THE NEWS CORPORATION LIMITED ANNOUNCES AGREEMENT IN PRINCIPLE TO ACQUIRE DELPHI INTERNET SERVICES, INC.
NEW YORK, Sept. 1 /PRNewswire/ -- The News Corporation Limited (NYSE: NWS) announced today an agreement in principle to acquire Delphi Internet Services, Inc., the fifth largest on-line service in the United States. Based in Cambridge, Mass., Delphi is the largest provider of full Internet access to home PC users. It is also the fastest growing of the industry's "Big 5" consumer on-line services including Prodigy and CompuServe. Delphi will become a part of News Corporation's News Technology Group, which is headed by Stanley K. Honey. Terms of the agreement were not released. "Delphi's leading technology will enhance The News Corporation's role in the rapidly evolving worldwide interactive media marketplace. It will provide a series of additional products and services, including an electronic newspaper unlike any other and an electronic version of TV Guide, which will empower consumers to deal with the ever-increasing number of channels," said Rupert Murdoch, chairman and chief executive officer of The News Corporation. "With the acquisition of Delphi, News Corp., for the first time, can give consumers a convenient and practical way to enjoy and use the wealth of information and services available to them, including resources within News Corp.'s global media empire," said Gus Fischer, chief operating officer of News Corporation. Delphi offers home PC users an easy and inexpensive way to access and utilize the Internet -- the data superhighway connecting an estimated 20 million people and nearly two million computers. With the guidance of Delphi's 300 on-line experts, or moderators, even the novice computer user can easily browse through the world's largest electronic "community" and information resource. These Delphi moderators also act as on-line librarians by cataloging valuable Internet databases onto an easy-to-use menu system. "We have gained a tremendous competitive advantage in joining the News Corp. global media family," noted Daniel J. Bruns, president and CEO of Delphi. "In turn, because of our leading state-of-the-art technology, we provide a key part of the strategic interactive media marketplace for News Corp. as it expands its information network on a worldwide basis." "Consumers will soon have an unlimited number of choices for accessing information because of the many changes in the industry," said Robert A. Young, Delphi's vice president of business development. "Delphi can give consumers ease of use, whether it's interactive cable TV, PCs or hand-held computers, coupled with the innovation and scope of News Corp.'s media offerings." -0- 9/1/93 /CONTACT: Marcia Horowitz of Howard J. Rubenstein Associates, Inc., 212-489-6900, or Pamela Hamilton of Schwartz Communications, 617-431-0770/ (NWS)
CO: The News Corporation Limited; Delphi Internet Services, Inc. ST: New York IN: ENT SU: TNM
TM-LD -- NY073 -- 8152 09/01/93 17:41 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 1, 1993|
|Previous Article:||DATASCOPE RESPONDS TO FDA REVIEW OF VASOSEAL PMA|
|Next Article:||EPA COMMENDS CINCINNATI AND CG&E FOR ADOPTING GREEN LIGHTS|