MediaBay and Loudeye Join Forces in Audiobook Distribution Agreement

MediaBay and Loudeye Join Forces in Audiobook Distribution
Agreement
Deal Provides Digital Distribution of MediaBay's Audiobooks Catalog to
Loudeye's Online Retail Partners 


CEDAR KNOLLS, N.J., Dec. 8  /PRNewswire-FirstCall/ -- MediaBay (NASDAQ: MBAY),
a leader in spoken audio entertainment today announced an audiobook
distribution strategy to be powered through a multi-year agreement with Loudeye
Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media
solutions.  Loudeye is working with MediaBay to provide a complete solution for
powering digital distribution of a wide range of audiobooks. MediaBay has a
database of more than 2.9 million names of spoken word buyers and enthusiasts.

Under the multi-year contract, MediaBay is making available its audiobook
content catalog to Loudeye for domestic distribution to new and existing
Loudeye partners, allowing MediaBay to significantly broaden the reach and
availability of its catalog.  Loudeye and its OD2 services have relationships
with more than 70 web storefronts and music services throughout the United
States, Europe and Australia.

"Our audiobook content is popular with a diverse and loyal customer base
spanning into the millions," said Jeffrey Dittus, MediaBay's chief executive
officer.  "We wanted a way to make our content more accessible to customers as
well as effectively present and promote content to new, potentially interested
listeners.  By working with Loudeye we're able to rapidly meet these objectives
without a significant time or resource investment on our part.  By partnering
with Loudeye, we will open up new channels of distribution for our catalog and
increase the exposure across a wider customer base."

"This contract with MediaBay demonstrates the opportunities for traditional
media companies and organizations with significant analog content to launch a
digital distribution strategy that can help monetize their content across the
growing digital distribution channel," said Jeff Cavins, president and chief
executive officer of Loudeye.  "By working with us, MediaBay is able to focus
on the integration and execution of this new strategy within their business
without having to worry about the complexities involved in digitizing and
fulfilling content.  Additionally, this deal provides distribution potential
for MediaBay across our music stores."

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 50,000
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/.

About Loudeye Corp.

Loudeye is a worldwide leader in business-to-business digital media solutions
and the outsourcing provider of choice for companies looking to maximize the
return on their digital media investment.  Loudeye combines innovative products
and services with the world's largest music archive and the industry's leading
digital media infrastructure enabling partners to rapidly and cost effectively
launch complete, customized digital media stores and services.  For more
information, visit http://www.loudeye.com/.

  Forward Looking Statements
  Loudeye Forward Looking Statements


This release contains forward-looking information within the meaning of the
Private Securities Litigation Reform Act of 1995.  These statements are based
on current estimates and actual results may differ materially due to risks
including the possibility of adverse changes in the market for distribution of
digital media that Loudeye serves; adverse or uncertain legal developments with
respect to copyrights surrounding the creation and distribution of digital
content; pricing pressures and other activities by competitors; the failure of
Loudeye's hosting infrastructure; the complexity of Loudeye's services and
delivery networks; any problems or failures in the structure, complexities or
redundancies of Loudeye's network infrastructure; failures in third party
telecommunication and network providers to provide required transmission
capacity; lack of market acceptance for Loudeye's products and services; the
possible delay in the adoption of digital media or related applications on the
web in general; and other risks set forth in Loudeye's most recent Form 10-Q,
Form 10-K and other SEC filings which are available through EDGAR at
http://www.sec.gov/.  Loudeye assumes no obligation to update the
forward-looking statements.

MediaBay 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 Loudeye:
   Media/press contact (U.S.): Candice Yusim/Karen DeMarco, mPRm Public
   Relations, 323-933-3399, , 

   Media/press contact (Europe): Simon Hill, Trimedia Communications UK for
   Loudeye, [phone] or [phone],
   

   Investor relations: Michael Dougherty, 206.832.4000, 

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


DATASOURCE: MediaBay



CONTACT: U.S.: Candice Yusim, , or Karen DeMarco,

, both of mPRm Public Relations, [phone]; or Europe:

Simon Hill of Trimedia Communications UK, [phone],

[phone], , or Investor relations: Michael

Dougherty, [phone], , all for Loudeye; Investor

relations: Jeffrey Dittus, CEO of MediaBay, [phone]; or Tim Clemensen,

Rubenstein Investor Relations, [phone], for MediaBay



Web site:  http://www.mediabay.com/

http://www.audiobookclub.com/

http://www.radiospirits.com/

http://www.radioclassics.com/

http://www.loudeye.com/ 

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