Home

Word Audio

Spoken Word Audio Distributor MediaBay Raises $4 Million in Offering

Authored by Mark Hefflinger on January 30, 2004 - 2:02am.
Cedar Knolls, N.J. -- MediaBay, a distributor of spoken-word audio content, announced that it has raised $4 million in new financing through the sale of convertible notes to institutional investors. New Jersey-based MediaBay's content libraries include over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks, which it distributes through streaming and downloadable audio, as well as in over 7,000 retail outlets. "We believe this financing will allow us to increase our marketing efforts over the next few months, which will assist us in growing our business," said MediaBay chief financial officer John F. Levy.
tags: VC | MediaBay | Offers | Word Audio |

Spoken Word Audio Provider MediaBay Raises $1 Million

Authored by Mark Hefflinger on October 16, 2003 - 4:02am.
Cedar Knolls, N.J. -- MediaBay, a media company that distributes spoken word audio content, announced on Thursday that it has raised $1 million in new financing through a private placement of its stock. Purchasers included company chairman Carl Wolf, and a company owned by one of MediaBay's board members. New Jersey-based MediaBay's content libraries include over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. The company distributes its products to its own customer database, in over 7,000 retail outlets and on the Internet through streaming and downloadable audio.
tags: VC | MediaBay | Word Audio |

Shares of Spoken Word Audio Firm Audible Move to OTC Bulletin Board

Authored by Mark Hefflinger on February 18, 2003 - 2:57am.
Wayne, N.J. -- Audible, Inc., a provider of downloadable spoken word audio content for PCs and portable devices, announced on Tuesday that its shares will move from the Nasdaq SmallCap Market to the Over-the-Counter Bulletin Board. The company said the move is a result of the Nasdaq's new listing requirement test based on shareholder equity accounting, which Audible believes is unfair. "We attempted to point out to Nasdaq the illogic of a listing test that penalizes innovation and economic efficiency born of new technology distribution platforms," said Audible CEO Donald Katz, "but we were ultimately asked to meet financial structure requirements by the Nasdaq listing committee that would have been gratuitously dilutive to our shareholders."
tags: Audible | Shares | Word Audio | OTC | Bulletin Board |