Conde Nast reunites mag and web site with purchase of Wired News.Lycos (Lycos, Inc., Waltham, MA, www.lycos.com) One of the major Web search and content sites on the Web. In 2000, Lycos and Terra Networks, S.A., the leading provider of content and Internet access to the Spanish and Portuguese markets, merged to become Terra Lycos. , Inc. (Waltham, MA), a subsidiary of Daum Communications Corp. (Seoul) and an operator of community and technology lifestyle web sites, has sold Wired News Wired News is an online technology news website, formerly known as HotWired, that split off from Wired magazine when the magazine was purchased by Condé Nast Publishing in the 1990s. Condé Nast later purchased Wired News on 2006-07-11. (wired.com) to Conde Nast Publications, a division of Advance Publications (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), for $25 million. Wired News provides daily information, news and features on the impact of technology, science and the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the on business, politics, culture and lifestyle. It is also the online home of "Wired Magazine," a title owned by Conde Nast. Lycos acquired Wired News as part of the Wired Digital acquisition in June 1999. The current deal includes the sale of Wired.com and Wired News assets only and excludes the Hotbot, Hotwired and Webmonkey sites. Steve Newhouse, chairman of Advance's Advance.Net web division said that "we are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to be bringing Wired News back into the fold after eight years of separation from the print publication, especially since it comes at a time of exploding growth and creativity on the web, and huge momentum for 'Wired Magazine.'" Conde Nast's initial investment in the magazine, a minority stake, was made in January 1994. The title was launched in January 1993 and targeted to "creators, managers and professionals" in the business information, design, entertainment, education, media and related information industries. |
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