InternetNews Staff

When America Online Inc. announced its $4.2 billion acquisition of Netscape Communications Corp. in November, one question many was asking was what role Marc Andreessen would play in the new company. That question has apparently now been answered. Andreessen, Netscape’s co-founder, has agreed to become AOL’s chief technology officer, according to published reports. Andreessen will […]

The SABRE Group in Fort Worth, said that its Travelocity.com site recorded more than $9 million in sales for the week ending Jan. 10. Online revenue in 1998 for The SABRE Group’s consumer-direct products, including Travelocity.com, was $285 million, more than double that of the previous year, the company said. “We believe our 1998 revenue […]

Oakland, CA-based TicketWeb USA said it established TicketWeb UK in a joint venture with the McKenzie Group Ltd., owner of Brixton Academy and Shepherd’s Bush Empire, two of London’s most popular music venues. TicketWeb UK will be a full-service ticket distributor taking orders over the Internet, by telephone and via fax. Financial arrangements with McKenzie […]

Affiliate network technology and services company Free Inc. signed an agreement with American Greetings Corp. to build and manage the American Greetings branded affiliate network program. Through the Be Free program, American Greetings will make available its products in context to a network of affiliate sites, offering commissions of up to 40 percent on initial […]

HyperBanner.net in Israel, an international banner-exchange network, signed a partnership deal with Refer-it.com, a directory of revenue- sharing programs, to offer its users Refer-it’s proprietary “Cash-It” listings. HyperBanner.net and Refer-it will share in the advertising revenues. Launched in December 1997, Refer-it’s database includes descriptions and ratings of more than 400 affiliate/bounty programs, including Amazon.com, Barnes […]

New York City-based 24/7 Media Inc.is taking a $4 million majority stake in London-based InterAd Holdings Ltd. and launching a European ad network called 24/7 Media Europe. Separately, 24/7 said it plans an additional public offering of 4 million shares of common stock (see story below). Under the terms of the deal, 24/7 Media will […]

Internet ad network 24/7 Media Inc. in New York City said it filed a registration statement with the SEC for a follow-on public offering of 4 million shares of common stock, of which 2 million shares will be offered by the company and 2 million will be offered by existing stockholders. The company said it […]

Community site operation GeoCities renewed its marketing agreement with book and music retailer Amazon.com. According to the agreement, GeoCities will provide Amazon.com with banner advertising and merchandising placements throughout the site and participate in the Amazon.com Associates program, which allows GeoCities members to sell Amazon.com videos, CDs and books through their Web Sites. Financial arrangements […]

Interactive direct marketing agency i-traffic in New York City named Brad Epstein as its creative director. Epstein will report to i-traffic CEO Scott Heiferman. Most recently, Epstein held the position of senior vice president, group creative director at the direct marketing agency, Rapp Collins Worldwide. There he was responsible for overseeing the creative product for […]

AT&T Corp. is reportedly considering selling its WorldNet Internet provider unit to cable ISP @Home Corp. to better position itself to compete with America Online Inc. According to published reports, @Home would pay AT&T $1 billion in stock to take over the service. @Home would then take over WorldNet’s 1.3 million residential customers and the […]

Time Warner Inc. is said to be looking to take a stake in several leading Internet businesses, including music retailer CDnow Inc. and search engine Lycos Inc. If the media giant does follow through on the speculation, it will be an about-face considering the company has previously said the high valuations of today’s Internet leaders […]

The Internet Corp. for Assigned Names and Numbers is considering an international lottery to pick the five companies that will be the first competitive domain name registrars once Network Solutions loses its government-granted monopoly. According to published reports, Esther Dyson, ICANN’s interim chairperson, hopes to see competition for registering the three most popular top-level domains, […]