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Sportsline.com restates income - Strategies
South Florida CEO, Dec, 2003 by Johanna Mormon
When we last wrote about Fort Lauderdale-based Sportsline.com (April 2003), the dotcom devoted to covering sports had achieved positive EBITDA ($2.2 million) for the first time in its eight-year history. Now the company has announced it will restate earnings for the past 2.5 years due to an error in the way it accounted for its employees' stock-option grants.
Fixing the error will lower earnings by about $8 million over that period.
COPYRIGHT 2003 Americas Publishing Group
COPYRIGHT 2003 Gale Group
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