EXHIBIT
99.23   From: Klinger,
Mike
 Sent: Tuesday, March 24, 2009
1:20 PM
 To: Robert L. Chapman,
Jr.
 Cc: Clarke H. Bailey; Nixon,
Mike; Blue, Kyle
 Subject: RE: EDCI Holdings
(EDCI): Personnel: Office of the CFO: MWK/KEB/MDN
 
 March 24,
2009
 
 RLCjr
 
 I
acknowledge receipt of this email.
 
 MWK
 
 From: Robert L. Chapman,
Jr.
 Sent: Tuesday, March 24, 2009
1:26 PM
 To: 'Michael W. Klinger';
'Michael D. Nixon'; 'Kyle E. Blue'
 Subject: EDCI Holdings (EDCI):
Personnel: Office of the CFO: MWK/KEB/MDN
 
 March 24,
2009
 
 MWK/KEB/MDN,
 
 Audit Committee and Board
Presentation Preparation & Delivery:  I had a question from MWK
as to whether or not KEB would be responsible for Board meeting and Audit
Committee Meeting a) presentation and b) delivery.  The answer is “yes,”
KEB will have that responsibility and others both inside and outside (e.g., JAL)
the office of the CFO should assist KEB’s efforts.  KEB will deliver those
presentations to the Audit Committee and Board of Directors.
 
 MWK & MDN Receipt
Confirmation:  Please confirm receipt.
 
 RLCjr
 
 From: Robert L. Chapman,
Jr.
 Sent: Tuesday, March 24, 2009
12:09 PM
 To: 'Michael W. Klinger';
'Michael D. Nixon'; 'Kyle E. Blue'
 Cc: Clarke H.
Bailey
 Subject: EDCI Holdings (EDCI):
Personnel: Office of the CFO: MWK/KEB/MDN
 
 March 24,
2009
 
 MWK/KEB/MDN,
 
 I want to
thank all three of your for taking the time today to discuss with me my
decision, which was subject to those very conversations with you three, to
create at EDCI and EDC an “Office of the CFO.”  Such office would have as
its members the three of you, with the following nearly-identical duties as you
each perform now:
 
 MWK:CFO of EDCI/EDC,
and head of the Office of the CFO:  oversee the entire finance group
as a coordinated team that has divided tasks and responsibilities to ensure all
internal and external financial and other related reporting, capital
markets/creditor matters, and financial analysis are conducted expeditiously and
correctly.
 
 
 KEB:  Sr. Manager,External
Reporting, Investor/Creditor Relations:  performing duties currently
under KEB’s job description/behavior, but adding to that the idea that KEB is
“Mr. Outside,” communicating with EDCI’s owners (in private, and
quarterly or other scheduled public conference calls), creditors (e.g., Wachovia),
Board of Directors
(both EDCI and EDC), and Audit
Committee (along with RAF).
 
 MDN:Corporate
Controller, EDCI:  performing duties currently under MDN’s job
description/behavior, but making clear that MDN is “Mr. Inside,” dealing with
mastery over all financial statement production and presentation, as well as
financial analysis (income statement and balance sheet).
 
 In order
to preclude another horrific event like the one involving MWK signing
unauthorized “double severance” letters on January 8, 2009, various
decisions/actions (such as such a large financial obligation as that one) from
the Office of the CFO shall require 2/3 members’ written approval.  Those
actions/items shall be determined in consultation with Richard Friedman as
EDCI’s SOX expert.
 
 This
change is effective immediately.  Recently hired, Jennifer Lohman shall
report to the Office of the CFO rather than just the CFO himself.  Please
confirm receipt by sending an E-mail reply to me sometime today.
 
 RLCjr