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comScore Reports Losses Grew to $51.5M in 1Q

comScore reported that it lost $51.5 million in the first quarter, up from the $40.8 million deficit it registered a year ago.

The loss comes to 93 cents a share, compared to 71 cents a year ago.

comScore had investigation and audit related expenses of $31.9 million. 

[comScore, Transform Create Local News Intelligence]

The is the first quarter in nearly three years in which the company has reported its financial results because until March, it had to engage in a painstaking re-audit after accounting issues were found in its books in 2015.

The company has had three CEOs since then and lost $281.4 million in 2017.

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.