Paley Media Inc - Company News

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30 January 2005

NewMedia Holdings Assigns Daily Management Duties

Paley Media Begins Exclusive Arrangement

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

About NewMedia Holdings, Inc.

NewMedia Holdings, Inc., owns an online network of niche media properties comprised of some of the world's most unique and visible brands across subjects as destination guides, travel, commerce, trade, entertaiment, sports, investing and nature. The Company is privately held and located in Seattle, Washington.

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 its GeoDomains and Affinity properties. Paley Media is a privately held corporation located in Seattle, Washington.