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26 Jun 2002, 09:00 PM | #1 |
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Join Date: Oct 2001
Posts: 400
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in the news today
Yahoo closing 2 streaming services
Nearly 30 to lose jobs as FinanceVision, radio channel shut SAN JOSE, Calif., June 25 — Internet giant Yahoo! Inc. is scrapping two free broadcasting services: FinanceVision, which provided streaming video clips with business and stock news, and a radio channel that came with its $5 billion acquisition of Broadcast.com. ...... But Sunnyvale-based Yahoo now has lost money for six quarters in a row, and FinanceVision didn’t mesh with the company’s strategy of generating more subscription-based revenue and reducing its reliance on advertising...... Last edited by ikxu : 26 Jun 2002 at 09:03 PM. |
27 Jun 2002, 12:19 AM | #2 |
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Yahoo on the Rocks
I've never been much of a Yahoo fan but that bit of news is a bit disconcerting. Too bad.
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