Programming and Marketing Alliance Provides TBS, Inc. Original Content to Regal CineMedia's National In-theatre Digital Content Network

Atlanta, GA and Denver, CO - Turner Broadcasting System, Inc. ("TBS, Inc."), an AOL Time Warner Company (NYSE: AOL) and Regal CineMedia Corporation ("RCM"), the media subsidiary of Regal Entertainment Group ("REG", NYSE:RGC), the largest theatre operator in the world, have entered into a multi-year programming and marketing alliance across REG's theatres, including a programming development agreement for RCM's in-theatre digital network.

The announcement was made today by Bradley J. Siegel, president of general entertainment networks for Turner Broadcasting System, Inc., and Cliff Marks, RCM's president, marketing and sales. RCM is currently deploying a state-of-the-art national Digital Content Network ("DCN") for the delivery of digital video content, including entertainment, sports and educational programming, as well as on-screen and in-lobby marketing and advertising products. The DCN is being installed in approximately 375 theatres covering 19 of the top 20 and 43 of the top 52 markets through the end of 2003. The Regal CineMedia DCN is expected to be the world's largest such network with digital distribution capabilities on a targeted basis to over 4,400 theatre screens and 1,400 42" high-resolution plasma screens in the theatre lobbies. The DCN is expected to launch during the first quarter of 2003 in 12 markets (nine of the top 10), with other markets added throughout 2003. The new DCN will feature select original programming content from TBS, Inc., along with programming from NBC and additional partners to be announced.

Under the terms of the programming and marketing agreement, TBS, Inc. will create short-form entertainment programming to be presented on theatre screens prior to the feature presentation in REG's theatres (Regal Cinemas, United Artists Theatres and Edwards Theatres) that are part of the Regal CineMedia DCN. TBS, Inc. will turn to its popular entertainment properties, including Cartoon Network and Turner Network Television, for the content to be shown in REG's theatres.

"The partnership gives our networks a national platform to market their programming," said Siegel. "This is a great opportunity for the networks under the TBS, Inc. banner to deliver content representative of their distinct brands to a broad audience of movie-goers."

"Rather than the mix of local, static slide advertising currently being shown prior to feature films, Regal's theatres will be bringing movie-goers short-form programming delivered digitally from some of the most respected companies in entertainment," said Marks. "With the terrific programming provided by TBS, Inc. properties and our other content partners, we'll be offering movie-goers a significantly improved and enjoyable pre-show presentation."

In addition to the development of original entertainment segments prior to its movie presentations, RCM is also pioneering other uses for its theatres. RCM recently utilized its network to simulcast an exclusive "virtual" movie premiere event in 13 communities for the opening of the feature film, "Maid in Manhattan," starring Jennifer Lopez. Additionally, a Korn rock concert from New York's Hammerstein Ballroom was simulcast in select theatres promoting the release of the band's new album, as well as "The Last DJ," opening concert in support of Tom Petty's latest release. In September 2002, the Company presented the CSU at UCLA college football game live from the Rose Bowl, captured and delivered in high-definition to theatre screens in Colorado and California. During 2003, many similar events are planned as RCM continues to identify new sources of revenue for REG theatres.

About Regal CineMedia

Regal CineMedia is a wholly-owned subsidiary of Regal Entertainment Group focusing on the expansion and development of additional revenue and cash flow, utilizing the Company's assets, customer bases and employees, while at the same time enhancing the movie-going experience. The Regal CineMedia marketing, sales and advertising group develops in-theatre advertising and promotions and manages a leading digital out-of-home media company with video screens in fast service restaurants. Regal CineMedia operates other divisions that focus on meetings and special productions in a theatre environment, including the presentation of live sports and entertainment events, as well as the sale of group tickets and gift certificates.

About Regal Entertainment Group

Regal Entertainment Group (NYSE: RGC) is the largest motion picture exhibitor in the world. The Company's theatre circuit, comprising Regal Cinemas, United Artists Theatres and Edwards Theatres, operates 5,711 screens in 530 locations in 36 states. The geographically diverse circuit represents over 20% of domestic box office receipts and includes theatres in 41 of the top 50 U.S. Designated Market Areas, as well as prime locations in growing suburban markets. The size, reach and quality of Regal's theatre circuit provides patrons with a convenient and exceptional movie-going experience.

About Turner Broadcasting System, Inc.

Turner Broadcasting System, Inc., an AOL Time Warner company, is a major producer of news and entertainment product around the world and the leading provider of programming for the basic cable industry.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein may constitute forward-looking statements. Although Regal Entertainment Group ("the Company") believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the risk factors contained in the Company's prospectus dated May 8, 2002. All forward-looking statements are expressly qualified in their entirety by such factors.