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Rentrak 4Q Profit Down 63 Percent

10 Jun, 2005 By: Erik Gruenwedel

Ongoing investments in new information management and reporting services, including cable and VOD markets, company restructuring, increased accounting fees and compensation expenses, helped drive down Rentrak Corp.'s fourth quarter (ended March 31) net income to slightly more than $759,000, or 7 cents per diluted share, compared to $2.1 million, or 20 cents per diluted share during the same period last year.

Revenue for the Portland, Ore.-based distributor and media-measurement company dropped $845,000 to $23.3 million, compared to $24.2 million last year.

For fiscal 2005, Rentrak posted revenue of $98.5 million, up more than 26 percent from $78.1 million, during the same period last year.

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