As Paramounts co-CEOs recently shared, the company is taking further steps to streamline Paramount to ensure it is positionedfor continued success. BET is not immune to the conditions necessitatingthese actions, so we too must reduce staff within our organization.

As a result, today we are implementing a streamlined organization structure where BET will continue to operate the functions that are core to our mission, value proposition and market leadership position, including content strategy and production, programming,marketingand insights, social impact, advertising sales, streaming and digital. At the same time, we will further leverage Paramounts scaled support functions in areas including linear research, finance, and business and legal affairs.

This is a very difficult moment the departure of talented team members who have been great collaborators, colleagues and friends;team members who have so meaningfully contributed to BETssuccess and who share our passion for BETs mission and purpose. On behalf of everyone at BET, I thank each of our departing team members for their great work, their sacrifice, and their enduring contributions to BETs legacy.

To all my BET colleagues, I thank you for your continued commitment to this company, to each other, and to the communities we serve. We are a powerful and resilient brand, a powerful and resilient business, and most importantly, a powerful and resilient team.Iremain confident in our collective strength to continue moving BET forward.

Sincerely,

Scott