CNET Networks calls 5% convertibles

New York, May 6 - CNET Networks Inc. said it will redeem all its 5% convertible subordinated notes due 2006 on June 7.

The San Francisco technology publishing company will pay 101.429% of par plus accrued interest up to but excluding the redemption date.

Funding for the redemption will come from CNET's recent sale of $125 million 0.75% senior convertible notes due 2024.

CNET has $113.724 million of the 5% convertibles outstanding.

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