Feeds

For sale: ic24

Second hand, two years old, 250,000 users, £25m ono

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Trinity Mirror is to sell its ISP, ic24, the newspaper group confirmed today.

The media group said it "no longer regarded [it] as essential to the group's digital media activities".

In the two years the ISP has been up-and-running, usage numbers rose to 800,000 by December 2000 of which 224,000 were active users.

Of course, it's one thing looking to sell the business, it's quite another finding a buyer - especially in this current market. Analysts have reportedly put a price tag of around £25 million on the business.

Elsewhere, the group is to cut its digital media investment from £150 million to around £90 million by 2002.

It reported that its digital media division only returned revenue of £2.5 million for the year - significantly below expectations.

That said, it will continue with its regional "ic" branded Web sites and tie them in more closely with the group's regional newspaper operations. icShowbiz and icSport content will continue to enhance its national newspaper content-specific sites, the company said. ®

Beginner's guide to SSL certificates

More from The Register

next story
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.