MediaBay Hires Experienced Content Acquisiton Executive

MediaBay Hires Experienced Content Acquisiton Executive

Greg Voynow Joins MediaBay, Previous Experience Includes Leadership Roles at Time Warner Book Group, Audible and Scholastic Productions

CEDAR KNOLLS, N.J., Feb. 23 /PRNewswire-FirstCall/ -- MediaBay, Inc. (NASDAQ:MBAY), a leader in spoken audio entertainment, today announced that Greg Voynow has joined the company as Vice President, Content Acquisition. Greg brings a wealth of experience in the online/media publishing arena. He has extensive experience in online marketing and programming acquisitions. He has worked in business development, content acquisition and operational leadership roles at Time Warner Book's iPublish.com, as well at Audible, Inc. and Scholastic Productions, Inc.

Greg's primary role will be to acquire new content in targeted areas including education, entertainment, self-help and timely current events and news. In addition, he will identify markets of consumers and match downloadable content to that audience and work to build content for the store- within-a-store platform.

Jeffrey Dittus, MediaBay CEO commented, "We are truly excited to bring such an experienced and well-qualified executive on to the MediaBay management team. We believe that Greg will work effectively in leveraging both his and our relationships to enhance our library and obtain subscription, club and other digital rights that we may require to implement our sales and marketing strategies. Greg's challenge is to acquire content, which will help us to maximize revenues and profits across all channels of distribution and we are confident that Greg can meet and exceed our expectations."

About MediaBay

MediaBay, Inc. (NASDAQ:MBAY) is a multi-channel, media marketing company specializing in the $800 million audiobook industry and old-time radio distribution. MediaBay's industry-leading content library includes over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. MediaBay has begun digitizing and encoding its library of spoken word content and once the content is digitized, the Company expects to make it available for download on the many evolving music services and content stores that are proliferating on the Internet. For more information on MediaBay, please visit http://www.mediabay.com/ or its subsidiary sites: http://www.audiobookclub.com/, http://www.radiospirits.com/, and http://www.radioclassics.com/.

Forward Looking Statements

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 MediaBay's 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 expectations, include, without limitation, MediaBay's history of losses; the success of its new digital media distribution strategy and new Larry King initiatives, its 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 its 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. MediaBay undertakes no obligation to update any forward-looking statements.

For MediaBay:
Investor relations:
Jeffrey Dittus, MediaBay, CEO, 973-539-9528,
Tim Clemensen, Rubenstein Investor Relations, 212-843-9337



Source: MediaBay, Inc.

CONTACT: Jeffrey Dittus, CEO of MediaBay, Inc., +1-973-539-9528; Tim
Clemensen of Rubenstein Investor Relations, +1-212-843-9337, for MediaBay,
Inc.

Web site: http://www.mediabay.com/
http://www.audiobookclub.com/
http://www.radiospirits.com/
http://www.radioclassics.com/


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