Sportsline plans to lower its reported financial results for the past two and a half years by a total of $8 million to correct an error in calculating a stock option expense.
It also said it would miss its revenue expectations for the rest of the year because of increased competition in the fantasy sports subscription market and a slower-than-expected recovery in online advertising.
Related:
– SportsLine’s Losses Decline; Revenues Flat
– SportsLine Sells Assets, Shares Rise
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