Earnings: CNET's Losses Increases; Hires New Entertainment Head; More Divestments Coming?

CNET (NSDQ: CNET) Networks has just reported its Q3 numbers: revenues for Q3 were $99.5 million, a 7 percent increase compared to revenues of $93.3 million for the year-ago quarter. Net losses were $16.6 million, compared with net losses of $2.3 million in the year-ago quarter. It said the losses were impacted by a $19.0 million non-cash goodwill impairment charge and $406K in costs associated with the Company

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