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SPACE.com Announces Restructuring; Layoffs

SPACE.com has announced a strategic restructuring organizing on a business unit basis including Publishing, Internet, Software, Broadcast, Sales and Marketing, and Technology. This operational restructuring also includes the layoff of 22 of its 108 employees. Management changes include the promotions of Dr. Andrew Schwab from Vice President, E-commerce to Senior Vice President, Internet, responsible for all Internet properties and operations including the company's principal Web site, www.SPACE.com; and Alan Ladwig, current Director of Washington Operations to Vice President. Barry Frey, Senior Vice President, Global Sales and Sponsorship adds marketing to his sponsorship and sales responsibilities. Sally Ride recently resigned as President.

The web site was launched in July 1999. Over the past year, SPACE.com has acquired several space-related Web sites including SpaceWatch.com, Starport.com, RussianSpace.com and Explorezone.com. In May, the company announced its international expansion with the acquisition of Sienna Software, the Toronto-based publisher of Starry Night, the leading amateur astronomy software line. Most recently, the company launched SPACE Illustrated magazine, and acquired Space Business International magazine, a London-based business to business publication.

SPACE.com is headquartered in New York City with offices and news bureaus in Washington D.C.; Cape Canaveral, Fla.; Houston, Texas; Pasadena, Calif.; Cary, N.C.; Toronto, Canada; London, UK and Tokyo, Japan. 
  

SPACEandTECH Digest is a weekly roundup of the latest industry news of interest to the space professional. SPACEandTECH Flash! is an internet push service offered by Andrews Space & Technology to bring the latest on orders, launches, and important breaking news to your desktop. SPACEandTECH Digest and SPACEandTECH Flash! are part of the Andrews Space & Technology www.spaceandtech.com website, a website designed to serve the information needs of the space industry.

If you would like to subscribe to the SPACEandTECH Flash! (currently a free service), contact the www.spaceandtech.com Editor-in-Chief, Joe Hopkins, at editor@spaceandtech.com



October 2, 2000

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