Press Release

Loral Skynet donates satellite service to support disaster relief telethon

By SpaceRef Editor
September 21, 2001
Filed under , ,

Loral Skynet, a subsidiary of Loral
Space & Communications (NYSE: LOR), today announced that it will provide
free transponder capacity on its Telstar 4 and Telstar 5 satellites to the
ABC, CBS, NBC and FOX broadcasting networks for their joint telethon,
America: A Tribute to Heroes, on Friday, September 21st. Beginning at 9 p.m.
EDT, the two-hour telethon will raise money for individuals and families who
have suffered losses in the September 11th terrorist attacks on the United

Cable networks that will also carry the telethon include BET, Comedy
Central, Court TV, Discovery, E!, Fox Family, FX, HBO, Lifetime, MTV, PAX,
SHOWTIME, Sundance Channel, Telemundo, TLC, TNN, TNT, Univision, and VH-1,
as well as PBS, The WB and UPN.

All funds raised from this program will go to the relief efforts in New
York, Washington, D.C. and Pennsylvania with the networks and performers
donating their time and resources. For additional information about this
event, including a list of participating celebrities, please visit any of
the four network Web sites at,, or

Loral Skynet of Bedminster, N.J. is a leading satellite communications
services provider that operates the Telstar satellite fleet. The fleet
provides C-band and Ku-band coverage over the continental United States,
Hawaii, Alaska, Puerto Rico, and the Caribbean, as well as Europe, Asia,
South America, northern Africa and South Africa. Customers lease transponder
capacity to distribute network television programming, to collect live video
feeds for the reporting of news and events, to provide Internet connectivity
to Internet Service Providers and other users, and to offer direct-to-home
and pay-per-view programming, distance learning, educational, and other
business television services. Loral Skynet also provides technical
consulting, as well as tracking, telemetry, and control of satellite fleets
for a wide variety of customers. For more information, visit Loral Skynet’s
web site at

Loral Space & Communications is a high technology company that concentrates
primarily on satellite manufacturing and satellite-based services, including
broadcast transponder leasing and value added services, domestic and
international corporate data networks, broadband data transmission, content
and Internet services.

# # #

This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. In addition, from time to
time, Loral Space & Communications Ltd. or its representatives have made or
may make forward-looking statements, orally or in writing. Such
forward-looking statements may be included in, but are not limited to,
various filings made by the company with the Securities and Exchange
Commission, press releases or oral statements made with the approval of an
authorized executive officer of the company. Actual results could differ
materially from those projected or suggested in any forward-looking
statements as a result of a wide variety of factors and conditions. These
factors and conditions have been described in the section of the company’s
annual report on Form 10-K for the fiscal year ended December 31, 2000,
entitled “Certain Factors That May Affect Future Results,” and the company’s
other filings with the Securities and Exchange Commission. With regard to
forward-looking statements concerning Loral CyberStar, Inc. and its
business, financial condition, results of operations and prospects, the
factors and conditions which could materially affect these statements are
described in the section of Loral CyberStar’s annual report on Form 10-K for
the fiscal year ended December 31, 2000, entitled “Certain Factors That May
Affect Future Results.” The reader is specifically referred to these
documents regarding the factors and conditions that may affect future


Micki LoMonaco

Loral Skynet


SpaceRef staff editor.