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Technology Stocks : CDNow (CDNW)

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To: Craig A who wrote (652)	1/22/1999 8:44:00 AM
From: Fernando Saldanha	Read Replies (1) of 1465

Bloomberg: (7:55 am) "Time Warner talks to Lycos and CDNow to Buy Stake, WSJ Says" From WSJ: "In the case of CDnow, Time Warner isn't interested in acquiring CDnow outright, people close to those talks say. Rather, Time Warner is discussing taking a stake in CDnow to add heft to its already-sizable business of selling books and music over the Internet. Various Time Warner units, including Warner Bros. Studio Stores and Atlantic Records, have established their own Web sites. Time Warner also owns Book-of-the-Month Club and Time Life Inc., a direct marketer of books, music and video."

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