Eugene David ...The One-Minute Pundit |
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Thursday, January 05, 2006
Oops! Dow Jones's new CEO spills the beans:
MediaWorks: MarketWatch traffic has sunk notably since Dow Jones bought it and eliminated the CBS branding. What’s going on there? Mr. Zannino: It’s fallen less because CBS has come off the name and more because we discontinued a portal relationship we had with Yahoo Finance, which was drawing major traffic. We’re in discussions with Yahoo Finance now in renewing that agreement. But we are best served if MarketWatch is a destination site rather than relying on portals to drive traffic. If you’re Yahoo Finance, you’re competing with MarketWatch, so why would you want to drive traffic there? I've got an idea, Dick: spin off MarketWatch and make WSJ.COM FREE -- then maybe you wouldn't be talking about PORTALS.
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