REAL NETWORKS CUTS 140 JOBS

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(July 27, 2001) -- Streaming media company Real Networks said late Thursday it would cut 15% of its staff, or approximately 140 positions, as part of an overall cost-cutting plan that would also trim discretionary expenditures. The company said it will take a $4 to $5 million charge in the third quarter because of the cuts. -- Catharine P. Taylor

Copyright July 2001, Crain Communications Inc.

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