Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Michael T Currie who wrote (61416)	10/26/2000 1:13:35 AM
From: peter michaelson	Read Replies (2) of 122087

Well, that $100 million of advertising that they bought from CBS has got to be worth something. I don't know the media business well, so I can't tell if it is re-saleable or only for use by HOLL. "we entered into a seven-year agreement with CBS Corporation in January 2000 providing for $100 million of advertising and promotion of the Hollywood.com web site and $5.3 million in cash in exchange for an approximate 30% equity interest in the Company." The company also has an extremely well connected Board, so if their business looks promising then they can raise more money. The principals most likely have very deep pockets, having sold the Sci-Fi channel a few years back. None of this says HOLL is not a good short - just info. Peter

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