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24/7 Real Media confirms it’s on the block

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New York—24/7 Real Media has confirmed it’s up for sale. The ad serving technology and search marketing company said in its first-quarter earnings release that it has retained Lehman Brothers as its financial advisor to help it assess strategic alternatives. The company posted first-quarter revenue of $57.7 million, up 34% from a year earlier. It had a net loss of $100,000, compared with a net loss of $7.5 million in the first quarter of 2006.
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