Audible, Inc. Announces Appointment of James P. Bankoff to Board of Directors

  
    
  
  
    
      Audible, Inc. (NASDAQ: ADBL; www.audible.com), 
      the leader in spoken audio entertainment, information, and educational 
      programming on the Internet, today announced that James P. (Jim) Bankoff 
      has been appointed to the Company’s Board of 
      Directors. Mr. Bankoff, who most recently served as Executive Vice 
      President of AOL Programming and Products, led the development of many 
      of AOL’s key products and services over his 11 
      plus years with the company.
    
    
      “Few executives within the Internet business 
      sector have been as broadly successful or as well-regarded as Jim 
      Bankoff,” said Donald Katz, Audible’s 
      Chairman & CEO. “He understands and has 
      built deep content relationships, powerful new products, and customer 
      experiences, and he has led innumerable successful strategic growth 
      initiatives. His operational expertise and vision will surely benefit 
      our board and our company.”
    
    
      “As a fan and consumer of Audible’s 
      service for quite some time now, I am thrilled to have the chance to 
      serve on its Board of Directors. Don Katz and team have built an 
      extraordinary business that is poised for even stronger growth as more 
      and more consumers discover the convenience and quality of Audible’s 
      service,” said Bankoff.
    
    
      Bankoff left his post as EVP, Programming and Products at AOL in January 
      2007 where he led a global team of content programmers, designers, and 
      web developers that built and managed websites and applications for an 
      audience of over 100 million. Bankoff also spearheaded the launch of AOL’s 
      services to the open web and was part of the executive team that 
      successfully transitioned its business model to focus on advertising 
      growth. He built and ran dozens of world-class consumer websites such as 
      Moviefone, AOL Music, TMZ, AOL News, and Engadget.
    
    
      Bankoff also oversaw AOL’s industry-leading 
      Instant Messaging services, AIM and ICQ, and other community 
      applications. Under his leadership, AOL’s 
      broadcast of Live 8 made history as the first non-traditional program to 
      win an Emmy Award. All of these initiatives provided compelling 
      experiences for users and highly-coveted broadband inventory for 
      advertisers and marketers.
    
    
      Over the years, Bankoff served as President of AOL Web 
      Properties, responsible for Netscape, CompuServe, Moviefone, MapQuest, 
      ICQ, and AOL Instant Messenger services, where he coordinated the 
      integration of online properties across Time Warner. Bankoff serves on 
      the board of Network for Good. He received a Master's of Business 
      Administration from The Wharton School at the University of Pennsylvania.
    
    
      About Audible, Inc.:
    
    
      Audible (www.audible.com) is the 
      leader in spoken audio information and entertainment on the Internet. 
      Content from Audible is downloaded and played back on personal 
      computers, CDs, or AudibleReady computer-based and wireless mobile 
      devices. Audible has over 140,000 hours of audio programs from more than 
      470 content partners that include leading audiobook publishers, 
      broadcasters, entertainers, magazine and newspaper publishers, and 
      business information providers. Audible is the preeminent provider of 
      spoken-word audio products for Apple's iTunes Store. Among Audible's key 
      business relationships are Apple Inc., Amazon.com, Palm, Inc, Creative 
      Labs, Inc., and SanDisk. Audible has approximately 170 employees with 
      headquarters in Newark, NJ and an office in London, England.
    
    
      Audible, audible.com, AudibleListener and AudibleReady are registered 
      trademarks of Audible, Inc. and all are part of the family of Audible, 
      Inc. trademarks. Other product or service names mentioned herein are the 
      trademarks of their respective owners.