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hi, folks... here's a more formal followup to the recent posting about 
InfiNet's business model.



KNIGHT-RIDDER, LANDMARK FORM COMPANY FOR ELECTRONIC PUBLISHING
 
	Norfolk, Va. -- Knight-Ridder, Inc., and Landmark Communications Inc. 
today announced the formation of a joint venture that will help newspapers 
into the Internet access and electronic publishing businesses.  The new 
company, known as InfiNet, will expand Landmark's 18-month-old Internet 
venture across the country through alliances with daily newspapers.  
InfiNet helps newspapers establish services on the World Wide Web without 
their making a capital investment and provides an immediate revenue 
stream to publishers as a share of access fees.
	"The partnership is a winning combination not only for Knight-Ridder and
Landmark, but also for the U.S. newspaper community," said P. Anthony Ridder,
president and CEO of Knight-Ridder.  "We will share our companies' combined
experiences in electronic publishing with each of InfiNet's newspaper
affiliates."  
	"We have been encouraged by our success in gaining subscriptions and
growing ad revenue," said Frank Batten, chairman of Landmark.
"Knight-Ridder is an excellent partner to help us take InfiNet to the next
level."  
	InfiNet currently serves eight markets, and will add five more by July.
Over the next two years, InfiNet is prepared to enter as many as 100
markets, including the majority of the 26 cities in which Knight-Ridder
publishes daily newspapers.  
	InfiNet's approach complements that of the recently announced New Century
Network, a consortium of the nine largest newspapers companies, because it
focuses on the access portion of the business.  Knight-Ridder is a founding
partner of NCN.  
	Bob Ingle, Knight-Ridder vice president for new media and a member of the
NCN board said: "The InfiNet model offers publishers a low-risk way to begin
online efforts and offer their customers first-rate, full-service Internet
access at the same time."  
	InfiNet will work closely with publishers to help the newspaper industry
enter electronic publishing, said David Richards, a former Landmark
executive who was named president of the joint venture.  "InfiNet will
conform to any standards that may be set by New Century Network," he said.
	In April, InfiNet signed an agreement with CBS television network calling
for InfiNet to act as CBS's primary contractor in helping the network's more
than 200  affiliate TV stations establish a presence on the World Wide Web.  

Full press release: http://www.infi.net/krland.html

----------------------------------------------------------
Chris Kouba                               kouba@infi.net
Managing editor, online services          804-446-2991
Pilot Online/InfiNet                      http://www.infi.net/

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From owner-online-news@marketplace.com Thu Jun  8 02:52:50 1995
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