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IBeam Broadcasting Corp. posted a wider-than-expected first-quarter loss and said it is making substantial cuts in its work force. The streaming-media company also said it hired advisers to explore strategic alternatives as funding runs low.
The company recorded a net loss of $43.7 million, or 36 cents a share, compared with a loss of $32.2 million, or 43 cents a share, in the year-earlier period. Excluding noncash charges and restructuring, the company had a loss of $28.7
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