Its merger with USA Networks might be in jeopardy, and shareholder lawsuits against it continue to be filed, but Lycos (Nasdaq: LCOS) continues to add ammo to its e-commerce army.
Lycos announced Tuesday that it has signed a deal with Audio Book Club (AMEX: KLB), reportedly the world’s largest marketer of books on tapes and compact discs. Under the new agreement, Lycos will promote and market Audio Book Club’s products on its network of Web sites. This is a significant deal for Lycos, because of Audio Book Club’s size and leading market position.
Lycos stock has been hammered recently. It seems like only a matter of time before the good news outweighs the bad, but that could be a long time.