Time Warner pulls plug on News Exchange

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Time Warner is ending its two-year test of interactive TV news at yearend, Time Inc. New Media Editor Paul Sagan announced to staffers today. In a memo, he said the News Exchange "will no longer be operated in its present form" at the conclusion of the test. News Exchange programming on the Time Warner Full Service Network in Orlando is provided by a variety of national entities, including CNN, ABC, NBC and Time Inc. magazines. A Time Inc. New Media spokeswoman said the News Exchange will incorporate only local news next year.

The shutdown of the News Exchange affects 30 Time Inc. staffers; the spokeswoman said the company would look to redeploy them elsewhere in the company. She said the decision to shut down the program is "totally separate" from the current restructuring of Time Warner and its newly acquired Turner Broadcasting System.

Mr. Sagan said in his memo that two other Time Warner new-media projects, the Roadrunner cable modem service and Pathfinder Web site, are "moving forward with full management support..

Copyright September 1996 Crain Communications Inc.

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