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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: art slott who wrote (4809)	6/15/1999 11:04:00 AM
From: Ray Smith Jr	Read Replies (1) of 13157

MTV's Internet music in USAToday -Freston forged a key alliance last month with Liberty Media Chairman John Malone, possibly the top power broker in cable and the Internet. Liberty will take 10% of MTV's Internet music operation in exchange for a music news site Malone controls - SonicNet - and a rival cable music channel, The Box. They will create a music channel for interactive TV, a business that could rival the Internet in public appeal. -Analysts value Liberty's stake in MTV's Internet effort at $400 million, meaning the total operation could be worth $4 billion. "It's a pretty hefty number considering we just got started," Redstone says. usatoday.com

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