Word: ticketron
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Dates: during 2000-2009
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...Responding to criticism that Ticketmaster was approaching monopoly status by the mid-1990s, Rosen told the New York Times his critics were fueled merely by "jealousy and envy." By then, Ticketmaster had already swallowed the company that had previously dominated the market, Ticketron, and was in the process of evolving its business model from selling tickets only over the phone and at retail outlets to the marketing them on the Internet. (Read "Going After Ticketmaster...
...setbacks have pushed the firm into deep financial trouble. Control Data lost $270 million during the first nine months of 1985, and the red ink could easily pass $300 million for the entire year. To help repay bank loans on which it defaulted last summer, the company is selling Ticketron, its electronic ticketing service, and other operations. An earlier attempt to raise badly needed cash by selling Commercial Credit, Control Data's financial unit, failed last year for want of a buyer willing to pay the asking price...