By: Dave Astor
This past July, Factiva.com made its debut during a summer of dot-com becalmings. So why might this new entity succeed when other online companies have failed?
“We have a publishing heritage,” said Factiva President and CEO Clare Hart.
Indeed, Factiva is a 2-year-old joint venture of two companies well-known in journalism circles: Dow Jones and Reuters.
Factiva.com is a Web-based news and business-information service that combines the strengths of Dow Jones Interactive (DJI) and Reuters Business Briefing (RBB). For instance, DJI had more sophisticated search functions, while RBB was stronger in the area of photos.
The constantly updated Factiva.com gives customers access to nearly 8,000 sources in 118 countries, including more than 270 newswires and 1,000 newspapers — such as The Wall Street Journal, The New York Times, the Financial Times in London, Le Monde in Paris, the South China Morning Post in Hong Kong, and 29 Knight Ridder papers. Archives now go back more than two years and should extend to three decades by the year’s end.
Sources are paid royalties based on usage of their content — which includes news stories, other articles, market research, investment-analyst reports, and stock quotes. Factiva also has added information and links related to Sept. 11’s terrorist attacks, which had a minimal impact on Factiva’s operations.
Factiva has 880 staffers in 58 offices in 34 countries.
There are about 1.5 million subscribers to all of Factiva services, including individuals and companies in such areas as financial services, telecommunications, computers, pharmaceuticals, and media. Subscribers (who include newspaper people) don’t get linked to other Web sites, because, Hart said, “We integrate all the content in our database.”
CHICAGO MEETINGS OFF AND ON
NFC Cancels, AASFE Will Still Gather
The Newspaper Features Council (NFC) has canceled its Oct. 3 meeting at Chicago’s Drake Hotel, but the Oct. 3-6 American Association of Sunday and Feature Editors (AASFE) convention at the same location was still on as E&P went to press.
NFC President Sid Goldberg said that even before the World Trade Center disaster, the organization was expecting a low turnout because of tight budgets at many newspapers. Then, several other people dropped out after Sept. 11, bringing expected attendance down to about 50.
“Editors felt they should stay close to their desks during such a heavy news period,” said Goldberg, senior vice president and general manager of United Media.
A poll of editors who had signed up for the AASFE gathering indicated that more than 75% still planned to attend despite Sept. 11, which will now be one of the meeting topics.
INFO FOR CORPORATE WEB SITES
TMS Introduces ‘FluentMedia’ Service
Tribune Media Services has launched “FluentMedia” to give corporate Web sites customized access to news, analysis, and commentary from various media sources.
Among the source newspapers are the Chicago Tribune, the Los Angeles Times, and The Washington Post.
PRODUCT HELPS AFTER SEPT. 11
It’s Introduced By ScreamingMedia
ScreamingMedia has introduced “NewsFrame,” a customizable product that enables Web sites and corporations to offer information in the aftermath of the Sept. 11 attacks.
NewsFrame includes news, a missing-persons resource center, a grief-assistance resource center, and more.