TVNZ In Internet Merger

TVNZ announced today that it has signed an agreement with Snap, the Internet portal service from NBC Internet, Inc. (Nasdaq: NBCI), which enables TVNZ to receive a customized, co-branded version of the Snap search and aggregation service.

Snap's comprehensive Internet directory and search capabilities, global content guides and a host of other popular Web site features have also been added to the TVNZ Web sites.

"Historically, TVNZ has been at the forefront of Web site development. By working with such a strong partner as Snap, we are strengthening our commitment to delivering the best possible online experience," says TVNZ Chief Executive, Rick Ellis.

General Manager of TVNZ Strategy and Marketing, Simon Aimer says that the partnership with Snap had already added many new features to the current comprehensive TVNZ offering, "But, this is only the beginning, you will notice many additions and enhancements to our Web site over the months to come."

"Our aim is to encourage New Zealanders to go online by making our Web offerings better and easier to use. Everyone is busy these days and by developing our web site offering, we can bring together all the features people are looking for on the Web * the latest news, sport, weather and entertainment information - all in one easy to use site."

Mr Aimer continues, "Snap is the ideal international Internet partner. They share a similar vision to TVNZ and have devoted a tremendous amount of research to the continuous development of their site navigation, features and functionality. TVNZ Web sites are already the most popular content sites in New Zealand and with Snap, we will also become one of the easiest to use Web sites in the country.

"TVNZ has a reputation for providing comprehensive information on the Web. We currently offer all New Zealanders online the most up-to-date local and international news, business information and sports coverage, and our partnership with Snap will create even more reasons to visit our site," says Mr Aimer.

Snap is the flagship portal service of NBC Internet, Inc., providing a comprehensive online experience to users worldwide via Internet search and directory, community, shopping, e-commerce, multimedia and entertainment services across all bandwidths. In March 1999, Snap was the first Web site to launch a broadband portal service for higher speed users.

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