CitySearch to acquire N.Y. Web guide

CitySearch will acquire Metrobeat, a New York-based Web guide.

Mike Ricciuti Staff writer, CNET News
Mike Ricciuti joined CNET in 1996. He is now CNET News' Boston-based executive editor and east coast bureau chief, serving as department editor for business technology and software covered by CNET News, Reviews, and Download.com. E-mail Mike.
Mike Ricciuti
CitySearch, a local information provider with national aspirations, will today acquire Metrobeat, publisher of a popular New York City information Web guide, according to The New York Times.

CitySearch, with backing from Goldman, Sachs, AT&T Ventures, and several private investors, is attempting to create a national chain of local Web-based city guides. The company already operates sites in Raleigh-Duram, North Carolina, and Pasadena, California, and plans to establish sites in some 30 cities by the end of 1997.

But the company will soon find itself fending off some deep-pocketed competitors, most notably Microsoft, which plans to open a similar service in New York and several other cities sometime next year. Microsoft also made an unsuccessful bid to acquire Metrobeat, according to the Times.

No terms of the acquisition were disclosed.