| Business Summary | | MediaBay,
Inc.
is
a
seller
of
spoken
audio
and
nostalgia
products,
including
audiobooks
and
old-time
radio
shows,
through
direct
response,
retail
and
Internet
channels.
The
Company's
content
and
products
are
sold
in
multiple
formats,
including
physical
(cassette
and
compact
disc)
and
secure
digital
download
formats.
The
Company's
content
library
consists
of
more
than
50,000
hours
of
spoken
audio
content
including
audiobooks,
old-time
radio
shows,
audio
versions
of
newspapers,
magazines
and
other
unique
spoken
word
content.
The
Company's
business
is
divided
into
four
divisions,
each
of
which
serves
a
unique
market
segment
within
the
spoken
word
audio
industry.
The
four
divisions
are
as
Audio
Book
Club,
Radio
Spirits,
Mediabay.com
and
Radio
Classics. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MediaBay,
Inc.
is
a
direct
marketer
of
audio
books
through
Audio
Book
Club,
a
membership
club
which
markets
and
sells
audio
books
by
mail
and
via
the
Internet.
For
the
six
months
ended
6/30/01,
net
sales
fell
12%
to
$20.5
million.
Net
income
before
extraordinary
item
totaled
$8.6
million
vs.
a
loss
of
$6.6
million.
Revenues
reflect
the
the
timing
of
direct
mail
advertising
at
old-time
radio
business
and
I-Jam
marketing
revenue.
Earnings
reflect
a
$13
million
benefit
for
income
taxes. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Norton Herrick, 62 Chairman | -- | Michael Herrick, 34 Pres,
CEO, Director | $204K | John Levy, 45 CFO,
Exec. VP | 182K | Carl Amari, 37 Director;
Pres, Radio Group | -- | Hakan Lindskog, 40 COO | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|