Microsoft Reader Named Reading Platform For New Time Warner Online Publishing Venture

NEW YORK, May 23, 2000 — Time Warner today announced that Microsoft® Reader with ClearType™
display technology will be a reading format for the iRead channel of iPublish.com at Time Warner Books, a pioneering new online publishing venture also announced today at the eBook Pocket PC event.

Designed to showcase a wide range of published works and serve as a catalyst for increased distribution of electronic titles to online outlets, iRead will help spur interest in the unique advantages of eBooks and ePublishing. It will be one of three channels in iPublish.com at Time Warner Books ( http://www.ipublish.com/ ), an ambitious online community that will unite readers, authors and editors.

Titles published as part of iPublish.com will be offered in Microsoft Reader format, giving book lovers the benefits of Microsoft ClearType technology and other unique reading advantages.

“Our relationship with Microsoft, and our partnerships with other technology and publishing leaders, will add a significant component to our current roster of authors, our rich backlist, and our own publishing acumen,”
said Laurence J. Kirshbaum, chairman and CEO of Time Warner Trade Publishing.
“As we enter the world of publishing over the Internet, we look forward to making Microsoft’s technology part of our mission to redefine what publishing means.”

Dick Brass, vice president of Technology Development at Microsoft, agreed.
“We are delighted that Microsoft Reader has been chosen as a reading platform for the innovative works that will be offered on iPublish,”
Brass said.
“Just as Microsoft has been focused on advancing the state of the art in reading technology, Time Warner has a broad and exciting media portfolio, and it is making a major investment in the future of publishing. This is a natural partnership that will ultimately benefit anyone who loves a good book.”

According to Kirschbaum, Time Warner Trade Publishing will convert a vast range of existing content to the digital format in the months leading up to iPublish.com’s launch, and will offer original eBooks by well-known authors for distribution through its network of partners. He added that bestselling authors David Baldacci, Walter Mosley and Robert Kiyosaki have already signed on to write new content exclusively for iPublish.com.

Microsoft Reader currently ships with the Pocket PC and is scheduled to be available at no charge for other platforms later this summer.

Founded in 1975, Microsoft (Nasdaq
“MSFT”
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software – any time, any place and on any device.

Microsoft and ClearType are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

Other product and company names herein may be trademarks of their respective owners.

Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass/ on Microsoft’s corporate information pages.

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