Summary:

InfoSpace said the company is ending investment in its direct-to-consumer mobile content business, and reported a $46.7M loss last quarter. The company will now focus more on moving its online search capabilties into wireless, which many predicted would be a better bet.

InfoSpace said the company is ending investment in its direct-to-consumer mobile content business, and reported a $46.7M loss last quarter. The company will now focus more on moving its online search capabilties into wireless, which many predicted would be a better bet.

By Katie Fehrenbacher

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