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Technology Stocks : TVGIA (TV Guide) - prev. UVSGA (United Video Satel. Group)
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To: Toby Zidle who wrote ()4/4/1999 5:23:00 PM
From: Toby Zidle  Read Replies (1) of 19
 
This is why TVGIA has been going up (from Yahoo News):

Thursday April 1 6:10 PM ET

News Corp. sees TV Guide as online on-ramp

By Brendan Intindola

NEW YORK (Reuters) - News Corp. intends to deploy its TV Guide Interactive as its
springboard to a larger presence on the Internet, according to Peter Chernin, president and chief
operating officer of the global media company.

TV Guide is expected to become increasingly pervasive as the cable and satellite companies
carrying it offer a vastly greater number of channels and Internet connections.

''The TV Guide Interactive business ... we ultimately view as our portal play,'' Chernin said,
using the computer industry term for Internet guides such as Yahoo! Inc., Lycos Inc.
(Nasdaq:LCOS - news) and Walt Disney Co.'s aGO Network,

''We think it has the potential to be a far more significant portal than anyone else is talking
about,'' Chernin said in an interview with Reuters Wednesday.

Chernin said TV Guide is expected to be a powerful entrance point for Internet users because of
what he predicts will be the strong attraction of television and personal computers converging.

''If you assume that there is some convergence of televisions and computers, I don't think of any
scenario where the television doesn't dominate.'' Chernin said.

For more of the story, go to dailynews.yahoo.com
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