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Boosting the Online News Industry

The land news industry has seen some serious decline over the last decade as more new-seekers all over the world are turning to the internet for the information. Newspapers in particular have felt the pinch in the recent years as advertising revenues are down and circulation of the newspapers continues to decrease. In light of this sad fact, some news organizations are really beginning to step up their internet activities to include more online news sites, varied single interest sites, and even investments in the online casinos and within the internet gambling industry. Of prominent news is the fact that news giant Mecom has announced new internet gambling ventures are about to launch all over Europe as the company moves forward with aggressive internet efforts.

Mecom is a European newspaper group that has reported growing losses year on year as reliance on the land news industry becomes less and less viable. Mecom’s latest strategy is diversification – maintain the land news industry because it is still partially profitable and many individuals still use newspapers as their primary source for information – but also diversify holdings to include lucrative industries like the online casinos. Internet gambling is a huge market in Europe and Mecom’s new efforts to enter this market has the potential to seriously bolster the company’s yearly profits.

And while adding forms of online casino gambling may be a new step for Mecom, branching heavily into the internet industry has been the company’s strategy for a while now and the company has more than 200 Web sites currently in operation.