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Article: Premiere Radio Networks, Inc. Completes $4,000,000 Strategic Investment And Alliance With AudioNet
- Article from:
- PR Newswire
- Article date:
- November 18, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, Nov. 18 /PRNewswire/ -- Premiere Radio Networks, Inc. (Nasdaq: PRNI, PRNIA) announced today that it has completed its $4 million investment and broad ranging strategic alliance with AudioNet, the leading aggregator and broadcaster of audio content on the Internet and World Wide Web. It was previously announced that Motorola, Inc. had also made an investment in AudioNet. Alex. Brown & Sons Incorporated acted as placement agent for the strategic investments.
As part of the broad ranging strategic alliance, AudioNet has engaged Premiere as AudioNet's exclusive network radio advertising sales representative; Premiere will assist AudioNet in ...