December 5, 1997

In a ZDNN article titled "Crunch Time for CNET?" the author describes problems at Snap, including the following:

The company's growing pains showed through in October, when Cnet posted a $6.2 million third-quarter loss that it blamed on overspending for Snap!

Sources within the company said several of the Snap!'s thirteen channels are not performing up to expectations and that nearly half of the hits on the site go to a single channel. Cnet, which launched Snap! in September, has spent more than $9.3 million on the venture.