to Develop Radio Channels for EMI

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EMI Group, London, said yesterday it will pair with U.S. interactive audio company Inc. to produce branded Internet radio channels.

Chicago-based RadioWave will develop Internet radio channels providing music, biographies and discographies on the back of EMI's stable of artists with links to music retailers.

RadioWave also said it secured $20.5 million in private financing and agreed to a deal with Susquehanna Radio Corp. to provide the company with new, live broadcaster advertising insertion technology.

EMI brings a large roster of artists to RadioWave, including the Rolling Stones and the Spice Girls. EMI also has plans to merge with AOL Time Warner.

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