Gadfly splits: Online goes off on its own. Australasian Business Intelligence | February 17, 2002 | COPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Feb 18, 2002 (The Sydney Morning Herald

ABIX via COMTEX) -- Australian niche magazine publishing and Internet company, Gadfly Media, has split with two key investors. This is because the investors, Phil Kiely and Stuart McLean from Matrix Capital, have decided to buy out Gadfly's Internet division, Gadfly Online Communications, along with former Sydney Organising Committee for the Olympic Games CEO, Sandy Hollway. The split came as a result of diverging views on whether the board should focus on magazine publishing or Internet consulting. Matrix first invested in ...

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