Cox Interactive to Cut 70 Jobs
ATLANTA (AP) _ Cox Interactive Media, which runs city-guide Web sites in 22 markets, plans to lay off 70 of its 450 workers nationwide because of weak advertising.
The Atlanta-based company operates sites such as accessAtlanta.com, Austin360.com, LAinsider.com, Vegasvalley.com and others.
Company spokeswoman Marleen Burford blamed a weak advertising market for the cuts, which are effective Friday. It was not clear how many of its 250 Atlanta employees would be laid off.
The company began operating in 1997 with a goal of profitability in five years. That goal is now 2004, Burford said. The company did not say whether it would shut down any of its Web sites.
Cox Interactive is a unit of Cox Enterprises Inc., a privately held media company, that also publishes The Atlanta Journal Constitution.
On the Net:
Cox Interactive Media, http://www.cimedia.com