AudioBasket Distributes Music News Programming from NetRadio.Com Under New Licensing Agreement.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Aug. 9, 2000 NetRadio.com Music News Becomes Available to Web Sites Delivering the AudioBasket Service to their Users NetRadio Corporation (Nasdaq: NETR NETR Nuclear Engineering Test Reactor NETR No Essential Traffic Reported NETR NATO Electronic Technical Recommendation ) -- a media company that is the leading online distributor of originally programmed audio entertainment through its Web site www.netradio.com -- and AudioBasket, a premier provider of customized audio news and information on demand, today announced that they have signed a licensing agreement involving delivery of NetRadio.com Music News content to users of AudioBasket's service. Under the agreement, NetRadio.com is providing AudioBasket with distribution rights for NetRadio.com's original audio news programming, which covers daily, breaking news about hit music, rock, country, jazz, classical, and the music industry in general. NetRadio.com Music News brings listeners on-demand audio news and features about their favorite artists, new releases, tour information, and the latest insider gossip. It also covers industry information regarding trends, labels, publishing, new technologies, and more. "As listeners take advantage of new technologies from AudioBasket that give them access to anytime, anywhere broadcasts, NetRadio continues to help redefine Verb 1. redefine - give a new or different definition to; "She redefined his duties" define, delimit, delimitate, delineate, specify - determine the essential quality of 2. the meaning of `radio,'" said Edward A. Tomechko, president and chief executive officer, NetRadio Corporation. "Our agreement with AudioBasket demonstrates our ability to identify and use the latest, most innovative methods to distribute our content and attract new listeners." "Our agreement with NetRadio allows us to expand our content offerings to include top-quality music news and information, so our partnering Web sites can deliver more targeted selections to users of the AudioBasket service," said Kim Fisher, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , AudioBasket. "NetRadio.com's Music News programming provides valuable, up-to-the-minute information to a very targeted audience of dedicated fans and savvy business people, and this agreement will allow them to get that information how, when and where they want it." NetRadio.com is among a lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of national and international news organizations, publishers, broadcasters, business and educational content providers with which AudioBasket has announced agreements. Others include: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. , ABCNEWS.com, the Wall Street Journal, British Broadcasting Corporation (company) British Broadcasting Corporation - (BBC) The non-commercial UK organisation that commissions, produces and broadcasts television and radio programmes. The BBC commissioned the "BBC Micro" from Acorn Computers for use in a television series about using computers. (BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ), Bloomberg, the Financial Times and Newsweek On-Air. About AudioBasket, Inc. San Francisco-based AudioBasket provides premier audio news and information on demand for a wide variety of Web sites. With the AudioBasket service, partner sites can customize frequently updated news and information from trusted sources, including The Wall Street Journal, ABCNEWS.com, the Financial Times, and Bloomberg Radio. Partners can take their brand offline when their users download AudioBasket for playback on the desktop and virtually any standard digital audio device. Through its proprietary technology, strategic partnerships with leading media sources and exclusive audio content, AudioBasket empowers Web sites with customized, continually updated, quality audio that serves to increase traffic and user loyalty. About NetRadio.com: NetRadio Corporation is a media company that is the leading online distributor of originally programmed audio entertainment. With its premier Website, NetRadio.com, the Company leverages the best attributes of traditional radio, publishing and direct marketing through the connectivity and interactivity of the Internet. Approximately 2.5 million unique listeners visit several times per month to enjoy NetRadio.com's more than 100 channels of music and information on demand, 24 hours a day, seven days a week. The site connects with music enthusiasts through 15 interactive music communities ranging from Jazz, Modern Rock and New Age to Vintage Rock, Country and Classical. With NetRadio.com's On-Screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. Player, listeners can see the title and artist of every song as it plays. Users can simply click at any time to seamlessly purchase what they're hearing from an inventory of more than 250,000 music titles and 1 million sound samples at NetRadio.com's on-line music store. Through its more than 100 channels of music and information, NetRadio Corporation provides its advertising and marketing partners with the ability to reach focused segments of users defined by specific demographic and lifestyle characteristics. In addition, NetRadio.com allows advertisers to utilize the combined strength of audio messaging with banner advertising Banner Advertising A common form of advertising on the internet. The banner is an advertisement of 460x68 pixels, usually placed at the top of the page Notes: For an example, just look at the top of a page on almost any popular web site. and video advertising closing the loop between message and action. NetRadio Corporation is headquartered in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. . NetRadio.com is a registered trademark of NetRadio Corporation. For more information about NetRadio.com call 952-259-6700 or visit http://www.netradio.com. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. contained in this press release are made under the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in such forward-looking statements. Certain of those risks and uncertainties are described from time to time in the Company's reports filed with the Securities and Exchange Commission. |
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