Cahners Joins ScreamingMedia Network of Content Providers.

Business Editors, Hi-Tech Writers

NEW YORK--(BUSINESS WIRE)--July 5, 2000

Addition of specialized news and features expands

content offering

ScreamingMedia, an aggregator and e-distributor of digital content online, today announced that Cahners Business Information, a leader in business-to-business publishing, has joined its network of content providers.

Under the agreement, Cahners will supply original content from its b-to-b magazines and Web sites to ScreamingMedia, which will redistribute it to its network of Web sites and wireless subscribers. ScreamingMedia's subscriber list includes top companies such as Microsoft, Sun Microsystems, VerticalNet and Yupi. The content will then be integrated seamlessly into each subscriber's site or wireless portal and carry the Cahners copyright.

Powered by proprietary technology, ScreamingMedia gathers news, feature and photo content from its network of national, regional, foreign language, and niche content providers, and filters and e-distributes it to its network of over 800 Web site and wireless subscribers. The Cahners titles will accompany more than 460 other publications in ScreamingMedia's network.

"We're delighted to have such a great selection of content from a brand-name provider like Cahners," said ScreamingMedia's CEO Kevin C. Clark. "This kind of highly specialized content has a great home in a network as diverse as ours."

"We're committed to building our presence on the Internet," said Brian Nairn, president and COO of Cahners. "This licensing agreement with ScreamingMedia means our rich editorial content will reach a wider audience and also create a stream of online revenue for Cahners."

ScreamingMedia is currently distributing content from more than 30 of Cahners' titles, including: business magazines such as Publishers Weekly and Electronic Business; lifestyle publications such as Casual Living, Home Accents Today and Kids Today; design publications such as Building Design and Construction, Global Design News and Furniture Today; industry titles including Restaurants & Institutions, Modern Materials Handling and Professional Builder; and many more. Cahners plans to provide content from more of its publications in the coming months.

"Many of our publications are market leaders that provide `must-have' information for our readers," said Charles Lillis, Cahners vice president of licensing and branding. "This distribution deal with ScreamingMedia means that more readers will have access to this vital information."

About ScreamingMedia

ScreamingMedia (www.screamingmedia.com) has developed proprietary technologies for the aggregation and distribution of digital content over the Internet. ScreamingMedia aggregates content from a wide range of content providers and filters, delivers and efficiently integrates this content into its customers' Web sites almost instantaneously. ScreamingMedia has assembled a growing digital content network, which as of March 31, 2000 consisted of over 800 Web site and wireless customers and content from over 240 content providers supplying content from 468 publications. The Company is based in New York City and has over 180 employees. Alan Ellman, who serves as ScreamingMedia's President, founded the Company in 1993. ScreamingMedia's Chief Executive Officer is Kevin C. Clark, and its Chairman of the Board is Jay Chiat, founder of Chiat/Day Advertising.

About Cahners

Cahners Business Information (www.cahners.com), a member of the Reed Elsevier plc group, is a leading U.S. provider of business information to 16 vertical markets, including entertainment, manufacturing and retail. Cahners' rich content portfolio encompasses more than 140 Web sites as well as Variety, Publishers Weekly, Design News and 144 other market-leading business-to-business magazines. Cahners developed the leading business-to-business Web portals e-inSITE.net in the electronics industry, Manufacturing.Net in manufacturing and Buildingteam.com in construction, and maintains an active program of Internet and print launches.

About Reed Elsevier

Reed Elsevier plc (www.reed-elsevier.com) is a world leading publisher and information provider. It is owned equally by Reed International P.L.C (NYSE: RUK) and Elsevier NV (NYSE: ENL). Operating in the scientific, legal and business-to-business industry sectors, Reed Elsevier provides high value and flexible information solutions to professional end users, with increasing emphasis on the Internet as a delivery method. Building on its strong position in key markets and its established brands and content, the company is investing aggressively in the migration of its portfolio to electronic delivery, with links to a wider range of content-related services and transactional capabilities.