CNet Profit Doubles on Holiday Ad Sales

CNet Networks Inc., publisher of Web-based technology news and reviews, said fourth-quarter profit doubled on higher holiday-season ad sales and said it sold Computer Shopper magazine, a print publication.

Net income jumped to $22.9 million, or 14 cents a share, from $9.23 million, or 6 cents, a year earlier, San Francisco-based CNet said. Sales rose 20% to $107.4 million.

CNet shares fell 15 cents to $13.85.