ABC News Online Service Turns to Profit

ABC News Online, the online division of ABC, has turned to a profit this year and the new October quarter, fueled by its broaband subscription servies and advertising, and the news division is moving into cell phone and other new distribution forms, according to the company.

ABCNews.com struck its first annual profit for the fiscal year ended in September, and began its fourth profitable quarter in October…ABCNews.com did not give absolute figures for revenue or profit but said revenue growth had averaged about 15 percent to 20 percent annually since the division launched in 1997.

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