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WESTWOOD ONE’S
METRO NETWORKS
AND
TRAFFICCAST
ANNOUNCE AGREEMENT
- Agreement Creates The Nation’s Largest Database Of Real-Time Traffic
Incident, Enhanced Flow and Predictive Data -
New York,
NY - November 30, 2005 - Metro Networks, a Westwood One (NYSE:
WON) company and the nation’s largest provider of real-time traffic
information, and TrafficCast, the leader in predictive and flow traffic
information in the U.S. and China, announced today an agreement to create
largest traffic incident, enhanced flow, and predictive traffic services
in North America.
Combining the resources of
Metro Networks’ and TrafficCast’s patented systems, technologies
and ITS operational expertise, creates the nation’s largest database
of real-time traffic incident and flow data. Metro Networks historical
traffic data is now analyzed by TrafficCast’s systems, allowing
Metro Networks to offer predictive traffic information to its clients.
In addition, the companies are working closely together to add more speed
and flow markets nationwide.
Metro Networks’ traffic
gathering infrastructure includes more than 70 local traffic operation
centers, 1800 traffic reporters, producers and broadcasters, over 100
aircraft and multiple engagements with Departments of Transportation for
ITS and 511 service deployment.
“This new agreement with
TrafficCast enables customers of all platforms to do ‘one-stop shopping’
for all their traffic information needs”, said Gary Worobow, Westwood
One EVP Business Affairs. “The incorporation of actual traffic speed
and predictive traffic services into Westwood One’s massive traffic
information gathering and reporting operation further enhances the breadth
and accuracy of all of our traffic services, as well as growing our portfolio
of traffic information and content for emerging markets.”
"TrafficCast is delighted
and excited to announce this association with Westwood One," said
Dr. Connie Li, President/CEO of TrafficCast. "Westwood One has established
the gold standard in traffic reporting and we're confident that TrafficCast
technology and predictive models will combine to significantly improve
traffic information and travel advisories for clients of both companies,
and ultimately drivers across the country."
Combined incident, flow &
predictive services, and products are available now to existing and emerging
markets - including broadcast, Departments of Transportation, telematics
& automotive navigation systems, internet, wireless, fleet, and personal
navigation device markets.
TrafficCast is a leading
provider of digital traffic data. The company has developed and patented
software platforms and predictive models to produce route-specific travel
time estimates and forecasts for traditional and emerging traffic information
markets. TrafficCast's product and delivery focus is personalized travel
information via interactive platforms and wireless devices. Founded by
experts in traffic engineering and data analysis, TrafficCast technology
fuses historic traffic patterns of the national roadway network with "live"
traffic incident and flow data, weather forecasts, construction and event
schedules to deliver meaningful, actionable travel advice. TrafficCast
China, an affiliate of TrafficCast, is currently testing its technology
in Shanghai for deployment in a national traffic system in China. TrafficCast
is based in Madison, WI. For more: www.trafficcast.com
Westwood One (NYSE:
WON) provides over 150 news, sports, music, talk, entertainment programs,
features, live events and 24/7 formats. Through its subsidiaries, Metro
Networks/Shadow Broadcast Services, Westwood One provides local content
to the radio and TV industries including news, sports, weather, traffic,
video news services and other information. SmartRoute Systems manages
traffic information centers for state and local departments of transportation,
and markets traffic and travel content to wireless, Internet, in-vehicle
navigation systems and voice portal customers. Westwood One serves more
than 5,000 radio stations. Westwood One is managed by Infinity Broadcasting
Corporation.
For more information
on these exciting new products please contact:
Bill Martin
Westwood One
617-588-3716
bill_martin@metronetworks.com
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