CBS.MW IPO...In Perspective--Barnes & Noble IPO, etc.
Barnes & Noble Sets IPO for Online Unit
Shares of Barnes & Noble jumped 10 percent Thursday morning after the bookseller announced an intention to spin off its online operations in an initial public stock offering. The company said it will file with the Securities and Exchange Commission for the BarnesandNoble.com IPO within 30 days. A company spokesperson said Barnes and Noble (BKS) will hold about 80-percent ownership in the online unit after the IPO. The retailer's shares closed the day up about 8 percent at 40 1/16..."
Investment Sites Add Staff
"Investment Web sites CBS.MarketWatch.com and TheStreet.com announced they are adding almost a dozen journalists to their staffs. TheStreet.com added Kambiz Foroohar as features editor; Foroohar was formerly executive editor at Forbes Digital Tool. TheStreet.com's staff will expand with the arrivals of former Worth magazine investing editor Leland Montgomery and Microsoft Investor assistant markets editor Aaron Task. Among the CBS.MarketWatch.com additions is the creator and editor of Internet Daily, Frank Barnako. Other CBS.MarketWatch.com hires include former Dow Jones financial writer Suzanne Miller, former Bloomberg News reporter Stephanie O'Brien, Internet columnist Rebecca Eisenberg, sports columnist W.D. Murray, legal columnist Pamela MacLean, and former America Online Market Center co-developer Simon Walsh. Internet Daily is published by CBS.MarketWatch.com..." © 1998 InfoBeat Finance--Internet Daily
Barnes & Noble IPO could spur other spinoffs
"Book retailer Barnes & Noble's decision to spin off its Internet unit into an initial public stock offering (IPO) could lead other media giants into taking a drink from the potentially lucrative Internet public offering market.
Time Warner Inc.'s Pathfinder, CBS Market Watch, ESPN SportsZone and Microsoft Corp.'s Internet properties are among those sites that could be next to go public, given the right conditions, Web market-watchers said. "Time Warner has already created a separate business unit [for some Internet properties] with its Time Inc. New Media unit, so an IPO is definitely plausible," said Erica Rugullies, an electronic commerce analyst with Giga Information Group, in Cambridge, Mass..." source: © 1998 ZDNet
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