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Editing World Online

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Brink resigned from her job in April under pressure from employees and investors. In May, a class action was brought to a Dutch court alleging that World Online, its bankers, ABN Amro, and Brink broke Dutch securities regulations when the ISP floated on the Amsterdam stock market.
Brink resigned from her job in April under pressure from employees and investors. In May, a class action was brought to a Dutch court alleging that World Online, its bankers, ABN Amro, and Brink broke Dutch securities regulations when the ISP floated on the Amsterdam stock market.


[[James Kinsella (entrepreneur)|James Kinsella]], an American, previously CEO of [[MSNBC.com]], replaced Brink as Chairman of World Online in June.<ref>{{Cite news|url=https://citywire.co.uk/wealth-manager/news/world-online-brings-in-big-gun-to-get-back-from-brink/a207022?ref=author/rlander|title=World Online brings in big gun to get back from Brink|work=City Wire}}</ref> He curtailed marketing and the editorial department, and fired 150 employees at the Rotterdam corporate headquarters. He focussed on becoming a network operator and increasing subscriber numbers by introducing a flat-fee service, but the company was limited in its success of stimulating growth. Kinsella eventually sold World Online to Tiscali, an Italian competitor, in a deal that valued WOL at more than $5 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/SB968316153586040872|title=Tiscali Agrees to Purchase World Online, Creating Europe's No. 2 Internet Firm|work=The Wall Street Journal}}</ref>
James Kinsella, an American, previously CEO of [[MSNBC.com]], replaced Brink as Chairman of World Online in June.<ref>{{Cite news|url=https://citywire.co.uk/wealth-manager/news/world-online-brings-in-big-gun-to-get-back-from-brink/a207022?ref=author/rlander|title=World Online brings in big gun to get back from Brink|work=City Wire}}</ref> He curtailed marketing and the editorial department, and fired 150 employees at the Rotterdam corporate headquarters. He focussed on becoming a network operator and increasing subscriber numbers by introducing a flat-fee service, but the company was limited in its success of stimulating growth. Kinsella eventually sold World Online to Tiscali, an Italian competitor, in a deal that valued WOL at more than $5 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/SB968316153586040872|title=Tiscali Agrees to Purchase World Online, Creating Europe's No. 2 Internet Firm|work=The Wall Street Journal}}</ref>


==Sale to Tiscali==
==Sale to Tiscali==
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Wikidata entities used in this page

  • World Online: Sitelink, Title, Some statements, Miscellaneous (e.g. aliases, entity existence), Description: en

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