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Electronic Newsstand
From: David Farber <farber () central cis upenn edu>
Date: Tue, 27 Jul 1993 02:33:32 -0500
For Immeditate Release Contact : Paul Vizza (202) 331-7494 Info () enews com ELECTRONIC NEWSSTAND Launched on the Global Internet (New York, July 25, 1993)-- The New Republic, Inc. of Washington, D.C. and The Internet Company of Hudson, MA today launched Electronic Newsstand Inc., a new company created to market subscription and single copy sales for magazine publishers via the Global Internet -- the worldwide computer communications network spanning more than 45 countries and 5 continents. The new company will also be involved in providing advertisers access to Internet. "We think this could become the newest and most efficient subscription source for a wide range of publishers," says Jeffrey Dearth, President of The New Republic magazine, founder and CEO of Electronic Newsstand Inc. "The estimated 10 to 15 million Internet users can browse the table of contents and selected articles from the publications of our newsstand 24 hours a day, seven days a week, and send orders to us electronically. It's like being in the mail every day as far as circulation acquisition is concerned. The publishing industry has been looking for a new subscription source, and this is it, particularly as the Internet continues to grow among consumers." Publications that have signed up during the launch phase include: The New Yorker, The Economist, The New Republic, Foreign Affairs, National Review, Technology Review, Eating Well, Outside Magazine, The Journal of NIH Research, The Source, and New Age Journal. These magazines will receive subscription and single copy orders daily via electronic mail generated by Electronic Newsstand. Other publications will be invited to participate in the Electronic Newsstand in the coming months. "The culture of the Global Internet is such that the information it provides is shared freely and openly among its users," said Robert Raisch, President of The Internet Company, and COO of Electronic Newsstand. "That's why each of our first wave of publishers will be providing a table of contents and one or more editorial features free through Electronic Newsstand to users on the Internet." "The idea is that the more people are exposed to a magazine's editorial content, the more likely they are to be interested in subscribing to a hard copy, or in purchasing a single issue. We've tested this concept on one on-line computer network, and it works. Since the Internet is really a collection of thousands of computer networks, all of which share the same information, it's the next logical step," adds Dearth. "The Internet Company was formed specifically to develop opportunities like Electronic Newsstand," says Raisch. "Electronic Newsstand represents one of the first attempts to develop general content specifically for the Global Internet. As Internet users visit our 'store', so to speak, we will provide them with valuable information about a wide range of products and services and this will allow them to make truly informed purchasing decisions." "Our service is designed to showcase an advertiser's products and services -- providing a 'point of presence' from which they can represent their products and take orders. Once a customer accesses our service, we are able to collect information from customers actively, by asking questions, or passively, by simply watching where they visit and what documents they retrieve," Raisch continues. "Most users access the Global Internet by using personal computers over traditional communications channels -- channels which excel at transfering simple text. As these channels become faster and more powerful, we'll provide a full multimedia service, including pictures, sound and video, all over the same channel. In the meantime, the Internet can serve vast amounts of information to benefit advertisers and their customers. It's a win-win scenario." --------------------------------------------------------------------------- Connecting to Electronic Newsstand -- Connections to the Electronic Newsstand are made via the 'gopher' protocol to host 'gopher.netsys.com' on port 2100. If you are unable to use gopher to access this host, you can telnet to gopher.netsys.com, login: enews If you have any difficulties, please send mail to 'staff () enews com'
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