BURBANK, Calif., August 2, 2004 – A discussion with John Hare, president, ABC Radio Division, a division of The Walt Disney Company (NYSE: DIS) will be hosted by Spencer Wang of J.P. Morgan Securities Inc. on Thursday August 5, 2004. The session will take place from 12:30 p.m. – 1:30 p.m. EDT. The discussion will be available live via Webcast. Please point your browser to www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Thursday, August 12, 2004 at 4:00 p.m. PDT.