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BCI Decline Impacts Navarre Q3

7 Feb, 2008 By: Erik Gruenwedel

Ongoing struggles with DVD distributor BCI resulted in Navarre Corp. posting third quarter (ended Dec. 31) net income of $3.9 million on revenue of $217 million, down slightly from income of $4 million and revenue of $195 million during the same period last year.

In a call with analysts, CEO Cary Deacon said BCI would focus on Latino and budget fare going forward and projected profitability for the unit in 2009.

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