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To: KeepItSimple who wrote (85578)	11/29/1999 10:53:00 AM
From: H James Morris	Respond to of 164684

Kis, I own Nws. So I'm concerned why Murdoch would invest in this house of cards. Then I looked at the details. Most of the deal gives Hlth free advertising, and Murdoch doesn't have to put up much cash. The problem with this deal is Hlth needs cash desperatley. Is that another Barter? I'm going to short 1 share of Healtheon. << Rupert Murdoch's News Corp. Ltd. is close to taking a minority stake in the online healthcare network Healtheon/WebMD, the Financial Times reported Monday. The paper, quoting a source familiar with the deal, said the complex transaction was worth about $1 billion and would be News Corp.'s biggest Internet investment. Healtheon/WebMD Corp connects consumers and doctors to the healthcare industry. Analysts see a boom in "e-health" business -- online transactions in the health industry. The Financial Times said News Corp. would pay for about 10% of Healtheon/WebMD mainly by broadcasting free advertising on its television networks. It will also pay some cash and give Healtheon/WebMD a small stake in Health Network, a cable TV channel half-owned by News Corp, the newspaper said. There was no immediate reaction to the report by either company. In announcing third-quarter results on Nov. 12, Healtheon/WebMD said losses rose to $17.1 million compared with losses of $13.5 million in the same quarter last year. It said increased marketing and development costs hiked the losses that were above Wall Street forecasts.