LOS ANGELES, Calif. (February 17, 1999) - Capitol Records and broadcast.com (Nasdaq: BCST) today launched CapitolBroadcasts, a co-branded music channel at http://www.capitolbroadcasts.com. 
CapitolBroadcasts, hosted on the broadcast.com Web site, showcases audio and video programming from Capitol Records and its family of labels.  Music fans can listen to and watch their favorite Capitol artists and compilations, kicking off with the soundtrack from Blast 

From the Past.  In addition to full-length songs and videos from individual artists and soundtracks, CapitolBroadcasts will host live events from premier Capitol artists, including CD "Listening Parties"
and live cybercasts.

The agreement between Capitol Records and broadcast.com also allows for Capitol Records to receive promotional tie-ins with broadcast.com's 385 radio and 40 television affiliates, multicast ISP partners and affiliated technology partners. Anyone with a multimedia computer and an Internet connection can access CapitolBroadcasts using their choice of the Windows Media Player or the RealPlayer. The audio and video content will be enabled for full-screen broadband video and offered in a variety of speeds for optimum listening and viewing. 

"Capitol Records continues to break new ground on the Internet by giving fans access to their favorite artists on-demand, while building artist loyalty and ultimately selling CDs," said Julie Smith, vice president of music at broadcast.com.  

"CapitolBroadcasts gives music fans an arena to listen to their favorite songs, watch videos and discover new artists they might not be able to hear through traditional radio and video outlets."

"Broadcast.com's daily audience of over 800,000 visitors enables CapitolBroadcasts to give our developing artists a forum to have their music discovered by a targeted audience of music fans,
in addition to giving our higher-profile artists greater exposure," said Robin Bechtel, senior director of new media at Capitol Records.

"We want to capitalize on the power of the Internet's reach to allow a large number of consumers to discover a wide variety of music on CapitolBroadcasts."

In conjunction with the launch of their new Pentium III processor, Intel Corporation has signed on as the first major sponsor of CapitolBroadcasts. Intel's advertising campaign will be prominently displayed on CapitolBroadcasts, giving visitors a preview of
the capabilities of the Pentium III processor.

About broadcast.com
Broadcast.com (Nasdaq: BCST) is the leading aggregator and broadcaster of streaming media programming on the Web with the network infrastructure and expertise to deliver or "stream"
hundreds of live and on-demand audio and video programs over the Internet or intranets to hundreds of thousands of users.  The broadcast.com Web sites offer a large and comprehensive selection of programming, including sports, talk and music radio, television, business events, full-length CDs, news, video, commentary and full-length audiobooks, serving an average of over 800,000
unique users per day.  Broadcast.com broadcasts on the Internet 24 hours a day, seven days a week, and its programming includes more than 385 radio stations and networks, 40 television stations and cable networks, and game broadcasts and other programming for over 420 college and professional sports teams.  Broadcast.com also provides Internet and intranet broadcasting services to businesses and other organizations, including turnkey production of live and archived press conferences, earnings conference calls, investor conferences, trade shows, stockholder meetings, product introductions, training sessions, distance learning telecourses and media events.  For more information on broadcast.com and its live and on-demand programming, visit  Http://www.broadcast.com/. 

About Capitol Records
An early explorer of the cyber frontier, Capitol Records New Media has been using new technology to enhance the label's marketing
efforts and entertain music fans on-line for over six years. 

Called "one of the best music-related sites to be found" by the Los Angeles Times, Hollywood and Vine earned finalist status in the New Media Invision Awards for Best Music Site, Best Promotion/Commercial Site, and Best On-Line design. Capitol was also the first major label to offer a commercial digital download of a single, Duran Duran's "Electric Barbarella."