The FeedRoom.com, the Internet's First Interactive Broadband News Channel, Signs Deals With Reuters and USATODAY.com

Business Wire, March 13, 2000

Internet, Entertainment, Broadcasting/TV and Business Editors

NEW YORK--(BUSINESS WIRE)--March 13, 2000

The FeedRoom.com Readies for Launch

By Building Relationships With Major Content Providers

The FeedRoom Inc., an interactive broadband TV news network created by former CBS News executive Jonathan Klein, announced today that it has entered into relationships with USATODAY.com and Reuters. Reuters will provide The FeedRoom with news video and text from its global news network, and USATODAY.com will provide text as well as animations using its famous eye-catching graphics.

The FeedRoom, slated to launch in the second quarter of 2000, capitalizes on the convergence of traditional and new media through the expertise of a top-tier management team, which includes former executives from CBS, NBC and Channel One. The FeedRoom will aggregate the latest news and information from all media, including leading networks, local television and radio stations, cable channels and documentary producers.

"We are extremely pleased to have these two world-class newsgathering organizations as close associates of The FeedRoom," said Jonathan Klein, president and CEO of The FeedRoom.

"FeedRoom users will get to play news producer, gaining access to the vast Reuters video vault of breaking news, sports, entertainment and business reports that interest them," said Klein. "USATODAY.com is turning their trademark graphics into dazzling rich-media animations on The FeedRoom that will help viewers understand their world better than ever."

Reuters will provide The FeedRoom with three news sources: The U.S. Online Report, Television World News, and U.S. Online Video.

- The Online Report is Reuters' premier online service, featuring
comprehensive, dynamic news and pictures across all major categories of
interest including: Top News, Business, World, Sports, Entertainment, Politics
and Science. All categories are updated by Reuters 24 hours a day, seven days a
week

- Television World News Service contains a wide range of video clips covering
worldwide news events

- Reuters U.S. Online Video includes up to a dozen video clips per day,
featuring four or five Reuters Reports, an end-of-day Business wrap that deals
with market numbers and top stories, two "Showbiz" natural sound video clips a
day, and two or three natural sound news video clips

"We are very pleased to be associated with The FeedRoom both because of the outstanding management team they've assembled and because they're pushing the envelope on news presentation," said David Graves, President, Reuters New Media. "We see Web news as a totally multimedia experience and, with the introduction of our new video products and Reuters NewsML that has multimedia linking built in, we're eager to move forward with companies like The FeedRoom to define what news will look like on the Internet."

USATODAY.com will supply The FeedRoom with news-related text and rich-media animations based on their trademark graphics.

"We are very excited to be teaming up with The FeedRoom," said Jeff Webber, Senior Vice President and Publisher, USATODAY.com. "With the leadership of Jon Klein and Matt Shapiro (Vice President, Business Development, and former vice president of network development at NBC), we are confident that they will be successful as the leader in breaking broadband news distribution."

About The FeedRoom

The FeedRoom Inc., based in New York, is an interactive broadband television news network, providing personalized rich-media newscasts to Internet users through its Web site www.feedroom.com and affiliated partners. The broadband-only site aggregates news "feeds" from leading networks, local TV and radio stations, cable channels and documentary producers, placing it into a consumer-friendly, easy-to-find location.

About USATODAY.com:

Serving almost 15 million unique visitors per month, USATODAY.com is the No. 1 newspaper site on the Internet. Using real-time coverage, USATODAY.com provides visitors with an overview of the nation, updated 24 hours per day, seven days per week. USATODAY.com has more than 200,000 pages of breaking news, sports, money, life, weather and tech news. For further information, please visit www.usatoday.com.

About Reuters:

Reuters (NASDAQ: RTRSY) supplies the global financial markets and the news media with the widest range of information and news products including real-time financial data, collective investment data, numerical, textual, historical and graphical databases plus news, graphics, news video, and news pictures. It reaches over 521,000 users in 52,800 locations and extensively uses Internet technologies for wider distribution of information and news. Reuters designs and installs enterprise-wide information management and risk management systems for the financial markets as well as providing equity and foreign exchange transaction systems. Reuters provides news and information to over 900 Internet sites reaching an estimated 40 million viewers. Reuters is the world's largest news and television agency with 2,101 journalists, photographers and camera operators in 184 bureaus serving 154 countries. News is published in 23 languages. Instinet, an international electronic agency stockbroker, is an independently managed subsidiary of Reuters. The Group employed 16,548 staff in 212 cities in 97 countries at December 31, 1999. For more details see www.reuters.com/mediapack.>

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