CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: keta who wrote (4852)	2/17/1999 11:01:00 AM
From: DiB	Read Replies (2) of 19700

CMGI Chairman and CEO David Wetherell today announced that CMGI NASDAQ:CMGI - news) has formed a strategic business partnership with Neil Braun, the former President of NBC Television Network, to build and launch a new company in the Internet broadcast arena. The company, to be headed by Mr. Braun, will focus on the delivery of live audio and video over the Internet, and is expected to incorporate existing CMGI assets, as well as outside interests. The new company, to be headquartered in New York City, will be backed by a start-up investment in excess of $100 million, and is expected to launch in Q2 1999. === Some questions about this Internet Broadcasting Network: will it have 24/7 programming schedule, just like TV? Will it actually try to compete with cable / satellite? What will be the means of data transfer? New company launching in Q2 of this year? It's kinda quick... CMGI must have had something in the works already.

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