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Viacom and Time Warner Executives to Speak at Smith Barney Citigroup Conference

Viacom Inc. Chairman and Chief Executive Officer Sumner M. Redstone and Co-President and Co-Chief Operating Officer Leslie Moonves will participate in a question and answer session at the 15th Annual Smith Barney Citigroup Entertainment, Media and Telecommunications Conference on Tuesday, January 11, 2005, at 6:40pm (ET). An audio webcast of the discussion will be open to the general public through Viacom’s corporate website.

Prior to that, Time Warner Inc. Executive Vice President & CFO Wayne Pace will speak at the conference at 10:00am (ET). A webcast will be available at Time Warner’s Investor Relations website.

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