Autumn Baggott Internet Broadcasting Systems, Inc. The Web network, which will combine national services and localized content, is the first announced North American network of localized TV-Internet brands from multiple TV providers. Hearst-Argyle executives will join the board of directors of IBS, which is based in Minneapolis, Minnesota and New York City.
Discussions are also underway with additional potential broadcast partners for the network.
Having a partner with such rich experience in developing, managing and promoting websites specifically for broadcast TV stations will allow us to re-purpose our content, extend our brands and still focus on our core competency of broadcast television while we move aggressively into the local online opportunity. IBS is all about building dominant local sites, driving viewers and new revenues with our TV partners, and creating a network for even greater content and revenue opportunities. Together, we can develop a network of leading local brands encompassing both platforms. At our core, we are both an Internet and a broadcasting company, and we have unique skills in converging media. Hearst-Argyle is the perfect convergence partner.