Earnings: CNET’s Sales Up 13%; Delays Profit Report, Again

CNET Networks, under investigation following the backdated stock options scandal, has decided not to reports its profits for Q3 (the second straight quarter it has done so). The investigation is likely to lead to restatement of CNET’s past results.
Its Q3 sales were $92.8 million, compared to the $81.9 million reported a year ago, but up only slightly from the $92.0 million posted during last quarter Q2 06. Some more details in the earnings release here. More from the conference call later.

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