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...revolution, has had some often chronicled setbacks lately, losing hundreds of millions in the dotcom collapse. But GoTo, based in Pasadena, Calif., looks like a winner. GoTo's sponsored searches are ubiquitous. Along with the action on its own site, GoTo powers searches on most other major engines, including AOL, AltaVista, Lycos and MSN. GoTo's stock has quadrupled in a year, and in a punishing investment market the company raised an additional $60 million in funding last week...
TIME Magazine and Time Inc. have long stood for journalistic excellence. That excellence was recognized again last week when Time Inc. editorial director Walter Isaacson, who served as TIME's managing editor from 1996 through 2000, was named chairman and chief executive of AOL Time Warner's CNN News Group...
...AOL Time Warner CEO Gerald M. Levin said in announcing the move, "In his 23 years with Time Inc., Walter has distinguished himself as one of America's--and the world's--most perceptive, dedicated and respected journalists. His many achievements as a writer, correspondent and editor at TIME magazine culminated in his selection as managing editor, putting him in a line of succession that reaches back to Henry Luce and the foundations of our company...
...congratulate John on his appointment to the expanded position of editorial director, Time Inc., and wish Walter all the best at CNN. They are two extraordinary professionals who continue to bring great luster to AOL Time Warner's journalistic reputation...
...though, are just the beginning of a world in which advertising will be far more pervasive. If Williams gets his way, PVI will soon be digitally inserting products, not just brand names, into syndicated and prime-time programming. PVI is already negotiating with TNT (owned by TIME's parent, AOL Time Warner) and Studios USA to do virtual product placements on reruns of Law and Order this fall. A Coke machine could appear in the precinct background, or a Saltines box could sit on the D.A.'s desk...