Bertelsmann heir urges European net challenge

Christoph Mohn, the heir to the Bertelsmann media empire, has called for Europe to create an "Airbus of the internet", to compete with US giants such as Google and Ebay. The chief executive of Lycos Europe, says his online community and search company would introduce some products to the US market in the next year, but European internet companies were operating at a disadvantage to their US rivals. "It's not good for the European Union", says Mohn. (Via Companies news – Media and internet – FT.com)