Paley Media Inc - Company News

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30 January 2004

Paley Media Assumes Daily Management Duties

Company Begins Exclusive Arrangement

Seattle, WA- Paley Media Inc., announced that effective 1 January 2005, that it will assume day-to-day management resonsibilities over al lfacets of the development, operations and administration of the online media assets owned by NewMedia Holdings, Inc.

About Paley Media, Inc.

Paley Media, Inc., is a web development company providing technology, commercialization, editorial, management, and strategic support services to web site owners seeking to enhance their online presence. Paley Media is the exclusive licensee and is responsible for the day-to-day management and operations of eighteen affinity and branded online properties. Paley Media is a privately held corporation located in Seattle, Washington.