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| | ABC News: Earnings Reports for Nov. 1 |
 | | The company, which is in a $24 billion merger with French utilities and media group Vivendi, said its net income was $21 million, or 5 cents a share before accounting charges, compared with a loss of $95 million, or 22 cents a share, in the same period last year. |
 | | Including charges, the company reported a fiscal first-quarter loss of $369 million, or 84 cents a share, compared with a loss of $124 million, or 29 cents a share, in its fiscal first quarter of 1999. |
 | | The company, which shifted to a free model from a subscription-based model earlier this year, said news distribution deals were slower to implement than it had expected. |
| abcnews.go.com /Business/story?id=89115&page=1 (2624 words) |
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