ZeniMax Media Receives US$150 Million Investment From Providence Equity Partners

Current investment supplements US$300 Million Capital Raise in 2007

ROCKVILLE, Maryland, October 6, 2010 - ZeniMax Media Inc. today announced the closing of a US$150 Million
investment by Providence Equity Partners, a leading private equity firm, in
convertible preferred stock of the Company. The proceeds will be used to fund
additional growth through increased game development, expanded publishing
operations, and strategic acquisitions. The new investment by Providence
supplements an earlier investment of US$300 Million made by the firm in
October 2007.

ZeniMax Media was founded in 1999 by Robert A. Altman, its Chairman and
CEO, and through its wholly owned subsidiary, Bethesda Softworks, publishes
original interactive entertainment content for gaming consoles (including the
Xbox 360(TM) video game and entertainment system from Microsoft, the
PLAYSTATION(R)3 computer entertainment system, the PC, handheld/wireless
devices, and online gaming).

Among the studios that develop games for ZeniMax are its subsidiaries
Bethesda Game Studios (which developed the 2008 Game of the Year, Fallout(R)
3, and the 2006 Game of the Year, The Elder Scrolls IV: Oblivion(R)), id
Software (which invented the first person shooter genre and created such
classic games as DOOM(R), the 2004 Game of the Year, Return to Castle
Wolfenstein(R), and Quake(R), as well as its upcoming, highly anticipated
release, RAGE(TM)), and Arkane Studios (which created Arx Fatalis(R) and
helped develop Bioshock 2).

"Though a number of prominent private equity firms offered to invest with
us on attractive terms, we chose Providence as they have proved to be an
ideal partner for us over the past 3 years as we built our business. We
believed that furthering that relationship was the right course for us.
Providence shares our strategic vision for the Company and is excited by the
opportunity to help us strengthen a position of leadership in this industry,"
said Mr. Altman.

"We are pleased to increase our investment and support the continuing
growth of what we consider to be the best managed company in the videogame
industry," said Michael Dominguez, a Managing Director of Providence. "Since
our original investment in 2007, ZeniMax Media has tripled the size of its
development portfolio and assembled an extraordinary library of major game
franchises, along with some of the best development talent in the world. Its
valuable proprietary technology and focus on high quality development are
driving growth. We look forward to working with Robert to continue building
ZeniMax Media over the long-term as an innovator and leader in the global
video game market."

Mr. Dominguez will remain on the Company's Board of Directors, which is
currently led by Mr. Altman and includes ZeniMax Media President Ernest Del,
Leslie Moonves (President and CEO of CBS), Harry E. Sloan (Chairman
Metro-Goldwyn-Mayer Inc.), Robert S. Trump (President of Trump Management),
noted film and television producer Jerry Bruckheimer, and Hall of Famer Cal
Ripken, Jr.

About ZeniMax Media Inc.

ZeniMax Media is a preeminent media organization which has brought
together a team of world class game developers, artists and designers,
programmers, producers, and leading executives and talent from traditional
media. ZeniMax Media creates and publishes original interactive entertainment
content for consoles, the PC, and handheld/wireless devices. ZeniMax Media
divisions include Bethesda Softworks, Bethesda Game Studios, id Software,
Arkane Studios, Vir2L Studios, ZeniMax Europe Ltd., ZeniMax Asia KK and
ZeniMax Online Studios. ZeniMax, Bethesda Softworks, Vir2L, Bethesda Game
Studios, The Elder Scrolls, Oblivion and related logos are registered
trademarks or trademarks of ZeniMax Media Inc. in the U.S. and/or other
countries. Fallout is a registered trademark or trademark of Bethesda
Softworks LLC in the U.S. and/or other countries. ID, Id Software, DOOM,
Return To Castle Wolfenstein, QUAKE, RAGE and related logos are registered
trademarks or trademarks of Id Software LLC in the U.S. and/or other
countries. Arkane, Arx Fatalis and related logos are registered trademarks or
trademarks of Arkane Studios in the U.S. and/or other countries. For more
information on ZeniMax Media, visit www.zenimax.com.

About Providence Equity Partners

Providence Equity Partners is the leading global private equity firm
specializing in equity investments in media, entertainment, communications
and information companies around the world. The principals of Providence
manage funds with more than US$22 billion in equity commitments and have
invested in more than 100 companies operating in over 20 countries since the
firm's inception in 1989. Significant investments include Altegrity,
Archipelago Learning, Bresnan Broadband Holdings, Casema, Digiturk, Education
Management Corporation, eircom, Hulu, Idea Cellular, ikaSystems Corporation,
Kabel Deutschland, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision,
VoiceStream Wireless, Western Wireless and Yankees Entertainment and Sports
Network. Providence is headquartered in Providence, RI (USA) and has offices
in New York, London, Los Angeles, Hong Kong and New Delhi. Visit
www.provequity.com for more information.

Cindy Tallent of ZeniMax, +1-301-948-2200, ctallent at zenimax.com; or Pete Hines of Bethesda Softworks, +1-301-948-2200, phines at bethsoft.com, for ZeniMax; or Andrew Cole, +1-212-687-8080, or Lucy Neugart, +1-415-618-8750, both of Sard Verbinnen & Co, for Providence Equity Partners