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The Rank for $ales Weekly Newsletter, page 5

(Continued)     October 9, 2004 edition
"I think the attack on CBS is an attack on mainstream media, an attack on the so-called 'liberal media.' To me, when you make a mistake, you apologize. You go back and review your standards."

"Tom Brokaw reads the news, but does he understand it?" Paranzino said in a statement. "Jihad is not Americans demanding reforms from an arrogant and biased media. Jihad is Islamists mowing down children for sport, blowing up families at Tel Aviv cafes, and in case he forgot, terrorists sending jet airliners into the World Trade Center and Pentagon." He added: "We will not be cowed into silence by Mr. Brokaw's intemperate remarks."

In news on Tuesday, the driving force behind search pioneer Overture, Bill Gross, is once again battling in Web search. The founder and CEO of famed venture capitalist Idealab plans to unveil a new search venture Tuesday at the first annual Web 2.0 Conference being held in San Francisco. Meanwhile, his venture fund has bankrolled a new localized service that ties online yellow pages with social networking.

Called Insider Pages, the Web site lets people sign up to connect with friends and mine their recommendations for local shops and services. The free product, still in experimental form for Los Angeles residents only, puts a new spin on social-networking services like Friendster by infusing it with the local insider feel of Craigslist.

Wholly owned and funded by Idealab, Insider Pages has yet to make a public debut. But company CEO and founder Stuart MacFarlane said he plans to introduce the service more fully in additional cities in the first half of 2005.

Idealab has been a weighty force in Web search since Gross founded Overture, formerly GoTo.com, in 1998. Against popular dissent, Overture sought to commercialize Internet search by allowing marketers to bid for a higher position in query results.

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