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@Home Network Teams With CNN Interactive to Deliver a Dedicated Stream of Video News
PR Newswire - November 13, 1997 08:32
ATHM %MLM V%PRN P%PRN
@Home Users Receive 'Best Of' CNN News Video, 7 Days a Week, 24-Hrs a Day
REDWOOD CITY, Calif., Nov. 13 /PRNewswire/ -- For the first time,
high-speed cable Internet users will be able to play large screen, high
quality CNN news video segments on demand via the @Home Network. @Home
Network (Nasdaq: ATHM) today announced an agreement with CNN Interactive, the
world's leader in online news and information delivery, to provide a
news video on-demand service for @Home users. As part of the agreement, CNN
will be the primary provider of news video content within the @Home News
Channel. Subscribers click on a window in the video-on-demand service for
immediate access to stories ranging from top US and World News to Sci-Tech,
Style, Showbiz, Health and other offerings. This news video service is
expected to be integrated into the @Home service shortly.
The @Home/CNN news video service has been developed to take advantage of
@Home's network architecture, caching, replication and other technology
features that enable users to have an enhanced broadband Internet experience
hundreds of times faster than the speed of a conventional modem. With the
simple click of the mouse, any @Home user will be able to access high quality
CNN video features on breaking news stories, 24 hours per day, 7 days a week.
In addition, the video content will be delivered in near stereo quality and in
a larger frame size than formats typically seen on the Internet.
"The CNN news video service on @Home is a shining example of the paradigm
shift taking place in the merger of high speed cable modem capabilities with
world class video production," said Charles Moldow, vice president of Media
Development, @Home Network. "Through the addition of high quality video, we
are providing our users with the best of the news in a form that cannot be
experienced by many other Internet services."
@Home Network provides integrated Internet services and products that
enhance performance, reliability and functionality, enabling media companies
to develop and deliver the next generation of multimedia experiences and
networked applications.
"We are proud that @Home has chosen CNN, the world's news leader, as its
supplier of news video," said Mark Bernstein, vice president and general
manager, CNN Interactive. "We are pleased that this relationship will improve
the experience of @Home users, who are accessing top quality multimedia
elements."
CNN Interactive provides news from around the world with the same
accuracy, objectivity and speed that viewers expect from all of CNN's news
services. The division's products include: its Web sites, which for
September 1997 served on average 49 million page views per week; CNN
CustomNews, a personalized news service launched with Oracle technology; and
the supply of CNN Interactive content to PageNet pagers, PointCast and
AirMedia.
Based in Redwood City, California, @Home Network (http://www.home.net)
distributes high-speed interactive services to residences and businesses using
its own network architecture and a variety of transport options including the
cable industry's hybrid-fiber coaxial infrastructure. The cable connection
provides users significant increases in speed over conventional Internet
services. Leveraging the "always on" attributes of cable, @Home allows for
unique multimedia applications that go beyond current Web experiences. Since
its founding in May 1995, @Home Network has reached affiliate agreements with
eight leading cable companies in North America, including Tele-Communications
Inc., Cablevision Systems Corp., Comcast Corporation, Cox Communications,
InterMedia Partners, Marcus Cable, Rogers Cablesystems Limited, and Shaw
Communications.
NOTE: @Home Network, @Home and the @ logo are trademarks of @Home Network
and may be registered in certain jurisdictions. All other brands and products
are trademarks of their respective companies.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors created by
those sections. These forward-looking statements include statements related
to the capabilities of the company's news video on-demand service and the
timing for introducing this service. Actual results may differ materially.
The matters discussed in this press release also involve risks and
uncertainties described from time to time in @Home's filings with the
Securities and Exchange Commission (SEC). In particular, see "Risk Factors"
in the Final Prospectus for the @Home's initial public offering filed with the
SEC on July 11, 1997. @Home assumes no obligation to update the information
contained in this press release.
SOURCE @Home Network
/CONTACT: Lauren Meller of @Home Network, 650-569-5181, or
lmeller@home.net; or Kerrin Roberts of CNN Interactive, 404-827-5340, or
Kerrin.Roberts@turner.com/
/Web site: home.net
(ATHM)
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