Class Action Suit Filed Against Dove Entertainment Inc. and its Officers and Directors Alleging Misrepresentations, False Financial Statements and Insider Trading.

SAN DIEGO--(BUSINESS WIRE)--Sept. 11, 1997--A securities class action has been commenced on behalf of purchasers of Dove Entertainment Inc. ("Dove") stock during the period July 25, 1995 to August 20, 1996.

The complaint charges Dove and certain of its officers and directors with violations of the securities laws. The Complaint alleges that defendants disseminated false financial statements and other false and misleading statements about the success Dove was having with its printed book operations, which statements were made for the purpose of inflating the price of Dove stock to over $14 per share in order to raise $6.3 million for Dove through the private placement of Dove securities, to sell $1.7 million of the individual defendants' own Dove stock and to use Dove shares as currency to acquire other companies.

Claiming that Dove was experiencing "continued . . . growth and profitability" and was achieving "record" results during 1995 and 1996, defendants drove the price of Dove stock up from $6-3/4 per share to over $14 per share before they were forced to reveal that the Company's printed book sales were weak and that it would have to take huge write-downs relating to its overvalued book inventory. As this information was revealed, the price of Dove stock collapsed to $3-7/8 per share and thereafter continued to decline to as low as $1-1/8 per share as the extent of defendants' weak printed book sales, its fraudulent accounting practices and its impaired operating prospects reached the market.

Plaintiff seeks to recover damages on behalf of all purchasers of Dove common stock during the Class Period (the "Class"). The plaintiff is represented by several law firms, including Milberg Weiss Bershad Hynes & Lerach LLP, who have expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Milberg Weiss has been actively engaged in commercial litigation, emphasizing securities and antitrust class actions, for more than 20 years. The firm has offices in Los Angeles, San Diego, San Francisco and New York and is active in major litigations pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. Visit the firm's Website at http://www.milberg.com .

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss, at 800/348-6192 or via e-mail at [e-mail].

CONTACT: Milberg Weiss

William Lerach or Darren Robbins, 800/348-6192