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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (806)	8/6/1998 12:52:00 PM
From: Rajiv	Respond to of 3015

DALLAS, Aug 6 (Reuters) - Source Media Inc., a software supplier that provides consumers with Internet access via television sets, said on Thursday that Paul Tigh, the company's vice president, finance, has been promoted to chief financial officer. Tigh will replace Scott Bedford, the acting CFO, who will return to his position as chief operating officer. Bedford had assumed CFO duties while the company searched for a permanent replacement, a company spokeswoman said. The company said Tigh, who worked as vice president and chief financial officer at Advanced Telemarketing Corp. before joining Source Media, will report to Tim Peters, the company's chairman and chief executive officer. The Dallas-based company's system of providing Internet access via television compares to the conventional method of linking to the Internet via personal computer and dial-up telephone line connections. Analysts view Source Media's system as a low-cost alternative method for connecting television sets to the Web without using expensive cable modem technology. Source Media provides new media content and advertising services through newspapers and phone directories to more than 150 million households and businesses across the United States, the company said. It owns broad-based patents covering the transmission of interactive media. In midday Nasdaq trading, Source Media stock was 7/8 higher at 16-11/16, on volume of 196,5000 shares. In the last month alone, the stock has gyrated between a low of 16-3/8 and 39, its record high.