With a 15 percent jump in revenue from subscriptions, online music retailer Napster Inc. said Wednesday it spent less and lost much less in its third quarter than a year earlier. For the three months ended Dec. 31, the company posted a net loss of $2.8 million, or 6 cents per share, compared with a net loss of $9.5 million, or 22 cents per share, in the same period a year earlier. Revenue totaled $32.8 million, up 15 percent from $28.4 million in the year-ago quarter, with the rise driven primarily by growth in subscription and wireless music sales, the company said. (AP)
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