MTV and Liberty Digital enter alliance

- MTV Networks is acquiring SonicNet, a subsidiary of Liberty Digital, in a deal which will also see Liberty gaining a ten per cent stake in MTV's online music ventures.

- MTV Networks is acquiring SonicNet, a subsidiary of Liberty Digital, in a deal which will also see Liberty gaining a ten per cent stake in MTV's online music ventures.

SonicNet provides a range of music-based services through its websites Addicted to Noise, Streamland, Trouser Press, Cinemachine and Alternative Buyer's Guide.

Tom Freston, chairman and chief executive of MTV Networks, said: "As we have done in television, we intend to take our pre-eminent domestic online presence to the largely untapped international marketplace."



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