CMGI Inc., the Internet marketing services firm, reported a net loss of $125.2 million for the third quarter ended April 30, down from a net loss of $988.5 million in the comparable period last year.
The Andover, MA-based firm’s revenue was $187.4 million, down from $290.3 million in the year-ago quarter.
The parent company of uBid.com and AltaVista attributed its performance to debt amortization charges and depreciation totaling $78 million, net restructuring charges of $1.7 million and what it termed a “long-lived asset impairment benefit” of $500,000.
Network
