JumpTV Reports Q4 and Fiscal 2008 Results

PLAINVIEW, NY, Mar 30 (MARKET WIRE) --
JumpTV Inc. (TSX: JTV) (the "Company"), an end-to-end IPTV service
provider of live and on-demand sports, international and variety
programming over the Internet, today announced results for the fourth
quarter and year ended December 31, 2008. (all amounts are in U.S.
dollars)

For the twelve months ended December 31, 2008

-- For the year ended December 31, 2008, revenue was $13.4 million
compared to $7.8 million in the prior year.

-- The net loss for the year ended December 31, 2008 was $11.6 million
(including $5.5 million of non-cash charges(1)) or $0.21 per share, basic
and diluted as compared to $4.5 million (including $2.6 million of non-cash
charges(1)) or $.11 per share, basic and diluted in the prior year.

(1) Non-cash charges consist of depreciation and amortization, stock
based compensation, equity losses in affiliate and impairment charges.

For the three months ended December 31, 2008

-- Revenue was $5.8 million for the three months ended December 31, 2008
compared to $5.3 million in the same period in 2007.

-- The net loss for the three months ended December 31, 2008 was $7.2
million (including $3.8 million of non-cash charges(1)) or $0.13 per share,
basic and diluted as compared to $0.2 million (including $0.6 million of
non-cash charges(1)) or $0.00 per share, basic and diluted in the same
period a year ago.

As of December 31, 2008 the Company had $27.3 million in cash and cash
equivalents.

The Company announced the close of its merger with NeuLion, Inc. on
October 21, 2008. The merger was accounted for as a reverse takeover
under U.S. generally accepted accounting principles and accordingly the
results reported above are based on the NeuLion financial results (the
accounting acquirer) for the periods ended December 31, 2008 and 2007 and
only include the results of the merger subsequent to October 20, 2008. As
a result of the merger, the auditors of the Company were changed from
Ernst & Young LLP (Canada) to Ernst & Young LLP (U.S.).

The merged entity combines two IPTV industry leaders to deliver a
best-in-class service for streaming content live and on-demand over the
Internet and through set top boxes. The Company ranks as a world leader in
customer/partner relationships with sports and international content
partners.

About NeuLion and JumpTV

Based in Plainview, NY, Sanford, Florida and Toronto, Ontario, NeuLion and
JumpTV (TSX: JTV) work with content partners to develop end-to-end
solutions for multimedia IPTV services. The NeuLion IPTV Platform
encodes, delivers, stores and manages an unlimited range of multimedia
content and the Operational Support System (OSS) maintains all billing
and customer support services. Content partners are responsible for
content aggregation and the sales and marketing for the individual IPTV
service. The Company ranks as a world leader in customer/partner
relationships with sports and international television content partners
including, in sports, the NHL, the NFL, NCAA Division I schools and
conferences and, in respect to international television aggregators and
networks, KyLinTV (Chinese), ABS-CBN (Filipino), Talfazat (Arabic),
TV-Desi (South Asian) and Sky Angel (Christian). Customer/partner content
can be viewed by way of Internet on PCs and on the television through the
Company's IPTV set top box. Through the Company's consumer websites:
JumpTV.com, Cycling.TV and SportsYa.com, as well as its collegiate and
sports partner websites, the Company streamed over 15,000 live sporting
events in the past 12 months and ranks consistently as one of the top ten
ranked US sports web sites as measured by minutes viewed.

Forward-Looking Statement

Certain statements herein relating to JumpTV's merger with NeuLion, Inc.
are forward-looking statements and represent JumpTV's current intentions
in respect of future activities. These statements, in addressing future
events and conditions, involve inherent risks and uncertainties.
Forward-looking statements can by identified by the use of the words
"will," "expect," "seek," "anticipate," "believe," "plan," "estimate,"
"expect," and "intend" and statements that an event or result "may,"
"will," "can," "should," "could," or "might" occur or be achieved and
other similar expressions. Forward-looking statements involve significant
risk, uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements. These
factors should be considered carefully and readers should not place undue
reliance on the forward-looking statements. Although the forward-looking
statements contained in this release are based upon what Management
believes to be reasonable assumptions, the Company cannot assure readers
that actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the date of
this release and the Company assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by law.
Many factors could cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements, including: the integration of the businesses
of JumpTV and NeuLion, our continued relationships with our channel
partners, general economic and market segment conditions, competitor
activity, product capability and acceptance, rates, technology changes
and international risk and currency exchange. More specific risks include
that the merged entity will not be able to realize some or all of the
expected synergies due to incompatibilities in the merging businesses,
the inability of management to bring about such synergies or a changing
business environment rendering such synergies inadvisable or
uneconomical. After integrating the businesses the suite of service
offerings may not perform as expected if shifting demand moves in a
direction away from the expected business model of the merged entity, if
competitors are able to take market share away from the merged entity or
if changing technology adversely impacts the merged businesses. In
addition, while the Company expects its content partners and those of
NeuLion to continue and expand their relationship with the merged entity,
there can be no assurance that such relationships will continue as
expected, or at all. More detailed assessment of the risks that could
cause actual results to materially differ than current expectations is
contained in the "Risk Factors" section of the company's 2008 annual MD&A
and AIF filed on www.sedar.com.

Press Contact:
Jennifer Powalski
Corporate Communications
516-622-8334
Email Contact

Investor Relations Contact:
G. Scott Paterson
Vice Chairman
416-368-6464
Email Contact

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