Sonic Foundry to ACQUIRE STV Streaming Media - Company Business and Marketing - Brief Article

Emedia Professional, May, 2000

Sonic Foundry, Inc. has announced that it has entered into a letter of intent to acquire to STV Communications, Inc. in a stock-for-stock transaction valued at $66 million. STV will be marketed as part of the Sonic Foundry Media Services Division. Sonic Foundry is a developer and marketer of digital media and Internet software tools, services, and systems, while STV is a streaming media services provider.

[Sonic Foundry, Inc., 754 Williamson Street, Madison, WI 53703; 608/256-3133; http://www.sonicfoundry.com. STV Communications, Inc., 2910 Nebraska Avenue, Santa Monica, CA 90404; 310/453-6633; Fax 310/453-6696; http://www.stv.com)