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Microcap & Penny Stocks : MDU Communications Inc. - MDTV

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To: Currency who wrote (370)6/22/1999 12:47:00 AM
From: diddlysquatz  Read Replies (1) of 994
 
Here is a major development in the satellite tv industry:

NEWS FLASH: AOL To Invest In Hughes

America Online will make a $1.5 billion strategic investment in Hughes Electronics, both companies announced today.

The companies said the alliance will accelerate subscriber growth and revenue-per-subscriber for Hughes' DirecTV television service and the DirecPC satellite-based broadband Internet delivery system. The investment also is aimed to extend the reach of America Online's AOL TV interactive television and AOL-Plus high-speed Internet services.

America Online and Hughes also plan to jointly develop new content and interactive services for the U.S. market and elsewhere in the world.
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