Medialink Worldwide's Accounts Awash with Red Ink

by Bob Burton — November 15, 2005 - 5:11am

In its latest quarterly financial report, Medialink Worldwide, the world's biggest producer of video news releases (VNRs), has revealed that its losses are growing. In the three months to the end of September, the company had a loss of $1.3 million from continuing operations, compared to $596,000 for the same period in 2004. Medialink's Media Communications Services unit - which is responsible for products such as VNRs, audio news releases, B-roll and Satellite Media Tours - suffered a 6.9 percent drop in income, largely as the "result of a significant decline in business from a major customer." The company notes that changes in government regulations imposed "on the company or on the news media could have the effect of reducing the effectiveness of our services." On the teleconference for investors, Medialink's CEO, Larry Moskowitz, made no direct mention of the controversy over fake news.