Carmen DiRienzo resigns as President of Vme.

Vme announced that Carmen DiRienzo, president and CEO, has stepped down from her position effective at the end of this year (December 31, 2011). She will continue to serve on the Board of Directors for Vme Media, Inc. as an independent director, will support the company in its transition to new management and will also continue to manage select projects.

Mario Baeza, founding chairman of Vme Media, Inc. said, “Carmen has been a singular, driving force for Vme since the Company was formed. Her vision, passion, and leadership have taken Vme from a start-up, to one of the nation’s largest Spanish-language networks today. During this transition period and beyond, the entire management team and Board of Directors will remain focused on delivering quality programming to its viewers and the same collaborative spirit with its stations, clients and stakeholders.”

Ms. DiRienzo commented: “I feel fortunate to have had the opportunity to lead a creative, dedicated team of professionals in such a worthwhile venture. Vme’s role in the Hispanic community is an important one and I am happy to continue to nurture it through my role on the Board of Directors.”