Abstract

Full-Court Press
Alterman, Eric | July 3, 2000 issue

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All 140 employees of the APBnews.com crime news site were let go with no warning, as the company's $27.1 million in start-up funds dissipated into a reported $7 million worth of debts in just one year. APB's attempt to revive itself by selling itself to Rupert Murdoch New Corp's sleazy empire also failed. The upshot of its spectacular flame-out as an independent enterprise is that professional web journalism is too expensive to survive without the support of large corporate networks. All these developments are depressing from a journalistic point of view.

See Also:

JOURNALISM; APBNEWS.COM (Company); EMPLOYEES; FINANCE; NEWS Corp.; JOURNALISTS
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