SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 14C INFORMATION

INFORMATION STATEMENT PURSUANT TO SECTION 14(c) OF THE SECURITIES
EXCHANGE ACT OF 1934

Check the appropriate box:

<Table>

[ ] Preliminary Information Statement
[ ] Confidential, for the Use of the Commission Only (as permitted by Rule 14c-5(d)(2))
[X] Definitive Information Statement
</Table>

ZAP.COM CORPORATION
- --------------------------------------------------------------------------------
(Name of Registrant as Specified in Its Charter)

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[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
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[ZAP LOGO]

100 MERIDIAN CENTRE, SUITE 350
ROCHESTER, NEW YORK 14618

To Our Stockholders:

You are cordially invited to attend the Annual Meeting of Stockholders of
Zap.Com Corporation, to be held on May 21, 2002, at 11:00 a.m., EST, at the
Adam's Mark Buffalo, 120 Church St., Buffalo, New York, 14202. At the meeting,
we will consider those matters described in the accompanying notice of annual
meeting of stockholders, report on the progress of the Company, comment on
matters of interest and respond to your questions. A copy of the Company's
Annual Report to Stockholders for the fiscal year ended December 31, 2001
containing financial statements preceded or accompanies this mailing.

We appreciate your continued interest in Zap.Com.

Sincerely,

AVRAM A. GLAZER,
President and Chief Executive Officer

ZAP.COM CORPORATION

100 MERIDIAN CENTRE, SUITE 350
ROCHESTER, NEW YORK 14618
(585) 242-2000

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD MAY 21, 2002

To the Stockholders of Zap.Com Corporation:

Notice is hereby given that the Annual Meeting of Stockholders (the "Annual
Meeting") of Zap.Com Corporation, a Nevada corporation ("Zap.Com" or the
"Company"), will be held at the Adam's Mark Buffalo, 120 Church St., Buffalo,
New York, 14202, on May 21, 2002, at 11:00 a.m., EST, for the following
purposes:

1. To elect a director;

2. To ratify the appointment of PricewaterhouseCoopers, LLP as the
Company's independent public accountants; and

3. To transact such other business as may properly come before the
Annual Meeting or any adjournments thereof.

The Board of Directors has set the close of business on March 28, 2002 as
the record date for the Annual Meeting. Only stockholders of record at the close
of business on the record date are entitled to notice of, and to vote at the
Annual Meeting and any adjournments thereof. The stock transfer books of the
Company will not be closed following the record date. A list of such
stockholders will be available during normal business hours at the offices of
the Company for inspection at least ten days prior to the Annual Meeting. A copy
of the Annual Report of the Company's operations during the year ended December
31, 2001 and Zap.Com's Information Statement accompanies this notice.

Stockholders are cordially invited and encouraged to attend the Annual
Meeting in person.

By Order of the Board of Directors,

AVRAM A. GLAZER,
President and Chief Executive Officer

Rochester, New York
April 5, 2002

ZAP.COM CORPORATION

100 MERIDIAN CENTRE, SUITE 350
ROCHESTER, NEW YORK 14618
(585) 242-2000

INFORMATION STATEMENT

This Information Statement and the accompanying Notice of Annual Meeting of
Stockholders are being furnished to the stockholders of Zap.Com Corporation
("Zap.Com" or the "Company") by the Board of Directors in connection with the
Annual Meeting of Stockholders to be held on May 21, 2002, at 11:00 a.m., EST,
at the Adam's Mark Buffalo, 120 Church St., Buffalo, New York, 14202, and at any
adjournments thereof (the "Annual Meeting").

It is contemplated that this Information Statement will first be mailed to
Zap.Com stockholders on or about May 12, 2002. WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE REQUESTED NOT TO SEND A PROXY.

The principal executive offices of the Company are located at 100 Meridian
Centre, Suite 350, Rochester, New York 14618; telephone (585) 242-2400. All
references herein to a fiscal year are to the 12 month period ended on December
31st of the indicated calendar year.

MATTERS TO BE CONSIDERED AT THE ANNUAL MEETING

At the Annual Meeting, including any adjournment(s) thereof, the
stockholders of Zap.Com will be asked to consider and vote upon the election of
a director, the ratification of appointment of the Company's independent public
accountant and to transact such other business as may properly come before the
Annual Meeting or any adjournments thereof. The proposals are described in more
detail in this Information Statement. The Board knows of no other matters that
are likely to be brought before the Annual Meeting.

RECORD DATE; OUTSTANDING SHARES

The Board of Directors of the Company has fixed the close of business on
March 28, 2002 (the "Record Date") as the date for the determination of
stockholders who are entitled to vote at the Annual Meeting and at any
adjournment(s) or postponement(s) thereof. As of the Record Date, the Company's
issued and outstanding capital stock consisted of 50,004,474 shares of common
stock, par value $.001 per share (the "Common Stock"), which was held by
approximately 1,493 holders of record. Each share of Common Stock is entitled to
one vote in the election of directors and on each matter submitted for
stockholder approval. The Common Stock is the Company's only outstanding class
of stock as of the date of this Information Statement. As of the date of this
Information Statement, Zapata Corporation ("Zapata") holds 48,972,258 shares of
Zap.Com common stock, or approximately 98% of Zap.Com's outstanding Common
Stock. Accordingly, Zapata will be able to determine the outcome of the election
of director and each proposal to be presented at the Annual Meeting. Zapata has
informed Zap.Com that it intends to vote in accordance with the Board's
recommendations on all proposals to be presented at the Annual Meeting.

QUORUM; ABSTENTIONS AND NON-VOTES; VOTE REQUIRED

The presence at the meeting, in person or by proxy, of the holders of a
majority of the Company's outstanding shares of voting stock is necessary to
constitute a quorum for the transaction of business at the Annual Meeting.
Abstentions and broker non-votes (which occur if a broker or other nominee does
not have discretionary authority and has not received voting instructions from
the beneficial owner with respect to the particular item) are counted for
purposes of determining the presence or absence of a quorum for the transaction
of business. If there are not sufficient shares represented in person or by
proxy at the meeting to constitute a quorum, the meeting may be adjourned or
postponed in order to permit further solicitations of proxies by the Company.

With respect to the election of directors, the nominee receiving the
highest number of affirmative votes will be elected to the Board of Directors.
The affirmative vote of a majority of the shares of Common Stock present and
represented at the Annual Meeting will be necessary to ratify the Board's
appointment of PricewaterhouseCoopers, LLP as the Company's independent public
accountants. Abstentions and broker non-votes will have no effect on the outcome
of the election of directors or the approval of the independent public
accountants.

THE DATE OF THIS INFORMATION STATEMENT IS APRIL 5, 2002

PROPOSAL 1

ELECTION OF DIRECTOR

Pursuant to the Company's Restated Articles of Incorporation (the "Restated
Articles") and By-Laws, the size of the Board is currently set at one director.
Avram Glazer is the sole director.

Directors will be elected by a plurality of the votes cast for director
nominees at the Annual Meeting.

Mr. Glazer has nominated himself to serve for a one year term or until his
successor is duly qualified or elected. Mr. Glazer, age 41, has served as the
sole director and President and Chief Executive Officer of Zap.Com since its
formation in April 1998. Mr. Glazer also serves as Chairman of the Board,
President and Chief Executive Officer of Zapata Corporation (NYSE: ZAP) which as
of the date of this Information Statement holds of record and beneficially
approximately 98% of the Company's outstanding common stock. Mr. Glazer has held
these positions since 1995. For more than five years prior to becoming Zapata's
President and Chief Executive Officer, Mr. Glazer was employed by, and worked on
behalf of, Malcolm I. Glazer and a number of entities owned and controlled by
Malcolm I. Glazer. Mr. Glazer also serves as a director of Zapata and is
Chairman of the Board and a director of Omega Protein Corporation (NYSE: OME) (a
marine protein company).

THE BOARD RECOMMENDS A VOTE FOR THE ELECTION OF THE NOMINEE AS DIRECTOR.

BOARD OF DIRECTORS AND COMMITTEES OF THE BOARD

During 2001, the Board of Directors met or acted by written consent once.

Zap.Com's Board of Directors does not presently maintain any committees
since the Board only consists of one director. Upon expansion of the size of the
Board to three or more directors, the By-Laws require that two standing
committees of the Board of Directors be activated: the audit committee and the
compensation committee, each comprised of two or more directors. The members of
these committees will be appointed following the expansion of the Board to three
or more directors.

The primary purpose of the audit committee will be to (1) select the firm
of independent accountants that will audit Zap.Com's financial statements, (2)
discuss the scope and the results of the audit with the accountants and (3)
review Zap.Com's financial accounting and reporting principles. The audit
committee will also examine and discuss the adequacy of Zap.Com's financial
controls with the independent accountants and with management.

The functions of the compensation committee will be to review, approve and
recommend to the Board of Directors the terms and conditions of incentive bonus
plans applicable to corporate officers and key management personnel, to review
and approve the annual salary of the chief executive officer, and to administer
Zap.Com's 1999 Long-Term Incentive Plan.

DIRECTOR COMPENSATION

Each director who is not an employee of Zap.Com will be compensated for
serving as a director at a set dollar amount to be determined by the Board. In
addition, each new non-employee director will, upon joining the Board, be
granted options under the Zap.Com 1999 Long-Term Incentive Plan to purchase
shares of Zap.Com Common Stock at the fair market value for the shares. The
Board will determine the number and terms of the options to be granted to the
new director. There are no family relationships, or other arrangements or
understandings between or among any of the directors, executive officers or
other persons under which that person was selected to serve as a director or
officer.

EXECUTIVE OFFICERS

The Company's officers serve at the pleasure of the Board of Directors. The
following table sets forth information concerning the executive officers of
Zap.Com as of the date of this Information Statement:

<Table>
<Caption>
NAME AGE POSITION
- ---- --- --------

Avram A. Glazer....................... 41 President and Chief Executive Officer
Leonard DiSalvo....................... 43 Vice President -- Finance and Chief
Financial Officer
Gordon E. Forth....................... 40 Secretary
</Table>

Leonard DiSalvo, age 43, has served as Zap.Com's Vice President -- Finance
and Chief Financial Officer since April 1999. Mr. DiSalvo also serves as
Zapata's Vice President -- Finance and Chief Financial Officer, a position he
has held since joining Zapata in September 1998. Mr. DiSalvo has 20 years of
experience in the areas of finance and accounting. Mr. DiSalvo served as a
finance manager for Constellation Brands, Inc., a national manufacturer and
distributor of wine, spirits and beer since 1996. Prior to that position, Mr.
DiSalvo held various management positions in the areas of finance and accounting
in the Contact Lens Division of Bausch & Lomb Incorporated. Mr. DiSalvo received
his B.S. from St. John Fisher College and is a Certified Public Accountant.

Gordon E. Forth, age 40, has served as Zap.Com's Secretary since April
1999. Mr. Forth also serves as Zapata's secretary. Mr. Forth is a partner of
Woods Oviatt Gilman LLP, a Rochester, New York based law firm, which provides
legal services to both Zapata and Zap.Com. Mr. Forth has practiced law at Woods
Oviatt Gilman since 1987. Mr. Forth served as a director of Hahn Automotive
Warehouse, Inc. (a distributor of automotive replacement parts) from 1992 to
1997, and from 2000 to 2001. Mr. Forth received his B.A. from Hope College and
his law degree and M.B.A. from Vanderbilt University.

EXECUTIVE COMPENSATION

Zap.Com presently has no employment agreements with its officers or other
key employees. Until April 30, 2000, a portion of the cost of the compensation
of Zap.Com's executives who are also employed by Zapata was allocated to Zap.Com
under a services agreement between Zapata and Zap.Com. Zap.Com reimbursed Zapata
for those costs. These costs were based upon an estimate of the amount of time
devoted by those employees to the operation and affairs of each corporation. As
of May 1, 2000, and again on May 1, 2001, Zapata waived its rights to be
reimbursed for these expenses for a period of one year.

The following table sets forth information regarding compensation with
respect to 2001, 2000 and 1999, for services in all capacities rendered to the
Company and its subsidiaries by the Company's President and Chief Executive
Officer ("Named Officers"). None of the Company's other executive officers
received annual compensation in excess of $100,000 during Fiscal 2001, 2000 and
1999.

SUMMARY COMPENSATION TABLE

<Table>
<Caption>
LONG-TERM
COMPENSATION AWARDS
ANNUAL COMPENSATION ---------------------
NAME AND FISCAL -------------------- SECURITIES UNDERLYING
PRINCIPAL POSITION YEAR SALARY($) BONUS($) OPTIONS(#)
- ------------------ ------ --------- -------- ---------------------

Avram A. Glazer................................ 2001 $ --(1) -- --
President and Chief Executive Officer 2000 65,000(1) --
1999 207,000(2) -- 365,000(3)
</Table>

- ---------------

(1) Mr. Glazer serves as Chairman of the Board, President and Chief Executive
Officer of Zapata and as President and Chief Executive Officer of Zap.Com.
During the first four months of Fiscal 2000, Zapata allocated approximately
65% of Mr. Glazer's annual salary to Zap.Com. As of May 1, 2000, and again
as of May 1, 2001, Zapata waived its rights under a services agreement to be
reimbursed these expenses for a period of one year. Therefore, no
allocations were made during 2001.

(2) For Fiscal 1999, Zapata allocated 69% of Mr. Glazer's annual salary to
Zap.Com.

(3) Non-qualified stock options were granted to Mr. Glazer under Zap.Com's 1999
Long-Term Incentive Plan. The share amounts under this column reflect only
the shares underlying the options that were granted during fiscal 1999. The
options have an exercise price of $2.00 per share and generally vest over
three years from the date of grant. On December 31, 2001, Zap.Com had a
closing price of $0.19 on the NASD OTC Bulletin Board.

No options were granted to any Named Officer during 2001.

The following sets forth for each of the Named Officers options exercised
and the number and value of securities underlying unexercised options held by
the Named Officers as of the end of 2001.

AGGREGATED OPTIONS EXERCISES AND FISCAL YEAR-END OPTION VALUES

<Table>
<Caption>
NUMBER OF
SECURITIES UNDERLYING
UNEXERCISED OPTIONS VALUE OF UNEXERCISED
SHARES AT FISCAL YEAR-END IN-THE-MONEY OPTIONS
ACQUIRED VALUE --------------------------- AT FISCAL YEAR-END
NAME ON EXERCISE REALIZED EXERCISABLE UNEXERCISABLE EXERCISABLE/UNEXERCISABLE(1)
- ---- ----------- -------- ----------- ------------- ----------------------------

Avram A. Glazer........... -- -- 243,334 121,666 $0/$0
President and Chief
Executive Officer
</Table>

- ---------------

(1) Based on the closing price on the NASD OTC Bulletin Board for Zap.Com's
Common Stock on December 31, 2001, none of the named officers' options were
"in-the-money" as of that date.

1999 LONG-TERM INCENTIVE PLAN

The 1999 Long-Term Incentive Plan was approved by Zap.Com's Board and
Zapata as Zap.Com's sole stockholder in April 1999, and amended in October 1999.
Pursuant to the plan, awards may be made to existing and future officers, other
employees, consultants and directors of Zap.Com from time to time. The 1999
Incentive Plan is intended to promote the long-term financial interests and
growth of Zap.Com by providing employees, officers, directors and consultants of
Zap.Com with appropriate incentives and rewards to enter into and continue in
the employ of, or their relationship with, Zap.Com and to acquire a proprietary
interest in the long-term success of Zap.Com; and to reward the performance of
individual officers, other employees, consultants and directors in fulfilling
their responsibilities for long-range achievements.

Zap.Com's Board, or upon formation, the compensation committee (both of
which are referred to below as the "committee"), makes awards under the 1999
Incentive Plan from among those eligible persons who hold positions of
responsibility and whose performance, in the judgment of the committee, has a
significant effect on Zap.Com's success.

Under the 1999 Incentive Plan, 3,000,000 shares of Common Stock are
available for awards. The 1999 Incentive Plan provides for the grant of any or
all of the following types of awards: stock options, stock appreciation rights,
stock awards, cash awards, or other rights or interests. Stock options may be
incentive stock options that comply with Section 422 of the Code. Future
allocation of awards under the 1999 Incentive Plan is not currently determinable
as the allocation is dependent upon future decisions to be made by the committee
in its sole discretion, and the applicable provisions of the 1999 Incentive
Plan.

The exercise price of any stock option may, at the discretion of the
committee, be paid in cash or by surrendering shares or another award under the
1999 Incentive Plan, valued at fair market value on the date of exercise or any
combination of cash or stock.

Stock appreciation rights are rights to receive, without payment to
Zap.Com, cash or shares of Zap.Com Common Stock with a value determined by
reference to the difference between the exercise or strike price of the stock
appreciation rights and the fair market value or other specified valuation of
the shares at the time of exercise. Stock appreciation rights may be granted in
tandem with stock options or separately.

Stock awards may consist of shares of Zap.Com Common Stock or be
denominated in units of shares of Common Stock. A stock award may provide for
voting rights and dividend equivalent rights.

The committee may specify conditions for awards, including vesting service
and performance conditions. Vesting conditions may include, without limitation,
provision for acceleration in the case of a change-in-control of Zap.Com,
vesting conditions and performance conditions, including, without limitation,
performance conditions based on achievement of specific business objectives,
increases in specified indices and attaining specified growth measures or rates.

An award may provide for the granting or issuance of additional,
replacement or alternative awards upon the occurrence of specified events,
including the exercise of the original award.

An award may provide for a tax gross-up payment to a participant if a
change in control of Zap.Com results in the participant owing an excise tax or
other tax above the rate ordinarily applicable, due to the parachute tax
provisions of Section 280G of the Code or otherwise. The gross-up payment would
be in an amount so that the net amount received by the participant, after paying
the increased tax and any additional taxes on the additional amount, would be
equal to that receivable by the participant if the increased tax were not
applicable.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act")
requires the Company's directors and executive officers, and persons who own
more than 10% of a registered class of the Company's equity securities, to file
with the Securities and Exchange Commission (the "Commission") initial reports
of ownership and reports of changes in ownership of Common Stock and other
equity securities of the Company.

Directors, officers and greater than 10% stockholders are required by the
Commission's regulations to furnish the Company with copies of all Section 16(a)
forms they file. Based solely on a review of Forms 3 and 4 and amendments
thereto furnished to the Company during its most recent fiscal year, and Forms 5
and amendments thereto furnished to the Company with respect to its most recent
fiscal year, and certain written representations, no persons who were either a
director, officer, or beneficial owner of more than 10% of the Company's Common
Stock failed to file on a timely basis reports required by Section 16(a) of the
Exchange Act during the recent fiscal year.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

The Board of Directors of Zap.Com has no compensation committee, or other
board committee performing equivalent functions. The Board of Directors made all
decisions concerning compensation of Zap.Com executives during the last fiscal
year, except with respect to Avram Glazer and Leonard DiSalvo. The Board of
Directors of Zap.Com is comprised only of Avram Glazer, Zap.Com's President and
Chief Executive Officer. The compensation of Mr. Glazer and Mr. DiSalvo for the
last fiscal year was determined by the Compensation Committee of the Board of
Directors of Zapata Corporation.

BOARD OF DIRECTORS REPORT ON EXECUTIVE COMPENSATION

No compensation was paid by the Company to its Named Officer in Fiscal
2001. In prior years, the Board has followed executive compensation policies
designed to provide incentives to its executives to focus on both Zap.Com's
current and long-term goals, with an overriding emphasis on the ultimate
objective of enhancing stockholder value. The Company's executive compensation
program has been comprised of cash and equity-based incentives, which recognize
individual achievement and encourage executive loyalty and initiative. The Board
considers equity ownership to be an important factor in providing executives
with a closer orientation to the Company and its stockholders. Accordingly, the
Board has granted options to purchase Common Stock pursuant to Zap.Com's 1999
Long-Term Incentive Plan.

Base salaries for our executives have been established on a case-by-case
basis by the Board, based upon the executive's level of responsibility, prior
experience, breadth of knowledge, and salary requirements. The

Board granted stock options upon hiring or based upon subjective considerations
as to an executive's contribution or potential contribution to the Company.
Other benefits offered to executives have been generally the same as those
offered to Zap.Com's other employees.

Respectfully submitted,

AVRAM A. GLAZER,
Director

STOCKHOLDER RETURN PERFORMANCE GRAPH

The Commission requires a comparison of the cumulative total return of the
Company's Common Stock with that of (1) a broad equity market index and (2) a
published industry or line-of-business index, or index of peer companies with
similar market capitalization, over a five year period or such shorter that the
Company has been registered under Section 12 of the Securities Exchange Act of
1934 ("Exchange Act"). The Company registered pursuant to Section 12 on November
12, 1999 and its common stock has traded on the NASD OTC Bulletin Board since
November 30, 1999. The Company has selected to use the Russell 2000 Index as its
broad market index. For the second required comparison the Company has selected
the JP Morgan Hambrecht & Quist Internet 100 Index.

The stock price performance on the following graph does not necessarily
indicate of future performance. The stock performance graph shall not be deemed
incorporated by reference by any general statement incorporating by reference
the Information Statement into any filing under the Securities Act of 1933 or
under the Securities Exchange Act of 1934, except to the extent that the Company
specifically incorporates this graph by reference, and it shall not otherwise be
deemed filed.

COMPARISON OF 25 MONTH CUMULATIVE TOTAL RETURN*
AMONG ZAP.COM CORPORATION, THE RUSSELL 2000 INDEX
AND THE JP MORGAN H & Q INTERNET 100 INDEX
[COMPARISON GRAPH]

<Table>
<Caption>
ZAP.COM JP MORGAN H & Q
CORPORATION RUSSELL 2000 INTERNET 100
----------- ------------ ---------------

11/99 100.00 100.00 100.00
12/99 255.56 111.32 138.91
12/00 16.67 107.96 53.45
12/01 8.44 110.64 34.39
</Table>

* $100 invested on 11/30/99 in stock or index including reinvestment of
dividends. Fiscal year ending December 31.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

ZAPATA CORPORATION

Since its inception, the Company has utilized the services of the
management and staff of its majority stockholder, Zapata Corporation, under a
shared services agreement that allocated these costs on a percentage of time
basis. On May 1, 2000, and again on May 1, 2001, Zapata Corporation waived its
rights under the services agreement to be reimbursed for these expenses for a
period of one year. No allocations were made during 2001.

Zap.Com subleases its office space in Rochester, New York from Zapata
Corporation. Under the sublease agreement, annual rental payments are allocated
on a cost basis. Under the aforementioned May 1, 2000 and 2001 agreements,
Zapata Corporation waived its rights to be reimbursed for rent for a period of
one year. No payments were made during 2001.

OTHER

Gordon E. Forth, who serves as corporate secretary of Zap.Com, is a partner
at Woods Oviatt Gilman LLP, which has acts as counsel to Zap.Com and Zapata. Mr.
Forth also serves as corporate secretary to Zapata.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

PRINCIPAL STOCKHOLDERS

The following table sets forth information known to Zap.Com regarding
beneficial ownership of Zap.Com Common Stock as of March 28, 2002 for (1) each
Named Officer and director of Zap.Com who beneficially owns shares; (2) each
stockholder known to Zap.Com to beneficially own 5% or more of Zap.Com's
outstanding securities; and (3) all Named Officers and directors as a group.

SHARES BENEFICIALLY OWNED

<Table>
<Caption>
NO. OF PERCENTAGE
NAME AND BENEFICIAL OWNER SHARES OF OWNERSHIP
- ------------------------- ---------- ------------

Zapata Corporation(1)(2).................................... 48,972,258 97.9%
Avram Glazer(3), President, CEO and Director................ 293,333 *
All Named Officers and directors as a group................. 381,667 *
</Table>

- ---------------

* Represents ownership of less than 1.0%

(1) Zapata's address is 100 Meridian Centre, Suite 350, Rochester, New York
14618. As a result of this ownership, Zapata controls Zap.Com. Malcolm
Glazer, through an entity he owns and controls, owns beneficially and of
record approximately 47% of Zapata's outstanding common stock and, by virtue
of that ownership, Malcolm Glazer may be deemed to control Zapata and,
therefore, to beneficially own the Zap.Com securities held by Zapata. Mr.
Glazer disclaims any beneficial ownership of Zap.Com's common stock
beneficially owned by Zapata.

(2) Zap.Com has registered 1,000,000 shares of Zap.Com common stock held by
Zapata for resale on a shelf basis under a separate registration statement.
These figures are subject to change if Zapata sells any of these shares.

(3) Includes 243,333 shares subject to options exercisable within 60 days of
March 28, 2002. Avram Glazer's address is 100 Meridian Centre, Suite 350,
Rochester, New York 14618.

PROPOSAL 2

RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS

The Board of Directors has selected the firm of PricewaterhouseCoopers, LLP
to act as the Company's independent public accountants and to conduct an audit,
in accordance with generally accepted auditing standards, of the Company's
financial statements for the fiscal year ending December 31, 2002.

The Board of Directors considers PricewaterhouseCoopers, LLP to be well
qualified. A representative of that firm is expected to be present at the Annual
Meeting to respond to appropriate questions and will be given an opportunity to
make a statement if he or she so desires. Neither the firm nor any of its
partners has any direct financial interest or any indirect financial interest in
the Company other than as independent auditors. This selection is being
submitted for ratification at the meeting.

The affirmative vote of the holders of a majority of the shares of Common
Stock present at the meeting and entitled to vote is required for such
ratification. If not ratified, the selection will be reconsidered by the Board,
although the Board of Directors will not be required to select different
independent auditors for the Company.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE RATIFICATION
OF THE BOARD'S APPOINTMENT OF PRICEWATERHOUSECOOPERS, LLP
AS THE COMPANY'S INDEPENDENT PUBLIC ACCOUNTANTS.

AUDITORS' FEES

Audit Fees: For professional services rendered by them for the audit of
our annual financial statements for 2001, and reviews of the financial
statements included in our Quarterly Reports on Form 10-Q for 2001,
PricewaterhouseCoopers LLP billed us fees in the aggregate amount of $30,000.

Financial Information Systems Design and Implementation
Fees: PricewaterhouseCoopers LLP billed us no fees for professional services
rendered by them for 2001 in connection with financial information systems
design and implementation.

All Other Fees: PricewaterhouseCoopers LLP billed us no fees for
professional services other than those described above rendered by them for
2001.

The Board of Directors has considered whether the provision of services
described above under "All Other Fees" is compatible with maintaining the
independence of PricewaterhouseCoopers LLP.

OTHER MATTERS

As of the date of this Information Statement, the Board of Directors knows
of no other matter to be presented at the Annual Meeting.

By Order of the Board of Directors,

AVRAM A. GLAZER,
President and Chief Executive Officer

Rochester, New York
April 5, 2002