About.com, a network of niche vertical sites, announced OnHealth Network Co., a consumer health and wellness Internet destination, will become the exclusive provider of health news and information complementing About.com's Health & Fitness Channel, beginning later this year The multimillion-dollar deal will provide OnHealth.com access to About.com's user base. Under the deal, OnHealth.com will offer both guaranteed payments and other fees, including 162,602 shares of common stock. Specific terms were not disclosed. The agreement calls for the joint creation of a co-branded area to enhance existing topic-specific sites on the About.com Health & Fitness Channel. OnHealth.com will also provide targeted health news feeds and regular features and interactive tools.
Copyright October 1999, Crain Communications Inc.