MBAYD Mediabay (MM)

An RSS feed will deliver this audio newspaper across the globe to PC's, iPods, Cell Phones and Windows Media Portable devices CEDAR KNOLLS, N.J., Nov. 7 /PRNewswire-FirstCall/ -- MediaBay, Inc. (NASDAQ:MBAYD), a leading digital media and publishing company specializing in spoken word and premium audio entertainment, today announced that it has reached an exclusive agreement with HT Media Ltd., one of India's leading print media companies, to offer daily digital audio downloads of a condensed version of its English-language newspaper, the Hindustan Times. Branded the "Hindustan Times Audio Digest," the audio content will feature the newspaper's top stories pertaining to politics, business, Bollywood, sports and entertainment news, and will be available on the company's digital download service, SoundsGood.com, as well as through its growing list of distribution partners including MSN. The Hindustan Times is the flagship publication of HT Media Ltd with a daily worldwide readership of more than four million consumers with editions in New Delhi, Mumbai and several other cities. The audio digest will be actively promoted to the newspaper's extensive readership around the world via the Hindustan Times network of web sites, including HindustanTimes.com -- which attracts over four million unique visitors and delivers in excess of 90 million page views per month -- as well as other online marketing initiatives. When the service is launched, Secure Really Simple Syndication (RSS) feeds will enable customers to schedule automatic delivery of the "Hindustan Times Audio Digest" product directly to their computers or for transfer to portable media players including the iPod or those supporting Windows Media. Compatible devices branded with the Microsoft "Playsforsure"(TM) label include products from Creative, i-River, Dell and HP. The content will be produced and edited in India and available for consumer access around the globe. "The agreement with the Hindustan Times is another giant stride MediaBay is taking toward building a digital future of rich content for consumers across the globe," said Jeffrey Dittus, chief executive officer of MediaBay. "The extensive material provided by Hindustan Times each morning will allow consumers all over the world to listen to the news most important to them anyplace, anywhere, anytime." "Providing India-specific news on the go will cater to the huge unmet need of Indian consumers worldwide in a most convenient fashion," said S.N. Bhaduri, Vice President of eBusiness at HT Media Ltd. "We are very excited to be partnering with MediaBay on this first of its kind initiative." About MediaBay, Inc. MediaBay Inc. (NASDAQ:MBAYD) is a leading digital media and publishing company specializing in spoken word and premium audio entertainment. The company maintains a library consisting of more than 75,000 hours of content, including audiobooks from best-selling authors and the history of American Radio. Some of MediaBay's digital content partners include BBC, Blackstone, Brilliance Audio, CBS Radio, Harper Collins, Hay House, Oasis, Penguin Group USA Audio, Random House, Simon & Schuster, Sound Room Publishers, Time Warner Audio and Zondervan. In addition to its popular Audio Book Club, MediaBay distributes its content through proprietary web sites SoundsGood.com and radiospirits.com as well as through partner channels including Loudeye, MSN Music, Sirius Satellite Radio and XM Satellite Radio. For more information on MediaBay, please visit http://www.soundsgood.com/, http://www.mediabay.com/, http://www.audiobookclub.com/, http://www.radiospirits.com/. About HT Media Ltd. A major force in the print media industry, HT Media Ltd. commands a leadership position in India through its publications The Hindustan Times, Hindustan and HindustanTimes.com. The group's flagship publication Hindustan Times has editions in nearly every major city in north and west India. The daily English newspaper is printed from New Delhi, Mumbai, Chandigarh, Jaipur, Lucknow, Patna, Bhopal, Ranchi and Kolkata. Currently the daily readership of the newspaper is more than four million consumers, and the Delhi Edition is the largest selling single edition newspaper in India. The Hindustan Times has held leadership positions in defining trends in the industry. It was India's first newspaper to introduce the compact web-width. Almost every single newspaper followed suit and today the reduced size is a norm in the industry. The group's vernacular publication Hindustan is India's eighth largest read daily. In its segment, it is the fourth most read daily Hindi newspaper. The newspaper has editions from New Delhi, Lucknow, Patna and Ranchi. The group's website http://www.hindustantimes.com/ is India's largest news site. Every month, the website attracts over four million unique visitors and delivers in excess of 90 million page views. Forbes has consistently listed it among the Top 10 Newspaper Websites in the world. The site offers in-depth coverage and analysis to its users. For more information on HT Media Limited, please visit http://www.hindustantimes.com/. Certain statements in this press release constitute "forward-looking" statements that involve a number of known and unknown risks, uncertainties and other factors which may cause MediaBay's actual results, performance or achievements to be materially different from any results, performances or achievements express or implied by such forward-looking statements. All statements other than statements of historical facts included in this press release including, without limitation, statements regarding our future financial position, business strategy, budgets, projected costs and plans and objectives of our management for future operations are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," or "continue" or the negative thereof or variations thereon or similar terminology. Important factors that could cause actual results to differ materially from our expectations, include, without limitation, our history of losses; the success of our new digital media distribution strategy and new Larry King initiatives, our ability to anticipate and respond to changing customer preferences, license and produce desirable content, protect our databases and other intellectual property from unauthorized access, collect receivables; dependence on third-party providers, suppliers and distribution channels; competition; the costs and success of our marketing strategies; product returns; member attrition and other risks detailed in our Annual Report on Form 10-K for the year ended December 31, 2003. Undue reference should not be placed on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to update any forward-looking statements. Contacts: Michael Hope Tim Clemensen mPRm Public Relations Rubenstein Investor Relations 323-933-3399 212-843-9337 DATASOURCE: MediaBay, Inc. CONTACT: Michael Hope of mPRm Public Relations, +1-323-933-3399, or ; or Tim Clemensen of Rubenstein Investor Relations, +1-212-843-9337, or Web site: http://www.mediabay.com/ http://www.hindustantimes.com/ http://www.soundsgood.com/ http://www.audiobookclub.com/ http://www.radiospirits.com/

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