Priceline most popular holiday travel site
Published:
17 December 1999 y., Friday
** Bertelsmann AG_s BMG Entertainment music label has made an equity investment in nine-month old Silicon Valley Web company, Riffage.com , whose Web site promotes relatively unknown musicians and unsigned bands. Other investors include America Online (AOL) and several investment firms. Riffage.com chief executive Ken Wirt said the $21 million of new investment would be used to enhance the site_s filtering and personalization functionality for users interested in downloading music files. Wirt welcomed the involvement of BMG, one of the majors in the music business, telling Reuters, "Initially the music guys were nervous of this, but eventually they came around." Kevin Conroy, BMG Entertainment senior vice president, said, "BMG is committed to using the Internet to provide greater exposure for our artists and to create a digital connection between our artists and their fans."
** With 3.2 million unique home visitors in November, Priceline.com (PCLN) emerged as the top site for US Internet users shopping for information on Thanksgiving holiday air travel, according to a study released by PC Data Online. Travelocity.com and Expedia.com (EXPE) followed with 2.8 million unique visitors (8 percent increase) and 2.1 million (6 percent increase). The study also revealed that most home Internet users reserved their Holiday flights through direct channels as opposed to travel agents. Thirty- two percent booked flights online, while 31 percent booked flights by telephone directly through an airline. Twenty percent booked through a travel agent. "Thanksgiving air ticket sales reinforced that direct booking -- whether online or by telephone direct to an airline -- is eliminating the middleman in air transportation," said Jeff Moulton, Internet analyst for Reston, Va.-based PC Data Online.
** CMGI (CMGI) said it will acquire Yesmail.com(YESM), a company which uses e-mail for marketing and promotions. Chief executive officer David Wetherell said his company would pay $500 million in CMGI stock for the promotion company, saying the acquisition "is an extension of our firm belief in the phenomenal value of the Internet as the ultimate direct marketing channel."
Circuit City Stores (CC) said it will promote America Online_s (AOL) services in its 615 stores, and also become an anchor tenant in AOL_s e-commerce areas.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday.
more »
Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday.
more »
Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency.
more »
Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies.
more »
How should the EU's farm policy be reshaped and how should it be funded after 2013?
more »
MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses.
more »
Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets.
more »
New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy.
more »
The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid.
more »
The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union.
more »