The 1998 second quarter results represent CNET's first quarter of generating operating income. We are very excited with the financial, operating and development activities completed during the past ninety days.
Web publishing are just two of the quarter's high points.
LLC, was completed on June 30, 1998. CNET Online finished the quarter as the highest reaching network in both Media Metrix and RelevantKnowledge when compared to other major technology competitors. CNET dominated the 13th Annual Computer Press Awards by taking eight first place awards, and by sweeping all first place finishes in the Online and Broadcast categories, completely shutting out the competition. CNET Online's advertisers totaled 226 for the second quarter of 1998, up from 195 for the first quarter. USA Networks renewed its national carriage contract with CNET Television for the third straight season.