TORONTO, Oct. 19, 2012 /PRNewswire/ – Mood Media Corporation (ISIN:
CA61534J1057) (TSX: MM) (LSE AIM: MM) (“Mood Media” or the “Company”),
announced today that its subsidiary, Muzak, LLC (“Muzak”), has acquired
the assets of one of its largest franchisees, for US$27.9 million in
cash, 80% of which was payable on closing with the remaining 20%
payable on the 12 month anniversary of closing, subject to certain
post-closing purchase price adjustments.

The acquired franchisee offers a range of in-store audio, visual and
scent solutions and operates in the U.S. mid-Atlantic region.

For the 12-month period ended June 30, 2012, the acquired franchisee had
revenue and adjusted EBITDA of approximately US$19.5 million and US$4.2
million, respectively.

About Mood Media Corporation

Mood Media Corporation (TSX:MM/ LSE AIM:MM) is a leading in-store media
specialist that uses a mix of music, visual and scent media to help its
clients communicate with consumers with a view to driving incremental
sales at the point-of-purchase.

Mood Media Corporation works with over 560,000 commercial locations in
over 40 countries throughout North America, Europe, Asia and Australia.

Mood Media Corporation’s products and services reach 100 million people
every day in a broad client base including more than 850 U.S. and
international brands in diverse market sectors that include: retail,
from fashion to financial services; hospitality, from hotels to health
spas; and food retail, including restaurants, bars, quick-serve and
fast casual dining.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. The words
“believe”, “expect”, “anticipate”, “estimate”, “intend”, “may”, “will”,
“would” and similar expressions and the negative of such expressions
are intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements are subject to important assumptions,
including the following specific assumptions: general industry and
economic conditions; and changes in regulatory requirements affecting
the businesses of Mood Media and the acquired franchisee. While Mood
Media considers these factors and assumptions to be reasonable based on
information currently available, they may prove to be incorrect.
Historical performance may not be indicative of future performance.

Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such
factors include, but are not limited to: the impact of general market,
industry, credit and economic conditions, currency fluctuations as well
as the risk factors identified in the Risk Factors section of Mood
Media’s management discussion and analysis dated October 9, 2012 and
the risk factors identified in the annual information form of Mood
Media dated March 30, 2012, both of which are available on www.sedar.com.

Given these uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements. All of the forward-looking
statements made in this press release are qualified by these cautionary
statements and other cautionary statements or factors contained herein,
and there can be no assurance that the actual results or developments
will be realized or, even if substantially realized, that they will
have the expected consequences to, or effects on, Mood Media.

Forward-looking statements are given only as at the date hereof and Mood
Media disclaims any obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by applicable laws.

Mood Media defines ”EBITDA” as net income (loss) before finance costs,
income taxes, depreciation and amortization. Mood Media defines
”adjusted EBITDA” as EBITDA after removing amounts relating to
share-based compensation, transaction costs attributable to business
combinations, restructuring, integration and merger related charges and
other events that are not in the normal course of operations. Mood
Media presents EBITDA and adjusted EBITDA information as supplemental
figures because management believes it provides useful information
regarding operating performance. EBITDA and adjusted EBITDA are not
recognized measures under International Financial Reporting Standards
(“IFRS”), do not have standardized meaning, and are unlikely to be
comparable to similar measures used by other companies. Accordingly,
investors are cautioned that EBITDA and adjusted EBITDA should not be
construed as an alternative to net earnings or (loss) determined in
accordance with IFRS as an indicator of the operating performance.

SOURCE Mood Media Corporation