CDnow reports $9.2 million loss in first quarter

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CDnow reported a net loss of $9.2 million, or 78 cents a share, for the first quarter ended March 31, compared with a net loss of $544,000, or 7 cents a share, for the first quarter of last year. Revenue for the quarter was $10 million, up 288% over revenue of $2.6 million for the first-quarter 1997.

Copyright April 1998, Crain Communications Inc.

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