To: RDR who wrote (8725 ) 2/25/1999 12:29:00 AM From: Urlman Read Replies (1) | Respond to of 27722
MTV announces acquisition of Imagine Radio ...There goes the neighborhood! well Image may turn to cr*p (too bad it was great site!) but my website hopefully offers some good alternatives killpopradio.com Tuesday February 23 2:55 PM ET Viacom's MTV Unveil Online Initiatives LOS ANGELES (Reuters) - MTV Networks Tuesday announced several online ventures for music and children, including the acquisition of Internet radio group Imagine Radio. Terms of the Imagine acquisition were not disclosed but Viacom's MTV said it would commit $250 million in worldwide promotional support to the Imagine venture, to be called ''The Buggles Project,'' as well as a new Nickelodeon kids-only online service to be called ''Project Nozzle.'' Viacom's MTV Networks owns and operates five cable television programming services, including MTV: Music Television, M2: Music Television, VH1, Nickelodeon/Nick at Nite, and TV Land. ''Partnering with MTV and VH1 is helping us realize our dream of reaching millions of listeners,'' said Rotem Perelmuter, founder of Imagine Radio, which broadcasts original radio stations and offers listeners the ability to customize which genres they want to hear. The Buggles Project, scheduled to launch in June 1999, will feature audio channels, streamed video music channels, concert and ticket information, news and reviews, and e-commerce and community features. ''Project Nozzle'' will include the creation of a full-featured, registered community. When completed this year, the new service will be supported by more than $100 million in on-air promotion on Nickelodeon. ''Just as Nickelodeon transformed television by providing the first full-time network for kids, Project Nozzle will transform the Web by offering kids the first registered community including all of the features that adult portals provide, but in an environment built just for kids,'' said Nickelodeon President Herb Scannell. Project Nozzle is scheduled to launch on Sept. 1, 1999, with testing slated to begin on June 1.