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        <b>

        <font FACE="Century Schoolbook">

        <p ALIGN="RIGHT"><font size="2">November 22, 2000</font></p>

        <p ALIGN="RIGHT">&nbsp;</p>

        </font>

        <p ALIGN="center"><font size="4">GUILD TO HAVE GENERAL MEETING TO

        DISCUSS CONTRACT EXTENSION</font></p>

        <p align="center"><i><font size="4">AOL Purchase To Be A Major Issue In

        Talks</font></i></p>

        </b>

        <p><font size="3">On November 30, there will be a General Membership

        meeting of the Newspaper Guild at Time, Inc. to discuss talks with the

        company about extending the 1998-2001 Contract.&nbsp;&nbsp; The Guild's

        Unit Council at Time, Inc. has talked over the possibility of having an

        extension rather than a full-blown negotiation, and it has unanimously

        endorsed the idea.</font></p>

        <p><font size="3">The issues to be discussed in an extension would be

        very limited:</font></p>

        <ol>

          <li><font size="3">Economic issues, including raises and minimums.</font></li>

          <li><font size="3">Guild Contract security, in light of the impending

            purchase of Time Warner by AOL.&nbsp; It is obviously essential that

            AOL recognize and honor the Guild's Contract with Time Inc.</font></li>

          <li><font size="3">Discussion concerning the compliance manual and

            freelance guidelines.</font></li>

        </ol>

        <p><font size="3">The meeting will take place at 1:00pm in the third

        floor &quot;Stadium&quot; conference room in the Sports Illustrated

        Building, next door to the Time-Life Building at 135 West 50th

        Street.&nbsp;&nbsp; New York Guild President Barry Lipton, Unit

        Chairperson John Shostrom and the whole Unit Council encourage all

        members to attend.</font>

        <p align="center"><font size="3"># # # # # # #</font>

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