By: Staff reports
CNI Ventures To Concentrate On Development
Central Newspapers Inc. (CNI), publisher of The Arizona Republic and Indianapolis Star, has created a new business unit – CNI Ventures – to handle the company’s investments in the Internet and technology sectors. CNI Ventures will focus primarily on investments that develop delivery methods for news and information. Central’s existing newspaper Web sites, such as Arizona Central and StarNews.com, will not become a part of the Ventures division, but remain a part of Central’s core business. CNI’s previous investments that will fall under the Ventures umbrella include BrightStreet, a provider of online promotions management solutions; E Ink, a developer of electronic display technology; Event411, a creator of online event-planning tools; and WaveShift, a creator of systems and software for new media. Incpad, CNI’s high-tech job site that was, until recently, called Westech Virtual Job Fair, will continue to be a part of Central’s main Internet activities along with the newspaper Web sites.
Howard I. Finberg, director of technology and information strategies, has been given the added responsibility of vice president at CNI Ventures in order to coordinate the investment committee. ~~~~~~~~~~~~~~~~~~~~~~~~~~`
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