ACME Communications currently owns and operates three broadcast television stations: KWBQ and KASY serving the Alberquerque-Santa Fe marketplace and WBUW serving the Madison, WI marketplace. KWBQ and WBUW are both affiliates of the CW Television Network and KASY is an affiliate of MyNetworkTV.

In addition, the Company also owns and produces The Daily Buzz, a three-hour weekday morning news program that currently airs on all of our stations and over 150 other stations across the country.

Jamie Kellner is a founder of ACME and has served as our Chairman of the Board since 1997. Mr. Kellner was also a founder, Chairman and Chief Executive Officer of The WB Television Network from 1993 to 2004. Additionally, from March 2001 through March 2003, Mr. Kellner served as Chairman and Chief Executive Officer of AOL Time Warner's Television Networks division. Previously, Mr. Kellner was President of Fox Broadcasting Company since its inception in 1986 to 1993.

Mr. Kellner and our other co-founders, Doug Gealy (President & CEO) and Tom Allen (our former Executive Vice President & CFO, and now a consultant to the Company), formed our company in early 1997 to capitalize on the opportunity to affiliate with emerging broadcast television networks. Our goal is to continue to develop our stations in their markets and to grow shareholder value in the process.