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Reuters Group said today that it planned to reposition itself as a highflying Internet concern.
The thornier policy issues raised by the Internet concern privacy and antitrust matters.
"We've been slowly building this little internet concern over the past few years," he said.
One of the members of the investment group that backed the July transaction is Tencent, the big Chinese Internet concern, Mr. Kotick pointed out.
An accountant for an Internet concern makes 44percentt more than someone who does a similar job for a hotel or grocery store.
[C4.] Reuters to Shift Focus to Internet Reuters said it planned to reposition itself as an Internet concern, sending shares of the company up 23percentt.
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Though some of the less sturdy Internet concerns may, in fact, stagnate, he said, the category leaders will not.
Valuations of Internet concerns vastly exceeded the values that investors assigned to companies unlucky enough to own tangible assets.
She tells of Internet concerns that fired employees without documenting bad performance, in violation of their policies.
CBS, which has agreed to be acquired by Viacom, owns outright or has a stake in nearly two dozen Internet concerns.
As many as 50 Internet concerns in countries like China, India and Singapore are likely to go public this year alone, more than double the number that did so last year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com