President of Reuters Media, David Graves, Joins Newmediary.com Board of Advisors

President of Reuters Media, David Graves, Joins Newmediary.com Board of Advisors

Business/Technology Editors

NEWTON, Mass.–(BUSINESS WIRE)–Aug. 21, 2000

Newmediary.com, Inc., the largest network of online marketplaces for e-business services, today announced that David Graves, President, Reuters Media, Americas (formerly Reuters NewMedia), has joined the company’s Board of Advisors. Newmediary.com’s Board of Advisors works closely with the company’s Board of Directors and executive management team to set strategic direction and identify new market and business opportunities.

Graves has more than 25 years of management experience in the news industry, pioneering new business strategies and market opportunities for leading broadcast, wire and Internet news organizations.

Graves joined Reuters six years ago as senior vice president of Reuters NewMedia, responsible for spearheading the Internet distribution strategy of Reuters news. In this role, he secured major partnerships with Internet portals and destination sites. In his current role as president of Reuters Media, Graves is responsible for product design, sales and marketing globally for both traditional media and new media, as well as operations and infrastructure for North America, Canada and South America.

Prior to Reuters, Graves created and launched AdValue Media Technologies, which was acquired by Reuters in 1994. AdValue provided an electronically integrated system for conducting transactions, improving communications, managing advertising programs, and administering invoicing between advertising agencies and television stations. Prior to founding AdValue, Graves served in a number of positions with Westinghouse Broadcasting (now CBS), including vice president/general manager of major market radio stations and as vice president of strategic planning.

“An extraordinarily experienced Internet pioneer, Mr. Graves brings valuable strategic and operational insight to our Board of Advisors and the company as a whole,” said Scott Cohen, Newmediary’s founder and president. “His vision and industry connections have already had a meaningful impact on our outlook and our business.”

Graves joins an Advisory Board that includes experienced industry leaders with valuable domain expertise, including Rich Gotham, vice president of E-commerce sales for Lycos.com and William Graham, senior vice president and general manager of Netmarket.com.

ABOUT NEWMEDIARY.COM

Newmediary.com is the largest network of online marketplaces that connect buyers and providers of e-business services. This network, which comprises www.newmediary.com and its partner sites (including IDG’s ITworld.com, Net Market Makers, CIO magazine, Internet.com and others), enables buyers of e-business services to identify, contact and select the right service providers using a tightly integrated RFP engine and interactive directory. This approach puts buyers in control of the provider evaluation and selection process while giving providers access to a unique vehicle for marketing their services to ready buyers. As a result, the Newmediary.com network fosters an open exchange in which both buyers and providers benefit from a faster, less expensive, and more efficient way of doing business. Venture-backed and privately held, Newmediary.com was founded by Boston.com pioneer, Scott Cohen, and its management team hails from such organizations as The New York Times Company Digital, Forrester Research, Switchboard.com, Staples.com, and other leading online B2B players.

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