WRNC Warnaco Grp. (The) (MM)

NEW YORK, July 16 /PRNewswire/ -- Warnaco Group Inc. (NASDAQ:WRNC) will replace Westwood One Inc. (NYSE:WON) in the S&P MidCap 400 after the close of trading on Tuesday, July 17. Warnaco was originally announced as a replacement for Lear Corp. (NYSE:LEA), which terminated its deal with American Real Estate Partners L.P. (NYSE:ACP) today, and will remain in the S&P MidCap 400. At today's close of trading, Westwood One had a market capitalization of approximately $517 million, ranking 400th in the S&P MidCap 400. Warnaco designs, manufactures, and distributes a range of intimate apparel, sportswear, and swimwear. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel, Accessories & Luxury Goods Sub-Industry index. Following is a summary of the change: S&P MIDCAP 400 INDEX - July 17, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Warnaco Consumer Discretionary Apparel, Accessories & Luxury Goods DELETED Westwood One Consumer Discretionary Broadcasting & Cable TV Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee 212 438-3907 Web site: http://www.standardandpoors.com/

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