The opinions expressed in this editorial are those of the author and do not necessarily reflect those of Decima Reports.
New media, Internet sectors should “self-regulate” ahead of government
Brian Jennings has been appointed VP and CFO of Iceberg Media.com Inc, Toronto. Jennings is a CA from Ernst & Young Inc where he held the position of VP. He spe-
cializes in complex corporate restructurings. Iceberg is in the process of launching an all-Canadian content site in partnership with Canoe called Jamcaster.com. It already operates an entertainment portal at www.icebergmedia.com including audio and video.
CNM Short Takes
WSi sells wireless stake
WSi Interactive Corp, which currently holds a 40% stake in Ariel Wireless Technologies Inc, is swapping its shares for six million shares of Petra Resource Corp. On completion of the deal, Ariel will become a wholly owned subsidiary of Petra. Theo Sanidas, WSi's president, will become a director of Petra on closing. Ariel's main asset is a worldwide, non-exclusive OEM agreement with a "leading European provider of wired and wireless communication hardware and software products" which overcome last-mile hurdles using RF components in the unlicensed 2.4 GHz frequency. WSi is a Vancouver-based incubator of content and infrastructure startups.
CANARIE takes loosely-structured approach to first-round learning projects
CANARIE Inc is investing $10 million in a variety of different projects in hopes of identifying which technologies hold the most promise for online learning. A close scrutiny of recently funded projects will also determine whether future new media applicants can expect a larger share of the $15 million available until 2004, which could be as early as this fall.
Funcow expands marketing channels for free Internet access service