CNET Trying to Develop New

CNET Trying to Develop New Revenues Streams, Including Subscriptions: CNET Networks, which has been hit hard by weak high-tech spending and a generally weak online advertising market, lost $25.8 million, or 19 cents per share, in the second quarter, compared with a loss of $218.1 million, or $1.60 a share, last year. Revenues fell to $57.2 million from $71.1 million the year-ago quarter.

However, the company continues to diversify revenue streams, “including commerce leads, product data licensing, and a range of fee-based services.” In Q2, the company “launched GameSpot Complete, a fee-based service offering members full access to archived news, features, product reviews, product demos and screenshot galleries, as well as the company’s comprehensive library of more than 4,000 hosted “speedy” video game downloads and 9,000 streaming video files. From its launch in early May to June 30, the service has gained 22,500 members paying either $19.95 per year or $4.95 per month.”

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