Source Media, Inc. announces possible transaction.DALLAS--(BUSINESS WIRE)--July 25, 1996--Source Media, Inc. (NASDAQ/NMS:SRCM SRCM Shri Ram Chandra Mission (India) SRCM Stochastic Radio Channel Model SRCM Società Romana Costruzioni Meccaniche (Italian, training hand grenades) ) acknowledged today that it had entered into discussions with its majority-owned Canadian subsidiary, Cableshare, Inc. (CSH csh - C shell .A, CSH.B/TSE), an Ontario, Canada corporation, regarding the possibility of Source Media acquiring the outstanding shares of Cableshare stock that it does not already own. Cableshare announced after the close of the market on July 23, 1996 that it had entered into such discussions. The discussions to date between the two companies have been tentative and preliminary, and agreement-in-principle has not been reached between the companies on essential commercial terms and conditions. Any such transaction would depend on the negotiation of a mutually satisfactory definitive agreement containing such terms and conditions, obtaining applicable governmental and regulatory approval, and the approval of Cableshare's stockholders other than Source Media. Source Media has not made a specific proposal. Source Media is a leader in the interactive programming and service industry. Source Media's Interactive Channel, an online television browser and programming service, is capable of delivering interactive news, weather, sports, shopping and educational services on demand over today's cable systems. Interactive Channel is scheduled to launch this fall in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , CO with Colorado Springs Cablevision, a Century Communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . CONTACT: Scott Brooks
Scott William Brooks (born July 31 1965 in French Camp, California) is a retired American professional basketball player. Carole Shander Source Media, Inc. The Baron Group (214) 890-9050 ext. 164 (212) 581-6760 ext. 304 or Naomi Rosenfeld/Andrea Mabel Media Contact: Lee Foley fo·ley n. 1. A technical process by which sounds are created or altered for use in a film, video, or other electronically produced work. 2. A person who creates or alters sounds using this process. Morgen-Walke Associates (212) 850-5600 |
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