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Earnings: CNET Sells Computer Shopper; 4Q05 Revenues Up 20 Percent: Audio

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It’s the end of an era of sorts for CNET — as of 1Q06, with the sale of Computer Shopper as announced today, publishing is no longer considered material to CNET and no longer will be broken out as a segment. No terms were discloised for the sale to SX2Media Labs LLC, a new company formed by David Sills and Stonybrook Capital.
More after I lisen to the earnings call but some quick hits from CNET’s 4Q05/2005 earnings:

— Total 4Q05 revenue increased 20 percent, to $107.4 million from $89.2 million in 4Q04.

Interactive revenues hit $100.2 million in 4Q05, up 25 percent over 4Q04.

— Operating income excluding charges more than doubled to $25.2 million from $14.3 million in 4Q04.

— Pre-EBITDA profit margin hit 30 percent, up from 23 percent in 4Q04. For the year, the margin was 19 percent up from 12 percent in 2004.

— CNET Networks logged an average of 116.1 million monthly uniques during 4Q05, up 13 percent from 4Q04. Average daily page views passed 103.6 million, up 22 percent.

Earnings release | Webcast

mp3logo1.gif You can download the analysts’ call audio here. (73 min., 21.5 megs.)