Auctions.com Partners With Premiere Radio Networks.CHICAGO--(BUSINESS WIRE)--Dec. 2, 1999-- Partnership with nation's third largest radio network merges on-line auction site strengths with the power of radio In a strategic move to reach an extensive audience of radio listeners, auctions.com(TM), the world's fastest growing on-line auction network, today announced its partnership with Premiere Radio Networks Premiere Radio Networks is a radio syndication and preparation company based in the United States. It is currently the largest syndication company in the United States based on popularity of programming. , Inc., the network radio business of Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ). Under the terms of the agreement, Premiere Radio Networks, Inc.--the nation's third largest radio network--will receive an equity stake in auctions.com in exchange for radio advertising and promotion on a wide array of radio programs syndicated by Premiere. Additional terms of the agreement were not disclosed. Both companies said they expect the agreement will lead to innovative cross-promotional opportunities that will result in both increased listenership lis·ten·er·ship n. The people who listen to a radio program or station. to Premiere's programs and increased on-line traffic to auctions.com. Prior cross-promotional efforts include highly successful charity auctions, which have raised thousands of dollars for both The Dr. Laura Schlessinger Laura Catherine Schlessinger (born January 16, 1947) is an American cultural and conservative commentator, best known as host of the popular Dr. Laura radio advice call-in show. The show is nationally syndicated and runs three hours a day on weekdays. Foundation and The Oklahoma Tornado Relief Fund (in conjunction with the After Midnite with Blair Garner Blair Garner is the host of the syndicated radio programs After MidNite with Blair Garner and The Blair Garner Show. As a country music air personality he won the Academy of Country Music's On-Air Personality of the Year award in 2004 and 2006 and has also been radio show). "Radio is a proven driver of Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. ," said Tom Finke, president, auctions.com. "Our partnership with Premiere Radio will enable auctions.com to reach the tech-savvy and tremendously loyal listeners of Premiere programming on a frequent basis and on a national scale. The resulting increase in traffic to auctions.com will enable our merchant customers to realize even better sell-through rates on auctions.com." "Aligning with auctions.com presents us with a tremendous opportunity to invest in the very lucrative on-line auction marketplace with strategic partners," added Kraig T. Kitchin, president and COO of Premiere Radio Networks. About auctions.com Auctions.com provides on-line auction services and support for consumers, affiliates and merchants in a secure, information-rich and entertaining digital marketplace. Formerly known as Auction Universe, auctions.com offers world-class, 24-hour customer service and a patent-pending consumer protection program Bid$afe(TM)--the premier on-line transaction security program. Auctions.com is a subsidiary of Chicago-based Classified Ventures, Inc. About Premiere Radio Networks Premiere Radio Networks, Inc., a subsidiary of Clear Channel Communications, Inc., currently syndicates more than 60 radio programs and services more than 7,800 radio station affiliates. Premiere is one of the top three radio networks in the country, and the leading provider of morning show material nationwide. The number one syndicator of talk programming, Premiere features the following personalities: Dr. Laura Schlessinger, Rush Limbaugh Rush Hudson Limbaugh III (born January 12, 1951) is an American conservative radio talk show host and political commentator. Born in Cape Girardeau, Missouri, he is a self-described conservative, who discusses politics and current events on his program, , Jim Rome James "Jim" Rome (born October 14, 1964) is an American sports radio talk show host syndicated by Premiere Radio Networks, a subsidiary of Clear Channel Communications. Broadcasting from a studio near Los Angeles, California, he hosts The Jim Rome Show , Dr. Dean Edell, Art Bell, Michael Reagan, Naomi Judd and Phil Hendrie. Premiere is based in Los Angeles, Calif. and has seven offices nationwide. About Classified Ventures Classified Ventures provides nationally branded on-line services for the developing e-commerce opportunities in the classified advertising marketplace that build upon the local capabilities and expertise of a national affiliate network. In addition to auctions.com, the company currently operates national Web sites in the apartment, automotive, relocation and new home construction marketplaces, including Apartments.com(TM), www.apartments.com; cars.com(TM), www.cars.com; MovingCenter(TM), www.movingcenter.com; and NewHomeNetwork.com(TM), www.newhomenetwork.com. Classified Ventures also operates HomeHunter(TM), a local resale real estate service on the Web sites of its more than 130 newspaper affiliates. Classified Ventures, Inc., based in Chicago, was formed by eight leading media companies: Central Newspapers, Inc., Gannett Co., Inc., Knight Ridder, The McClatchy Company, The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times Company, The Times Mirror Company, Tribune Company and The Washington Post Company. |
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