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Real sees sales fall

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Apr 30, 2003

RealNetworks said subscribers for its streaming news and entertainment services have topped one million, but announced a first quarter loss as revenue fell slightly. The web media delivery firm reported a net loss of $2.8m on revenue of $46.9m, compared with earnings of $1.05m on revenue of $47.3 million in the same period in 2002. Last week, RealNetworks announced it has agreed to acquire digital music provider Listen.com, to expand its content subscription offering.

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