UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                            FORM 10-Q
(Mark One)

   X Quarterly report pursuant to Section 13 or 15(d) of the
     Securities Exchange Act of 1934

For the quarterly period ended September 30, 2003 or

___  Transition report pursuant to Section 13 or 15(d) of the
     Securities Exchange Act of 1934

For the transition period from __________ to ___________

                 Commission file number 0-10541

                    COMTEX NEWS NETWORK, INC.

     (Exact name of registrant as specified in its charter)

               Delaware                      13-3055012
     (State or other jurisdiction of         (I.R.S. Employer
     incorporation or organization)          Identification No.)

                    625 N. Washington Street
                            Suite 301
                   Alexandria, Virginia 22314
            (Address of principal executive offices)

                         (703) 820-2000
       Registrant's Telephone number, including area code


                         Former address:
                  4900 Seminary Road, Suite 800
                   Alexandria, Virginia 22311

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days:      Yes  _X   No ___

Indicate by check mark whether the registrant is an accelerated
filer (as defined in Rule 12b-2 of the Exchange Act).      Yes
___       No _X_

As of November 10, 2003, 13,582,903 shares of the Common Stock of
the registrant, par value $0.01 per share, were outstanding.
<PAGE>
                    COMTEX NEWS NETWORK, INC.
                        TABLE OF CONTENTS



Part I    Financial Information:                            Page
No.

    Item 1.  Financial Statements

               Consolidated Balance Sheets                      3
                as of September 30, 2003 (unaudited)
                and June 30, 2003

               Consolidated Statements of Operations            4
                for the Three Months Ended
                September 30, 2003 and 2002 (unaudited)

               Consolidated Statements of Cash Flows            5
                for the Three Months Ended
                September 30, 2003 and 2002 (unaudited)

               Notes to Financial Statements                    6

    Item 2.  Management's Discussion and Analysis               8
                 of Financial Condition and Results
                 of Operations

    Item 3.  Quantitative and Qualitative Disclosure
                 about Market Risk                             12

    Item 4.  Controls and Procedures                           12

Part II   Other Information:

          Item 1.  Legal Proceedings                           12
          Item 2.  Changes in Securities and Use of Proceeds   12
          Item 3.  Defaults Upon Senior Securities             13
          Item 4.  Submission of Matters to a Vote of
                     Security Holders                          13
          Item 5.  Other Information                           13
          Item 6.  Exhibits and Reports on Form 8-K            13


SIGNATURES                                                     14
<PAGE>
<TABLE>
                                  COMTEX NEWS NETWORK, INC.
                                 CONSOLIDATED BALANCE SHEETS

                                                            September 30, 2003     June 30,
                                                               (unaudited)           2003
<S>                                                        <C>                    <C>
ASSETS

 CURRENT ASSETS
Cash                                                        $         558,946    $     464,981
Accounts Receivable, Net of Allowance of $139,750 and
 $140,500, at September 30, 2003 and June 30, 2003,
 respectively                                                         795,104          779,136
Prepaid Expenses and Other Current Assets                              60,250           86,787
                                                           ------------------      --------------
          TOTAL CURRENT ASSETS                                      1,414,300        1,330,904

    PROPERTY AND EQUIPMENT, NET                                     1,857,649        2,067,149

    DEPOSITS AND OTHER ASSETS                                          74,655           74,988
                                                           ------------------      --------------
TOTAL ASSETS                                               $        3,346,604    $   3,473,041

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts Payable and Other Accrued Expenses               $       1,361,117     $   1,081,671
  Accrued Payroll Expense                                             297,393           463,699
  Deferred Revenue                                                     83,884           127,634
  Capital Lease Obligations, Current                                   56,625            56,625
                                                           ------------------      --------------
           TOTAL CURRENT LIABILITIES                                1,799,019         1,729,629

    LONG-TERM LIABILITIES:
  Capital Lease Obligations, Long-Term                                 10,072            23,483
  Long-Term Note Payable - Affiliate                                  856,954           856,954
  Deferred Rent                                                        85,437            77,353
                                                           ------------------      --------------
           TOTAL LONG-TERM LIABILITIES                                952,463           957,790

TOTAL LIABILITIES                                                   2,751,482         2,687,419

COMMITMENTS AND CONTINGENCIES (Note 3)

STOCKHOLDERS' EQUITY
Common Stock, $0.01 Par Value - 25,000,000 Shares
Authorized; Shares issued  and outstanding: 13,582,903 and            135,829           132,452
13,245,170 at September 30, 2003 and June 30, 2003,
respectively
Deferred Compensation                                                 (40,000)              -
Additional Paid-In Capital                                         12,309,441        12,211,181
Accumulated Deficit                                               (11,810,148)      (11,558,011)
                                                           ------------------     ---------------
TOTAL STOCKHOLDERS'  EQUITY                                           595,122           785,622

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                  $       3,346,604      $  3,473,041
                                                           ==================     ===============
</TABLE>
The accompanying "Notes to Consolidated Financial Statements" are an integral
 part of these consolidated financial statements
<PAGE>
<TABLE>
                             COMTEX NEWS NETWORK, INC.
                       CONSOLIDATED STATEMENTS OF OPERATIONS
                                    (UNAUDITED)
                                                          Three months ended
                                                             September 30,
                                                   --------------------------------
                                                        2003               2002
                                                   --------------------------------
<S>                                                <C>                 <C>
Revenues                                           $    2,172,921    $    2,431,498

Cost of Revenues
(including depreciation and amortization expense
of approximately $99,000 and $114,000 for the
three months ended September 30, 2003 and 2002,
respectively)                                             932,257           985,116
                                                   --------------     -------------
  Gross Profit                                          1,240,664         1,446,382

Operating Expenses
 Technical Operations and Support                         606,961           556,401
 Sales and Marketing                                       85,279           281,259
 General and Administrative                               596,280           660,527
 Stock-based Compensation                                  27,864                -
 Depreciation and Amortization                            152,770           190,425
                                                   --------------     -------------
  Total Operating Expenses                              1,469,154         1,688,612

  Operating Loss                                         (228,490)         (242,230)

Other (Expense)/Income
 Interest Expense                                         (24,138)          (25,430)
 Other Income                                                 916               612
                                                   --------------     -------------
    Other Expense, net                                    (23,222)          (24,818)
                                                   --------------     -------------
Loss Before Provision for Income Taxes                   (251,712)         (267,048)

Provision for Income Taxes                                    425               425
                                                   --------------     -------------
Net Loss                                           $     (252,137)     $   (267,473)
                                                   ===============    ==============

Basic and Diluted Loss Per Common Share            $        (0.02)     $      (0.02)
                                                   ===============    ==============
Weighted Average Number of Common Shares               13,507,851        13,140,893
                                                   ===============    ==============
</TABLE>
<PAGE>

The accompanying "Notes to Consolidated Financial Statements" are an integral
part of these consolidated financial statements

<TABLE>
                              COMTEX NEWS NETWORK, INC.
                        CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     (UNAUDITED)

                                                               Three Months Ended
                                                                 September 30,
                                                           --------------------------
                                                              2003            2002
                                                         -------------      ------------
<S>                                                      <C>                <C>
Cash Flows from Operating Activities:
 Net Loss                                                $   (252,137)      $ (267,473)
Adjustments to reconcile net loss to net cash
 provided by/(used in) operating activities:
  Depreciation and Amortization Expense                       252,166          303,985
  Bad Debt Expense (Recovery)                                 (28,680)          21,000
  Stock Based Compensation                                     27,864              -
  Changes in Assets and Liabilities:
   Accounts Receivable                                         12,712          115,545
   Prepaid Expenses and Other Current Assets                   26,537           26,840
   Deposits and Other Assets                                      333           (7,530)
   Accounts Payable and Accrued Expenses                      279,446         (193,529)
   Accrued Payroll Expenses                                  (166,306)         (45,524)
   Deferred Revenue                                           (43,750)         (29,475)
   Deferred Rent                                                8,084               -
                                                          -------------      ------------
Net Cash provided by/(used in) Operating Activities           116,269          (76,161)

Cash Flows from Investing Activities:
 Purchases of Property and Equipment                          (42,666)         (92,251)
                                                         -------------      ------------
Cash used in Investing Activities                             (42,666)         (92,251)

Cash Flows from Financing Activities:
 Payments on Note Payable - Affiliate                               -           (6,000)
 Payments of Capital Lease Obligations                        (13,411)          (6,183)
 Proceeds from Exercise of Stock Options                       33,773                -
                                                         -------------      ------------
Net Cash provided by/(used in) Financing Activities            20,362          (12,183)
                                                         -------------      ------------
  Effect of Exchange Rate Changes on Cash                           -               13
                                                         -------------      ------------
Net Increase/(Decrease) in Cash                                93,965         (180,582)

Cash at Beginning of Period                                   464,981          860,548
                                                         -------------      ------------
Cash at End of Period                                    $    558,946      $   679,966
                                                         =============      ============
</TABLE>

The accompanying "Notes to Consolidated Financial Statements" are an integral
part of these consolidated financial statements
<PAGE>
                    COMTEX NEWS NETWORK, INC.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                       September 30, 2003

1.   Basis of Presentation

The accompanying interim consolidated financial statements
of Comtex News Network, Inc. (the "Company" or "Comtex") and its
wholly owned subsidiary, nFactory Comtex, S.L.(inactive as of
December 31 2002), are unaudited, but in the opinion of
management reflect all adjustments (consisting only of normal
recurring accruals) necessary for a fair presentation of results
for such periods.  The results of operations for any interim
period are not necessarily indicative of results for the full
year.  The balance sheet at June 30, 2003 has been derived from
the audited financial statements at that date but does not
include all of the information and footnotes required by
accounting principles generally accepted in the United States for
complete financial statements. These financial statements should
be read in conjunction with the financial statements and notes
thereto included in the Company's Annual Report on Form 10-K for
the fiscal year ended June 30, 2003 ("2003 Form 10-K"), filed
with the Securities and Exchange Commission on September 25,
2003.

In December 2002, the FASB issued SFAS No. 148 (SFAS 148),
Accounting for Stock-Based Compensation-Transition and
Disclosure, which amends SFAS No. 123 (SFAS 123), Accounting for
Stock-Based Compensation. SFAS 148 provides alternative methods
of transition for a voluntary change to the fair value-based
method of accounting for stock-based employee compensation and
amends the disclosure requirements of SFAS 123 to require
disclosures in both the annual and interim financial statements
about the method of accounting for stock-based employee
compensation and the effect of the method used on reported
results. The Company will continue to account for its employee
stock option plans in accordance with APB 25 and related
interpretations, which results in no charge to earnings when
options are issued at fair market value. Therefore, at this time,
the Company has adopted the disclosure rules of SFAS No. 148 and
does not expect that this statement will have a material impact
on its financial statements.

Had the Company determined compensation cost based on the fair
value at the grant date for its stock options under SFAS 123,
the Company's net loss and net loss per share would have
increased to the pro forma amounts indicated below:


<TABLE>
                                                         Three Months Ended
                                                            September 30,
                                                       2003                2002
                                                -----------------     ---------------
 <S>                                            <C>                 <C>
 Net Loss, as reported                          $       (252,137)     $     (267,473)
 Deduct:  Total stock-based employee
 compensation expense determined under fair-
 value-based method for all awards, net of
 related tax effects                                     169,236              34,097
                                                -----------------     ---------------
 Pro Forma Net Loss                             $       (421,373)     $     (301,570)
                                                =================     ===============
 Basic and Diluted Loss Per Share, as reported     $       (0.02)        $     (0.02)
 Basic and Diluted Loss Per Share, pro forma       $       (0.03)        $     (0.02)
</TABLE>

The per share weighted-average fair value of stock options
granted for the three month periods ended September 30, 2003 and
2002 was $0.26 and $0.30 respectively, on the grant date with the
following weighted average assumptions:
<TABLE>
                                      Three Months Ended
                                        September 30,
                                   2003               2002
                              --------------     ---------------
  <S>                         <C>                <C>
  Expected dividend yield           0%                 0%
  Risk-free interest rate     3.56% - 4.49%       3.25% - 4.82%
  Expected life (in years)          10                  5
  Volatility                       1.5             1.10 - 1.23
</TABLE>

The Company accounts for non-employee stock-based awards in which
goods or services are the consideration received for the equity
instruments issued based on the fair value of the equity
instruments issued in accordance with the EITF 96-18, Accounting
For Equity Instruments That Are Issued To Other Than Employees
For Acquiring, or in Conjunction With Selling Goods or Services.

Loss per share is presented in accordance with the provisions of
SFAS No. 128, "Earnings Per Share" ("EPS").  Basic EPS excludes
dilution for potentially dilutive securities and is computed by
dividing losses available to common shareholders by the weighted
average number of common shares outstanding for the period.
Diluted EPS reflects the potential dilution that could occur if
securities or other contracts to issue common stock were
exercised or converted into common stock and resulted in the
issuance of common stock. Diluted net loss per share is equal to
basic net loss per share since all potentially dilutive securities
are anti-dilutive for each of the periods presented.

Certain amounts for the three months ended September 30, 2002,
and as of June 30, 2003, have been reclassified to conform to the
presentation as of and for the three months ended September 30,
2003.


2.   Income Taxes

The Company accounts for income taxes in accordance with SFAS
No. 109, Accounting for Income Taxes.  Under this method,
deferred tax liabilities and assets are determined based on the
difference between the financial statement and tax bases of
assets and liabilities using the enacted tax rates in effect for
the year in which the differences are expected to reverse.
Deferred tax assets are reduced by a valuation allowance when the
Company cannot make the determination that it is more likely than
not that some portion or all of the related tax asset will be
realized.


3.   Commitments and Contingencies

In July 2003, the Company commenced negotiations with its
landlord regarding the proposed termination of the lease
obligation at 4900 Seminary Road.  As part of the negotiations
the landlord filed suit on September 3, 2003 in Alexandria
General District Court in the Commonwealth of Virginia for
approximately $92,000 in unpaid rent and late fees through
September 30, 2003.  These amounts are included in accounts
payable and other accrued expenses at September 30, 2003.
Negotiations are still underway and the outcome is currently
indeterminate.

We are also involved in routine legal proceedings occurring in
the ordinary course of business, which in the aggregate are
believed by management to be immaterial to our financial
condition.


Item 2.
             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of our financial condition and results
of operations should be read in conjunction with the consolidated
financial statements and the related notes included elsewhere in
this Form 10-Q and the consolidated financial statements and
related notes and Management's Discussion and Analysis of
Financial Condition and Results of Operations included in our
annual report on Form 10-K for the year ended June 30, 2003 filed
with the Securities and Exchange Commission on September 25,
2003.  Historical results and percentage relationships among any
amounts in the Consolidated Financial Statements are not expected
to be indicative of trends in operating results for any future
period.


Forward-looking Statements

This Form 10-Q contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements are subject to a variety of risks and
uncertainties, many of which are beyond our control, which could
cause actual results to differ materially from those contemplated
in these forward-looking statements. In particular, the risks and
uncertainties include those described in our annual report on
Form 10-K for the year ended June 30, 2003 and in other periodic
Securities and Exchange Commission filings. These risks and
uncertainties include, among other things, the consolidation of
the Internet news market; competition within our markets; the
financial stability of our customers; maintaining a secure and
reliable news-delivery network; maintaining relationships with
key content providers; attracting and retaining key personnel;
the volatility of our Common Stock price; successful marketing of
our services to current and new customers; and operating expense
control.

Existing and prospective investors are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. We undertake no obligation to update
or revise the information contained in this Form 10-Q, whether as
a result of new information, future events or circumstances or
otherwise.


RESULTS OF OPERATIONS

Comparison of the three months ended September 30, 2003, to the
three months ended September 30, 2002

During the three months ended September 30, 2003, we
incurred an operating loss of approximately $228,000, compared to
an operating loss of approximately $242,000 during the three
months ended September 30, 2002.  We reported a net loss of
approximately $252,000 during the three months ended September
30, 2003, compared to a net loss of approximately $267,000 for
the three months ended September 30, 2002.  As discussed below,
the incremental improvements in operating and net losses are due
primarily to decreased operating expenses, partially offset by
decreases in gross revenues and gross profit margins.

Revenues consist primarily of royalty revenues and fees from
the licensing of content products to information distributors.
During the three months ended September 30, 2003, total revenues
were approximately $2,173,000, or approximately $259,000 (11%)
less than the total revenues for the three months ended September
30, 2002.  The decline in revenues is due to a loss of clients as
a result of business closures, primarily in the Internet and
personal investor markets, as well as reductions in our
distributor clients' royalties based on their declining revenues.

Our cost of revenues consists primarily of content license
fees and royalties to information providers, depreciation and
amortization expense on our production software, and data
communication costs for the delivery of our products to
customers.  The cost of revenues for the three months ended
September 30, 2003 was approximately $932,000 or approximately
$53,000 (5%) less than the cost of revenues for the three months
ended September 30, 2002.  The decrease in cost is due to a
decrease in content royalties of approximately $31,000, based on
decreased revenues for the period; a decrease of approximately
$8,000 in data communication costs to receive and distribute
content; and a decrease of approximately $14,000 in depreciation
and amortization expense based on the write-off of a product
offering during the 2003 fiscal year.  The decrease in
content royalties is limited by fees required to be paid to
certain information providers and, therefore, does not directly
track the decrease in revenues.

The gross profit for the three months ended September 30,
2003 was approximately $1,241,000 or approximately $206,000 (14%)
less than the gross profit for the same period in the prior year.
The gross profit as a percentage of revenue declined for the
three months ended September 30, 2003 to approximately 57% from
approximately 60% for the three months ended September 30, 2002.
The decline is based on the decrease in revenues with a lesser
corresponding decrease in content royalties as discussed above.

Total operating expenses for the three months ended September 30,
2003 were approximately $1,469,000, representing an approximate
$219,000 (13%) decrease in operating expenses from the three
months ended September 30, 2002.  This decrease in expenses
resulted from decreases in sales and marketing, general and
administrative expenses and depreciation and amortization
expenses, partially offset by an increase in technical operations
and support expense and stock-based compensation.

Technical operations and support expenses during the three
months ended September 30, 2003 increased approximately $51,000
(9%) from these expenses in the three months ended September 30,
2002.  The increase is primarily related to fees for consultants
providing technical management, systems administration and
programming services to streamline and migrate our production
data center to an offsite, hosted facility, partially offset by
decreases in personnel.

Sales and marketing expenses decreased by approximately $196,000
(70%) for the three months ended September 30, 2003 compared to
the three months ended September 30, 2002.  The decrease is the
result of decreases in personnel and related expenses compared to
the same quarter in the previous year.

General and administrative expenses for the three months
ended September 30, 2003 were approximately $64,000 (10%) less
than these expenses during the three months ended September 30,
2002.  This decrease in expenses resulted primarily from
decreases in personnel, decreased consulting fees related to
business development and a decrease in bad debt expense based on
the recovery of previously written-off accounts receivable.  The
decrease was partially offset by increases in accounting fees
related to the fiscal year 2003 audit engagement, board of
director fees related to an increase in the number of meetings
held and fees paid to recruit new executive staff.

Stock-based compensation of approximately $28,000 related to the
conversion of an incentive stock option to a non-qualified stock
option to a member of the Board of Directors and warrants granted
to a consultant during the three months ended September 30, 2003.
No such grants were made during the same period in the prior
year.

Depreciation and amortization expense for the three months ended
September 30, 2003 was approximately $38,000 (20%) lower than the
expense during the same period in the prior year.  The decrease
was due primarily to the disposal of two asset groups that were
determined to be impaired in the fourth quarter of the fiscal
year ended June 30, 2003.

Other expense, net of other income, for the three months ended
September 30, 2003 decreased approximately $2,000, or 6%,
compared to the three months ended September 30, 2002.  The
decrease was primarily due to reduced interest expense on the
related party note payable.


FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

For the three months ended September 30, 2003, we incurred
an operating loss of approximately $228,000 and a net loss of
approximately $252,000.  At September 30, 2003, we had a working
capital deficit of approximately $385,000, as compared with a
working capital deficit of approximately $399,000 at June 30,
2003.  We had net stockholders' equity of approximately $595,000
at September 30, 2003, as compared to net stockholders' equity at
June 30, 2003 of approximately $786,000.  The decrease in
stockholders' equity is primarily due to the net loss incurred
during the three months ended September 30, 2003, partially
offset by the exercise of stock options.

For the three months ended September 30, 2003, operating
activities generated approximately $116,000 in cash.  We had cash
of approximately $559,000 at September 30, 2003, compared to
approximately $465,000 at June 30, 2003.

We made capital expenditures of approximately $43,000 during
the three months ended September 30, 2003, primarily for the
migration of our production data center to an offsite, hosted
facility.  Financing activities produced approximately $20,000 in
cash from the exercise of stock options partially offset by
payments made on capital leases.


The Company's future contractual obligations and commitments as of
September 30, 2003 are as follows:
<TABLE>
                                      Amounts Due by Period:
                                                                        2009 and
                    2004       2005      2006       2007      2008     thereafter
                  --------------------------------------------------------------
<S>               <C>       <C>        <C>        <C>       <C>        <C>
Operating Leases   $395,937   $562,399  $579,271   $537,361  $528,911     $88,582
Capital Leases       48,501     24,818         -          -         -           -
Note Payable              -          -         -          -         -     856,954
                  --------------------------------------------------------------
      Total        $444,438   $587,217  $579,271   $537,361  $528,911    $945,536

</TABLE>

Currently we are dependent on our cash reserves to fund
operations; however, we incurred net losses for the quarter ended
September 30, 2003 and the years ended June 30, 2002 and 2003 and
our revenue base has been declining.  Assuming stability in the
financial and corporate markets - our primary markets, we believe
continuing control of operating expenses and a focus on revenue
generation in both our existing customer base and potential new
markets will generate positive operating cash flows to meet our
obligations on a short-term basis.  Our ability to meet our
liquidity needs on a long-term basis depends on our ability to
generate sufficient revenues and cash to cover our current
obligations and to pay down our current and long-term debt
obligations.  Any further corporate consolidation or market
deterioration affecting our customers could limit our ability to
generate such revenues.  No assurance may be given that we will
be able to maintain the revenue base or the size of profitable
operations that may be necessary to achieve our liquidity needs.
In addition, no assurance may be given as to the outcome of the
settlement negotiations, or if such negotiations are
unsuccessful, the outcome of the litigation, with our former
landlord, and the effect thereof on our cash reserves.

EBITDA, as defined below, was approximately $51,000 for the three
months ended September 30, 2003 compared to EBITDA of
approximately $62,000 for the three months ended September 30,
2002.  The decrease for the three-month period is the result of
reduced revenues. The table below shows the reconciliation from
net loss to EBITDA.
<TABLE>
                                            Three Months
                                         Ended September 30,
                                          2003        2002
                                      -------------------------
     <S>                              <C>          <C>
     Reconciliation to EBITDA:
       Net Loss                            (252)        (267)
      Stock Based Compensation               28            -
      Depreciation and Amortization         252          304
      Interest/Other Expense                 23           25
      Income Taxes                           -            -
                                      ---------     ----------
      EBITDA                           $     51      $    62
</TABLE>

EBITDA consists of earnings before interest expense, interest and
other income, income taxes, depreciation and amortization.
EBITDA does not represent funds available for management's
discretionary use and is not intended to represent cash flow from
operations.  EBITDA should also not be construed as a substitute
for operating income or a better measure of liquidity than cash
flow from operating activities, which are determined in
accordance with generally accepted accounting principles.  EBITDA
excludes components that are significant in understanding and
assessing our results of operations and cash flows.  In addition,
EBITDA is not a term defined by generally accepted accounting
principles, and as a result, our measure of EBITDA might not be
comparable to similarly titled measures used by other companies.

However, we believe that EBITDA is relevant and useful
information, which is often reported and widely used by analysts,
investors and other interested parties in our industry.
Accordingly, we are disclosing this information to permit a more
comprehensive analysis of our operating performance, as an
additional meaningful measure of performance and liquidity, and
to provide additional information with respect to our ability to
meet future debt service, capital expenditure and working capital
requirements.  See the audited financial statements and notes
thereto contained elsewhere in this report for more detailed
information.


Item 3.

      QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

          None.

Item 4.

     CONTROLS AND PROCEDURES

    The Company's Chief Executive Officer and Chief Financial
Officer have concluded, based on their evaluation within 90 days
prior to the filing date of this report, that the Company's
disclosure controls and procedures (as defined in Securities
Exchange Act Rules 13a-14(c) and 15d-14(c)) are effective to
ensure that information required to be disclosed in the reports
that the Company files or submits under the Securities Exchange
Act of 1934 is recorded, processed, summarized and reported,
within the time periods specified in the Securities and Exchange
Commission's rules and forms.  There have been no significant
changes in the Company's internal controls or in other factors
that could significantly affect these controls subsequent to the
date of the foregoing evaluation.


Part II.  Other Information


Item 1.  Legal Proceedings

     In July 2003, the Company commenced negotiations with its
landlord regarding the proposed termination of the lease
obligation at 4900 Seminary Road.  As part of the negotiations
the landlord filed suit on September 3, 2003 in Alexandria
General District Court in the Commonwealth of Virginia for
approximately $92,000 in unpaid rent and late fees through
September 30, 2003. These amounts are included in accounts
payable and other accrued expenses at September 30, 2003.
Negotiations are still underway and the outcome is currently
indeterminate.

          We are also involved in routine legal proceedings
occurring in the ordinary course of business, which in the
aggregate are believed by management to be immaterial to our
financial condition.


Item 2.  Changes in Securities and Use of Proceeds

     None.


Item 3.  Defaults Upon Senior Securities

     None.


Item 4.  Submission of Matters to a Vote of Security Holders

            None.


Item 5.  Other Information

     None.


Item 6.    Exhibits and Reports on Form 8-K.

     (a)  Exhibits

     31.1 Certification of Chief Executive Officer pursuant to Section
            302 of the Sarbanes-Oxley Act of 2002.

     31.2 Certification of Chief Financial Officer pursuant to Section
            302 of the Sarbanes-Oxley Act of 2002.

     32.1 Certification of Chief Executive Officer pursuant to Section
            906 of the Sarbanes-Oxley Act of 2002.

     32.2 Certification of Chief Financial Officer pursuant to Section
            906 of the Sarbanes-Oxley Act of 2002.


     (b)  Reports on Form 8-K

          On October 8, 2003 the Company filed a report on Form 8-K
          announcing a change in its certifying accountants.
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                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

                               COMTEX NEWS NETWORK, INC.
                                   (Registrant)


     Dated:  November 14, 2003     By:  /S/ STEPHEN W. ELLIS
                                   Stephen W. Ellis
                                   Chairman and Chief Executive Officer
                                   (Principal Executive Officer)

                                   By:  /S/ ROBIN Y. DEAL
                                   Robin Y. Deal
                                   Vice President, Finance & Accounting
                                   (Principal Financial and
                                     Accounting Officer)
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