Broadcast.com (Acquired by Yahoo) Message Board

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Technology Stocks : Broadcast.com (Acquired by Yahoo)

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Jun 26 5:00 PM EST

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To: Francis Gaskins who wrote ()	5/18/1998 10:35:00 PM
From: Francis Gaskins	Read Replies (2) of 1260

Webcaster Sets IPO Dallas-based Broadcast.com Inc. has filed to raise an estimated $35 million in an initial public offering. The registration notice from the pioneering Webcasting company to the Securities and Exchange Commission reports that Broadcast.com, then known as Audio Net. Inc., had gross revenues in 1996 of $1.7 million and a net loss of $3.0 million, compared to revenues in 1997 of $6.8 million and a loss of $6.6 million. For the first three months of 1998, compared to the first quarter of last year, Broadcast.com's net loss almost tripled to $2.7 million. The company said its strategy "is to acquire exclusive, long-term Internet broadcast rights to streaming media content provided by radio and television stations, networks and ownership groups, college and professional sports teams and leagues, production and film studios, record labels, and other content providers."

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