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To: Jim Mulis who wrote (917)	3/31/1999 9:50:00 AM
From: Jim Mulis	Read Replies (1) \| Respond to of 13157

Liberty Media again--reducing web congestion Liberty Invests in Video Streamer San Francisco -- Liberty Media Group's Liberty Digital division said Tuesday that it has invested in iBEAM Broadcasting Corp., which plans to stream audio and video over the Internet. Liberty Digital's investment -- part of a $13 million funding infusion that also included existing iBEAM investors -- was its second in as many weeks. On March 24, Liberty said it was among a group of companies investing $28 million in Interactive Pictures Corp., a San Jose, Calif.-based firm that claims to be the "world leader in photography for the Internet." Other Interactive Pictures investors include GE Equity, American Express Co., Travel Related Services Inc. and Motorola Inc. Liberty Digital is headed by Lee Masters, the former E! Entertainment Television president, who became the investment vehicle's president and CEO last fall. Founded last year, iBEAM is building a satellite-based network for large-scale distribution of audio and video over via the Web, bypassing the network congestion that usually inhibits such Webcasts. In other news, iBEAM named Peter Desnoes -- the founder, managing general partner and CEO of Burnham Broadcasting Co. -- as its CEO. Desnoes also was vice president of sales and marketing for the ABC Television Stations division and chairman of ABC's affiliates-advisory board. - 3/30/99