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Home > Company Index > Media > Internet & Online Content Providers > NetRadio Corporation

NetRadio Corporation
Nasdaq: NETRC
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 NEWS FROM THE STANDARD
Radio (Not So) Free Internet
Nov 20 2000 12:00 AM PST

 PROFILE
Forget about AM and FM. To hear programs from NetRadio, you need a computer. The online broadcaster offers some 250,000 music titles organized into more than 100 channels covering most musical genres such as blues, country, rock, and R&B. It also serves up several channels of music news. Its Web site draws about 2.5 million visitors a month. In addition to streaming audio, NetRadio sells CDs online (about 34% of sales). Distribution is handled by Amazon.com. The Navarre Corporation owns 49.9% of the company (NetRadio chairman Eric Paulson and director Charles Cheney are officers of and own interests in Navarre.) ValueVision International owns about 14% of the company.

 COMPETITION
Amazon.com, Inc. (AMZN)
Launch Media, Inc. (LAUN)
Yahoo! Inc. (YHOO)

 DEALS
Deal: NetRadio Teams with RealNetworks
Date Announced: 11.02.00
Value of transaction (US $Mil): 0
Description: Audio distributor will be promoted on streaming-media firm's music player.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2.10
1-Yr. Sales Growth: 50.0%
Employees: 54
Revenue per employee: $38,888.89

 KEY PEOPLE
• Eric H. Paulson
    CEO
• Michael P. Wise
    CFO

 CONTACT INFO
10025 Valley View Rd., Ste. 190
Eden, MN 55344
US
Phone: 612-259-6700
Fax: 952-259-6785
Online: Web Site

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