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CNET Networks Inc. reported a wider-than-expected loss for the first quarter and forecast that revenue for the second quarter would, at best, be flat with the just-ended period, and that its loss would likely widen even further.
The Internet media firm had a net loss of $316.6 million, or $2.33 a diluted share, compared with a pro forma net loss of $167.5 million or $1.31 a share, a year earlier. Last year’s results assume CNET (CNET) owned ZDNet during the entire fiscal year; the acquisition took place on Oct.
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