Modem's Q1 Revenue, Income Improves

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NEW YORK Modem Media posted a modest 6 percent year-over-year revenue rise to $15.3 million in the first quarter as it experienced positive momentum with new business from Charles Schwab and Spiegel, among others.

As a part of its Q1 earnings report yesterday, Modem Media said it also added PricewaterhouseCoopers and British United Provident Association to its client roster and expanded it relationship with America Online.

The Norwalk, Conn.-based i-shop’s Q1 net income was $700,000, or 3 cents per diluted share, compared to $600,000, or 2 cents per diluted share in the year-earlier quarter.



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