Financial Services Industry
Industry: Email Alert RSS FeedFlying electrons and dead trees likely bedfellows.
Investment News, March, 2000 by Nash, Jeff
Old media looking for web presence eye new media seeking hard assets The proposed megamerger of America Online Inc. and Time Warner Inc. has ignited talk of more deals between high-flying Internet upstarts and old school media companies. Two potential linkups Wall Street is discussing: The New York Times Co.
buying financial news website TheStreet.com and News Corp., publisher of the New York Post, among other things, hooking up with Internet giant Yahoo! Inc. The reasoning behind the deals is simple: Old news organization are looking to build up their presence on the Internet and new Internet companies need an established company with hard assets to continue growing, says Joel Krasner, media analyst at First Albany Corp. in upstate New York....
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