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To: 16yearcycle who wrote (58764)	5/27/1999 8:49:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Level 3 <LVLT.O>, Broadcast.com in strategic pact OMAHA, Neb., May 27 (Reuters) - Level 3 Communications Inc. and Web media programmer Broadcast.com Inc. <BCST.O> said Thursday they had entered into a strategic pact that gives Broadcast.com unprecedented access to bandwidth at favorable pricing. The companies said in a statement that under the terms of the five-year strategic alliance, Broadcast.com would use Level 3's international Internet Protocol network to deliver its audio and video content to customers at reduced fees. In addition, Level 3, an Internet communications company, will use Broadcast.com as its sole provider of Internet broadcasting services for Level 3 and its customers. Broadcast.com will carry Level 3's annual meeting of stockholders Thursday in Omaha. The broadcast is expected to be available Thursday on both companies' Web pages at www.Level3.com and www.broadcast.com. The companies also expect that they will "work together to develop future products in multicasting and other areas to enhance delivery of broadband video content and digital streaming services by both organizations and their customers," the statement said. "Together we will take Internet broadcasting to the next level, as we can deliver high-quality broadband content at increased bit rates to mass ... audiences," said Todd Wagner, Broadcast.com's chief executive.