Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now


DG Systems and StarGuide to Merge

DG Systems and StarGuide to Merge

Digital ad distributor DG Systems Inc and ‘Net transmission service provider StarGuide Digital Networks Inc. intend to merge in a tax-free stock swap.
StarGuide Digital Networks provides Internet transmission services via its “CoolCast” Internet portal. “CoolCast” delivers live, high CD-quality digital audio ads to broadband Internet users.
A centerpiece of the new entity is the combination of listeners via the CoolCast subscriber base with advertisers and distributors – radio stations.
The combined entity will aggregate 5,000 advertisers and agencies and 7,500 radio stations across the U.S. and Canada. The combined entity would have generated $61.8 million in 1999, said a spokesman.
The transaction is expected to close in the fourth quarter, subject to stockholder and regulatory approvals.
Laura Dely