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FONAHOME TO COMPLETE AGREEMENT WITH COWLES MEDIA

 MINNEAPOLIS, June 24 /PRNewswire/ -- Fonahome(R) Corporation announced today it intends to sell and license to Cowles Media Company assets and rights in conducting Fonahome's business in the Twin Cities area.
 Fonahome is in the business of electronic and video publishing of real estate rental information. Fonahome directly serves renters with search and find services, and serves owners of properties as a listing and advertising service.
 Under the proposed terms of the transaction, Fonahome would retain the assets and rights to sell and license its information services in other markets to other newspapers.
 The proposal includes continuing cooperation between Fonahome and the Star Tribune, a subsidiary of Cowles Media, to market these services in the Twin Cities and other markets.
 Completion of the transaction between Fonahome and Cowles Media is subject to the approval of Fonahome's shareholders and entering into a final agreement.
 -0- 6/24/93
 /CONTACT: Nick T. Boosalis of Fonahome, 612-934-9300, ext. 102; or Patrick P. Irestone of Cowles Media, 612-673-7285/


CO: Fonahome Corporation, Cowles Media Company ST: Minnesota IN: PUB SU: JVN

AL -- MN007 -- 5259 06/24/93 11:02 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 24, 1993
Words:185
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