Information Security News mailing list archives

ZDNet UK up for sale?


From: InfoSec News <isn () c4i org>
Date: Sat, 11 Aug 2001 01:48:50 -0500 (CDT)

http://www.theregister.co.uk/content/23/20959.html

[Who wants to help me buy ZDNet UK? With any luck maybe I could buy
the whole show for $1  :)   -WK]

By Kieren McCarthy
Posted: 10/08/2001 at 16:53 GMT

Staff at ZDNet were told this morning that 12 people were to be made
redundant. One of them is believed to be ZDNet UK's editorial director
Tony Westbrook. Most of the remainder came from GameSpot -
understandable considering the state of the online games market at the
moment. More redundancies are expected to follow.

More significant than this, however, the whole of ZDNet UK is believed
to be up for sale. Last year, CNet bought ZDNet. Soon after it started
making job cuts. The cuts have so far been centred on the US, but it
looks as though the axe is beginning to fall elsewhere.

As one clear indication of CNet's future intentions, this week it
launched a UK version of its news.com site at http://uk.news.com. The
news site follows the same design as parent news.com site but runs
exactly the same stories in the same order with the same headlines and
graphics as the ZDNet UK news site.

News staff at ZDNet were in a meeting all morning, as indicated by the
complete absence of UK-written stories. Instead, Reuters, ZDNet US and
CNet US made up the content.

CNet is thought to be looking for buyers for the ZDNet brand and the
current favourite is Terra Lycos, although who knows what company may
come out the shadows.

ZDNet has failed to return calls regarding the situation.



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