Wednesday 03 March 1999
Caught in the Net: What happens when the clogs at the telephone company get into a joint venture with two glamorous cutting-edge media companies? You get LineOne, the Internet joint venture of BT, News International and United Newspapers. LineOne is currently pulled off to the side of the infobahn awaiting some sort of digital AA man. But is there anything to salvage? The notion was that British consumers would stampede for an online service featuring topless page three girls from the Sun plus the exciting content of the Daily Express. With only 70,000 subscribers after two years, the service is an also-ran, a minnow next to Dixon's Freeserve (1 million) and NASDAQ-quoted AOL (550,000). Now the LineOne partners are squabbling over what to do next.
Perk watch: Now everyone will be wanting one. DaimlerChrysler has ordered an Airbus 319 with 46 seats to shuttle executives between its two headquarters in Stuttgart and Detroit. Good choice: it's a sweet flying jet. The Germans have ordered it equipped for all the normal business services (phone, fax, e-mail) and passengers will be expected to work. Not all executives are keen. On Lufthansa they turn out the lights and order you to sleep.
Goldman's ambition: The story so far.... Last autumn Goldman were about to become the richest bankers in the world, then the market collapsed and Goldman lost a bundle of money. The float is back on. Perhaps there will be a revival in the country house market after all. Meanwhile, Goldman's new London command bunker is rising. Structural work is nearly complete on the vast new extension behind the Grade I listed modernist black facade of the former Daily Express building, known to generations of hacks as the black glass Lubyanka. The new building will be connected by an air bridge to Goldman's current lair, the granite money factory on the site redeveloped by Goldman behind the preserved Daily Telegraph facade. Goldman now controls a larger frontage on Fleet Street than any press baron ever did.
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 2 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
- 5 This crazy skiing video will leave you feeling queasy
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', says head of BBC Arabic Tarik Kafala
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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