Terra Lycos To Introduce Charges In Response To Revenue Falls

Further evidence that the new media industry is still seeking a financially viable business model emerged this week as the president of Terra Lycos, one of the world’s largest internet companies, announced that in order to appease shareholders concerned at revenue slumps, the introduction of charges for its services could be on the cards.

Terra Lycos is expected to aim for an increase in the number of subscribers and move towards an all-paid business model. The company is part-owner of Lycos Europe, which announced recently that cuts in areas such as administration had succeeded in reducing third quarter losses.

It is thought that the introduction of charges may be applied to some Lycos Europe e-commerce services, which are paid-for already in some European countries, and some mobile phone site services.

Lycos: www.lycos.com

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