Some International Olympic Committee officials cut a deal to let China block sensitive Web sites during the Summer Olympics despite promises of unrestricted access, a senior IOC official said Wednesday. "I regret that it now appears BOCOG has announced that there will be limitations on Web site access during Games time," IOC press chief Kevan Gosper said. "I also now understand that some IOC officials negotiated with the Chinese that some sensitive sites would be blocked on the basis they were not considered Games-related."
LOSSES GROW AT THQ
Video game publisher THQ posted a wider fiscal first-quarter loss Wednesday, driven by delays of its sequel to "Saints Row" and lighter-than-expected sales of its "WALL-E" game. THQ said its loss increased from $9.3 million a year ago to $27.2 million.
IAC BEATS STREET
Barry Diller's IAC/InterActiveCorp posted second-quarter results Wednesday that beat Wall Street forecasts, though charges resulted in a loss. Diller plans to spin off HSN, Ticketmaster, Interval and LendingTree into four publicly traded companies. IAC posted a loss of $421.6 million, compared with a year-ago profit of $94.6 million.
CHARGE HURTS COX
Cox Radio posted a $72.4 million second-quarter loss on a charge, compared with a profit of $20.3 million a year ago. Cox said it recorded a noncash impairment charge of $96.8 million to reduce the carrying value of some intangible assets to their estimated fair values.