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To: TLindt who wrote (565)	4/15/1998 10:01:00 PM
From: Kevin G	Respond to of 2882

Tlinda, here is a news release on IFLY: biz.yahoo.com

To: TLindt who wrote (565)	4/15/1998 10:48:00 PM
From: jjs_ynot	Respond to of 2882

CMGI is becoming primarily an internet venture capitalis firm ala H&Q Source: biz.yahoo.com Wednesday April 15, 7:55 am Eastern Time Company Press Release SOURCE: GeoCities Tom Evans Named CEO of GeoCities; Publishing Executive to Build GeoCities into a Leading Internet Media Company SANTA MONICA, Calif., April 15 /PRNewswire/ -- GeoCities, the largest and fastest-growing community on the Internet, today named Thomas R. Evans, president and publisher of U.S. News & World Report and Fast Company and president of Atlantic Monthly, to the post of chief executive officer. Evans will join the company on May 4, 1998 and work to build GeoCities into a leading online media company. GeoCities founder, David Bohnett, who made the announcement today and has served as CEO since the company was launched in November 1994, will continue in his role as chairman of the board, and develop the company's long-term growth strategy. Evans will lead the growth of GeoCities' multiple revenue streams and solidify GeoCities as a consumer brand. GeoCities generates revenue through advertising, premium member services and electronic commerce partnerships. The company recently launched GeoShops, a complete electronic commerce solution available to all GeoCities' 1.7 million homesteaders. ''I'm thrilled to be joining GeoCities to build its brand among its many audiences throughout the 40 special-interest communities,'' said Evans, GeoCities' new CEO. ''We will continue to develop GeoCities, the largest and most successful community on the Web, into a major consumer service. I look forward to working closely with the GeoCities team and making GeoCities a valuable brand and profitable Internet media company.'' Evans brings considerable experience in advertising sales and media management. While president and publisher of U.S. News, Evans built the newsmagazine into a category leader. He repositioned U.S. News and leveraged the brand to create special products, such as the College Guide. He also launched Fast Company in 1995, which has become one of the most innovative and fastest-growing business magazines in the industry. ''Tom brings a wealth of experience to the CEO position at GeoCities. His proven management and leadership capabilities, as well as his extensive experience in the media and publishing field form an ideal background to lead GeoCities as it becomes one of the premier companies on the Internet,'' said Bohnett. In 1985, Evans joined U.S. News, which had recently been acquired by Mort Zuckerman. After six years as a sales executive, he became publisher in 1991. In February 1997, Evans was named president and publisher of the organization, where he oversees the three magazines, U.S. News, Fast Company and The Atlantic Monthly. Russell Reynolds Associates conducted the CEO assignment on behalf of GeoCities. About GeoCities Based in Santa Monica, Calif., with advertising sales offices in New York and San Francisco, GeoCities ( www.geocities.com ) is the largest and fastest-growing community on the Internet. The site currently receives more than 652 million page views and 102 million visits each month, according to I/PRO's January 1998 report. The Relevant Knowledge March 1998 report ranks GeoCities sixth in reach, with 14.7 million unique visitors. GeoCities' investors include CMG@Ventures, the venture arm of CMG Information Services (Nasdaq: CMGI - news), SOFTBANK Holdings Inc., Yahoo! Inc. (Nasdaq: YHOO - news), Intel (Nasdaq: INTC - news), Chase Capital Partners, InnoCal and Flatiron Partners.