COMPANY RESULT: N2K INC.N2K Inc, New York-based online music retailer, has reported a fourth-quarter net loss of $22.7m on revenue of $17.2m, compared to a net loss of $13.2m on revenue of $4.0m in the year-ago period. For the full year, net loss was $76.9m on revenue of $42.1m, against a loss of $28.7m on revenue of $8.1m last year. Results include a one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. charge of $2.4m relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the ongoing merger with CDnow CDNOW.com was an online retailer, founded in February 1994 by twin brothers Jason Olim and Matthew Olim of Ambler, Pennsylvania. CDNOW was initially launched as a telnet (text-only) service in August 1994, and then as a website in September 1994. Inc and an extraordinary loss on the disposal of discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. of $1.6m. Full-year results for 1997 include a one-time gain of $1.6m. |
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