Interactive Media Veteran Tim Peterman Named Chief Operating Officer of Synacor

July 20th 2009

BUFFALO, NY (July 20, 2009) –Synacor, a leading technology company providing Internet solutions to ISPs, media companies and advertisers, announced today that veteran interactive media executive Tim Peterman has been named Chief Operating Officer of the company.

Peterman, whose career has been focused on building, acquiring and operating interactive and e-commerce businesses, joins Synacor after having served as senior vice president of interactive media for Scripps Network Interactive (NYSE: SNI). Previously, he had held executive positions with IAC (NASDAQ: IACI), Sinclair Communications (NASDAQ: SBGI), and Tribune Company.

“With the continued growth of our business into new market segments and geographic areas, the coordination of support across all operational departments is taking on greater levels of importance,” said Ron Frankel, president and CEO of Synacor. “Tim Peterman has the executive skills, the industry knowledge and the track record of success that will maximize the value of Synacor’s solutions for our customers and our partners.”

During his six years with Scripps, which owns popular cable networks such as HGTV and Food Network, Peterman helped guide the company’s expanding presence into interactive media. This included his leadership role in the acquisition and operations of Shopzilla, a leading comparison shopping service for products in the United States.

Prior to joining Scripps, Peterman spent three years at IAC, which owned leading interactive brands such as hotels.com, match.com and expedia.com. During his time there, Tim was CFO of the ecommerce division (primarily HSN) as well as CFO of the cable division (primarily The USA Network and SciFi Channel).

Peterman also has held senior financial positions with Tribune Company and Sinclair Broadcasting. A CPA, he began his career at KPMG Peat Marwick after receiving a B.S. in Accounting from the University of Kentucky.

About Synacor
Synacor is a global technology company providing Internet Solutions to enable ISPs, media companies and advertisers to build close relationships with consumers on the Internet. Synacor’s platform solutions include its Turnkey Portal and Content Solution as well as individual technology solutions such as its Content Management System (CMS); Sales & Promotion Manager (SPM); E-mail and Single Sign On (SSO). The company’s media solutions include Synacor’s Advertising Network and Value Added Services (i.e. Entitlement, Security, Storage, Games, Personalized Websites and Premium Content). Synacor is headquartered in Buffalo, NY with offices located in Los Angeles, Denver and London. For more information please visit www.synacor.com.