Financial News Provider WebFN Closes Down


Three years after opening shop as an Internet-based financial news provider, WebFN is calling it quits. WebFN was launched in January 2001 as a joint venture between Weigel Broadcasting and Bridge Information Services, a financial news agency that went bankrupt and is now defunct.

Also see the WSJ story, WebFN to Shut Down
Streaming Video Operation
: “Usage of WebFN’s streaming video is on the uptick even as the service shuts down, said Mr. Reichblum. In April, viewers watched WebFN video for 350,000 sessions, for about an hour per session, compared to 273,000 sessions at an average of about 15 minutes each a year earlier.”

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