Press contacts:
Sherry Manno
broadcast.com
214/748-6660
smanno@broadcast.com
Scott Peterson
The Nasdaq Stock Market
202/728-8955
For Immediate Release
NASDAQ PARTNERS WITH BROADCAST.COM TO PROVIDE
INTERNET BROADCASTING SERVICES FOR QUARTERLY
EARNINGS CONFERENCE CALLS
Nasdaq's Commitment Serves to Accelerate Adoption of Internet
Broadcasting as a Standard for Investor Relations and Corporate
Communications
DALLAS, Texas and GREENWICH, Conn. (Dec. 9, 1998) - Broadcast.com (Nasdaq: BCST),
the leading aggregator and broadcaster of streaming media programming on the Web, today
announced that it has signed a partnership with The Nasdaq Stock Market, Inc. to provide
Internet broadcasting services for quarterly earnings conference calls in a pilot program for
Nasdaq-100® companies.
Companies in the Nasdaq-100 Index® will be invited to participate in the pilot program in early
1999 in which broadcast.com will provide Internet broadcasting services to stream the
companies' quarterly earnings conference calls. In the pilot program, each company will be
offered up to four live audio broadcasts of quarterly earnings calls per year. Broadcast.com will
host the calls on co-branded pages within the broadcast.com web site and promote them to its
extensive audience that averages more than half a million unique visitors daily. In addition,
visitors to www.nasdaq-amex.com will be able to link to the pages on broadcast.com where
they can listen to the calls live or access them later on demand.
"This pilot program is an opportunity to introduce our companies to investors through Internet
broadcasting. It will help to level the playing field for individual investors by giving them access
to the same information previously available only to a select few on Wall Street," said Alfred R.
Berkeley, III, president of The Nasdaq Stock Market, Inc. "We would like to see Internet
broadcasting become a standard corporate communications tool for public companies in the
near future, and are pleased to experiment with this new technology in partnership with
broadcast.com."
"This clearly establishes broadcast.com's turnkey Internet broadcasting services as a standard
communications tool for helping public companies achieve their investor relations and
corporate communications goals, by reaching customers, shareholders, employees and
analysts at their desks with live and on-demand broadcasts," said Todd Wagner, chief
executive officer of broadcast.com. "Nasdaq's endorsement brings the investor relations
process one step closer to providing timely and full disclosure of corporate information to
investors of all sizes, from the individual investor to a large institutional firm."
Wagner added, "Nasdaq has always been a pioneer of innovation for stock markets and
market services. We're pleased they've chosen us as their exclusive provider to further their
commitment to provide the most advanced technologies and enhanced services for their
constituents."
The broadcast.com Business Services Group provides turnkey Internet broadcasting services
for hundreds of corporations and organizations, including many leading Nasdaq® companies.
Broadcast.com delivers live and on-demand audio and video solutions for a variety of corporate
communications applications including seminars, product launches, keynote addresses,
distance learning, annual shareholder meetings and quarterly earnings calls. Broadcasts can
be customized with interactive features including multimedia slide presentations, user
registration and tracking, question and answer tools, and archiving.
About Nasdaq
Since its debut as the world's first electronic stock market, The Nasdaq Stock Market® has
been at the forefront of innovation, using technology to bring millions of investors together with
the world's leading companies. On Nasdaq®, trading is executed through an advanced
computer and telecommunications network that serves as the model for stock markets
worldwide. Today, The Nasdaq Stock Market lists nearly 5,400 companies and trades more
shares per day than any other major U.S. market. It is among the world's best regulated stock
markets, employing the industry's most sophisticated surveillance systems and regulatory
specialists to protect investors and provide a fair and competitive trading environment. Nasdaq
operates under the management of The Nasdaq-Amex Market GroupSM, a subsidiary of the
National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry,
self-regulatory organization in the United States.
For more information about Nasdaq, visit the Nasdaq-Amex Web site at
nasdaq-amex.com or the Nasdaq-Amex NewsroomSM at
nasdaq-amexnews.com.
About broadcast.com
Broadcast.com (Nasdaq: BCST) is the leading aggregator and broadcaster of streaming media
programming on the Web with the network infrastructure and expertise to deliver or "stream"
hundreds of live and on-demand audio and video programs over the Internet or intranets to
hundreds of thousands of users. The broadcast.com Web sites offer a large and
comprehensive selection of programming, including sports, talk and music radio, television,
business events, full-length CDs, news, video, commentary and full-length audiobooks, serving
an average of more than half a million unique users per day. Broadcast.com broadcasts on the
Internet 24 hours a day, seven days a week, and its programming includes more than 370
radio stations and networks, 30 television stations and cable networks, and game broadcasts
and other programming for over 420 college and professional sports teams. Broadcast.com
also provides Internet and intranet broadcasting services to businesses and other
organizations, including turnkey production of live and archived press conferences, earnings
conference calls, investor conferences, trade shows, stockholder meetings, product
introductions, training sessions, distance learning telecourses and media events. For more
information on broadcast.com and its live and on-demand programming, visit
broadcast.com.
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This announcement contains forward-looking statements that involve risks and uncertainties,
including those relating to the acceptance of the pilot program. More information about
potential factors which could affect broadcast.com's business and financial results is included
in broadcast.com's quarterly reports on Form 10-Q on file with the Securities and Exchange
Commission (www.sec.gov). Broadcast.com cautions investors that its business and financial
performance are subject to substantial risks and uncertainties.
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