May 19, 2004 9:34 AM PDT
ICANN to double budget, raise fees
ICANN's spending plans drew mixed reviews from domain name registrars, which represent the bulk of the nonprofit's income and would face far higher fees next year. Registries for top-level domains such as .com, .net, and .info represent a smaller revenue source. "ICANN must focus on its core mission and cut its budget," Register.com CEO Peter Forman said. "Registrars can not continue to support over 80 percent of the budget." But GoDaddy CEO Bob Parsons said ICANN needs the money and it could be used for more enforcement: "We're strongly in favor of the budget."
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