AOL and Telepictures Launch On-Demand Entertainment News Network on the Web: TMZ.com.

DULLES, Va. & HOLLYWOOD -- America Online, Inc.:

Groundbreaking Online Network to Feature Breaking News and Video,
        Covering Celebrities, Movies, Music, TV and Video Games

       Veteran Reporter/Producer/Creator Harvey Levin Serves as
                            Managing Editor

AOL and Telepictures Productions today marked the official launch of TMZ.com, a new first-of-its-kind 24/7 on-demand entertainment news network on the Web, available free at http://www.tmz.com. TMZ.com covers the latest news on today's hottest celebrities, movies, music, television shows, video games and more.

TMZ.com, named for the "thirty mile zone" around Hollywood, provides a unique insider's view into the world of entertainment, delivering the latest and most up-to-date breaking news as it happens. Fast-paced video news segments, in-depth interviews and articles, photos and blogs provide rare behind-the-scenes access. TMZ.com also features a deep library of memorable celebrity photos and video, from stars' first interviews to their latest and greatest styles, quotes and interests. Visitors will be able to make their voices heard on TMZ.com through online polls, and will be able to send links to TMZ.com video and photos to friends via email and instant messaging.

TMZ.com burst onto the entertainment news scene in November with exclusive footage of Paris Hilton, boyfriend Stavros Niarchos, and friends Kimberly Stewart and "Laguna Beach" star Talan Torriero in a late night collision outside a Hollywood hot spot. The video was shared virally around the world--quickly putting the TMZ.com on the map as a go-to destination for breaking entertainment news. TMZ.com promises to be on the scene whenever and wherever entertainment news is happening.

Harvey Levin, producer, investigative reporter and attorney, serves as TMZ.com's managing editor, overseeing its editorial staff, Levin most recently created and served as executive producer of the syndicated entertainment newsmagazine "Celebrity Justice." He is the recipient of nine Emmy Awards, and appears frequently on broadcast and cable news outlets providing commentary and analysis on entertainment news headlines.

"TMZ.com will undoubtedly become an entertainment news staple - and a regular stop online for millions of online consumers," said Jim Bankoff, Executive Vice President of Programming and Products, America Online. "This is yet another example of AOL's leadership in providing the best original programming experiences on the Web."

"TMZ.com will give people breaking news on entertainment 24/7 and at the same time allow them to get their entertainment news fix whenever and wherever they want," said Jim Paratore, President, Telepictures Productions. "Our resources and news gathering expertise combined with AOL's audience reach will make TMZ.com a force from day one."

"We came out of the gate kicking butt--even before launching, and we will continue," said Mr. Levin. "We will become the must-see website for breaking entertainment stories."

Alongside ongoing news coverage, TMZ.com offers unique features and franchises, including:

Star Catcher: TMZ is everywhere every night, catching the stars at the hottest clubs, premieres, restaurants and parties-as it's happening!

Chatterzone: TMZ staffers use their extensive connections to reveal juicy inside tidbits you won't see anywhere else.

Photo Hub: Features hundreds of photos of the biggest stars from red-carpet events, chic soirees, or just out and about.

Video Hub: Showcases an extensive archive of TMZ.com's latest video news segments, along with special video collections, such as "Before They Were Stars," featuring interviews with today's biggest celebrities before they were household names.

Consumers can also sign up for TMZ.com Alerts, so they are automatically notified online when a news story breaks.

About America Online, Inc.

America Online, Inc. and its subsidiaries operate a leading network of Web brands and the largest Internet access subscription service in the United States. Brands include the AOL(R) service, the AOL.com(R) website, and the AIM(R), MapQuest(R), Moviefone(R), Netscape(R), CompuServe(R) and ICQ(R) services. America Online offers a range of digital services including the TotalTalk(R) voice service. The company also has operations in Canada and Europe. America Online, Inc. is based in Dulles, Virginia, and is a wholly owned subsidiary of Time Warner Inc.

About Telepictures Productions

Telepictures Productions has concentrated on the development and production of programming for the first-run syndication marketplace since its inception more than a decade ago. While continuing to specialize in reality and reality-based series, the company has expanded its activities to include all broadcast media (network, first-run syndication and cable) and all day parts (daytime, primetime, access and late-night) and become a major primetime supplier of reality programming. For the 2005-06 season, Telepictures is producing six nationally syndicated strips and one primetime series, including "The Ellen Degeneres Show," "Extra," "The Tyra Banks Show," "Judge Mathis," "elimiDATE," "Showtime at the Apollo" and "The Bachelor."

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