CNET Posts Sobering 2nd Qtr. Results

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SAN FRANCISCO — CNET Networks Inc. reported a wider net loss in the second quarter, trimmed future expectations and said it will cut about 15% of its nearly 1,900-person work force in the third quarter.

The Internet media firm had a net loss of $218.1 million, or $1.60 a share, compared with a year-earlier pro forma net loss of $168 million, or $1.24 a share. Last year’s results assume CNET owned ZDNet during all of 2000; the acquisition took place on Oct.


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