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NEW YORK — Despite a return to profitability in the fourth quarter, Modem Media recorded its fifth consecutive quarter of revenue declines. According to its earnings report, released late last week, that trend could continue. The Norwalk, Conn.-based i-shop projected that revenues could decrease by 12 percent in the first quarter and by as much as 20 percent for full year 2002.
Modem Media posted revenue of $103 million for 2001, a decline of 23 percent from the year before.
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