asia taiwan

disneychannel-asia.

Business Editors

ENGLEWOOD CLIFFS, N.

publications teens

"
Raymund Miranda, managing director of Walt Disney Television International
(Southeast Asia/Korea): "The Walt Disney Company has identified international
growth as one of its key strategic initiatives in the years to come.com for
Disney Channel and http://www.

About Bauer Publishing USA

Bauer Publishing USA is headquartered in Englewood Cliffs, NJ, is
the number one seller of magazines on the newsstand in the United
States generating an annual 300 million dollars in single copy
revenue.

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Cambodia adds to that process
for this phase of our business .
Disney broadcasts its feeds in 6 languages and 5 subtitle tracks.6 percent.

-- Newsstand Numbers: 385,952 copies on the newsstand in the
second half of 2004 versus 340,309 in 2003, an increase of
13. The magazine blends celebrity, entertainment and music
news for today's technologically savvy and trend conscious teens.

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On terrestrial television, Disney has continued its long standing
tradition of Disney Clubs and Disney branded programming blocks in multiple
markets.

Twist:

-- Total Circulation: 222,921 copies sold in the second half of
2004 versus 226,527 during the same period in 2003."
About J-14: J-14 is the bestselling single copy publication for
teen girls.
About M: Aimed at the younger tween girl, M magazine is the
fastest growing teen magazine on newsstands.

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Disney Channel and Playhouse Disney Channel Now in Cambodia

SINGAPORE , Walt Disney Television
International (South East Asia/Korea) (a subsidiary of The Walt Disney
Company , NYSE: DIS) announced the launch of Disney Channel and Playhouse
Disney Channel into Cambodia today , making it the fourth Asian market within
six months to have launched Disney channels -- this after launching into
Palau, Thailand and most recently, Vietnam.
Playhouse Disney Channel is in nine markets while Toon Disney is in one.

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Overall Results for Second Half of 2004 versus 2003:

J-14

Total Circulation: 615,695 copies sold in the second half of
2004 versus 588 ,351 during the same period in 2003, a total
increase of 4.

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tatoy@disney. "With our strong focus on the
newsstand coupled with our editorial approach, we are confident in the
long-term growth of our teen division.3 percent.

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To date, Disney branded blocks are available in 11 markets in the
Asia Pacific broadcasting over 60 hours of Disney programming every week to
over 380 million households.

M

-- Total Circulation: 414,455 copies sold in the second half of
2004 versus 362,724 during the same period in 2003, a total
increase of 14.

-- Newsstand Numbers: 198,010 copies on the newsstand in the
second half of 2004 versus 197,460 in 2003.

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Nicky Parkinson , senior vice president and managing director of Walt
Disney Television International Branded TV (Asia Pacific): "Disney's expansion
in Asia continues with the entry of Disney Channels into Cambodia this month.

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Disney Channels Launch in Four Asian Markets Within Six Months

Since then, its Asian
footprint has grown into four Disney Channel feeds into Taiwan, Australia/New
Zealand, South East Asia/Korea and India. Toon Disney, its
third channel brand, debuted into India last December. Bauer publishes top women's, teen, and entertainment titles
including: In Touch Weekly, Life + Style Weekly , Woman's World, First
for Women, J-14, TWIST, M, Soaps In Depth and Life Story.

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"Today 's announcement reinforces Bauer Publishing's strong
leadership position in the teen marketplace, " said Hubert Boehle, COO
and president, Bauer Publishing.
About Twist: Twist magazine, combining celebrity news, fashion and
beauty trends with service, offers readers fresh and fun content
available on the topics they care most about.

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With the
dramatic potential of Asia, it was important for us to build an entry vehicle
for our brand in as many countries as possible. Disney also launched Playhouse
Disney Channel, its second channel brand, in April 2004.

Newsstand Numbers: 451 ,588 copies on the newsstand in the
second half of 2004 versus 422,056 in 2003, a total increase
of 7 percent."
"For advertisers, Bauer is the best place to reach the younger
teen market," said Neil Goldstein, Publisher of Bauer Publishing's
Teen Group. "From Hasbro and Proctor and Gamble to Target and Bonne
Belle, blue-chip advertisers consistently turn to us when they want to
reach the 14 billion dollar teen marketplace. M's coverage offers a
breadth of teen oriented editorial and photography focused on today's
music and entertainment celebrities, with a younger sensibility.

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Bauer Publishing's Teen Group Sees Strong Growth in 2004

The Teen Group, which includes J-14, M and Twist,
increased 8 percent in total circulation during the second half of
2004.

"Each one of our teen titles made great strides in 2004," said
Lynette Gallagher, Bauer Publishing Vice President, Teen Division.

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playhousedisneychannel-asia.

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Ltd.
Disney Channel is the most watched pay-TV kids channel in the region where
it ranked first among kids viewers in markets such as Singapore , Malaysia, the
Philippines, Australia, and New Zealand where cable/satellite TV ratings are
available .

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Disney launched its first channel outside of the US in 1995 with the
launch of Disney Channel Taiwan in March of that year. Disney branded shows consistently win their timeslots among
children viewers. These
activities include branded and non-branded program distribution through Buena
Vista International Television -- Asia Pacific (BVITV-AP), as well as
production, broadcasting, development and management of Disney Channels and
other media investments.----Bauer
Publishing, the number one seller of magazines on the newsstand in the
United States, today announced it's Teen Group's numbers for the
second half of 2004.

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The announcement was made by
WDTVI (SEA/Korea) Managing Director Raymund Miranda. The deal also announced
the appointment of Cambodia Entertainment Production Co."
Cambodia becomes the 11th market in the Asia Pacific region that shares
its Asian Disney Channel regional feed and the ninth market in Asia to carry
its Playhouse Disney Channel feed.

About Walt Disney Television International (Asia-Pacific)
Walt Disney Television International -- Asia Pacific (WDTVI-AP) is
responsible for all of The Walt Disney Company's (NYSE: DIS) free and pay
television activities across the Asia Pacific region (excluding Japan).
Disney Branded Television oversees WDTVI-AP's pay TV channels such as
Disney Channel and Playhouse Disney Channel now seen in 15
countries/territories region-wide, as well as Disney Clubs and Disney branded
programming blocks on free-to-air networks, reaching more than 380 million
households in the region.
Today 's news is a direct reflection of the talented editorial team
that is on the pulse of today's vibrant teen market.

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as the
distributor of both channels into Cambodia.
To date, Disney Channels are now in 15 markets in the Asia Pacific region.
For programming information, log on to http://www .com for Playhouse Disney
Channel.
"J-14 is once again number one on the newsstand, M experienced
tremendous growth and Twist is successfully building its own niche.

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The rapid growth of our pay -TV presence into four markets within six months
signifies our unwavering commitment to deliver quality Disney family
entertainment to the region.com

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Playhouse Disney programming blocks on Disney Channel regularly
win their timeslots versus other cable/satellite channels in the region among
young children.

For more information, please contact:

Mai Tatoy
Walt Disney TV International (Southeast Asia/Korea)
Tel: +65-65489287
Email: mai .4 percent.