ɪn dʒˈuːn nˈaɪntiːnhˈʌndɹɪd nˈaɪnti nˈaɪn, mˌɛtɹoʊmˈiːdiə ɐkwˈaɪɚd ɐbˌʌvnˈɛt kəmjˌuːnɪkˈeɪʃənz, ɪŋklˈuːdɪŋ ɪts sʌbsˈɪdjɚɹi pˈeɪks, ɐn ˈɑːpɚɹˌeɪɾɚɹ ʌv ˈɪntɚnˌɛt pˈɪɹɪŋ ɛkstʃˈeɪndʒᵻz.
In June 1999, Metromedia acquired Abovenet Communications, including its subsidiary PAIX, an operator of Internet peering exchanges.