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Morgan Stanley controls the venture, which employs an army of stockbrokers.
Other publishers responded coolly to the news of Mr. Wylie's venture, which he named Odyssey Editions.
My friend James M. suggested changing it to a research venture, which is within my scope.
The venture, which included Talk magazine and Talk Miramax Books, folded in 2002.
The family's newest venture, which will launch next year, is called Marley Natural.
That venture, which was announced in March, is awaiting regulatory approval.
The venture, which will be based in Charlottesville, Va., will be led by a G.E. executive.
Shin will take a 60percentt stake in the venture, which will be named Capital OK.
S3 will keep a a minority stake in the venture, which was formed in November.
Sony Music later joined the venture, which has yet to open its site.
Another venture which proved a bust was a movie called "Keep Punching".
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