Digital Railroad has received a letter of intent (LOI) to purchase the assets of DRR, specifically its hardware and application software used to store and retrieve images with the desire to continue providing services to DRR members and customers with as little disruption as possible. [...] The acquiring company will have no right to sell or distribute these images without the owner´s prior approval.
The company that has submitted the Letter of Intent is a twenty-year fixture in the industry with ongoing close relationships with the preeminent players in the worldwide information business. It owns a multi-agency digital media marketplace composing more than twenty-five million images, news stories, and video clips which it licenses to five thousand customers who purchase content on a daily basis for insertion into the world's most prominent newspapers, magazines, web sites, and broadcast services.
Daryl Lang speculates about being Newscom the interested party while Digital Railroad´s website is still online. Rumors (currently not verified by Diablo or Newscom) indicate that the LOI is said to be associated with an investment of $1 million over time.