Word: newmedia
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...sensible incubators have also had a tough time navigating the new landscape. "We made a number of absolutely terrible investments," says Michael Whitaker, ceo of Britain's NewMedia Spark, which last December wrote down the value of its investment portfolio by about $65 million. "We just got carried along by the general euphoria." The lesson? "Investment is about people," he says. "I think I knew that, but I just forgot it for a minute...
...information from a buffet of sources. So when German media giant Bertelsmann last week took control of RTL, Europe's biggest TV company, interactive programming suddenly looked a lot closer. "We are significantly pushing ahead on the interactive TV front," says Thomas Hesse, ceo of the newly formed RTL NEWMEDIA group. The firm hopes to roll out its interactive service in Germany by summer...
...system for playing CDs on Apple and IBM-compatible personal computers. Even Nintendo has announced plans to attach a compact-disc drive to the latest version of its video-game machine. "After years of public relations hype," says David Bunnell, publisher of a start-up magazine called NewMedia, "multimedia finally is for real...
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