Time Warner Cable, Disney Announce New Distribution Agreements

NEW YORK/BURBANK, April 4: Time Warner Cable and The Walt
Disney Company today announced a wide-ranging new agreement that covers
retransmission consent for ABC-owned stations, carriage of a broad range of
cable networks, including several HD offerings, as well as the launch of a
Disney Channel SVOD service and the introduction of Disney and ESPN content to
the "Start Over" and "Quick Clips" services.

The multiyear deal extends the retransmission consent for
the ABC-owned broadcast television stations carried in Time Warner Cable
systems. It provides for carriage of ABC Family, Disney Channel, ESPN, ESPN HD,
ESPN2, ESPN Classic, ESPNEWS, ESPN Pay-Per-View, SOAPnet, and Toon Disney. In
addition, Time Warner Cable will launch ESPN2 HD and ESPNU later this year, and
certain systems will also offer Disney Channel on Demand subscription VOD and
ESPN Deportes. Three new high-definition services from Disney and ESPN Media
Networks—ABC Family HD, Disney Channel HD and ESPNEWS HD—will
launch in Time Warner Cable systems when they become available in 2008.

The companies have also agreed to make available certain
shows from some of the networks on Time Warner Cable's Start Over platform. The
Start Over functionality gives Time Warner Cable digital cable subscribers in some
areas the ability to restart certain live programs, which are in progress,
without any preplanning or in-home recording devices. Customers who have joined
a Start Over-enabled program in progress are able to replay the program from
the beginning, but cannot fast forward.

The Walt Disney Company will also provide content from
certain networks to Time Warner Cable's Quick Clips platform. The Quick Clips
service provides a range of short-form content that is relevant to the
underlying network shows. The clips are typically 2-10 minutes in length and
are intended to provide additional video for a specific program, or real-time
updates to a program in progress. Both the Start Over and Quick Clips features
are available to Time Warner Cable's digital cable subscribers at no additional
charge.