CNET partners with StrategyEye and Reuters for in-depth news portal

Mon Apr 21 2008, 16:46 PM

US online media network CNET is partnering with news providers including StrategyEye, Reuters and Seeking Alpha to provide feeds for its new portal, BNET Industries. Launched on Apr 15, BNET offers in-depth news and information on some 9,000 companies across 11 sectors and will target business managers. The site is free to access and is supported by advertising, including from Adobe, Bank of America and Microsoft. The deal is the first global partnership for London-based StrategyEye, which launched in Apr 2006 and serves clients in Europe and the US.

Deal Details

Both BNET and StrategyEye, which uses contextual meta-data to pull in and organise feeds on relevant companies and categories, help executives monitor their market, says Nick Gregg, CEO of StrategyEye. "Our value-chain mapping coupled with the accuracy of our article indexing will allow BNET users to quickly understand the context of any event and easily assess its broader strategic impact."

The news comes as CNET is embroiled in a proxy battle with a consortium led by hedge fund Jana Partners. The dissident shareholders, who own more than 21% of the firm's stock, say CNET needs a new strategy to revive its business.