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The Internet units of other broadcast companies have also been cutting back.
Playboy Enterprises yesterday posted its first fourth-quarter profit since 1998 as sales rose at its video and Internet units.
The venture would have combined the companies' high-speed Internet units to serve 300,000 customers over cable television lines, mainly in Europe.
Telecom Italia runs fixed-line and wireless networks in Brazil, its biggest market abroad, and has fast Internet units in France and Germany.
The national phone company, Nacional Telefonos de Venezuela, said third-quarter net income soared fivefold on the strength of its rapidly growing mobile phone and Internet units.
The department store chains will directly supervise promotions, advertising and finances of the catalog and Internet units bearing their names, the chief operating officer, Terry Lundgren, said.
Similar(43)
Mobile Internet Unit is something of a misnomer, however.
Virtually every conglomerate rushed out an Internet unit.
The Internet unit has 1,000 employees, a company spokeswoman said.
Tunjang represents a new approach for the Mobile Internet Unit.
Major League Baseball's Internet unit is moving farther away from its roots on the diamond.
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