GREAT BOSSES WEAR PRADA, TOO. OXYGEN SURVEY REVEALS THAT WOMEN THINK WOMEN MAKE GOOD MANAGERS

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The Majority of Women Tell Oxygen That Women Make Good Bosses

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NEW YORK, June 30, 2006 -- On the eve of the release of the highly anticipated feature film The Devil Wears Prada, a new Oxygen survey reveals that the majority of women (70%) feel that women make good bosses. Almost half of the women surveyed (46%) also believe that female bosses understand work-life balance issues more than their male counterparts. Oxygen, the only television network owned and operated by women, recently held its 2nd annual Oxygen Mentors Walk in New York�s Central Park. The Devil Wears Prada star Meryl Streep participated as a mentor in the inaugural event in 2005.

Through Oxygen Mentors Walk, as well as the network�s ongoing pro-social initiative, Oxygen Mentors: Bringing Along The Next Generation, Oxygen is dedicated to inspiring and supporting aspiring business women through mentoring. Women are a powerful force in business today - 68 million strong and growing � they will account for a 55% increase in the labor force over the next decade. Women actively seek an alternative to the �Old Boys Network� - almost 50% say lack of access to informal networks holds them back from advancement and is among their top needs. Oxygen Mentors is creating �The New Girls Network.�

About Oxygen Media

Oxygen, the only cable network owned and operated by women, is currently available in over 68 million homes. The network was launched in 2000 to fill a void in the television landscape -- creating a network targeted to younger women. Oxygen is rewriting the rulebook for women's television, with vast array of unconventional and original programming including The Janice Dickinson Modeling Agency, Mo�Nique�s Fat Chance and Campus Ladies. Geraldine Laybourne, the network's founder, Chairman and CEO, has led the company to be a strong advocate for women. Through programs like The Mentor's Walk, Oxygen's national program for bringing along the next generation, and "Who Cares About Girls," Oxygen's new documentary series -- Oxygen is creating The New Girls Network.