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Charles Schwab & Co., Inc.
Internet Daily for Tuesday, July 31, 2001 by Frank Barnako CBS MarketWatch.com ----------------------------------------------------------------- Web radio listening nearly doubles The total time spent listening to Internet radio stations last week rose 5.5%, according to MeasureCast Inc. The research firm's index ended the week at 199, indicating Web listenership has risen almost 100% since January. Nine of the 10 most popular Web channels are available only on the Internet, including Mediamazing.com, VirginRadio.co.uk and Disney's ESPNradio.com. Together, the top 10 signals reached a total of 128,517 listeners. "Now is the time for the industry to band together to demonstrate to advertisers and ad agencies that streaming audio and video are powerful new media for promoting product and generating brand recall," said MeasureCast CEO Ed Hardy. ----------------------------------------------------------------- Tech troubles affect Penton Penton Media Inc. blamed weakness in technology markets for weak results in its second quarter as it announced plans to cut staff by 10% by the end of the year and eliminate some operations. "We have experienced a profound impact on our print media properties serving technology and manufacturing markets, as well as on our Internet World Spring trade show," said Chairman Thomas Kemp. Penton said revenues in the second quarter declined 2.1% from a year ago to $106.1 million, resulting in a loss of $5.5 million, or $0.17 per share. Kemp did not offer much optimism for the trade magazine and conference company, saying the slump in advertising revenues is the "most severe decline in a decade ... we have extremely limited visibility." Publishing revenues fell 4.3% during the quarter, while sales in the trade shows and conferences unit slipped 13.8%. ----------------------------------------------------------------- Yahoo to build site for Sony Yahoo said a new 'Sony on My Yahoo' Web site would become the default start page for the consumer electronics firm's new Internet access service. The site is one of several elements included in a multi-year agreement. Financial terms were not disclosed. Yahoo personnel will also provide consulting services to Sony to develop a portal for customers to use the company's content, products and services including online games and SonyStyle.com. ----------------------------------------------------------------- Amazon.com downplays auctions Amazon.com has cut staff and resources dedicated to its 2-year-old online auction business. "If they're looking at areas to trim the fat, obviously this seems to be one of them," Jeetil Patel, an analyst at Deutsche Bank Alex Brown, told CNET news. Among the cuts has been a reduction in customer service support for sellers. Amazon's share of online auction sales was 2% in May, according to Nielsen/NetRatings. Company representatives told CNET that Amazon would stay in the auction business. ----------------------------------------------------------------- AOL refocuses online photo service AOL Time Warner's America Online is revamping its "You've Got Pictures" service. In partnership with Eastman Kodak, additions to the service will include free online photo storage and new pricing for photo processing and online delivery. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ################################################################# Log in using the links below to: Access your account: https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y View your Email Alert customization options: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Perform research or request a market quote: https://investing.schwab.com/trading/start?SANC=Quotes Place a trade order: https://investing.schwab.com/trading/start?SANC=TradeStock To visit Schwab's home page, use this link: http://www.schwab.com/ ----------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts Now you can receive graphics Email Alerts in HTML format, using helpful, full-color graphics and active Web links that connect you directly to information you want. Use the link below to log in and change your email format preference: https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (1000-8752) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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