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Battered by the soft economy, Modem Media saw revenues slide in the second quarter. The Norwalk, Conn.-based interactive agency, which reported its second quarter earnings Tuesday, posted $26.1 million in revenue for the period ending June 30. That is down 21 percent from last year’s Q2 revenues of $32.8 million and 22 percent from $33.4 million in the first quarter of 2001.
The company recorded a net loss for the quarter of $5.5 million or 21 cents per share compared to that of $5.8
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