Ticketmaster Online-CitySearch Hits 10% National Reach; Strengthens Lead as Number One Local Network
Ticketmaster.com Signs More Than 1.5 Million Users for its Express
Ordering(TM) System in Only 5 Months
PASADENA, Calif., April 24 /PRNewswire/ -- Ticketmaster Online-CitySearch,
Inc. (Nasdaq: TMCS) today announced that it has achieved a 10% national reach
for the first time, according to Media Metrix, as it continues to extends its
lead as the number one online local network. According to the March Media
Metrix Key Measures Report, the company's number of unique users increased an
additional 10% in March to 7.7 million, giving it a 10% national reach of
Digital Universe users. Page views during the quarter increased to over
765 million based on internal reports. The Company now provides local
information in more than 2000 zip codes, covering most of the United States
adult online population.
Unique Users (million users, per Media Metrix's Key Measures Report March
2000)
Month Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00 Mar 00
TMCS 4.2 4.9 4.4 5.9 5.8 6.1 7.0 7.7
AOL
Digitalcity 6.1 5.1 4.7 4.5 3.9 4.8 4.7 4.6
KR Real
Cities 3.2 3.1 3.1 3.0 2.9 3.3 3.6 3.8
Cox
Cities 2.2 2.4 2.0 1.9 1.9 2.3 2.3 2.6
In addition to these strong reach figures, TMCS users spent 14.5 minutes
per month on the site, more than these principal competitors.
Express Ordering Service Has Strong Start
Ticketmaster.com, the company's leading online ticketing site, announces
that more than 1.5 million users have registered for its streamlined Express
Ordering(TM) Service. This feature allows frequent ticket purchasers to
register their address and credit card information in advance to make ticket
purchasing fast and easy.
"When we launched this service in December we set an aggressive goal of
500,000 registrations for 2000," said Tom Stockham, President of
ticketmaster.com. "By April 15th we already have had more than
1,500,000 registrations -- far beyond our expectations."
Strong Local Reach
TMCS believes local online information is essential to today's Internet
user. A mass market demographic has now emerged in Internet users, and these
users value information and recommendations on activities that affect their
everyday lives, and the tools to get things done. The importance of local
information has typically been masked in national audience reach figures,
since no player has had a fully built out local network. TMCS' 10% national
reach places it in the top 25 Web sites nationwide in March, but the extent of
the Company's reach is even stronger in the local markets where it has been
open for over a year.
TMCS has made a large commitment to building its local network in the
cities and communities its serves relative to competitors. Through
citysearch.com, livedaily.com and ticketmaster.com the company has more than
125 editors developing rich, original content. In addition, the company has
integrated and will continue to integrate a variety of tools to help people
get things done in their city once they have made a decision. These include
ticketing for music, arts, family and sports events, reservations for hotels
and participating sports, job listings, apartment listings, matchmaking, and
even paying parking tickets in a pilot program.
About Ticketmaster Online-CitySearch
Ticketmaster Online-CitySearch (Nasdaq: TMCS) is the leading local network
enabling people to get the most out of their city. Operating in cities
worldwide, TMCS helps people find and plan what they want to do, and then take
action, with local transactions functionality such as buying event tickets,
making reservations, or meeting the right people to do things with -- anytime,
anywhere, on multiple devices. This integrated family of sites includes
ticketmaster.com, the world's number one online ticketing company;
citysearch.com, the leading local network; and match.com, the premier online
matchmaking service. Located in Pasadena, California, TMCS is majority owned
by USA Networks, Inc. (Nasdaq: USAI) and has equity investments in Active.com,
FairMarket.com, and foodline.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
This press release contains forward-looking statements about Ticketmaster
Online-CitySearch, Inc. (the "Company"), including those concerning its future
product plans. These forward-looking statements involve risks and
uncertainties. The Company's actual results could differ materially from
these statements. Among the risks and uncertainties that could adversely
affect the Company's actual results are: the Company's lack of profitability
and anticipation of continued losses; the Company's dependence on its
relationship with Ticketmaster Corporation; control of the Company by USA
Networks, Inc.; the potential for conflicts of interest between the Company
and USA Networks, Inc.; possible future sales of the Company's securities by
USA Networks, Inc.; risks associated with the integration of component
companies; the Company's future capital needs and the uncertainty of
additional financing; the unpredictability and potential fluctuations in
future revenues and operating results; the fact that the Company competes in
new and emerging markets; the Company's turnover rate; the Company's
dependence on the continued growth of online commerce; and the Company's
dependence on establishing and maintaining strategic relationships with local
media companies. Investors are encouraged to read the risks and uncertainties
detailed in the Company's filings with the Securities and Exchange Commission.
Ticketmaster Online-CitySearch is the owner or licensee of its name and
logo trademarks and service marks. All other trademarks and trade names are
the property of their respective owners.
Ticketmaster Online-CitySearch corporate headquarters is located at
790 East Colorado Boulevard - Suite 200, Pasadena, California, 91101;
+1-626-405-0050; fax +1-626-405-9929; info@citysearch.com.
SOURCE Ticketmaster Online-CitySearch, Inc.
CO: Ticketmaster Online-CitySearch, Inc.; USA Networks, Inc.; Media Metrix
ST: California
IN: MLM ENT
SU:
04/24/2000 06:30 EDT prnewswire.com
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