Friday, January 19, 2001
  • Jupiter Media Metrix Cuts 80 Staffers

    Jupiter Media Metrix is slashing 80 employees from the payroll. The New York-based Internet research firm cited the soft economy and a disappointing fourth quarter for the eight-percent cut in its 1,000-person workforce.On Wednesday, the company warned that revenues for the fourth quarter would reach $38.2 to $38.5 million, falling short of prior forecasts of $39.5 and $42 million. Jupiter Media Metrix also expects a net loss between 22 and 23 cents per share, versus a previous projection of one cent per share."The rapidly softening economy directly impacted our revenues, and left us with expenses that were based on previously ... ...Read the whole story

  • Media Metrix Top 10 was the Media Metrix number one site for the week ending January 14 with 10,454,000 average daily unique visitors. It was followed by (10,038,000), (5,186,000), (5,148,000), (4,922,000), (2,964,000), (2,442,000), (2,396,000), (2,349,000), and (2,332,000).The number one gainer for the week ending January 14 was with a 98.2% change in average daily unique visitors from the previous week. It was followed by (90.6%), (86.9%), (86.0%), (81.3), (81.1%), (79.5%), (74.4%), (74.3%), and (68.2%). ...Read the whole story

  • CNN, NBC, AltaVista Lay Off Hundreds

    It's not a good time to be in broadcasting. Less than a week after the close of the AOL/Time Warner mega-merger, the 24-hour news subsidiary CNN has announced plans to lay off 400 employees, or about 10% of its workforce. According to published reports, about a third of the layoffs will come from CNN's Internet properties. Additionally, Scott Woelfel, president of CNN Interactive, has resigned, along with some other top executives. Editorially, reports say, the restructuring's keystone will be the creation of a "super desk" in CNN's Atlanta headquarters that will assign stories to all 34 CNN television, radio and ... ...Read the whole story

  • DoubleClick CEO Sees Flat to Lower 2001 Ad Prices

    HONG KONG (Reuters) - The cost of advertising on the Web is likely to remain flat in 2001 and could even fall, said Kevin Ryan, the New York-based chief executive officer of US Internet advertising company DoubleClick Inc. "CPM (cost per thousand) will probably stay flat and might come down -- in Asia and worldwide," Ryan told reporters in Hong Kong at a news briefing on Thursday. CPM indicates the price advertisers pay for promoting themselves on the web. Lower CPMs would mean better and more efficient results for advertisers, according to Ryan. However, Ryan said advertising expenditure should increase ... ...Read the whole story

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