Magazine article Editor & Publisher

Seeds of Second Dot-Comming?

Magazine article Editor & Publisher

Seeds of Second Dot-Comming?

Article excerpt

The last days of 2000 also were the last days of a number of dot-coms, including content sites. No newspaper Web sites went out of business, but there were layoffs in newspaper-related new-media departments.

Most recently, Rupert Murdoch's News Corp. - parent of the New York Post - announced Thursday it planned to realize "significant cost savings" by closing News Digital Media, its U.S. online subsidiary. In this bleak environment, what's a newspaper Web site to do?

"We'll probably be more careful as to who we do deals with," said Tony Lee, editor in chief and general manager of CareerJournal.com, the free employment site of The Wall Street Journal. Like many Web sites, CareerJournal had relationships with other dot-coms that went belly-up last year. Lee thinks many site managers were too quick to sign deals with startups that had good ideas or cool technology. "Unfortunately, three months later, they're gone," he said.

Lee is among the crowd that thinks newspapers may actually benefit if the dot-com shakeout continues. "In a downturn, papers aren't affected like startups," he said. …

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