Gay and Lesbian Television Network to Launch Music Publishing Company and
Virtual Record Label

LOS ANGELES, here!, America's first gay and lesbian
television network is delighted to announce the network's new foray into the
music industry with here! Tunes.
here! Tunes is a full service music publishing company and virtual record
label . here! is available across the U. via satellite and carried by
major cable providers nationwide . Vornado separately announced this
morning that it will be investing $450 million for a one-third
interest in the acquiring joint venture, implying a total equity
component of $1. Bass and photographer and artist Karen Pugh coauthored
In Our Own Image: Treasured African-American Traditions, Journeys and Icons
(Running Press, 2001).

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"here! Tunes expands the network's active relationship with the
independent music community and provides a showcase for talented artists that
might not otherwise have the opportunity to have their work heard," said
Colichman. 30, 2004.

ESSENCE Announces ESSENCE Book Club Recommended Read Program and Launches National Reading Campaign

Jones are among the
dozens of authors who launched their writing careers in the pages of the
magazine.
"We are thrilled that Pearl Cleage's newest book is the first selection of
The ESSENCE Book Club Recommended Read program," said Bass.

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0 times in the twelve months ended Oct.
It is possible that the company will raise additional equity or
engage in asset sales, with the proceeds used to reduce acquisition
debt .essence.

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Goldman states, "We have made here! Tunes as artist friendly as possible. A typical film or television company
licenses a song for a single but does not spend time or money promoting or
nurturing the artist's work. NEW YORK, ESSENCE magazine will launch The ESSENCE
Book Club Recommended Read program and a national reading campaign.
ESSENCE is the authority on African American literature. He has
also written and edited for a number of publications including The New York
Times, O: The Oprah Magazine, Publisher's Weekly, The Washington Post, Time
Out New York , Brooklyn Bridge, Entertainment Weekly and BET Weekend, where he
was a founding editor.

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here! Networks to Launch here! Tunes

com. As announced today, this investor group has agreed to acquire
TOY for $6.com.

ABOUT ESSENCE:
With more than seven million readers, ESSENCE is the preeminent lifestyle
magazine for African American women.

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"
The main element of the campaign is The ESSENCE Book Club Recommended Read
program, one of the largest book clubs of its kind. Throughout the year ,
ESSENCE will select a recently released, classic fiction or non-fiction title
by an African-American author to be highlighted. Individuals can sign-up by logging on to http://www. "The Book Club
provides a key place for the African American community to share its thoughts
about the books that inspire them the most.

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35 billion.

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Business Editors

CHICAGO----Based on current
information, Fitch Ratings believes that Toys 'R' Us, Inc.3 billion. He is also the author of Like A Mighty Stream, The
March on Washington, August 28, 1963 (Running Press, 2002).

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Fitch
will also continue to evaluate trends in TOY's operations, which
remain pressured by competition from the discounters and general
weakness in toy retailing. Also, the recently announced ESSENCE Short Fiction Contest received
more than 2,000 entries from regions as far as Africa and Japan.

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Before joining here!, Goldman was a music agent at ICM and also worked at the
William Morris Agency."
here! Tunes accepts submissions from bands and musicians for consideration
in upcoming productions via the here! website (http://www. Jarchow.

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The "A+R" for here! focuses on out gay and lesbian artists , however,
here! will accept submissions from all friends and supporters of the LGBT
community . Book Club members will
receive a monthly e-mail containing details of the most recent book selection ,
links to exclusive author forums, interactive internet chats, chapter
previews, upcoming book news and prizes.
The first selection is New York Times best-selling author Pearl Cleage's
newest book, Baby Brother's Blues (One World/Ballantine Books, $24.

This category is dedicated only for WWW sites which contain 'fan fiction' stories based upon role-playing games, such as Final Fantasy, etc .

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com).

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here!, currently available to more than 42 million households, offers a wide
variety of groundbreaking original movies and series plus the world's largest
gay and lesbian film library targeted to a broad-based gay and lesbian
audience. TOY's senior notes are currently rated 'BB' by Fitch and
remain on Rating Watch Negative, where they were placed in August
2004. Nonetheless, the Rating Watch Negative status reflects the
expectation that without a significant equity component to the
financing, a downgrade of potentially several notches would likely be
warranted. ESSENCE editors will also provide
online discussion questions and reader guidelines about the featured book.95).

For more information about
The ESSENCE Book Club Recommended Read program, see the upcoming March 2006
issue of ESSENCE magazine or visit http://www.

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As here!'s
programming ranges from political talk shows to detective series to gothic
horror, the need for musical styles varies widely. This amount of debt would
push TOY's adjusted debt/EBITDAR to around nine times on a pro forma
basis from around 5.com. Cleage
is also the lead author profile in ESSENCE's upcoming March 2006 issue, which
goes on sale February 7. Since its
inception, ESSENCE has been the leading portal of introduction for emerging
African American literary talent, celebrating established authors and
reflecting publishing trends within the African American community.

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It was
announced today by Angela Burt-Murray, editor-in-chief of the preeminent
magazine for more than seven million African Americans."
Details about other components of the yearlong campaign, including a
parent's challenge to read to their children and ways to support public
libraries, will be announced in the coming weeks.

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We want to help expose the artist not only on
here! Networks, but also via the here ! website, cell phones, soundtracks,
videos and free VOD concerts. (TOY) could
be downgraded, and possibly into the 'B' category, following the sale
of the company to a joint venture formed by affiliates of Kohlberg
Kravis Roberts + Co. This important campaign is an opportunity to affect large-scale
progress. Terry McMillan, Gloria Naylor and Edward P.

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here! CEO and Founder, Paul Colichman , the former President of IRS Media,
will personally oversee this new project with here! executive , Brian Goldman. In
addition, each selected title will feature The ESSENCE Book Club Recommended
Read logo on the book's cover, which will be sold in bookstores throughout the
country.essence.

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heretv .6 billion and assume TOY's debt, which totals approximately
$2.,
it is the leading source of cutting -edge information relating to every area of
African American women's lives.

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About here !
here!, America's first gay television network, was established in 2002 by
Regent Entertainment co-founders Paul Colichman and Stephen P.S. The
Essence Best-Sellers List, which appears each month in the magazine and
on-line, is the foremost measure of book sales within the African American
community . He is an award-winning writer and editor, with an extensive
background in publishing covering books , lifestyle and popular culture.

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By participating in the artist's publishing, we have a vested interest in the
artist's success and their career. For more information about here!, please
visit here !'s website at http://www., Bain Capital Partners LLC, and Vornado Realty
Trust. This, in turn, implies a debt component of
the purchase price in excess of $5 billion.
"Reading strengthens education ," said Angela Burt-Murray, editor-in-chief
of ESSENCE magazine, the preeminent lifestyle magazine for more than seven
million African-Americans.

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Fitch: Acquisition May Lead to Toys 'R' Us Downgrade

Fitch will base its final rating decision on an assessment
of the structure and financial profile of the acquiring entity. "Education increases achievement and impacts social
change.
Patrik Henry Bass, books editor for ESSENCE magazine, has been an integral
part of this evolution and thus has become the voice of African American
literature.

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here! Tunes controls a pipeline of 45-50 films and series via its
relationship with here! Networks, differentiating it from other music
publishers.
It is currently expected that the acquisition will be financed
with a material debt component. For more than 35 years, ESSENCE has celebrated
personal achievement, chronicled social movement, documented struggles,
showcased beauty, defined and set trends.

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The far-reaching
campaign is designed to inspire adults, teens and children to read more,
underscore the importance of parents reading to their children, and to
stimulate public support for libraries that are sorely lacking resources in
urban areas. Published by Essence Communications Inc.