Fox News Online First to Offer Free Real Time Stock Quotes
E*Trade Enters Expansive Global Partnership With News America Digital Publishing
Thomson Investors Network to Serve as Financial Data Provider
NEW YORK, Jan. 21 /PRNewswire/ -- Fox News Online (http://www.foxnews.com) announces it will provide free real-time stock quotes to consumers beginning today, Wednesday, January 21, making it the first consumer news service to offer real-time securities pricing on the Internet at no charge. News America Digital Publishing, operator of Fox News Online, has entered into partnerships with E*TRADE Group, Inc. (Nasdaq: EGRP - news), a leading branded provider of online investing services, as exclusive online brokerage sponsor and Thomson Investors Network, the flagship consumer group of Thomson Financial Services, as the provider of real-time quotes and market data. The announcement was made today by Matthew F. Jacobson, executive vice president, News America Digital Publishing.
Fox News Online empowers individual investors by offering real-time (price of last trade) stock quotes with no premiums and no exchange fees. A direct link to the E*TRADE Web site from Fox News Online will enable E*TRADE customers to immediately act on their investment decisions. Through an expansive global sponsorship agreement with News America Digital Publishing, E*TRADE is now the exclusive online brokerage sponsor for Fox News Online and the category exclusive advertiser for the real-time stock quotes. As part of the agreement, News America Digital Publishing also will carry advertising from E*TRADE across its Internet properties Fox Sports Online, TV Guide Entertainment Network and News Corporation's international Internet offerings.
Through quotes and market data provided by Thomson Investors Network, users may access up to 50 real-time quotes per day for securities traded on NYSE, Amex and Nasdaq exchanges. A variety of Thomson Financial Services companies provide an integrated summary of existing research on the selected security in its popular Thomson TipSheet format. Intraday charts, 12 month charts, key fundamentals, First Calls' consensus earnings estimates, and the Investnet Insider Trend Index are provided for every real-time quote accessed.
In making the announcement, Mr. Jacobson said, ''Access to real-time stock quotes helps level the playing field for individual investors. As the exclusive online brokerage sponsor, E*TRADE gives us the opportunity to put the investor much closer to the transaction, particularly at a time when the market is incredibly volatile.'' He added, ''Together, Thomson Investors Network and Fox News Online are committed to producing the Internet's premiere business resource for consumers with an active interest in up-to-the-minute business information.''
The aggressive expansion of the Fox News Online business offerings represents News America Digital Publishing's commitment to provide consumers the ultimate news information service. It also represents the first stage in an expansion agenda which includes the development of a new business site within Fox News Online, targeted for March, 1998.
A leading branded provider of online investing services, E*TRADE has established a popular destination Web site ( etrade.com ) for self-directed investors. The company offers independent investors the convenience and control of automated stock, options and mutual funds order placement at low commission rates, along with a suite of value-added products and services that can be personalized, including portfolio tracking, Java-based charting and quote applications, real-time market commentary and analysis, news and other information services.
Thomson Investors Network is a division of Thomson Financial Services (TFS), a leading provider of quality financial information, research, analysis and software to the worldwide investment and corporate communities. Thomson Investors Network has been featured as NetGuide's Site of the Day, was named as one of the world's top financial Web sites in the book Investing Online -- Dealing in Global Markets on the Internet and was honored with a 4-star rating from the American Association of Individual Investors. Thomson Investors Network also has established strategic relationships with Time Inc. New Media's MONEY.com Plus, AT&T WorldNet Service, PR Newswire's Money Talks, Datek Online, DLJ Direct and digiTRADE, Inc.
Fox News Online ( foxnews.com ) is the Internet's premiere destination for the most timely and comprehensive reporting of world news, sports, weather, business, health and sci-tech, as well as compelling editorial, real-time stock quotes, customized stock portfolios and wire reports. Fox News Online, the online presence of Fox News and the Fox News Channel, is part of the electronic publishing operations of News America Digital Publishing Group, a division of News Corporation's News America Publishing Group.
SOURCE: Fox News Online o~~~ O |