CNET Networks Announces Target Date for Filing Restated Financials and to Report Fourth Quarter and Full Year 2006 Results on Ja
January 10 2007 - 9:00AM
Business Wire
CNET Networks, Inc. (Nasdaq:CNET) announced today that it expects
to file restated financial statements as well as delinquent
quarterly reports with the Securities and Exchange Commission on
January 29, 2007. The Company�s restated financial statements for
the years ended December 31, 2003, 2004, and 2005 will be filed as
an amended 2005 Annual Report on Form 10-K. The company also
expects that on January 29, 2007, it will file with the Securities
and Exchange Commission an amended Form 10-Q for the quarter ended
March 31, 2006, as well as the delinquent Quarterly Reports on Form
10-Q for the quarters ended June 30, 2006, and September 30, 2006.
By filing on January 29, 2007, CNET Networks expects to meet the
conditions of the Nasdaq Listing Qualifications Panel for continued
listing of its common stock on The Nasdaq Global Select Market. The
Company also announced today that it will report its fourth quarter
and full year 2006 financial results after market close on Monday,
January 29, 2007. CNET Networks' management will host a conference
call beginning at 5:00 p.m. ET (2:00 p.m. PT) on January 29, 2007,
to review the company's recent financial and operating performance
and to discuss its business outlook. A live broadcast of the fourth
quarter and full year 2006 financial results conference call will
be available via webcast, which can be accessed by visiting the
CNET Networks Investor Relations website home page at
http://ir.cnetnetworks.com and clicking on the link provided. The
conference call will also be available by phone by dialing (800)
344-1035 (international: (706) 679-3076) and asking to be connected
to the "CNET Networks fourth quarter call." A replay of the call
will be available through an archived webcast at
http://ir.cnetnetworks.com and by telephone until February 12, 2007
by dialing (800) 642-1687 (international: (706) 645-9291) and
entering conference ID number 5679070. Forward-Looking Statements
This press release contains forward-looking statements concerning
the Company's plans to file with the Securities and Exchange
Commission restated historical financial statements and delinquent
quarterly reports on Form 10-Q, statements regarding continued
listing of CNET Networks� common stock on the Nasdaq Global Select
Market and statements regarding the reporting of fourth quarter and
full year 2006 financial results. There can be no assurance
concerning the timing of the Company's restatement process or that
the filing of its financial statements with the Securities and
Exchange Commission will satisfy the Nasdaq Listing Qualifications
Panel�s requirements. Forward-looking statements are made as of the
date of this press release and, except as required by law, the
Company does not undertake an obligation to update its
forward-looking statements to reflect future events or
circumstances. About CNET Networks CNET Networks, Inc.
(Nasdaq:CNET) (www.cnetnetworks.com) is an interactive media
company that builds brands for people and the things they are
passionate about, such as gaming, music, entertainment, technology,
business, food, and parenting. The Company�s leading brands include
CNET, GameSpot, TV.com, MP3.com, Webshots, CHOW, ZDNet and
TechRepublic. Founded in 1993, CNET Networks has a strong presence
in the US, Asia and Europe.
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