News Burst: E-commerce makes money - it's official

There is money to be made on the Web after all, as Freeserve announces it is making more money from e-commerce and advertising than from telephone calls revenue for the first time.

The revenue is not enough to save the ISP, which floated in July, from posting first quarter losses but the revelation e-commerce can be profitable will be one in the eye for critics claiming the free access model would never work.

Full story to follow.