Medialink Worldwide [3] -- the largest producer of video news releases [4] and audio news releases [5] -- has announced that shareholders approved a proposal to merge with TNM Group, a subsidiary of The NewsMarket [6]. Of the shareholders who voted at a special general meeting, 91% approved the merger. In May, TNM offered to buy the company's shares for 20 cents, well above where it has traded before the offer. In the proxy statement [7] (pdf) filed with the U.S. Securities and Exchange Commission, Medialink bluntly stated, "We have had a history of operating losses and have not reported operating income since the year ended December 31, 2000." The merger had the full support of Medialink Worldwide's board of directors.