VNU FORMS JOINT VENTURE TO LAUNCH EUROPEAN FINANCIAL PORTAL.In related news, VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User (Haarlem, The Neth.), through its VNU Business Online Europe division, has signed an agreement with Gatrixx AG (Berlin, Ger.) to jointly develop and operate a financial portal Financial Portal A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. with country specific sites for most major European financial markets. VNU said the new finance Web site will feature stock quotes, company news and research content covering all market segments with special focus on high technology and Internet companies. The first English language site is planned to go online in the U.K. in May. Local sites in France and The Netherlands are to follow this summer with further roll-out during the third quarter. VNU Business Publishing Europe recently created VNU Business Online Europe by combining its Internet operations. The new unit is active in six countries with its "IT Portal," VNUNet and its IT recruitment service, "IT Jobworld." The unit also recently started operating a joint venture with internet.com (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 ), the online information company retained by Alan Meckler after the sale of Mecklermedia to Penton in late 1998. Also, VNU reported 1999 revenue of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.809 billion, an increase of 15.8% over the EUR 2.427 billion reported last year. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. rose 20.4%, going from EUR 473.4 million in 1998 to EUR 570 million last year. Net income, however, fell 2.3%, going from EUR 250.7 million in 1998 to EUR 245 million in 1999. VNU said it paid approximately EUR 2.8 billion for Nielsen Media Research and a majority interest (54%) in NetRatings, and invested EUR 3.1 billion for all 1999 acquisitions, including the purchase of MacFadden Publishing, CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Media's British and French trade titles and related assets in South Africa, The Netherlands and France. |
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