Article: CMG Information Services, Inc. Announces Sale of BookLink Technologies to America Online.

WILMINGTON, Mass.--(BUSINESS WIRE)-- Nov. 9, 1994--CMG Information Services, Inc. today announced the sale of CMG's wholly owned subsidiary, BookLink Technologies, Inc. to America Online, Inc. [NASDAQ:AMER]. (AOL) for $30 million of AOL stock.

"The sale of BookLink to AOL significantly strengthens CMG's financial position, enabling us to focus on expanding and improving our information-based products and services to capture market share, while we continue to leverage the Internet to enhance and diversify CMG and its subsidiary, SalesLink," said David S. Wetherell, CMG chairman, president and CEO. "Combining BookLink's InternetWorks technology with AOL's ...






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