Talk America Signs Agreement With "Music of Your Life" To Feature Talk America's Short-Form Programming
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NEWARK, N.J. - October 29, 2002 -- IDT Media' s Talk America Radio Network is pleased to announce that is has reached a broadcasting agreement with Music of Your Life® Radio Networks to carry its short form programming, IDT Media is a division of IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier and telephone company.
Music of Your Life will initially broadcast two of Talk America’s short features, Hints from Heloise and Mort Crim, American Spirit. Hints From Heloise are 60-second features run throughout the day on important consumer issues, home and garden maintenance, pets, automobiles, elder and child care, savvy shopping, entertaining, saving money, traveling smarter and new technology. Mort Crim, American Spirit, is an inspirational 60-second feature on the positive aspects of human nature.
“This deal is music to our ears,” said Jim Courter, IDT’s CEO. “In the same way we’ve built our telecom company into one of the strongest in the world, we’re going to build our media company by aggressively looking for that right opportunity with the right company. This relationship brings a significant addition to our listening audience and creates a strong platform for the future growth of Talk America.”
“Increasing our audience is an important objective for Talk America and our agreement with Music of Your Life puts us well on the way to creating a leading national radio company,” commented Mitch Burg, IDT Media’s CEO. “Our success depends on the partners we choose to work with. That’s why it’s important that we team up with companies that are as respected and well established in the industry as Music of Your Life.”
“Talk America offers programming for just about everyone and we are very excited to be working with them,” commented Kerry Fink, CEO of Music of Your Life. “Adding the Talk America features is a natural complement to Music of Your Life Networks. Both Heloise and Mort Crim are respected broadcasters whose outstanding short forms will help us build our audience even further. We look forward to offering additional Talk America programming in the future.”
In addition to Hints From Heloise and Mort Crim, American Spirit, Talk America’s line up includes a long form radio programs with Heloise, Shmuley Boteach, Bruce Williams, Barry Farber, Dr. Gabe Mirkin, Lowell Ponte and Doug Stephan. Talk America Radio Networks was acquired by IDT Media in November of 2001.
Music of Your Life radio network is the only 24-hour radio network that specifically targets the adult audience. Music of Your Life radio programming is heard on more than 175 radio stations in markets including Los Angeles/Riverside, Chicago, Atlanta, Sacramento and Orlando/Melbourne/Vero Beach.
IDT CORPORATION
IDT, through its IDT Telecom subsidiary, is a leading facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. Through its own national telecommunications backbone and fiber optic network infrastructure, IDT Telecom provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company's initiatives in media, new video technologies and print media.
Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT acquired Winstar Communications in December 2001. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of October 18, 2002, there were approximately 54.1 million shares of Class B common stock (IDT.B) outstanding, and approximately 25.0 million shares of common stock (IDT). Of these, about 4.0 million shares of Class B common stock and about 5.4 million shares of common stock were held by units of IDT Corporation.
Except for historical information, all of the expectations and Assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Exchange Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward-looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Annual Report on Form 10K for the period ended July 31, 2001 and (d) other factors that generally affect the business of telecommunications, Internet and other communications companies. We assume no obligation to update these forward-looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward-looking statements.
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Oct 29, 2002 |
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