Rambus
Jan 31, 2001, 12:38 AM
LOS ANGELES (AP) — The Walt Disney Co. became the latest media company to slash its online operations, saying Monday it will shutter the Go.com Web site and fold its Walt Disney Internet Group back into the company.
The Group will operate under the same management as a Disney division overseeing such Web sites as Disney.com and ESPN.com. The consolidation will result in 400 layoffs.
The move comes only weeks after News Corp., the media empire controlled by Rupert Murdoch, said it was shutting down its online division and eliminating more than 200 jobs. Other media organizations, including The New York Times Co., have also recently announced cutbacks in their online operations.
For full story:
http://www.usatoday.com/money/dotcoms/2001-01-29-go-close.htm
The Group will operate under the same management as a Disney division overseeing such Web sites as Disney.com and ESPN.com. The consolidation will result in 400 layoffs.
The move comes only weeks after News Corp., the media empire controlled by Rupert Murdoch, said it was shutting down its online division and eliminating more than 200 jobs. Other media organizations, including The New York Times Co., have also recently announced cutbacks in their online operations.
For full story:
http://www.usatoday.com/money/dotcoms/2001-01-29-go-close.htm