audiohighway.com Signs Agreement With Dow Jones & Co. to Provide Content From the Wall Street Journal Interactive Edition To audiohighway.com Users by Subscription
Agreement represents audiohighway.com's first foray into premium content arena
CUPERTINO, Calif.--(BUSINESS WIRE)--Nov. 30, 1999-- audiohighway.com (Nasdaq: AHWY - news), an Internet information and entertainment company, Tuesday announced it has entered into a content distribution agreement with Dow Jones & Co. to provide selected articles and information from The Wall Street Journal Interactive Edition to audiohighway.com users on a subscription basis and in an audio format.
The agreement is audiohighway.com's first foray into providing premium content via electronic commerce to its customers. audiohighway.com is offering two products. The first is offering subscribers selected ``Business and Finance' and ``World-Wide' news items from the ``What's News' section on the front page of the Interactive Journal , which is continuously updated 24 hours a day.
In addition, audiohighway.com is offering ``The Wall Street Journal Today,' a more in-depth 15-minute summary of the day's top stories selected by the producers of The Wall Street Journal radio group.
audiohighway.com will provide the content through a 12-month subscription at a cost of $39.99 for either item or $49.99 for both. It is anticipated that subscribers will be able to receive the audio content shortly after 6 a.m. Eastern time each morning.
``This agreement with Dow Jones is a huge step for us,' said Nathan Schulhof, president and chief executive officer of audiohighway.com. ``We expect that premium content such as The Wall Street Journal Interactive Edition will drive even more traffic to our Web site, which we hope will in turn generate more advertising and e-commerce revenues for us.'
``As Dow Jones & Company is one of the best news and financial information providers in the world, this agreement with audiohighway.com presents a unique and timely way to distribute Dow Jones news to more people than ever before,' Schulhof said.
audiohighway.com is an information and entertainment Internet company that has built one of the largest libraries of free audio content for consumers on the Internet.
Consumers visiting the company's Web site (www.audiohighway.com) can access thousands of hours of audiobooks, music, news, entertainment, education and information selections in a number of Internet audio formats (including MP3, RealPlayer and Windows Media Player) through a variety of unique audio channels.
In addition, the site is updated throughout each day with timely news and information feeds. This free audio content can be streamed via the Internet directly to PCs for immediate listening or downloaded for future playback.
Consumers can also purchase music and video selections from audiohighway.com's online music store, Mass Music(TM), at www.massmusic.com, as well as other technology products through audioshop(TM) at audioshop.audiohighway.com. For more information, contact the company at 408/861-4000 or 800-77LISTEN.
Dow Jones & Co. (NYSE: DJ - news; www.dj.com) publishes The Wall Street Journal and its international and Interactive editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Newswires, dowjones.com, Dow Jones Indexes, and the Ottaway group of community newspapers.
Dow Jones is co-owner with Reuters group of Factiva, and with NBC of the CNBC television operations in Europe and Asia. Dow Jones also provides news content to CNBC in the United States.
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties.
Important factors that may cause actual results to differ include, but are not limited to, the impact of competitive products and services, the company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
audiohighway.com, audioshop and Mass Music are trademarks of audiohighway.com. All other trademarks are the property of their respective owners.
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Contact:
audiohighway.com
Nathan Schulhof, 408/861-4000
nathan@audiohighway.com
or
Dow Jones Interactive Publishing
Denise Collins, 609/520-4638
dcollins@wsj.dowjones.com
or
Politis Communications
David Politis, 801/523-3730 (work)
801/556-8184 (mobile)
dpolitis@politis.com
Mike Southworth, 801/523-3730
msouthworth@politis.com
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