Networks' Revenue Drops 2 Percent

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NEW YORK Combined advertising revenue for the ABC, CBS and NBC television networks was down 2 percent for both the second quarter and the first half of 2005 versus the same periods in 2004, according to a report by the Broadcast Cable Financial Management Association, based on figures compiled by Ernst & Young.

The three networks tallied combined net revenue of $2.85 billion for the second quarter, down approximately $52 million from the second quarter of last year.

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