WebMD and Lycos Announce $52 Million Internet and On-Air Healthcare Alliance; WebMD to be Exclusive Healthcare Content and Services Provider Across the Lycos Network.WALTHAM, Mass. and ATLANTA, Ga.--(BUSINESS WIRE)--March 10, 1999-- Largest Lycos Agreement Ever Will Leverage Planned Combination of Lycos and USA Networks Properties for WebMD Lycos President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bob Davis
to Join WebMD Board of Directors Lycos, Inc. (Nasdaq:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), the second most-visited hub on the Internet and the world's largest online community, and WebMD, a leading Internet healthcare portal, today announced a broad content, community and commerce alliance that includes the development of a co-branded consumer health channel, e-commerce initiatives and promotional and advertising activities across both the Lycos Network and the USA Networks television properties. The companies also announced that Bob Davis, president and CEO of Lycos, will join the WebMD board of directors. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the terms of the contract, $52.5 million will be paid to Lycos over a three-year period. Under the agreement: -0-
-- WebMD becomes the exclusive provider of all healthcare content,
sponsorships, and e-commerce on the Lycos Network, the
fastest-growing Network on the Internet. WebMD will develop a
co-branded version of its consumer health channel, and links to
the co-branded channel will be strategically placed on all Lycos
Network properties.
-- The WebMD/Lycos co-branded Web site will integrate Lycos services
such as e-mail, homepages and search; and members of both Lycos'
and WebMD's communities will have easy access to the combined
services with a single registration.
-- WebMD will also be the first to capitalize on the
cross-promotional synergies Lycos expects from the proposed
USA/Lycos Interactive Networks. WebMD will receive promotion at
the multi-billion impression level across both the Lycos Network
and the USA Networks television properties. WebMD will benefit
from advertisements and informational spots on USA Network, The
Sci-Fi Channel and Home Shopping Network directing consumers and
healthcare professionals to the co-branded site.
-- The companies will pursue an expansion to the agreement to
jointly create an e-commerce platform to provide consumers and
physicians valuable health-related services and products. The
e-commerce alliance will combine WebMD's healthcare experience
with the USA Networks and Lycos infrastructures.
-0- "WebMD has been remarkably successful in combining in-depth content and a strong community to create a valuable Web resource for both healthcare providers and consumers. Its vision for the future -- to use the power of the Internet to access health professionals, and the resources and support communities they need -- complements Lycos' strategy perfectly," said Bob Davis, President and CEO of Lycos, Inc. "Our alliance with WebMD demonstrates the unmatched ability of Lycos to deliver totally integrated marketing capabilities." Jeff Arnold, Chairman and Chief Executive Officer of WebMD, Inc., said, "This alliance with Lycos represents another major step forward for WebMD, and we're excited to be the first to take advantage of the planned on-air and online cross-marketing capabilities with Lycos and USA Networks. We look forward to delivering timely and comprehensive healthcare content to Lycos' nearly 30 million users, as well as USA Networks' 70 million television homes. At the same time, we will be welcoming these consumers into an extensive yet close-knit Internet community, where they will find guidance and support from others with similar health conditions and concerns." Added Arnold, "We're also delighted to welcome Bob Davis to the WebMD board. Bob has played a major role in Lycos' supercharged su·per·charge tr.v. su·per·charged, su·per·charg·ing, su·per·charg·es 1. To increase the power of (an engine, for example), as by fitting with a supercharger. 2. growth, and we are sure that WebMD will benefit enormously from his valuable insights on how to build and manage a fast-growing Internet company." Barry Diller Barry Diller (born February 2, 1942 in San Francisco, California) is an American media executive responsible for the creation of Fox Broadcasting Company. Biography , Chairman and Chief Executive Officer of USA Networks, Inc., stated, "The central concept underlying the USA/Lycos proposed transaction is to combine the power of television and the Internet to meet the needs of users, while attracting partners through access to a larger and more lucrative audience. So it's fitting that one of the first to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our strategy will be a dynamic and fast-rising company like WebMD, with the capability to offer our users and viewers the most authoritative and trustworthy information in an area -- healthcare -- that is so important to them today." On WebMD's co-branded site, consumers will be able to access a Health and Wellness Center, which offers reliable medical advice, breaking health news, online communities, a physician directory, and a wealth of information on virtually anything that has to do with health. Healthcare professionals will be able to access WebMD.com and its suite of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. through the new Lycos/WebMD Channel. Lycos will promote WebMD across its network, including Lycos.com, Tripod, WhoWhere, Angelfire, MailCity, HotBot, HotWired, Wired News Wired News is an online technology news website, formerly known as HotWired, that split off from Wired magazine when the magazine was purchased by Condé Nast Publishing in the 1990s. Condé Nast later purchased Wired News on 2006-07-11. and MyTime.com. About Lycos, Inc. Founded in 1995, Lycos, Inc. (Nasdaq:LCOS) is a leading Web media company and owner of the Lycos Network, the second most visited hub on the Internet reaching 48.8 percent of Web users. The Lycos Network is a unified set of Web sites that attracts a diverse audience by offering a variety of services, including leading Web navigation resources, homepage building and other Web community services and a comprehensive shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . The Lycos Network is composed of premium sites: Lycos.com, Tripod, WhoWhere, Angelfire, MailCity, HotBot, HotWired, Wired News and MyTime.com. Lycos.com (http://www.lycos.com), "Your Personal Internet Guide," is dedicated to helping each individual user locate, retrieve and manage information tailored to his or her personal interests. Headquartered near Boston in Waltham, Mass., Lycos, Inc. is a global Internet leader with a major presence throughout the U.S., Europe and Asia. On February 8, 1999, Lycos, Inc. entered into agreements with USA Networks, Inc. (USAi) and Ticketmaster Online-CitySearch, Inc. (TMCS TMCS Trimethylchlorosilane (derivatization reagent) TMCS Telecommunications Management & Control Subsystem TMCS Taylor Made Computer Solutions, Ltd. ). Under the agreements, Lycos, TMCS and USAi's Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Ticketmaster and Internet Shopping Network/First Auction will be combined to form a company to be named USA/Lycos Interactive Networks, Inc. The formation of USA/Lycos is subject to the approval of the Lycos stockholders and customary regulatory approvals. About WebMD Launched October 5, 1998, WebMD, Inc. (www.WebMD.com) offers a comprehensive suite of Internet-based services for physicians, including a premier medical information library; a virtual office with real-time insurance verification and referral authorizations, unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. and telephone-based patient test results; customized Web sites for physician practices; competitively priced supplies and hundreds of continuing medical education continuing medical education See CME. courses. Its separate consumer Web site offers a broad range of premium branded content Branded Content, also known as Branded entertainment and Advertainment, is a relatively new form of advertising medium that blurs conventional distinctions between what constitutes advertising and what constitutes entertainment. and services designed to allow Internet users to take charge of their health and to access healthcare professionals, resources and support communities. WebMD has 32 strategic alliances for content, services and distribution with companies, including McKessonHBOC (Nasdaq:MCK MCK McKinsey & Company (consulting firm) MCK Mohawk Council of Kahnawake (Quebec) MCK Mon Colle Knights (children's TV show) MCK Mirror Classes Kit MCK Maintenance Check ), ENVOY Corporation (Nasdaq:ENVY), Medirisk, Inc. (Nasdaq/NM:MDMD MDMD Mobile Data Mini Directories MDMD Molecular Dynamics of Mental Disorders (laboratory) ), MedQuist/Transcription Services Ltd. (Nasdaq:MEDQ), DePuy Orthopaedics, Inc., a Johnson & Johnson company (NYSE NYSE See: New York Stock Exchange :JNJ JNJ Johnson and Johnson (stock symbol) JNJ Journal of Nursing Jocularity ) and Thomson Healthcare Information Company, Inc. WebMD's corporate headquarters are located in Atlanta. WebMD physician subscriptions are available by calling 877/GO-WEBMD or accessing the web site at http://www.webmd.com. Consumers can access comprehensive healthcare information and services through a separate web site at the same address. Note to Editors: (c)1999 Lycos, Inc. - Lycos(R) is a registered trademark of Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . All other product or service marks mentioned herein are those of Lycos or their respective owners. All rights reserved. Lycos, Inc. 400-2 Totten Pond Road Waltham, MA 02451 Tel: 781/370-2700 Internet: http://www.lycos.com Web MD 400 The Lenox Building 3399 Peachtree Rd. NE Atlanta, GA 30326 Tel: 404/479-7600 Internet: http://www.webmd.com |
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