Midway Appoints New Chairman CHICAGO - November 7, 2008 – Midway Games Inc. (NYSE:MWY) today announced that the Company's Board of Directors has appointed Peter C. Brown as Chairman of the Board. Mr. Brown joined Midway's board in 2005, and currently serves as a member of the Audit Committee. Mr. Brown is Chairman of the Board, Chief Executive Officer and President of AMC Entertainment Inc. (AMC). Mr. Brown has served as the Chairman and Chief Executive Officer of AMC since July 1999 and President since January 1997. Mr. Brown is a Director of Embarq Corporation, National CineMedia, Inc. and MovieTickets.com. Mr. Brown succeeds Shari E. Redstone, who has resigned from the Company's Board of Directors. Ms. Redstone joined Midway's Board of Directors in 2004, and she was the vice chairwoman of the board and has served in the past on the Nominating and Corporate Governance Committee and the Compensation Committee. "I was honored to serve on the Midway Board for the past four years, most recently as its Chair," said Shari Redstone, President of National Amusements, Inc. "With my recent appointment to the Special Committee of the National Amusements Board of Directors, I am resigning from the Midway Board to focus on these responsibilities." About Midway Games Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com.
Shari Redstone, Midway chairwoman and daughter of CBS/Viacom billionaire Sumner Redstone, has left the building. The daughter Redstone joined Midway in 2004 — its last profitable year — and has been replaced by Peter C. Brown who steps up from regular ol' board member to Mr. Chairman as of right now. Ms. Redstone has left the company to help out over at National Amusements, not over displeasure with The Joker's toned-down fatality in Mortal Kombat vs. DC Universe. There's been quite a few comings and goings at Midway this year, with the company's CFO and CEO going out the door, the latter recently replaced by Matt Booty. It also lost Chicago studio head Mike Bilder this summer. we hope the Midway gang gets some steadier footing in 2009. We're still waiting on that Smash TV HD remake.