Notice of Teleconference Call - CW Media Holdings Inc. Fiscal 2009 First Quarter Results

             Tuesday, January 27, 2009 - 2:00 p.m. EASTERN TIME

    TORONTO, Jan. 21 /CNW/ - You are invited to participate in a
teleconference call to review CW Media Holdings Inc.'s first quarter financial
results for the 2009 fiscal year.
    CW Media Holdings Inc.'s Chief Financial Officer, Michael French will be
joined by CW Media Holdings Inc.'s Interim President, Peter Viner. Formal
remarks will be followed by a question and answer session.
    In order to participate in this call, you must be at least one of the
following and have made a declaration that has been approved:

      a) a holder of CW Media Holdings Inc.'s 13.5% Senior Notes due 2015
         (the "Notes");
      b) a prospective investor in the Notes;
      c) a security analyst analyzing investments in the Notes; or
      d) a market maker in the Notes.

    Media and parties who have not made a declaration confirming they fall
under the categories above may participate in a listen-only mode.

    The financial statements of CW Media Holdings Inc. will be made available
in advance of the call at
    Audio Stream Webcast and PowerPoint Presentation will also be available
    If you wish to participate in the conference call, please note the
call-in numbers that follow. All interested participants will need this number
to access the teleconference.

    CONFERENCE CALL-IN NUMBER: 416-644-3415 or 800-731-6941

    REPLAY PHONE NUMBER: 416-640-1917 or 877-289-8525

    Enter Reservation: 21295672 followed by the number sign
    (Replay is accessible for 10 days)

For further information:

For further information: Michael French, Chief Financial Officer, CW
Media Holdings Inc., Tel No: (416) 934-6920,

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