CNN, Time Inc. Magazines to Combine Business Web Sites

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(AP) CNN and Time, both units of the Time Warner Inc. media conglomerate, said Monday they would combine their business and financial Web sites and relaunch them next January under a single banner.

The new site will keep the name www.cnnmoney.com, which currently features business news from CNN and from Money magazine, one of Time’s magazines.

Beginning in January, the combined site will also carry material from Time’s other business-focused magazines — Fortune, Fortune Small Business, and Business 2.0. The freestanding Web sites of those magazines — Fortune.com, FSB.com and Business2.com — will also be rolled into the new site.

The site will carry daily business news as well as market coverage and analytical stories by staff. It will also carry material produced by the CNN and Time business-related magazines.

Carrie Welch, a spokeswoman for Fortune magazine, said about 20 staff members would be added to the combined Web site, giving it a total head count of about 60. Chris Peacock, the executive editor of CNNMoney.com, will continue to run the site’s editorial content.

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