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Dow Jones & Co. and Excite@Home Corp., citing the current decline in online advertising spending and the challenges of securing further funding, said Friday they will close their Work.com Internet joint venture March 31.
The companies said the majority of Work.com’s 113 full-time employees in Redwood City, Calif., where Excite@Home is based, and in New York City will be leaving the company next week. Others will remain for a variety of time periods to assist in the orderly wind-down of the company and its relationships with vendors and partners.
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