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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Keith J who wrote (8307)	2/26/1998 2:39:00 PM
From: Paul Merriwether	Respond to of 13594

FROM WSJ: interactive.wsj.com Excerpt follows: Bloomberg Succeeds Dow Jones As Main Business Area on AOL Dow Jones Newswires DULLES, Va. -- Financial information company Bloomberg L.P. will provide business and market news for America Online Inc. subscribers, the two companies announced Thursday, filling the void left by rival Dow Jones & Co., which left the on-line service Dec. 31. Bloomberg and AOL didn't discuss financial terms for the three-year agreement. But AOL last year changed its business strategy, demanding millions of dollars from content providers to rent space on the No. 1 on-line service in exchange for prime placement on the service. Similar to a shopping mall, AOL calls the providers who occupy the spots "anchor tenants." Dow Jones, which had previously been paid by AOL for its material, wouldn't agree to the new terms. AOL has been seeking the fees to lessen its reliance on its subscription revenues. Its biggest deal so far came last year with long-distance company Tel-Save Holdings Inc., which agreed to pay $100 million in an upfront payment, as well as additional fees, in exchange for heavy promotion. It also signed a deal worth at least $50 million with shopping-club giant CUC International Inc.