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Lycos To Relaunch As Teen Virtual World Portal


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NEW YORK (Reuters) - Lycos Inc., a U.S. Internet portal that survived the bursting of the late 1990s dot-com bubble, plans to resurrect itself as a teen broadband video channel with a built-in text chat room.

Having missed much of the explosive growth of its rivals Google Inc. and Yahoo Inc. (Nasdaq:YHOO - news), Lycos, now part of the second largest Korean Internet portal Daum Communications Corp. will launch a high-speed Internet video channel this week and let viewers watch movies simultaneously across the Internet and discuss them.

The service, called Lycos Cinema (http://cinema.lycos.com/) aims to combine two tenets of new Internet businesses -- online video and social networking, embodied by popular sites YouTube Inc. and News Corp.'s MySpace social network.

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