CBC enters portal wars on World Wide Web

Article Abstract:

Canadian Broadcasting Corp. (CBC) is expanding its presence in the World Wide Web as means to become the leading source for news and information in Canada. The company plans to double its budget on new media to take on rivals, including Sun Media Corp.'s Canoe, as the leading source for news. In line with its goals, CBC launched a New Media unit and named John Lewis as the unit's executive director. The Web site will use content from CBC's television and radio arms, and print journalists to write for the site. Of C$1.1 billion CBC operating budget, 1% goes to new media ventures, which includes the Web site.

Comment:

Is expanding its presence in the World Wide Web as means to become the leading source for news and information in Canada

Canada, Videotex & Teletext Svcs NEC, Internet services, Online information services, Canadian Broadcasting Corp.

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For sale sign up at Star Data

Article Abstract:

Star Data Systems Inc., a provider of financial services based in Toronto, Ontario, has announced it is considering strategic alternatives, which would include a possible sale or forming alliances, in order to lift its poor stock performance. Star Data, whose performance has been hurt by the growing competition in the financial service industry, gave no particular timetable for to come up with the deal. First Marathon Securities Inc., an investment firm, has been the agency hired by Star Data to help it evaluate, generate and consider strategic moves.

Comment:

Is considering strategic alternatives, including a possible sale or forming alliances, in order to lift poor stock performance

Ontario, Database Vendors NEC, Database industry, Star Data Systems Inc.

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