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 LOS ANGELES (AP) - Napster Inc. closed out its fiscal fourth quarter with subscriber rolls at an all-time high and a new marketing approach meant to keep costs down for the online music retailer.
Still, the company said its loss widened during the quarter due to the impact of a one-time gain in the year-ago quarter.
Napster said Wednesday that its net loss was $8.5 million, or 20 cents per share, in the period that ended March 31, compared with $4.4 million, or 10 cents per share, in the year-ago period.
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