New Century: A House Divided

Nine media companies created New Century Network to link 140 newspapers online. But the venture was paralyzed by constant clashes. Some results:

-- Took 18 months to find a chief executive
-- Killed a plan to go public
-- Failed to run lucrative classifieds
-- Created a news Web site that competed with large papers
-- Failed to promote site
-- Generated little traffic and ad revenue

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Updated Mar. 12, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.
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