Thoughts From Spain

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Yesterday I was in England and ended up in Spain. Arrival in Spain brought good news that our Jupiterimages operation had launched the new Jupiterimages Web site in Spanish. This launch now means that we have versions of Jupiterimages.com in Spanish, French, German and English versions from the USA, Canada and Australia. The melding and integration of our many acquisitions has been time consuming but progress is continuous and of course this aids sales growth.

During my travels I grabbed a few newspapers to read about News Corp's bid for Dow Jones and the venerable WALL STREET JOURNAL. Readers know that I have been calling on Yahoo! to purchase Dow Jones.

The interesting thing to me about this possible deal is the Web business. I believe that News Corp and Rupert Murdoch understand that owning Dow Jones means a huge Internet victory. The WALL STREET JOURNAL and related financial assets will make News Corp an immediate power in the financial media world. News Corp will have yet another vertical power position on the Web to go along with its consumer position with MySpace and its various newspaper Web sites worldwide.

This possible acquistion is a brillant Internet move not to mention a great acquisition in terms of Murdoch's positions with other mediums such as television, cable and print.

Finally I was humored to read that 888 Holdings - a public Internet gambling company in the UK is thriving despite the new restrictive USA online gambling laws. The company reported yesterday the USA legislation last year initially took away 55 percent of its revenue. However the company has overcome this roadblock and profits rose 34 percent.

The real loser here is the government of the USA. Online gambling is now a fixture worldwide. Revenues are jumping. The USA is hurting American enterprise and losing out on significant tax revenues.

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