, an Internet incubator with investments in 70 Internet companies, plans to sell its entertainment Web site
and its free Internet access business
The company has previously disclosed plans to consolidate its operations in an effort to move toward profitability.
Additionally, online marketing company
, a unit of CMGI, said it expects fiscal 2001 revenue to grow 16% to $205 million. The company posted revenue of $176.8 million in fiscal 2000.
Engage warned last week that first-quarter revenue would total $40 million to $42 million, down from $66.7 million in the fourth quarter, because of an oversupply in the media market and weak demand from dot-com companies.