Wednesday, March 23, 2005

Newspapers Continue to Beef Up Online Presence

Today, the top three newspaper companies in the U.S. took a 75% equity stake in news search startup Topix.net. The same group owns 75% of Careerbuilder.com.

This continues a trend of traditional news organizations hedging their bets by acquiring strategic online properties -- Reuters investing in Moreover, NYT buying About.com, etc.

Posted by Andrew Goodman

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