Under the terms of the agreement, announced Oct. 23, Time Inc. New Media will be responsible for sales and marketing for the site, which does not yet have a domain name. Telescan will provide its financial database, research tools, Web development and management. The companies will share in subscription, advertising and other revenue from the site, expected to launch early next year. The company also expects to sell bulk licenses to brokerages and other institutional clients.
Copyright October 1997, Crain Communications Inc.