MEDIASTREAM TO OFFER DIGITAL SOLUTIONS FOR PUBLISHERS
Presslink - Vu/Text merger brings new product to market
SAN JOSE, Calif., March 5 /PRNewswire/ -- Knight-Ridder Inc. announced today that it has formed a new company, MediaStream Inc., that will offer digital solutions for the print and online publishing industries.
The new company will incorporate PressLink, the 11-year-old online pioneer in providing graphic content to newspapers, and Vu/Text, formerly a division of Knight-Ridder Information Inc., that offers the popular SAVE archiving system. The PressLink and SAVE product brands will be continued.
Bob Ingle, Knight-Ridder vice president/New Media, said, "MediaStream signals a new vision for serving news organizations. This company will provide customers worldwide with the most efficient systems to acquire, store, publish and sell text and image content."
Rich Cates, who has been named president of MediaStream, added: "PressLink's online inventory of up-to-the minute news images, as well as its archived images, combined with Vu/Text's SAVE system for archiving text offers a total solution to news organizations." Cates formerly was president of PressLink.
Joe DiMarino, the former vice president of Vu/Text who will serve as MediaStream's vice president of sales and marketing, said, "We gain exciting new synergy by combining our industry leading product lines. In addition to today's new organizational announcement, we're also proud to announce SAVEcentral, the first in what will be a series of complementary publishing products from MediaStream."
SAVEcentral will serve as the central internal archiving system for a number of Knight-Ridder and independent newspaper companies.
More importantly, SAVEcentral will be the web server for newspapers that want to turn their libraries into profit centers by selling access to their archives through their Internet-based online services. The San Jose Mercury News' Mercury Center and the Saint Paul Pioneer-Press' Pioneer Planet services are already offering World Wide Web archives. Many other archives will be added during 1996. All newspapers offering SAVEcentral access will cross-market the other newspaper archives on the service in order to create a broader distribution network.
In addition, Mercury Center offers access on America Online to the archives of the San Jose Mercury News, Akron Beacon Journal, The Boston Globe, The Charlotte Observer, The (Columbia) State, Rocky Mountain News, Detroit Free Press, The (Fort Wayne) News-Sentinel, (Gary) Post- Tribune, Lexington Herald-Leader, (Long Beach) Press-Telegram, (Los Angeles) Daily News, The (Memphis) Commercial Appeal, The Miami Herald, El Nuevo (Miami) Herald, The Philadelphia Inquirer, Philadelphia Daily News, Saint Paul Pioneer Press and The Wichita Eagle.
MediaStream's PressLink, the number one online source for news, photos, and graphics, is a membership organization serving the publishing community. PressLink Online offers easily downloadable digitized photographs, graphics and maps over the Internet from these sources: ABC Television, Agence Frane-Presse, Allsport, Archive Photos, Archive Newsphotos, Bruce Bennett Studio, Business Wire, CBS Television, Index Stock Photography, Knight-Ridder/Tribune, Magma Agency, NBA Photos, NBC Television, NFL Photos, New York Times News Service, PR Newswire and Reuters. For immediate access, call 800-717-7706 or e-mail email@example.com.
MediaStream is now the leading vendor of archiving systems in the United States. In addition to its service bureau clients, MediaStream will maintain more than 70 SAVE systems at newspapers and other publications in the U.S. and Latin America.
MediaStream is a wholly owned subsidiary of Knight-Ridder Inc. (NYSE: KRI), the second-largest newspaper group in the United States. News, advertising, and information from Knight-Ridder reach more than 100 million people worldwide on a daily basis.
MediaStream headquarters, as well as the PressLink division, is located at 11800 Sunrise Valley Drive, Reston, VA 22091-5302. Phone 703-758-1740; Fax 703-758-8368; Web Site http://www.presslink.com. The SAVE product division is located at 2005 Market Street, Suite 1010, Philadelphia, PA 19103-2148. Phone 215-587-4404; Fax 215-587-2148.
/CONTACT: Lee Ann Schlatter of Knight-Ridder, 305-376-3839; or Steve Messere of MediaStream, 703-758-1756/
CO: Knight-Ridder, Inc.; MediaStream Inc. ST: California IN: CPR SU:
WW -- NYTU030 -- 9847 03/05/96 09:02 EST