NEW YORK: Medialink reported third quarter revenues of $5.3 million for the three months ending September 30, a 28.4% decrease compared to the same quarter in 2007.
Revenues for the US-based media communications service business increased $90,000 or 1.8%. However, the company reported a net loss of just under $1 million for the quarter, compared to a $1.6 million loss in Q3 2007.
On the earnings conference call this morning, president and CEO Laurence Moskowitz acknowledged the challenges posed by the ...