), the Sundance Series family will also support other popular air interface standards including Terrestrial-Digital Multimedia Broadcasting (TDMB), Integrated Services Digital Broadcasting-Terrestrial (ISDB-T) and MediaFLO.
“I am pleased Newport Media has received this sizable financial commitment
from both new and existing investment partners,” said Mohy Abdelgany, president and
chief executive officer, Newport Media. “We have moved quickly to deliver
the world’s smallest and best performing mobile TV chipset with superior power
efficiency, and have engaged with multiple tier-one customers worldwide to help them
bring exciting new next-generation mobile TV handsets to market during 2007. This
financing will enable us to ramp volume production to our customers while expanding
our product portfolio to deliver multi-standard solutions for the rapidly growing digital
mobile TV market segment.”

About Newport Media, Inc.
Newport Media is a fabless semiconductor company that develops and sells highly integrated solutions for emerging digital audio and mobile TV broadcast standards.
Newport Media has assembled a management and development team with comprehensive system semiconductor experience in wireless handset and digital set-top box industries. Newport Media’s development team leverages its collective experience in these converging industries to develop broadcast multimedia architectures and IC implementations with unprecedented performance, power consumption, size and cost. For more information, visit www.newportmediainc.com.

About Duff Ackerman & Goodrich Ventures (“DAG Ventures”)
DAG Ventures is a venture capital partnership investing in and helping outstanding entrepreneurs create leading, long-term companies across a range of markets. With roots from the 1980’s in cable TV, infrastructure, media, and wireless industries, the partnership today is privileged to work with world-class entrepreneurs as they build tomorrow’s leaders in the information technology, energy, and life science sectors. DAG Ventures invests in companies with proven technology, from the prototype stage onward. For more information visit: www.dagventures.com.

Newport Media is a trademark of Newport Media, Inc. All rights reserved. Other companies' marks are trademarks of their respective companies.