>h4>Online sales soar after Thanksgiving
By Frank Barnako, CBS.MarketWatch.com
Last Update: 10:29 AM ET Nov. 28, 2001
Online shoppers spent more money Monday than they did during the Thanksgiving weekend, according to Comscore Networks. The estimated $220 million in business was also the most online commerce any day this year, the research firm said. ComScore gathered its information from a cross sample of 1.5 million Internet users who have agreed to let the firm observe their activities. "While the Friday following Thanksgiving is traditionally the day to watch in the offline world, it's the following Monday, when people return to work and are able to use their company's high speed Internet connection. That really waves the starting flag for holiday e-commerce," said Dan Hess, ComScore vice president. Electronics and computers were the biggest sellers, he added. Online radio listening fades
Fewer hours of online audio were streamed by Webcasters during the week of Veterans Day, according to MeasureCast. The 10 percent decline in total hours streamed was the second in a row. MeasureCast noted Cablemusic Network drew listeners with three all-Christmas music services, including classic tunes, rock and jazz versions of the season's sounds.
Supreme Court to review Net porn sales
The three-year-old Child Online Protection Act is scheduled to be debated Wednesday before the U.S. Supreme Court. The hearing follows the Justice Department's appeal of a federal appeals court ruling that blocked enforcement of the act making it illegal to sell sexually explicit material to minors. The appeals judge said it would suppress speech and restrict Web sites focused on health, books and art.
Blum buys Buy.com
Buy.com (BUYX: news, chart, profile) founder Scott Blum has completed the acquisition of the company he founded. The price was $23.6 million. "I've always been passionate about making this company succeed. Not many entrepreneurs get a second shot at running a company they founded and I plan to make the most of it," said Blum. The online retailer becomes a privately held subsidiary of SB Acquisition Inc.
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Frank Barnako is managing editor of the CBS.MarketWatch.com Radio Network in Washington.
