The source I base my assumption on is here. It sure sounds like Mark Cuban is signaling the deal that HAUP is alluding to in its release, doesn't it?
Again, I DO NOT know anything about the deal. I don't know anyone at broadcast.com, Yahoo!, or HAUP. I have no inside information at all. I am working on a pure guess, based on public information I have read.
NEWS STORY FOR BCST 268
04/19 =Broadcast.com Pres Sees Digital Distribution Beyond The Net
SYMBOLS: BCST I/MED I/ENT I/MOV I/REC N/DJN N/DJWI N/DJS N/NET N/WAL M/CYC P/DLE P/DME
By Evan Ramstad
LAS VEGAS (Dow Jones)--Broadcast.com (BCST) is exploring ways to distribute
audio and video programs and events beyond the Internet, President Mark Cuban
said.
Speaking to broadcasters and Web entrepreneurs at the National Association of
Broadcasters convention Sunday, Cuban said there will be many methods to
distribute digital audio and video information besides the Internet.
He described upcoming satellite radio broadcasting, for instance, as "just
another channel of distribution for us."
Dallas-based Broadcast.com already archives portions of the broadcasts from
410 radio stations and 40 TV stations it currently distributes online. The
company is developing search and retrieval services for the broadcasters to
market that material.
Eventually, the company will distribute that material not only over the Web to
desktop PCs but through many digital appliances, Cuban said. "We're going to be
your partner for digital distribution," he said.
In his speech, Cuban outlined rules that guide strategic decisions at the
company. He said one of them is that the Internet and digital media industry is
a "marathon sprint."
"I want every one of your customers," he said. "I'm honest about that. You
have to move fast enough to compete with people like me."
Broadcast.com earlier this month agreed to be purchased by Yahoo! Inc. (YHOO)
for stock initially valued at $5.7 billion.
- Evan Ramstad; 201-938-5099
(END) DOW JONES NEWS 04-19-99
09:01 AM- - 09 01 AM EDT 04-19-99 |
