Web Disney Dumps $1 Billion
Disney's Internet arm Go.com has announced a loss of $1.06 billion infiscal 1999. Disney's Web division was formed three months ago to combineits Internet search engine Go.com, a co-venture with Infoseek, withDisney's other online assets, which includes ESPN.com, Disney.com andABCNews.com. The loss, which includes $956 million in depreciation andamortization expenses, widened from a loss of $991 million a year earlierand includes all of Go.com's new-media properties. Much of the negative