Sohu Reports Net Loss of US$20 mln in Q4
By firstname.lastname@example.org (InfoseekChina)
(CRI) Chinese website Sohu is reporting a fourth-quarter loss of about 20-million U.S. dollars.
Sohu’s revenues through the quarter did increase by some 24-percent.
However, the company has been spending heavily on video content for its site.
Sohu’s CEO says the company is going to scale back on its spending for video content, and instead focus on self-created variety shows and other, less-expensive entertainment programs.
Source:: Sohu Reports Net Loss of US$20 mln in Q4
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