Alex Maghen, Former MTVi CTO, Joins Launch Media as Chief Technology Officer.Business Editors & Internet Writers SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--July 19, 2000 LAUNCH Media, Inc. (Nasdaq:LAUN) today announced that Alex Maghen has joined the company as Chief Technology Officer, a newly created position. Maghen comes to LAUNCH from MTVi Group, Inc., Viacom's Internet music initiative, where he also served as CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . In his new role, Maghen will be based at the company's headquarters in Santa Monica, and will oversee all technology operations, including spearheading new directives in product development and technology partnerships. As Chief Technology Officer at MTVi Group, Maghen was responsible for a large team that executed all technical operations including technology development, project management and infrastructure support for MTVi's domestic and international Web sites. Prior to his CTO position, Maghen was Vice President, Online & Interactive technology at MTV Networks MTV Networks is a division of media conglomerate Viacom that oversees the operation of many TV network and Internet brands, including the first MTV channel. The company was established in 1984 after Warner Communications and American Express decided to divest the basic cable , where he supervised MTV's convergence projects and the eventual spinoff of the MTVi properties. Maghen joined Viacom in 1995 where he served as Director of Technology, Viacom Interactive Services, until 1996 when he became Vice President of Production & Technology, Nickelodeon Online. Maghen went to Viacom after four years at AT&T as Director of Content Software Development for AT&T Interactive Television Products. Maghen earned a BS in Mathematics, Computer Science & Engineering at Drexel University Drexel University, at Philadelphia, Pa.; coeducational; founded 1891 by Anthony J. Drexel, opened 1892, chartered 1894 as Drexel Institute of Art, Science, and Industry. It was renamed Drexel Institute of Technology in 1936 and gained university status in 1970. and completed the Graduate Program in Interactive Telecommunications at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . "We are very excited to have Alex as part of our senior management team," said Bob Roback, President of LAUNCH. "His extensive technology and management experience will allow us to continue to develop and deliver a great experience for music fans globally." About LAUNCH With headquarters in Santa Monica, LAUNCH Media, Inc. (Nasdaq:LAUN) is a media company dedicated to creating the premier Internet music site, LAUNCH.com, by providing music fans with the broadest array of music and music-related editorial content. LAUNCH.com houses the Web's largest music video collection, available streamed on-demand or in pre-programmed channel formats. Additionally, LAUNCH.com offers music customization with LAUNCHcast, an intelligent music service that enables members to design their own streaming music station with high quality audio or video. LAUNCH is engaged in strategic relationships with Sony Music, EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Music, Warner Music Group Warner Music Group (WMG) is one of the four major record labels. Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc. , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Microsoft, NBCi, Intel, RealNetworks, NetZero, Yahoo!, Yahoo! Japan, Tokyo Broadcasting System
This announcement contains forward-looking statements that involve risks and uncertainties including, among others, LAUNCH Media, Inc.'s, operating history, anticipated loss, the unpredictability of its future revenues, competition, risks associated with management of potential growth, and risks of new business areas, international expansion, business combinations and strategic alliances. Actual results could differ materially from those discussed. More information about factors that potentially could affect LAUNCH's financial results are included in the Company's filings with the Securities and Exchange Commission, including its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed Dec. 31, 1999, as amended, each available online at http://www.sec.gov. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements. |
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