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June 19, 1997updated 05 Sep 2016 1:02pm


By CBR Staff Writer

CompuServe Corp has reported fourth quarter net losses of $18.0m, after a $9.2m charge for write down of equities and office facilities, up from losses last time of $1.1m, on revenues that fell 3.3% to $207.9m. Net losses for the year to April 30 were $119.8m, after an $80.1m charge for restructuring, the closure of the Wow! Service, accelerated amortization and the above charge, against profits the previous year of $49.1m, on revenues that rose 6.1% to $841.9m.

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