America Online and The Latin Recording Academy Unveil Official Online Music Destination For 4th Annual Latin GRAMMY Awards.

Entertainment Editors

SANTA MONICA, Calif. & DULLES, Va.--(BUSINESS WIRE)--July 22, 2003

Exclusive Awards Content Available in both English and Spanish

America Online, Inc., the world's leading interactive services' company, and the Latin Recording Academy(R) today announced the launch of the official Web sites for the 4th Annual Latin GRAMMY(R) Awards.

AOL and the Latin Recording Academy have partnered to bring fans of Latin music the opportunity to experience the excitement of the world's premier awards ceremony through unique programming that will be available on AOL at AOL Keyword: Latin Grammy and on the Web at www.latinGRAMMY.com. Full Spanish language coverage will be provided by AOL Latino at AOL Keyword: Grammy Latino and on the Web at www.latingrammy.com and www.aolmusic.com/latingrammy. This special content will be available leading up to 4th Annual Latin GRAMMY(R) Awards event taking place on September 3 in Miami.

Today's announcement builds upon the multi-year alliance between AOL and the Recording Academy(R) and Latin Recording Academy, which was announced last year. The agreement allows AOL's more than 34 million worldwide members and Internet music fans the opportunity to enjoy unprecedented online access to the Latin GRAMMY(R) awards show, including exclusive coverage of rehearsals, backstage and live coverage from the event.

"Following the successful collaboration with the Recording Academy in February, we are now focusing on innovative ways to offer our members and Web music fans a chance to experience the Latin GRAMMY Awards," said Evan Harrison, VP and General Manager, AOL Music. "We have been working toward expanding our Spanish language music offerings this year through AOL Latino, and this cornerstone event will be a great way to unveil our new content and provide Latin music fans with special access to the world of the Latin GRAMMYs."

"Having a major online presence is an important component to the success of the show," said Gabriel Abaroa, President of the Latin Recording Academy. "We are excited to pair our celebration of the Latin GRAMMY Awards with an online music leader such as AOL Music, so we can bring Latin music's biggest night to the widest possible audience and create an online destination that appeals to fans of all Latin music."

Beginning today and leading up to the live event, AOL members and Latin music fans on the Web can access a nominee area where they can review the top nominees in the major categories as well as get the complete list of categories, red carpet coverage and backstage access via the Web, as well as enjoy exclusive programming, including a Radio@AOL Latin GRAMMY(R) station featuring music from the nominated artists. Additional programming including behind-the-scenes footage, exclusive photos and much more will launch closer to the event.

The 4th Annual Latin GRAMMY(R) Awards will be held on Wednesday, September 3 in Miami and will be broadcast on the CBS Television network at 8 p.m. (EST/PST).

About the Latin Recording Academy

The Latin Recording Academy is a membership-based organization comprised of recording artists, musicians, producers and other creative and technical recording professionals who are dedicated to improving the quality of life and cultural conditions for Latin music and its makers. In addition to producing the Latin GRAMMY Awards to honor excellence in the recording arts and sciences, the Latin Recording Academy provides educational and human services programs to the Latin music community.

About AOL(R) Music

AOL Music, a division of America Online, Inc., reaches the largest audience of online music fans in the world through a rich array of programming, products and services that make it easy to discover, experience, listen to and buy music online. AOL Music's offerings are available at the number one Internet music destination, the AOL Music Channel, and throughout the AOL service, the AOL for Broadband service, and AOL's family of Web brands including Netscape, CompuServe, AIM, ICQ, Spinner, Winamp and SHOUTcast. America Online, Inc. is a wholly owned subsidiary of AOL Time Warner Inc. (NYSE: AOL). Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.

About AOL(R) Latino

As the number one ISP provider among U.S. Hispanics, AOL Latino is continuing to enhance its Spanish-language offering. For the first time, AOL members will be able to select a Spanish Welcome Screen from AOL 9.0 Optimized, which will provide Spanish-language headlines and compelling content for Spanish speaking members. By fall, AOL Latino will become a full-scale service to offer robust Spanish product features and content including U.S. and Latin American news, the latest in music, entertainment and sports, as well as features on a wide range of topics from relationships to healthy living.

About America Online

America Online, Inc. is a wholly owned subsidiary of AOL Time Warner (NYSE:AOL). Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.