To: dwight martin who wrote (3871 ) 1/11/1999 9:53:00 AM From: Steve Hausser Respond to of 4748
Lee Masters Named Chairman of TCI Music, Inc. NEW YORK, Jan. 11 /PRNewswire/ -- TCI Music, Inc. ("TCI Music") (Nasdaq: TUNE, TUNEP), announced today that Lee Masters assumed the position of Chairman of the Board of Directors, effective January 1, 1999. Mr. Masters, 47-years-old, is President and CEO of Liberty Media Interactive, a recently formed Liberty Media Corporation (Nasdaq: LBTYA/B) venture which owns 86% of TCI Music. Mr. Masters was President and CEO of E! Entertainment Television, Inc. prior to assuming the helm of Liberty Interactive. Tom McPartland, President and CEO of TCI Music, commented, "Lee is a visionary programming executive who will bring invaluable leadership and insight to TCI Music as we pursue our strategy of delivering audio and video music content over multiple platforms. At Liberty Media Interactive, Lee will lead the development of interactive programming and content for emerging new media platforms, and his chairmanship of TCI Music solidifies our position as an operator of strategic television, internet, satellite and other assets dedicated to musical content." Mr. Masters stated, "Digital media platforms are revolutionizing the music entertainment industry and TCI Music has assembled a portfolio of assets that places it at the forefront of this revolution. I look forward to assisting Tom and his fine team as they execute their strategy and enhance the value of this key Liberty Media Interactive investment." TCI Music, Inc. is a diversified music entertainment company delivering audio and video music services to commercial and residential customers via television, the Internet and other methods. TCI Music, Inc. is comprised of: The Box Music Network, Inc., which programs and distributes the interactive all music video channel, THE BOX; DMX, LLC, which programs, markets, and distributes the premium digital audio music service known as Digital Music Express (DMX); and Paradigm which operates SonicNet(TM), a leading music site on the Internet and Paradigm Associated Labels, a group of independent recording labels. TCI Music, Inc. is traded on the Nasdaq Small Cap Market through its Series A Common Stock and Series A Convertible Preferred Stock under the symbol TUNE and TUNEP, respectively. SOURCE TCI Music, Inc. CO: TCI Music, Inc. ST: New York IN: ENT SU: PER 01/11/99 08:00 EST prnewswire.com To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News.