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To: Michael Olds who wrote (6806)	4/6/1999 8:32:00 PM
From: killybegs	Read Replies (1) \| Respond to of 17679

Yeah, looks like its this... NEW YORK, April 6 (Reuters) - BMG and Universal, two of the world's five leading music companies, are set to participate on Wednesday in what is being heralded as a ''major Internet announcement in the media business,'' sources said on Tuesday. A news conference is scheduled to be held in New York City at the Rihga Royal Hotel involving chief executives of several unnamed companies, according to a public relations firm that is hosting the event. Several sources at the hotel, including sound and lighting technicians setting up for the event on the Rihga Royal's 53rd floor, said the event involved BMG and Universal. A spokesman for Universal, a unit of Seagram Co. Ltd. (Toronto:VO.TO - news), declined to comment. A spokeswoman for Seagram, Universal's parent, declined to comment. New York-based spokesmen for BMG, a unit of German media empire Bertelsmann AG (quote from Yahoo! UK & Ireland: BTGGg.F), did not return calls seeking comment

To: Michael Olds who wrote (6806)	4/6/1999 8:35:00 PM
From: Magic212	Respond to of 17679

You're right, it is not AXC.... Deal involves Universal and BMG.... From the RNWK board... #2442 Tuesday April 6 7:42 PM ET BMG, Universal plan Internet announcement - sources NEW YORK (Reuters) - BMG and Universal, two of the world's five leading music companies, are set to participate Wednesday in what is being heralded as a ''major Internet announcement in the media business,'' sources said Tuesday. A news conference is scheduled to be held in New York City at the Rihga Royal Hotel involving chief executives of several unnamed companies, according to a public relations firm that is hosting the event. Several sources at the hotel, including sound and lighting technicians setting up for the event on the Rihga Royal's 53rd floor, said the event involved BMG and Universal. A spokesman for Universal declined to comment. A spokeswoman for Seagram Co. Ltd., Universal's parent, also declined to comment. New York-based spokesmen for BMG, a unit of German media empire Bertelsmann AG, did not return calls seeking comment. Earlier, America Online Inc. (NYSE:AOL - news) said it had no plans to make an announcement Wednesday, dispelling stock market speculation it was involved in the planned announcement. Market rumors have been flying in recent days that AOL, the world's leading Internet services company, could be gearing up to acquire television broadcaster CBS Corp. (NYSE:CBS - news) A CBS spokesman declined to comment as a matter of company policy. The press conference is scheduled for 10:30 a.m. EDT (1430 GMT) at the Rihga Royal Hotel. A press advisory issued by Robinson Lerer Montgomery, a New York public relations firm, said it was hosting what it called ''a major Internet announcement in the media business'' that would feature ''the companies' CEOs and other executives.'' A spokeswoman for Robinson Lerer would not identify the companies involved. Universal is the world's largest music organization, with Seagram's $10.4 billion purchase of PolyGram last year. It boasts a roster of music artists ranging from Elton John to Herbie Hancock to U2. Some of its labels are Def Jam Records, Geffen and A&M. BMG owns more than 200 record labels in 53 countries, including Arista Records, RCA Records and Ariola Music. It also owns the world's largest music club. BMG sells compact discs and tapes online at bmgmusicservice.com. Reuters/Variety