Payments for Vin Gupta Contribute to Loss at InfoGroup

Posted on by Chief Marketer Staff

InfoGroup Inc. reported a preliminary $1.7 million operating loss for the third quarter that ended Sept. 30, which included $10.2 million in severance paid primarily to former CEO Vin Gupta, as well as $4.1 million to pay for his legal expenses.

Preliminary revenues for the third quarter were $181.9 million, compared to $185 million for the same quarter last year. Revenues for the third quarter of 2007 included $3.6 million associated with a license agreement with First Data Resources, which was not renewed this year.

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