Williams Companies to shut down Energy News Live

Friday, July 12th 2002, 12:00 am
By: News On 6

There are more workplace worries at the Williams Companies this morning.

The company says it will pull the plug on its Energy News Live program, unless a new sponsor or partner can be found by the end of the year.

Energy News Live is devoted to news about the energy industry and is broadcast over the internet. About 50 jobs are at stake.

Williams says its proud to sponsor the program, but says the current financial situation, they have to look at the bottom line.

Bill Hobbs, Williams Energy President & CEO: "What we're really lookin' at is given all the circumstances that Williams is facing right now, we're looking at taking some great assets that we've got and selling them to improve our balance sheet."

Williams says the website has about 40,000 registered users.