DIVA's Talk Productions In Strategic Alliance with CBS Owned Infinity Broadcasting/KYNG-FM.Business Editors DALLAS--(BUSINESS WIRE)--March 24, 2000 Digital Information & Virtual Access Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , (Pink Sheets:DIVA), announced today a strategic alliance between Talk Productions Network, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of DIVA and Infinity Broadcasting/KYNG-FM 105.3, a local Dallas radio station. Shari Wilson Del-Mazo, director of Radio Syndication for Talk Productions was responsible for structuring the transaction with Reid Reker, Vice President and General Manager and Wayne Walker Wayne Harrison Walker (born September 30, 1936 in Boise, Idaho) is a former professional football player and sports broadcaster. He played outside linebacker for the Detroit Lions for fifteen seasons from 1958-72. Wearing #55, he played in 200 regular season games as a 6'2", 225 lb. , General Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → . Terms of the deal include Talk Productions acquiring weekend programming on Dallas' only FM talk station, "The New 105.3 FM". The alliance with KYNG accomplishes Talk Productions' objective of producing and syndicating diversified, quality national weekend talk programming. Ms. Del-Mazo stated, "We are very excited about this collaboration with CBS (Cell Broadcast Service) See cell broadcast. and the creation of weekend radio programming for The New 105.3 FM Talk. As a core component of our business model, this alliance will enable Talk Productions to continue to develop cross entertainment products locally and prepare them for national syndication." Jerry Schraeder, COO of DIVA adds, "Our relationship with KYNG enhances our vision to provide radio listeners with compelling, dynamic alternatives on talk radio in local broadcasting markets. By launching our weekend programming efforts with successful partners and diverse talents, we have the ability to continue to manifest industry changes in cross media." Infinity Broadcasting (INF INF interferon. ) trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and is majority owned by CBS. This announcement includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include, without limitation, estimates and assumptions with respect to revenue potential, profitability, strategies, business formulas, cash flows, and capital expenditures. Although DIVA believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Such forward-looking statements and assumptions are qualified as may be provided in DIVA's annual reports filed or to be filed with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion