MEDIALINK WORLDWIDE INC
4, 2000-04-10
COMMUNICATIONS SERVICES, NEC
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                    FORM 4

                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
        Section 17(a) of the Public Utility Holding Company Act of 1935
            or Section 30(f) of the Investment Company Act of 1940

/ / Check this box if no longer subject to Section 16. Form 4 or Form 5
    obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person*

   Moskowitz, Laurence
   (Last)  (First)  (Middle)

   c/o Medialink Worldwide Incorporated
   708 Third Avenue
   (Street)

    New York, NY  10017
   (City)  (State)  (Zip)

2. Issuer Name and Ticker or Trading Symbol

   Medialink Worldwide Incorporated (MDLK)

3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)



4. Statement for Month/Year

   March 2000

5. If Amendment, Date of Original (Month/Year)



6. Relationship of Reporting Person(s) to Issuer (Check all applicable)

   /X/ Director                            / / 10% Owner
   /X/ Officer (give title below)          / / Other (specify below)

   Chairman of the Board, President & Chief Executive Officer

7. Individual or Joint/Group Reporting (Check Applicable Line)

   /X/ Form filed by One Reporting Person
   / / Form filed by More than One Reporting Person

* If the form is filed by more than one reporting person, see instruction
  4(b)(v).

<TABLE>
<CAPTION>
                         Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

                                                                                         5. Amount
                                                                                            of Secu-
                                                                                            rities
                                                          4. Securities Acquired (A)        Bene-     6. Ownership
                               2. Trans-   3. Trans-         or Disposed of (D)             ficially     Form:
                                  action      action         (Instr. 3, 4 and 5)            Owned        Direct      7. Nature of
                                  Date        Code        -----------------------------     at End       (D) or         Indirect
                                  (Month/     (Instr. 8)                (A)                 of Month     Indirect       Beneficial
1. Title of Security              Day/     -------------     Amount     or     Price        (Instr.      (I)            Ownership
   (Instr. 3)                     Year)     Code     V                  (D)                 3 and 4)     (Instr. 4)     (Instr. 4)
- -----------------------------  ----------  ------  -----  ------------  ---  ----------  -----------  -------------  ---------------
<S>                            <C>         <C>     <C>    <C>           <C>  <C>         <C>          <C>            <C>

Common Stock                    3/29/2000   J(1)             2,195       A    $10 1/4     353,854           D


</TABLE>

<TABLE>
<CAPTION>
                            Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                      (e.g., puts, calls, warrants, options, convertible securities)

                                          2. Conver-                              5. Number of Deriv-         6. Date Exercisable
                                             sion or   3. Trans-                     ative Securities            and Expiration Date
                                             Exercise     action   4. Transac-       Acquired (A) or             (Month/Day/Year)
                                             Price of     Date        tion Code      Disposed of (D)          ----------------------
                                             Deriv-       (Month/     (Instr. 8)     (Instr. 3, 4, and 5)     Date
1. Title of Derivative Security              ative        Day/     -------------  --------------------------  Exercis-    Expiration
   (Instr. 3)                                Security     Year)     Code     V        (A)           (D)       able        Date
- ----------------------------------------  -----------  ----------  ------  -----  ------------  ------------  ----------  ----------
<S>                                       <C>          <C>         <C>     <C>    <C>           <C>           <C>         <C>

Employee Stock Option  (Right to Buy)


<CAPTION>
                                                                                      9. Number of   10. Ownership
                                                                                         Derivative      Form of
                                                                                         Securities      Derivative
                             7. Title and Amount of Underlying                           Benefi-         Security:
                                Securities (Instr. 3 and 4)                              cially          Direct      11. Nature of
                             ----------------------------------------  8. Price of       Owned at        (D) or          Indirect
                                                           Amount or      Derivative     End of          Indirect        Beneficial
1. Title of Derivative                  Title              Number of      Security       Month           (I)             Ownership
   Security (Instr. 3)                                      Shares        (Instr. 5)     (Instr. 4)      (Instr. 4)      (Instr. 4)
- ---------------------------  ---------------------------  -----------  -------------  -------------  --------------  ---------------
<S>                          <C>                          <C>          <C>            <C>            <C>             <C>

Employee Stock Option  (Right to Buy)                                                    138,500           D


</TABLE>

Explanation of Responses:




/s/ Laurence Moskowitz                       April 7, 2000
- ---------------------------------------    --------------------------
Laurence Moskowitz                                    Date
    **Signature of Reporting Person


** Intentional misstatements or omissions of facts constitute Federal Criminal
   Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

(1)      On the transaction date, the reporting person acquired 2,195 shares of
         the common stock of the issuer as a result of certain performance
         targets having been met by a company acquired by the issuer. The
         reporting person had an interest in such company.


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