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BtoB

CNET announces third-quarter results

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San Francisco--CNET Networks on Thursday reported net revenues of $56.3 million for the third quarter, compared with net revenues of $69.3 million for the same period of 2001. The company’s net loss for the third quarter was $307.2 million, versus a net loss of $1.4 billion for the same period last year. Net loss for the third quarter included a non-cash charge of $281.4 million primarily related to impairment of goodwill and other intangible assets, and a non-cash charge of $7.3 million related to impairment of private investments. Net loss for the third quarter of 2001 included non-cash charges of $1.1 billion primarily related to impairment of goodwill, a non-cash charge of $58.7 million related to impairment of private investments and a loss of $10.6 million related to the early retirement of debt.
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