CNET Networks revenues for Q1 of this yea totaled $63.4 million, a 12 percent increase compared to revenues of $56.6 million in the year-ago quarter. Q1 operating loss was $5.7 million, versus an operating loss of $14.6 million during the same period in 2003. Net income was $2.9 million, compared to a net loss of $15.8 million in the year-ago quarter.
Interactive revenues increased to about $55.5 million, while publishing revenues dropped to almost half fom the year-ago period, now at $7.9 million.
Some more news on its plans with MP3.com: “In the coming weeks, CNET Networks plans to expand into the music content category with two product launches. First, CNET Download.com plans to launch a music site featuring free, artist-authorized digital downloads from a diverse selection of participating artists. Rather than compete with fee-based music download services, the site will provide users the ability to “discover” music from participating artists. [Much like what MP3.com did before it got acquired] Following this, CNET Networks plans to launch its all-new MP3.com Web site as a comprehensive, user-friendly music information site, helping consumers get the most out of today’s digital music.”
TheStreet.com: Online ad revenues in Q1 grew 35% from year-earlier figures, according to TheStreet.com’s calculations, from $35.7 million to $48.2 million. CNet also made gains in licensing its product database, online content and subscriptions to online services and other paid services.
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