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In June 1997 Medialink bought the Corporate Television Group which had been previously known as Reuters Corporate Television. The purchase, Medialink wrote in its 1998 report to the [[Securities and Exchange Commission]] "brought a roster of blue-chip clients such as [[Microsoft]], [[Philip Morris]], General Intruments and Compaq Computer".<ref>Medialink Worldwide, [http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/6-17-97/258593&EDATE= 'Medialink Worldwide Acquires Corporate Television Group, Expands Services"], Media Release, June 17, 1997.</ref>
In August 1997 Medialink added the London-based video and production company On Line Broadcasting which added the ability provide live radio and television broadcasting in the UK to complement its US capacity.<ref>[http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/8-11-97/295660&EDATE= 'Medialink Acquires On Line Broadcasting Ltd., Expands Live Broadcast Capabilities in the United Kingdom"], Media Release, August 11, 1997.</ref> According to Medialink, the combined US and UK market for its range of media services was estimated to be $US600 million while its actual revenue that year was only $26.7 million.
In November 1998 Medialink bought Wirepix and the following year, in a joint venture with [[Business Wire]], Medialink created [[Newstream.com]], a to provide "multimedia assets to more than 11,000 online news and information Web sites that increasingly need streaming video, audio, presentations, and graphics to be competitive".<ref>Medialink Worldwide, [http://ccbn.tenkwizard.com/filing.php?repo=tenk&ipage=2730069&doc=1&total=&attach=ON&TK=MDLK&CK=0000812890&FG=0&CK2=812890&FC=000000&BK=FFFFFF&SC=ON&TC=FFFFFF&TC1=FFFFFF&TC2=FFFFFF&LK=333399&AL=333399&VL=666635 "Annual Report For the fiscal year ended December 31, 2003], U.S. Securities and Exchange Commission, 2004.</ref>