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To: Taki who wrote (127764)	2/2/2004 1:39:40 PM
From: manny t	Respond to of 150070

MGCN news, Magic Media Networks Announces Cross-Promotion Agreement with Clear Channel Communications -------------------------------------------------------------------------------- Mon Feb 02 13:30:34 2004 EST FORT LAUDERDALE, Fla., Feb 2, 2004 (BUSINESS WIRE) -- Magic Media Networks, Inc. (OTCBB:MGCN) announced today that it has entered into a 12-month cross-promotion agreement with Clear Channel Communications, Inc. (NYSE:CCU) to advertise the Clear Channel Radio Station 94.9 ZETA on Bar TV Destination Television. 94.9 Zeta Radio Station is owned by Clear Channel Communications, the world's largest radio broadcasting company, delivering a 100,000 watt blowtorch signal that covers South Florida, from Palm Beach County to the Florida Keys. 94.9 Zeta leads the market in reaching men 18-34, more than any other station in Broward County, Florida, and reaches over 300,000 South Florida listeners (Arbritron Spring 2003/4-Book Average). Destination Television, Inc., a wholly owned subsidiary of Magic Media Networks, Inc., will receive on-air radio spots, a minimum of four times daily, on 94.9 Zeta during the life of the agreement, and 94.9 ZETA will direct listeners to the Bar TV website. "We are excited about this agreement with Clear Channel and 94.9 Zeta and look forward to a mutually beneficial relationship as we continue to expand our Destination Television networks in 2004," Gordon Scott Venters, Magic's President and CEO, announced today. Magic Media Networks, Inc. currently owns private television networks in high traffic premium locations throughout South Florida. Magic Media Networks broadcasts upcoming major motion picture trailers and advertisements for national, regional and local advertisers to a mobile, adult and spending target audience. For additional information, please visit magicmedia.com or contact Gordon Scott Venters toll free at 1-866-662-2788. "Safe Harbor statement" under the Private Securities Litigation Reform Act of 1995 This press release contains certain forward-looking statements that involve risk and uncertainties. The statements in this Release are forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in certain periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision. SOURCE: Magic Media Networks, Inc. CONTACT: Magic Media Networks, Inc., Fort Lauderdale Gordon Scott Venters, 866-662-2788 magicmedia.com Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com. Copyright (C) 2004 Business Wire. All rights reserved.