Summary:

Lycos Europe is Feeling the Slump: European internet portal Lycos has announced a sharp drop in revenues for the third quarter fall to £57m…

Lycos Europe is Feeling the Slump: European internet portal Lycos has announced a sharp drop in revenues for the third quarter fall to £57m, a drop of 22 percent drop compared with the same period last year. Despite enjoying some success with introducing paid-for services and signing a multimillion pound deal with Manchester United to develop community-based features for the club, Lycos is continuing to feel the shockwaves of the dotcom crash and the advertising downturn.

The company expects a substantial increase in its premium services revenues during the next year, according to the story.

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By Rafat Ali

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