Innovation
News Burst: AOL buys pair of MP3 sites
America Online entered the digital music fray Tuesday buying two Net music companies, Spinner Networks and Nullsoft.
AOL paid $400m (£245m) in stock for the San-Francisco companies and intends to offer AOL, CompuServe and Netcentre customers downloadable music and live Internet radio once the acquisitions are complete. Spinner Networks current music service -- Spinner.com -- attracts 1.5 million users monthly and broadcasts 2 million songs daily. Nullsoft develops Winamp, free software for downloading MP3 files.
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