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Financial news web site TheStreet.com has introduced another subscription-only product. The fee-based report, the Daily Swing Trade, first came out on Friday. It includes analysis of stocks and markets, plus stock picks. The newsletter is devoted to trader and financial commentator Alan Farley’s signature buying technique, which is called swing trading. The Daily Swing, which comes out on evenings during the workweek, represents just the latest attempt on TheStreet’s part to supplement its meager advertising revenue. The newsletter is TheStreet’s ninth new subscription-based product. Daily Swing Trade joins the likes of the Chartman's Top Stocks, Era of Value, and The Tech Edge. TheStreet officials say that their subscribers are generally willing to pay for highly targeted and expensive subscription products like the Daily Swing Trade, which costs $99.95 a month.
EBay and Yahoo: We’re not merging Japan operations
The Japan branches of portal Yahoo and auction site eBay have denied rumors that they will merge. EBay has faced speculation that because its Japanese unit is not flourishing to the same extent as its U.S. operations, it is looking to somehow solidify its business. One way would be to team up with a rival online auction business, specifically Yahoo’s. According to the Financial Times, eBay and Yahoo are in talks to combine their Japan auction operations. But eBay officials deny that any such meetings ever took place. EBay officials also deny that the company is planning to sell its Japanese operations.
Hearst is restructuring its internet operations
Hearst has announced that it is restructuring its internet operations, known as Interactive Studios. The publisher describes the change, which will affect the web editions of magazines including Esquire, Cosmopolitan and Harper’s Bazaar, as a shift in focus. Henceforth, Interactive Studios will concentrate on working with Hearst’s other units rather than on producing web content. Part of the issue is that because Hearst invested $40 million in women’s portal iVillage, which acquired rival Women.com, Hearst’s magazine content can be accessed from iVillage sites. A Hearst official told Reuters that the availability of Hearst's material through iVillage renders much of Interactive Studios’ work redundant. Hearst isn’t saying whether layoffs are pending.
Hackers may have hit DrudgeReport.com
Readers of the typically right-wing Drudge Report were in for some surprising hyperlinks when they logged on last Tuesday and Wednesday. On the left side of the page, a couple of links to news stories from 1996 were posted, titled “President Clinton wants Senate to hurry with new anti-terrorism laws,” and “Decries Congress’ response to proposals.” The point of the articles was to illustrate that Clinton was trying to enact terrorism strictures that Republican leaders fought against. That the old, pro-Clinton links were posted aroused speculation that the Drudge Report was hacked. According to a report in Salon, a Salon reader who seems to be affiliated with lefty weblog Bartcop.com claims that “one of us” broke into DrudgeReport.com and pasted the links. But the Salon story questions the notion of a hacking, arguing that Matt Drudge, the proprietor of DrudgeReport, probably posted the link himself for some reason because he aggressively controls the site. Drudge thus far has issued no comment.
Unofficial AA owners win right to keep domain name
In an unusual decision from the arbiters of internet domain names, the ownership of AlcoholicsAnonymous.org will stay with its proprietors and will not be given to the national organization Alcoholics Anonymous. The site's several pointed disclaimers that it is not in fact in any way associated with AA were cited as crucial by the World Intellectual Property Organization's Arbitration and Mediation Center in its decision. AA claimed the owners violated the use of its trademark and used the site in bad faith. While the site originally hosted pornographic material, it has since been reincarnated as an unofficial AA forum, providing alcoholism-related lists, message boards and chat rooms. In a message on its front page, the owners assert that AA of New York began to object to the site only after it began to offer forums to AA members that the AA could not censor. The WIPO board usually sides with trademark holders in domain disputes and stressed that this decision does not signal a precedent for other cases.
January 14, 2002 © 2002 Media Life
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