RUMOR MILL
Thursday, October 12, 2000
BET FINALIZES PURCHASE
OF 360HIPHOP.COM
Network Chooses Not To Super-Size It, Finds No Ketchup, No Straw In Bag On Car Ride Home
BET.com has finalized its move to purchase Russell Simmons' 360hiphop.com in an equity deal, the company said Wednesday (10/11). While terms of the pact were not disclosed, talks between the companies had been ongoing and an accord was expected.
The deal will give 360hiphop.com access to traditional media channels such as BET's cable network, while BET.com will be provided with additional urban content and Simmons' name recognition.
"They have great resources, a great team and great management," said hip-hop legend Simmons. "We saved a lot of money and got more access and combined traffic."
Both BET.com and 360hiphop.com sites will remain independent with separate content but will function as one business unit to save on costs and leverage assets more efficiently.
STAGECOACH: THE FINAL DESERT EXCURSION
Our weary travelers reflect on their adventure. (4/30a)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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BILLIE'S BACK WITH BIG WORLD TOURrumor mail
