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Larry Kramer Joins GuruNet Board
Former MarketWatch CEO Adds Content Monetization Expertise
NEW YORK, May 10 /PRNewswire-FirstCall/ -- GuruNet Corporation (AMEX: GRU),
creator of the Answers.com reference-based search engine, announced today the
appointment of Larry Kramer to its board of directors. Mr. Kramer serves as
president of CBS Digital Media, overseeing content and sales of the network's
disparate Web properties, including CBS.com, CBSNews.com, SportsLine.com and
UPN.com. Formerly, Mr. Kramer was the founder, Chairman and CEO of MarketWatch,
Inc., which was recently acquired by Dow Jones & Company.
"We are delighted to have someone of Larry's caliber joining our board," said
Bob Rosenschein, founder and CEO of GuruNet. "His contributions to digital
content speak for themselves, and his success creating monetization strategies
will be a real asset to our team as we focus on revenue growth."
"Answers.com has impressed the industry with its novel approach to supplying
immediate answers and giving the kind of context that traditional search
engines can't provide," explained Kramer. "Watching their rapid growth, I've
been intrigued by the tremendous potential and excited to be part of their
development."
Mr. Kramer proposed the creation of a joint venture between Data Broadcasting
Corp. and CBS and led CBS MarketWatch through its launch in October 1997. He
also managed the company through its successful IPO in January 1999, three
acquisitions and the ultimate sale of the company to Dow Jones in January, 2005
for approximately $520 million in cash.
Mr. Kramer spent more than 20 years in journalism as a reporter and editor. In
2000, he appeared on the list of the 100 most influential business journalists
of the 20th century. In 2004 he was awarded the Editor & Publisher Magazine
annual lifetime "EPPY" award for "Outstanding Individual Achievement." Mr.
Kramer was a founding board member of the Online Publishers Association in
2001. He was elected Chairman of the Board of Directors of OPA in 2004 and
re-elected for a second one-year term for 2005.
Larry Kramer replaces Michael Eisenberg, of Israel Seed Partners, who is
voluntarily stepping down from the board for personal reasons. Mr. Eisenberg's
resignation and departure from the board and its Compensation Committee, became
effective today,
About GuruNet
GuruNet Corporation (AMEX:GRU) operates Answers.com (http://www.answers.com/),
a leading reference engine. Founded in 1999 by Bob Rosenschein, GuruNet
Corporation (http://www.gurunet.com/) provides patented technology and software
tools to access concise information on demand. For additional information,
visit http://www.gurunet.com/.
DATASOURCE: GuruNet Corporation
CONTACT: GuruNet Contact: Jay Bailey, Director of Communications,
+1-866-576-0352, . GuruNet Investor Relations:
BPC Financial Marketing, John Baldissera, 800-368-1217