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PLAN B? AFTER TOTAL SPORTS DECIDES AGAINST IPO, WHAT'S NEXT?

          After Raleigh-based Total Sports withdrew its plan for
     an IPO and dismissed 20% of its staff, company Chair & CEO
     Frank Daniels explained that "most of the fired employees
     were working on long-term projects" that would have been
     funded by the IPO, according to USA TODAY's Chris Jenkins. 
     Daniels, on the company's decision not to go public: "We're
     excited about the fact that we're getting focused.  (But)
     we're all a little bit nervous.  A few months ago, we were
     looking at sports content companies that were worth three to
     four times what they are today."  Jenkins reports that Total
     Sports "will continue to syndicate original content" such as
     its "TotalCast" live game Webcasts.  But "gone for now are
     ambitious plans to make" totalsports.com a competitor to 
     ESPN.com or SportsLine.com.  Daniels: "We're willing to cede
     that to those guys at this point" (USA TODAY, 5/17).
          DEAL BREAKER: In London, Benjamin Wootliff reported
     that UK-based sports Internet company Sportal "has ended ...
     talks" to be acquired by French-based media company Canal
     for US$400M (ELECTRONIC TELEGRAPH, 5/16).

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