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Business Briefing / Earnings

TiVo posts loss as viewers cancel

August 27, 2009|TIMES WIRE REPORTS

TiVo Inc., the pioneer in digital video recording services, reported a loss of $2.9 million for the second quarter as subscribers canceled the service.

The loss of 3 cents a share compared with a profit of $2.9 million, or 3 cents, a year earlier, the Alviso, Calif., company said. Sales fell 12% to $57.4 million.

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