Churchill Downs Nominates New Director

25 Mar 2004

LOUISVILLE, Kentucky – (Press Release) -- Churchill Downs Incorporated's (Nasdaq: CHDN) board of directors has nominated Susan E. Packard to the position of director. If approved by a vote of the Company's shareholders this spring, Packard will fill the position vacated in June 2003 by Brad M. Kelley.

Packard serves as president of affiliate sales and international development for Scripps Networks, a division of E.W. Scripps, one of the country's premier media companies with interests in newspaper publishing, broadcast television, national television networks, interactive media and television retailing. In her current role, Packard oversees all distribution of Scripps-owned cable networks to cable operators, satellite distributors and television stations. Packard also manages a team that sells Scripps-owned cable content internationally and works to create global brands by developing strategic alliances with domestic and international partners. Additionally, Packard is an officer of Scripps Networks Inc., which includes some of the nation's most popular lifestyle cable networks: Home & Garden Television (HGTV), Food Network, DIY-Do It Yourself Network (DIY), Fine Living, and Shop At Home Network.

"Churchill Downs Incorporated is fortunate to have found an outstanding director candidate in Susan Packard," said CDI Chairman Carl F. Pollard. "Susan is an accomplished network sales and marketing executive who brings a wealth of relevant experience to CDI's board of directors at a time when our Company is focused on increasing both domestic and international distribution of our high-quality racing products. Susan's expertise also will be a tremendous asset to our leadership team as we explore new ways to grow our simulcast market share through the expanding arena of in-home media.

"CDI has sought to diversify the make-up of its board," Pollard added. "Susan will be a welcome addition and bring a fresh, dynamic perspective to our team."

Packard said it is an honor to be selected to join the board of directors for North America's premier horse-racing company.

"Churchill Downs Incorporated stands out as an industry leader that consistently delivers on its promise to provide value to its customers and shareholders," she said. "CDI's board of directors has led the Company down a path of remarkable growth. I'm looking forward to applying my experience in cable network media development to support the continued growth of this powerful brand in an increasingly competitive business environment."

In addition to her many professional accomplishments, Packard has contributed her time, energy and experience to the start-up of many cable industry organizations. She has served on the National CTAM marketing board, and the board of Cable Positive, and in the advisory capacity to the National Cable Television Association. Packard currently serves on the Scripps Howard Foundation board, the board of the Women in Cable and Telecommunications Foundation, and recently was elected to the National Cable Television Center and Museum's board. She also is involved in numerous community organizations, currently serving on the executive committee of the YMCA-Knoxville and on the board of the Columbus Home in Knoxville.

Packard's election to the board of directors is subject to a vote of CDI shareholders, which is scheduled to be held at the Company's annual shareholders' meeting on June 17, 2004, in Louisville, Ky.

Churchill Downs Incorporated ("CDI"), headquartered in Louisville, Ky., owns and operates world-renowned horseracing venues throughout the United States.

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	Churchill Downs Nominates New Director 25 Mar 2004 LOUISVILLE, Kentucky – (Press Release) -- Churchill Downs Incorporated's (Nasdaq: CHDN) board of directors has nominated Susan E. Packard to the position of director. If approved by a vote of the Company's shareholders this spring, Packard will fill the position vacated in June 2003 by Brad M. Kelley. Packard serves as president of affiliate sales and international development for Scripps Networks, a division of E.W. Scripps, one of the country's premier media companies with interests in newspaper publishing, broadcast television, national television networks, interactive media and television retailing. In her current role, Packard oversees all distribution of Scripps-owned cable networks to cable operators, satellite distributors and television stations. Packard also manages a team that sells Scripps-owned cable content internationally and works to create global brands by developing strategic alliances with domestic and international partners. Additionally, Packard is an officer of Scripps Networks Inc., which includes some of the nation's most popular lifestyle cable networks: Home & Garden Television (HGTV), Food Network, DIY-Do It Yourself Network (DIY), Fine Living, and Shop At Home Network. "Churchill Downs Incorporated is fortunate to have found an outstanding director candidate in Susan Packard," said CDI Chairman Carl F. Pollard. "Susan is an accomplished network sales and marketing executive who brings a wealth of relevant experience to CDI's board of directors at a time when our Company is focused on increasing both domestic and international distribution of our high-quality racing products. Susan's expertise also will be a tremendous asset to our leadership team as we explore new ways to grow our simulcast market share through the expanding arena of in-home media. "CDI has sought to diversify the make-up of its board," Pollard added. "Susan will be a welcome addition and bring a fresh, dynamic perspective to our team." Packard said it is an honor to be selected to join the board of directors for North America's premier horse-racing company. "Churchill Downs Incorporated stands out as an industry leader that consistently delivers on its promise to provide value to its customers and shareholders," she said. "CDI's board of directors has led the Company down a path of remarkable growth. I'm looking forward to applying my experience in cable network media development to support the continued growth of this powerful brand in an increasingly competitive business environment." In addition to her many professional accomplishments, Packard has contributed her time, energy and experience to the start-up of many cable industry organizations. She has served on the National CTAM marketing board, and the board of Cable Positive, and in the advisory capacity to the National Cable Television Association. Packard currently serves on the Scripps Howard Foundation board, the board of the Women in Cable and Telecommunications Foundation, and recently was elected to the National Cable Television Center and Museum's board. She also is involved in numerous community organizations, currently serving on the executive committee of the YMCA-Knoxville and on the board of the Columbus Home in Knoxville. Packard's election to the board of directors is subject to a vote of CDI shareholders, which is scheduled to be held at the Company's annual shareholders' meeting on June 17, 2004, in Louisville, Ky. Churchill Downs Incorporated ("CDI"), headquartered in Louisville, Ky., owns and operates world-renowned horseracing venues throughout the United States.