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CNN takes $20 million stake in Intervu

Published on .

CNN News Group last week took a $20 million stake in streaming audio and video provider Intervu. Intervu entered a three-year deal in which it will supply CNN and Turner Broadcasting System with live and on-demand streaming video and audio services. In return, Intervu will get three years of on-air and online ad time. Intervu will license CNN's domestic TV networks to its clients. Intervu and CNN have had an online video distribution partnership for the past 18 months.

Copyright November 1999, Crain Communications Inc.

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