FYI ALL, announcement from San Francisco conference >
CNBC/Dow Jones Business Video to be Offered through IFN's InfoGate(TM) Platform
PR Newswire - November 09, 1998 08:44
WASHINGTON, Nov. 9 /PRNewswire/ -- Internet Financial Network, Inc. (IFN) announced today an agreement with CNBC/Dow Jones Business Video to offer its streaming audio/video news content through InfoGate. The announcement was made at the 1998 Information Industry Association Annual Conference. CNBC/Dow Jones will provide InfoGate users with program schedules, program alerts and news abstracts, all of which will include links to the video service, using Microsoft's Windows Media Player.
"We are very pleased to partner with CNBC/Dow Jones in helping to distribute streaming business video coverage," said Tony Kawas, chief operating officer of IFN. "InfoGate's goal is to harness the full power of the Internet. That especially includes audio and video services."
"Our streaming audio and video content offers individuals a much deeper understanding of the day's news. Through this partnership, InfoGate users can now experience the sights and sounds of breaking business news," commented Mike Wheeler, president of CNBC/Dow Jones Business Video.
CNBC/Dow Jones Business Video provides live and on demand video and audio coverage of market moving events Monday through Friday from 7:00 a.m. to 6:00 p.m., Eastern Time. Coverage alerts will be accessible through InfoGate portals that track companies, categories, key words and ticker symbols.
CNBC/Dow Jones Business Video (CNBC/Dow Jones) produces streaming audio and video content, which provides business and financial professionals with live and archived coverage of market moving events, interviews and analysis, CNBC/Dow Jones offers affiliate sites "Business Video Centers," containing select audio and video content from its unparalleled subscription site at cnbcdowjones.com. Content is also distributed through financial research and news aggregators such as Audible, Bridge, First Call, NewsEDGE, Multex, and WavePhore. In addition to its Web site content services, CNBC/Dow Jones extends its video production and news gathering expertise to design multimedia projects such as Virtual Road Shows and other presentations for use on Intranet or Internet sites. CNBC/Dow Jones is a joint venture of Dow Jones (NYSE: DJ), Microsoft Corporation (Nasdaq: MSFT) and NBC and is a separate business from the MSNBC 24-hour cable news services and its companion Web site, MSNBC.com.
IFN expects InfoGate to become the "distributor of choice for information providers," InfoGate services are totally unbundled and providers control all aspects of pricing their content. Unlike traditional content aggregators saddled with outdated communications infrastructures, InfoGate's state-of-the-art software uses the Internet as a real-time communications medium to receive as well as distribute proprietary information at up to four times the speed of the Web. InfoGate also allows users to create conceptual and topical news filters and searches through Oracle's powerful plain text search engine, ConText(TM).
Mr. Kawas noted that InfoGate, which qualified investors and professionals can download from ifn.com, carries ITN's own SEC services, EdgarWatch and the IIA Award-winning Instant News. In addition to CNBC/Dow Jones Business Video, InfoGate's third-party content providers include American Banker/Bond Buyer, The Associated Press, CDA/Investnet, COMLINE, Communications Industry Researchers, Comtex Scientific Corporation, First Call Corporation, InfoWorld, Integra Information, Investext, Net Earnings, Phillips Business Information, Securities Data Company, Standard & Poor's and Street Pricing Services. "We are maintaining our strategy of aggressively pursuing additional content providers," added Mr. Kawas.
IFN was founded in 1994. The Company has offices in New York City and Ft. Lauderdale. The Travelers Insurance Company (NYSE: CCI) and Data Broadcasting Corporation (Nasdaq: DBCC) together hold a controlling equity interest in IFN.
SOURCE Internet Financial Network, Inc.
/CONTACT: Anthony J. Kawas of Internet Financial Network, Inc.,
800-546-5436, or fax, 212-432-0868, or tkawas@ifn.com/
/Web site: cnbcdowjones.com
/Web site: ifn.com |
