Free Newsletter Subscription
        MCN All Access

BET Buys Out Internet Backers

By Staff -- Multichannel News, 8/27/2006 8:00:00 PM

Washington— BET Interactive, the Internet arm of BET Networks, is buying out its original investors.

The Viacom Inc. unit is paying an undisclosed amount of cash to Microsoft Corp., News Corp., Liberty Media Corp. and IAC/InterActiveCorp, as well as former investors from 360HipHop.com, led by hip-hop mogul Russell Simmons.

"We have great plans for BET.com and are thrilled to bring this leading media site completely under our roof,’’ said Viacom CEO Tom Freston.

Roughly 2.6 million Web users visit BET.com each month, the company said.

Talkback
Related Content

No related content found.

More >>>

Advertisement
More Content
  • Voices
  • Photos
  • Podcasts

Sorry, no blogs are active for this topic.

Satellite Entourage

FREEZE FRAME

Parties, conferences and events for the week of Feb. 8.
DESIGN BY NIGHT

FREEZE FRAME

Parties, conferences and events for the week of Feb. 1.
KEYSTONE HUNT

FREEZE FRAME

Parties, conferences and events for the week of Dec. 14.



Advertisement
About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2011 NewBay Media, LLC. 28 East 28th Street, 12th floor, New York, NY 10016 T (212) 378-0400 F (212) 378-0470
Use of this website is subject to its Terms of Use | Privacy Policy