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Bloomberg, CNet combine online.(to form online financial services)(Brief Article)

Broadcasting & Cable, February, 1998 by Tedesco, Richard

Online competitors Bloomberg and CNet became the latest odd bedfellows in a convergence expected to lead to new financial services online. News.com Investor, combining CNet's online news coverage and Bloomberg's market trading data, is slated to debut during the first quarter of 1998.

A Snap! Finance site CNet intends for second quarter will feature market news from Bloomberg. The companies intend to promote the services on their media outlets. Bloomberg also plans to spend $1 million per year in ads. Beyond that, the companies would not comment on their financial commitments. The two companies are also focusing on incorporating audio and video content. "We are building a strong foundation for future development between our two companies as...

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