Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.
CMGI has opted out of renewing or extending its funding contract with Engage, an Andover, Mass.-based online marketing firm. The conditional financing commitment between the holding company and Engage ended on July 31.
The news of the split follows Engage’s fourth quarter earnings results, which the company said would be below analyst forecasts. Engage expects to show revenue of $15 million to $16 million, compared with forecasts for revenue of $21.3 million. The company also said that it no longer expects to break even, on an operating basis, in the fiscal first quarter, as it had previously forecast.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in