The failure of new media
The media business has invested a lot of money and hope in the Internet over the past three years. So far, it has been a disappointment
LAST year, NBC's Internet strategy was the envy of the media world. The American broadcasting network had started investing early and amassed a portfolio of assets while Internet share prices rocketed. In November, it rolled them together and floated them as NBC Internet.
This article appeared in the Business section of the print edition under the headline “The failure of new media”
From the August 19th 2000 edition
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