Excite@Home, Dow Jones form Work.com

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Excite@Home, Redwood City, Calif., and Dow Jones & Co., New York, are forming a joint company called Work.com, which will provide content and services for small and midsize businesses. Dow Jones and Excite@Home will each own half of the new company, and are planning an initial public offering for Work.com's minority shares later this year, pending market and business conditions. Last year, Dow Jones and Excite kicked off sites aimed at the small business market. Dow Jones launched dowjones.com and Excite@Home's business-to-business division @Work opened Work.com. The combined site, which unites Excite@Home's Web hosting and application services with Dow Jones' editorial content, will launch later this year.

Copyright February 2000, Crain Communications Inc.

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