LookSmart has revised the loss it expected to make last quarter from less than $1 million up to $1.4 to $1.7 million. Reason? Lower revenues due to not getting as many new
advertisers as hoped. In reaction, the company has reorganized into two divisions: consumer products and paid listings/syndicated technologies, with new execs named to lead
those. More details from ClickZ: LookSmart Warns, Shuffles Execs.
LookSmart Reorganizes, Raises Loss Projections
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