TimeOut, the London entertainment magazine, has plans for expansion.It already (1) OWNS the monthly magazine Paris Passion, and now it (2)MOVING beyond France to other markets such as Argentina and Japan. TonyElliott, Time Out’s founder, says he (3) IS LOOKING FOR local peopleto initiateand run the magazine, as Time Out’s London office does not have the cashor management time. Elliott also has plans for the website,Timeout.com, which was launched in 1995 and (4) PROVIDES informationaboutmore than 30 cities. It (5) RELIES on advertising revenue and a smallamount of money from ticket sales to survive. But as Time Out changesand expands, Tony Elliott (6) TRIES TO persuade advertisers in theprintedversion to take more space on the Internet site. Also, he (7)INVESTIGATES. the possibility of charging visitors to the sitefor access tosome information. Despite these expansion plans, Elliott says that aflotation on the stock market is out of the question. He (8) WANTSto keepcontrol of the business he has built up.
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