CUECAT PARENT PULLS IPO

Posted Wednesday, March 21, 2001 12:00 am

By: Lucia Moses Digital Convergence Cites Poor Economic Conditions

Digital Convergence Corp., whose :CueCat scanner links ads and editorial content
in newspapers and magazines to Internet sites, withdrew its plan to sell shares
to the public according to a March 21 U.S. Securities and Exchange Commission
filing.

The company, which was hoping to raise $110 million by selling 10 million common
shares for $11 each, cited poor economic conditions for its decision.

Among its biggest believers was Dallas Morning News parent Belo, which
invested $37.5 million in the company.

Lucia Moses (lmoses@editorandpublisher.com) is an associate editor covering business for E&P.

Related story:
WILL SCANNER BE CAT'S MEOW FOR BELO?

Copyright 2001, Editor & Publisher.

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CUECAT PARENT PULLS IPO

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