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Weekly News Digest

February 12, 2001 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

Business.com Adds International and Private Company Profiles

Business.com has announced the addition of free profiles of private and international companies to its business information site. The detailed descriptions of 40,000 private and 14,000 international companies join the site's profiles of 10,000 U.S. public companies that were added in June 2000. Business.com partnered with Thomson Financial (http://solutions.thomsonfn.com) to provide international company profiles from more than 20 countries and with OneSource (http://www.onesource.com) to provide private company profiles. All company descriptions are updated regularly and can be easily found by entering the company name into Business.com's search box. Business.com's content providers also include Marketwatch.com, Inc., Multex.com, Inc., Primark Corp., Reuters, and Thomson Investors Network.

Just 2 days after the previous release, the company announced a workforce reduction of 37 employees—approximately 25 percent of its total workforce. According to a statement from the company: "These reductions are necessary to ensure the company meets its profitability goals. Business.com has $45 million in capital on hand, sufficient to take the company to profitability by mid-2002. In January, Business.com reached an important milestone of 1 million monthly unique users—up 500 percent in the last 6 months." The company currently relies on advertising for revenue but plans to generate additional revenues through sponsorships, subscriptions to premium content, and other value-added services.

Source: Business.com



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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