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AMERICAN CITY BUSINESS JOURNALS AND MICROSOFT ENTER INTO PARINERSHIP.

American City Business Journals (ACBJ; Charlotte, NC), a unit of Advance Publications (New York), has entered into a strategic partnership with Microsoft (Redmond, WA). As part of the deal, Microsoft has acquired a minority interest in ACBJ's bizjournals.com, a unit that operates Web sites for all 40 AGBJ local business journals. No terms were given.

Under terms of the agreement, business news from AGBJ's Web sites will be available to customers of Microsoft's bCentral Web site. Also, users of AGBJ's sites will be able to access online business services from Microsoft. Also, MSNBC.com, a joint venture of Microsoft and NBC News, will supply national business news to AGBJ's Web sites with AGBJ's 40 newspapers supplying local business news to MSNBC .com.

The amount of the Microsoft investment in biz journals.com was not disclosed, although AGBJ will retain a majority interest. AGBJ chairman/ceo Ray Shaw said "the real value of this relationship is that Microsoft has incredible services for small businesses and we have incredible. (content) resources.

Besides it 40 newspapers, ACBJ also operates Street & Smith's Sports Group, which publishes SportsBusiness Journal, three motorsports magazines and five sports annuals.
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Comment:AMERICAN CITY BUSINESS JOURNALS AND MICROSOFT ENTER INTO PARINERSHIP.
Publication:Business Publisher
Geographic Code:1USA
Date:Feb 15, 2001
Words:192
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