MP3.com Takes Major Stake in MP3radio.com
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Financial details were not disclosed.
Cox Radio will maintain its 28 mp3radio.com affiliate sites and Cox Interactive Media also expects to offer localized music information and free music downloads across its network of city sites.
Affiliate stations will have access to MP3.com's (MPPP) event and community calendar, one-hour syndicated radio programming featuring the "Best of MP3.com", and the My.MP3.com service that allows listeners to store, manage, and listen to their existing music collection via the stations' Web site.
"To more effectively leverage our resources, both companies felt that by bringing mp3radio's operations under MP3.com we could offer a coordinated suite of products and services to the over-the-air radio market."