Short Take: CMP Media to miss expectations

CMP Media said its second-quarter revenues and earnings are expected to be lower than year-ago figures because of a decline in advertising revenue and other factors. The media company anticipates net earnings of between 10 cents and 14 cents a share. According to First Call, analysts had expected the company to report earnings of 30 cents a share.

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

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Dawn Kawamoto

June 23, 1998 8:05 p.m. PT

said its second-quarter revenues and earnings are expected to be lower than year-ago figures because of a decline in advertising revenue and other factors. The media company anticipates net earnings of between 10 cents and 14 cents a share. According to First Call, analysts had expected the company to report earnings of 30 cents a share.