logo
Fri, Apr 13, 2001 EDT
fundsnav.gif (2552 bytes)
registration
account management
business home
home

Disney Decides to Keep a Revamped Go.com Alive
By Gary Gentile   Associated Press
  E-mail This Story

LOS ANGELES — Go.com will be staying, the Walt Disney Co. said Monday, announcing that rather than close the Web portal it will maintain the site using a former rival's technology to power its search engine.

Disney launched a redesigned site quietly last Wednesday, replacing its extensive series of articles and its powerful Infoseek search engine with links to content on other Disney-owned sites, including abcnews.com and espn.com.

In place of Infoseek — which Disney acquired in 1998 in order to launch its Go.com portal — searches will be performed by GoTo.com.

Last May, Disney agreed to pay Pasadena-based GoTo.com $21.5 million to settle a copyright infringement lawsuit.

When Disney launched its portal, the site used an emblem that had the word "Go" written in white letters on a green traffic light inside a square yellow case.

GoTo's logo had its name spelled in white on a green circle atop a yellow rectangle.

In January, the Walt Disney Internet Group said it would lay off 400 workers and shutter its money-losing Web portal. It said it would also sell some of its assets, including the Infoseek search engine.

Disney said Monday the decision to keep Go.com alive was made after "the opportunity presented itself" to make money from the traffic that still flows to Go.com.

"We can maintain the page at very little cost by taking feeds from our other sites," Michelle Bergman, Disney Internet Group spokeswoman, said. "We can still drive traffic to our sites and leverage our traffic as an asset."

Bergman would not disclose the terms of the deal. Calls placed to GoTo.com were not immediately returned.

"It's a good situation for both us and them," Bergman said.

More Marketwire More MarketWire News Top of Page


© 2000, News Digital Media, Inc. d/b/a Fox News Online
All rights reserved. Fox News is a registered trademark of 20th Century Fox Film Corp.
Data from Thomson Financial Interactive is subject to the following Privacy Statement
© 2000 Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.
© 2000 Reuters Ltd. All rights reserved