Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (2740)	4/4/1998 2:07:00 PM
From: Glenn D. Rudolph	Respond to of 164684

12/16/97 Dow Jones News Serv. 20:21:00 Dow Jones News Service Copyright (c) 1997, Dow Jones & Company, Inc. Tuesday, December 16, 1997 Barnes & Noble To Pay AOL $40M To Be Exclusive Book Supplier NEW YORK (AP)--Barnes & Noble Inc. (BKS) on Tuesday said it is paying America Online Inc. (AOL) $40 million to be the exclusive seller of books on the nation's largest online service, shutting out Amazon.com Inc. (AMZN) and other major online book sellers. Amazon.com, the major Internet bookseller based in Seattle, is not currently promoting its books on America Online's proprietary service, but it is the exclusive bookseller on AOL's Web site, which is accessible to all Internet users. Only paying AOL members can use the company's online service. Barnes & Noble already has a presence on AOL's service, and the four-year deal will exand the ways in which AOL members can buy books from Barnes & Noble. The deal is the latest this year with America Online Inc., which has staked its future profits on revenues from advertisers. In exchange for helping to promote their products, the Dulles, Va.-based company is receiving more than $225 million from companies including CUC International Inc., a buying club, and Tel-Save Holdings Inc., a seller of long-distance telephone service. "Effectively it gives us great positioning, locks out the competition, and gives us the next four years" of exclusive advertising, Barnes & Noble vice chairman Steve Riggio said. Amazon.com did not immediately return a phone call seeking comment. America Online declined to comment. (END) DOW JONES NEWS 12-16-97 08:21 PM ---- INDEX REFERENCES ---- COMPANY (TICKER): Amazon.com Inc.; America Online Inc.; Barnes & Noble Inc. (AMZN AOL BKS) NEWS SUBJECT: Non-Government Contracts; High-Yield Issuers; Late Ticker Stories; Internet (CTC HIY LAT NET) MARKET SECTOR: Consumer Cyclical; Consumer Non-Cyclical (CYC NCY) INDUSTRY: Consumer & Household Services; Consumer Products & Services; Information & On-Line Services; Media; Limited Product Specialty Retailers; Publishing; All Specialty Retailers (CSV HOU IAS MED OTS PUB RTS) PRODUCT: Consumer Products; Internet; Media; Retailing (DCP DIT DME DRE) REGION: North America; New York; Pacific Rim; United States; Eastern U.S.; Southern U.S.; Western U.S.; Virginia; Washington (NME NY PRM US USE USS USW VA WA) Word Count: 226 12/16/97 DJNS 20:21:00 END OF DOCUMENT