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Article: Medscape Announces Termination Of Relationship With Viacom Inc.
- Article from:
- Business Wire
- Article date:
- November 8, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
HILLSBORO, Ore.--(BUSINESS WIRE)--Nov. 8, 2001
Medscape (NASDAQ: MDLI), a leading provider of digital health record applications and online medical information, today announced that, effective immediately, it has agreed to a termination of its relationship with Viacom Inc. (NYSE: VIA, VIAB).
Under terms of its original agreements with Viacom Inc. (successor to CBS Corporation), Medscape received advertising inventory, health news content and trademark license rights in exchange for shares of common stock.
As a part of the termination of the Viacom agreements, Medscape will return to Viacom the approximately $111.3 ...