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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: FatSam who wrote (2415)	3/19/2000 8:38:00 AM
From: NY Stew	Respond to of 6516

This news release came prior to the eBook acquisitions and has additional meaning with the luxury of hindsight. TV GUIDE, INC. ANNOUNCES NAME CHANGE OF MURDOCH MAGAZINES DISTRIBUTION, INC. TO TV GUIDE DISTRIBUTION, INC. New York, NY (January 13, 2000) TV Guide, Inc. today announced it has officially changed the name of Murdoch Magazine Distribution, Inc.(MMDI), to TV Guide Distribution, Inc. - effective immediately. Under its new name, TV Guide Distribution, Inc. will maintain its reputation as a distribution leader and build upon the many successes it has already achieved including annual unit sales in excess of 505 million copies. The company distributes six (6) of the top ten (10) weekly titles and eleven (11) of the top twenty-five (25) mass-market titles. Additionally, of the top 50 checkout titles, TV Guide Distribution, Inc. represents 46% of the total retail dollar sales, and 56% of the total sales volume. "MMDI has led newsstand publishing and distribution for many years and we are confident that TV Guide Distribution, Inc. will continue its growth into the millennium," says John O'Reilly, President, TV Guide Magazine Group. "While we may have a brand new name, our winning attitude and commitment to our clients will remain unchallenged." TV Guide Distribution, Inc., a subsidiary of TV Guide, Inc. is a major distributor of consumer publications, including Bauer Publishing L.P., Reader's Digest, PRIMEDIA, Weider Publishing, Consumer Union, Essence Communications, Emmis Corporation, McGraw-Hill, The World Almanac, as well as the industry's best-selling weekly, TV Guide. On Oct. 4, 1999, TV Guide, Inc. (NASDAQ: TVGIA) and Gemstar International Group Limited (NASDAQ: GMST) announced that they have entered into a definitive merger agreement under which TV Guide, Inc. will become a wholly owned subsidiary of Gemstar.