CNET’s Profits Up

CNET Networks’ Q4 net income rose from a year ago as strength in its Internet business offset weaker publishing revenues. It had revenues of $73.5 million, an 8 percent increase compared to revenues of $67.8 million for the same period of 2002.

Net income was $6.9 million, compared to $3.5 million in the year-ago quarter.

Conference call details: On MP3.com, the site is will relaunch as a teen music info. site: Shelby Bonnie, CEO: “With our content expertise, we can resuscitate a vanguard brand, as the brand is compelling…this will give us very good return on investor capital.”

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