|Weekly News Digest
October 2, 2000 — 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 ITIís Twitter account: @ITINewsBreaks.
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Top Media Companies Invest in Business.com
Launched in June, Business.com (http://www.business.com) offered a directory of business sites and a search engine. In August, the start-up integrated breaking news into its business-focused directory. Now, the company announced that it has secured $61 million from some of the giants in business media. The financing was led by The Financial Times Group, a division of Pearson plc, and co-led by Cahners Business Information, a member of the Reed Elsevier plc group. Other investors include IndustryClick, a subsidiary of Primedia, Inc., and The McGraw-Hill Companies. According to the announcement, the funding will allow Business.com to expand the content and features of the site, fuel international expansion, and further develop its technology.
As part of Business.com's content agreement with the Financial Times Group, FT.com will become the premium provider of news on financial services, management, and international trade on the Business.com site. The agreement also gives FT.com users access to Business.com's business-specific Web directory and search tool.
Business.com focuses solely on the business Internet and was entirely hand-built and organized by a team of more than 50 library-science and Internet professionals. Business.com's directory provides access to nearly 25,000 business categories and hundreds of thousands of business-oriented Web sites. In addition to the hand-built directory, Business.com features a powerful search engine that indexes approximately 200 million Web pages, according to the announcement.
Business.com also includes 10,000 Company Profiles, which contain extensive information about U.S. public company financials, history, press releases, biographies of executives, and a timeline of company milestones. Business.com News is mapped to thousands of categories and subcategories, giving users access to breaking news stories that are relevant to their location within the Directory. The 58 Business.com Industry Profiles provide an overview of each industry and how it has been affected by the Internet, as well as calendar listings of key industry events and conferences.
Business.com users have access to news from Dow Jones about companies and financial markets, and to Dow Jones audio reports on technology and breaking market news. Reuters provides Business.com with premium content, including up-to-the-minute reporting on 12,000 companies, mergers, IPOs, earnings reports, and frequent updates on activity in U.S. and international markets. Other Business.com content providers include Marketwatch.com, Inc.; Multex.com, Inc.; Primark Corp.; and Thomson Investors Network.
Last year, eCompanies paid $7.5 million to buy the business.com Internet address. Business.com was founded in 1999 by CEO Jake Winebaum, who is also the co-founder of eCompanies.
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