Nashville, Tenn.-Based Entertainment Company to Minimize Internet Operations.

Dec. 6--Gaylord Entertainment Co. is exiting operations at its centralized Internet initiative, Gaylord Digital, and anticipates the sale or closure of its various components by Dec. 31, the Nashville, Tenn., company said Tuesday.

About 85 Gaylord Digital positions will be eliminated, and the conclusion of operations will result in nonrecurring charges anticipated to be about $35 million net of taxes in this year's fourth quarter. Through the first nine months of 2000, the investment in Gaylord Digital resulted in negative operating cash flow of $16.8 million, contributing to the parent company's negative operating cash flow of $10.9 million for that period.

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