CompuServe folds WOW!

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CompuServe said today it will fold its online service WOW! as of Jan. 31 and launch CompuServe for Business, designed for professionals and business people, early next year. Both moves come as part of The company today reported a loss of $58 million for the second quarter ended Oct. 31, including an after-tax charge of $4.9 million to shut down WOW! and a $24.5 million after-tax charge due to accelerated amortization of previously capitalized subscriber acquisition costs. CompuServe said membership in its flagship CSi service was flat at 3.3 million as of Oct. 31. Membership in WOW!, which launched in March, had reached only 102,000.

Copyright November 1996, Crain Communications Inc.

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