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Modem Media reports earnings gain

Published on .

Norwalk, Conn.--Modem Media Inc. reported net income of $1.5 million, or six cents a share, for the first quarter, compared with net income of $100,000, or 0 cents a share, for the first quarter of 2001. Revenues for the quarter were $20 million, compared with $34.4 million a year earlier.
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