CMGI Taps MTV's Matt Farber for Executive Vice President, General Manager Role with ICast
BUSINESS WIRE - May 20, 1999 10:28
ANDOVER, MASS. (May 20) BUSINESS WIRE -May 20, 1999-- Farber Joins Neil Braun, Former President of NBC Television Network,
To Develop Next-Generation Internet Broadcast Company
CMGI Chairman and CEO David Wetherell and Neil Braun, President and CEO of ICast, today announced the appointment of Matthew Farber to the position of Executive Vice President and General Manager for ICast, the new, CMGI-funded Internet broadcast company.
Farber joins ICast from MTV Networks where he was most recently Executive Vice President, MTV Networks Online and General Manager for MTV2: MUSIC TELEVISION. In that position, Farber, who is credited with bringing MTV Networks into the online world, spearheaded the strategic planning, development and operations for MTV Online, VH1 Online, and the recently announced Buggles Project incorporating MTV Networks acquisition of Imagine Radio. In his concurrent position as General Manager of MTV2, Farber implemented MTV2's unique local and interactive programming, and managed the development and launch of five new digital music video channels from MTV and VH1. During his eight year tenure at MTV, Farber also created the MTV Radio Network and served as Vice President, Music Programming for MTV.
"Matt is a proven innovator and a gifted strategic manager," said Braun, "with a demonstrated ability to manage profitable, market-leading online brands. Matt's expertise and relationships in the entertainment arena are uniquely suited to our goal of developing a new breed of Internet broadcasting company that expands the limits of current multimedia technologies, while leveraging CMGI's strengths in content and community building. I look forward to working with him to bring consumers the very best online entertainment programming the Web can offer."
"Matt Farber represents just the latest addition to what is fast becoming the strongest, most progressive Internet broadcasting team now working on the Web. His programming skill and strong track record in creating Web entertainment channels for MTV, VH1 and M2 make him an ideal contributor to ICast," added Wetherell. "His enthusiasm in joining our senior management team supports our firm belief in what will undoubtedly be our boldest Internet venture yet."
Prior to joining MTV, Farber was director of strategic planning at Arista Records. An industry veteran with consulting, programming and marketing experience at numerous radio stations, Farber holds an MBA from the Wharton School of Business, University of Pennsylvania.
Under the direction of Braun and Farber, ICast will provide consumers with a best-of-breed multimedia experience, leveraging the full array of digital and interactive media technologies now available. Moving beyond the model of existing Internet broadcast players, ICast will blend the best attributes of community, content, commerce and personal publishing with superior technology and production capabilities. About CMGI
A recognized leader in the Internet economy, CMGI (NASDAQ:CMGI) has built a substantial base of Internet operating companies and, through its @Ventures affiliates, has invested in a growing series of synergistic Internet enterprises which enhance the value of its core holdings. This unique method of generating equity for its shareholders is what CMGI calls "creating net value." Microsoft, Intel, Sumitomo and Gateway hold minority positions in CMGI.
CMGI's majority-owned subsidiaries include Activerse, Adsmart, Engage, ICast, Magnitude Network, NaviSite, NaviNet, Planet Direct and ZineZone. The Company's @Ventures affiliates have ownership interests in Lycos, Inc. (NASDAQ:LCOS), GeoCities (NASDAQ:GCTY), Critical Path (NASDAQ:CPTH), Silknet (NASDAQ:SILK), Ancestry.com, Asimba, blaxxun, CarParts.com, Chemdex, eCircles.com, Furniture.com, HotLinks, KOZ.com, Medical Village, MotherNature.com, NextMonet.com, OneCore Financial Network, Raging Bull, Softway Systems, Speech Machines, ThingWorld.com, TicketsLive, Universal Learning Technology, Vicinity, Virtual Ink and Visto.
CMGI is also the majority-owner of SalesLink, InSolutions and On-Demand Solutions, leaders in the direct marketing, fulfillment and turnkey arenas. CMGI Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site cmgi.com
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