FasTV Newsroom Announces Agreement With Meredith Broadcasting Group; Alliance To Bring Easy-to-Use Personalized Video On Demand To Local Affiliates' Web Sites.

Business Editors

NAB2000

LAS VEGAS--(BUSINESS WIRE)--April 10, 2000

FasTV, Inc., the revolutionary Internet company that provides personalized video on demand, today announced that it has signed a deal with Meredith Corporation (NYSE:MDP) Broadcasting to provide several of its local affiliates with the FasTV Newsroom system.

Starting in mid-April, local station Web sites in Kansas City, Hartford and Nashville are all scheduled to launch new features powered by FasTV Newsroom, a proprietary set of tools that enables local television stations to easily add searchable streaming video to their Web sites.

FasTV Newsroom includes a complete set of Internet-based tools that allow local stations to update their video content anytime and anywhere. The tool set includes right's management tools to protect content, editorial tools to enhance presentation and search and advanced linking tools. FasTV Newsroom also provides automated capture and indexing of newscasts, unlimited technology and software upgrades, and free training for stations.

"We are excited about this opportunity to extend the reach of our newscasts and grow the audience for our local content," said Meredith Broadcasting Group President Cary Jones.

"FasTV Newsroom provides Meredith Broadcasting a risk-free way to enhance its local stations' Web sites without adding additional staff or creating specialized content," said Russell Stewart, Executive Director of FasTV Newsroom. "Adding searchable streaming video to the sites will attract more visitors who'll stay longer, creating new revenue and branding opportunities."

About Meredith Corporation

Meredith Corporation (www.meredith.com) is one of the nation's leading media and marketing companies with businesses centering on magazine and book publishing, television broadcasting, integrated marketing and interactive media. Meredith publishes 20 subscription magazines, including Better Homes and Gardens(R) and Ladies' Home Journal(R), and more than 100 special interest publications. Meredith owns 12 television stations -- located in fast-growing markets such as Atlanta, Phoenix, Orlando, Portland and Las Vegas -- and produces original television programming based on its strong brands. Meredith has nearly 300 books in print and has established marketing partnerships with some of America's leading companies, including The Home Depot, Kraft Foods and Nestle USA. Meredith's consumer database, which contains more than 60 million names, is the largest domestic database among media companies and enables magazine and television advertisers to precisely target marketing campaigns. Additionally, Meredith has an extensive Internet presence, including branded anchor tenant positions on America Online.

About FasTV

FasTV, Inc. is an Internet solutions provider that is leading the revolution in personalized video on demand. FasTV's proprietary streaming media technology allows viewers to quickly pinpoint topics of interest and view related video segments. FasTV.com is the primary hub where viewers can get a comprehensive FasTV viewing experience, with searchable video in news, sports, business, entertainment and lifestyle. FasTV.com has signed agreements with more than 100 respected content partners, including The Associated Press, CNN, CNNfn, Reuters, Tribune, Cox Broadcasting, Meredith Broadcasting, Scripps Howard, International Management Group (IMG), Wimbledon, British Open, The Masters and PGA of America. The Company's turnkey solution for TV stations, FasTV Newsroom(TM), is a suite of tools and services that transforms their newscasts into "Webcasts," creating a personalized video viewing experience for their Internet viewers. For content partners and distributors, FasTV, Inc. leverages proprietary technology and expertise to provide flexible video applications, including co-branded sites, pop-up video players, and "powered by FasTV" executions. Privately held, FasTV, Inc. is headquartered in Los Angeles. The company has pioneered the growth of Internet broadcasting and searchable video since 1996.