Audio Book Club's www.mediabay.com Selected as Official Webcast Affiliate for Woodstock 99.

MORRISTOWN, N.J.--(BUSINESS WIRE)--June 30, 1999--

-- Site to Feature Unique Woodstock Content and Live Audio and Video

Feeds from 30th Anniversary Music Festival --

Audio Book Club, Inc. (AMEX: KLB) announced today that its Mediabay.com portal has been selected as an official webcast affiliate for Woodstock 99, the 30th anniversary of the legendary Woodstock Festival being held July 23-25 in Rome, New York.

In addition to being able to browse a variety of unique Woodstock 99 content prior to the event, Mediabay.com visitors will be able to access live audio and video feeds during the festival by registering with the site at no cost. The webcast, to be produced by Woodstock.com, will feature selections from each performance on Stages 1 and 2 of Woodstock 99, as well as artist interviews, crowd footage and "rave" party coverage. As part of the agreement, the Mediabay.com site will also be promoted repeatedly during the three day live pay-per-view television broadcast and on banners located around the Woodstock concert site, as well as on large screens during the event. Gotcha! will serve as a principle sponsor of the webcast.

Commenting on the agreement, Norton Herrick, Chairman and CEO of Audio Book Club, stated, "Next month's live audio and video webcast will coincide with the full launch of our innovative Mediabay.com portal, which we have developed to provide a seamless gateway to the very latest in online entertainment content and e-commerce services. We believe that Woodstock '99 is truly representative of the type of unique entertainment content we intend to offer on our media-commerce portal site, and are delighted to have the opportunity to play such a tremendous role in one of the largest music events ever staged. Equally as important is our ability to reach millions of potential new customers through the variety of publicity we will receive before and during this monumental event, including mentions of the Mediabay.com webcast each hour during the live pay-per-view program."

Woodstock 99 is a virtual "who's who" of contemporary music. The event is a worthy successor to the original '69 show and the wildly successful '94 festival. From artists whose rock-n-roll roots echo back to the spirit of the original festival - to the most progressive and innovative artists of the moment - Woodstock 99 stays true to the Woodstock ideology of capturing a generation and its music.

The full lineup for the festival includes Bush, The Chemical Brothers, George Clinton & the P-Funk All Stars, Collective Soul, Counting Crows, Creed, Sheryl Crow, DMX, Everclear, Everlast, Fatboy Slim, Foo Fighters, Godsmack, Guster, Mickey Hart.Planet Drum, Ice Cube, Wyclef Jean & the Refugee Allstars, Jamiroquai, Jewel, Kid Rock, Korn, Limp Bizkit, Lit, Live, Los Lobos, Dave Matthews Band, Metallica, moe., Alanis Morissette, Willie Nelson, Mike Ness, Our Lady Peace, Rage Against the Machine, Sugar Ray, Red Hot Chili Peppers, Rusted Root, Brian Setzer Orchestra, The Offspring and The Tragically Hip.

Audio Book Club, Inc. is the world's largest marketer of audiobooks through its membership club which markets and sells audiobooks and music via the Internet at www.audiobookclub.com and by mail order. Later this summer, the Company will also launch Mediabay.com (a sample of which is presently available at www.mediabay.com), offering visitors a single location for the entertainment features of leading content-driven websites and the product selection and service of great commerce-driven sites. Audio Book Club, Inc. is also a publisher of audio and video content including classic radio and video programs and markets and sells that content on audio cassettes, CDs and video cassettes via numerous distribution channels including the Internet at www.radiospirits.com, catalogues, radio shows, retail and other outlets. Since commencing operations in January 1994, Audio Book Club, Inc. has engaged in an aggressive membership recruitment program to establish a core Audio Book Club member base. Following its recent acquisitions of Doubleday's Audiobooks Direct and Columbia House's Audiobook Club, Audio Book Club, Inc. now has a combined membership and customer database of over 2 million names.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements which are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Audio Book Club, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, the ability of the Audio Book Club, Inc. to successfully integrate the newly acquired businesses into its operations and the uncertainty regarding the actual effect of the acquisitions on the Audio Book Club, Inc. risks relating to the Company's direct mail campaigns and its ability to retain members to its book club, risks relating to the Company's growth strategy, dependence on third party service providers, uncertainty of the scope of future product returns, collection and risks associated with selling products on credit, competition and other risks detailed in the Company's Securities and Exchange Commission filings. The words "believe" and "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statement was made.