Finance

TOPPS HITS BOTTOM? CARD COMPANY REPORTS QUARTER LOSS

1.12.1998

          Topps Co. reported a net loss for the third quarter,
     ended November 29, of $8.5M, or $0.18 a share, compared with
     a net loss of $18.5M, or $0.39 per share, a year-earlier.
     For the nine months ended November 29, Topps reported a net
     loss of $9.5M, compared with a net loss of $13.5M for the
     year-earlier period (CRAIN'S N.Y. BUSINESS, 1/5 issue).  In
     N.Y., Bill Madden added Topps "eliminated 30 jobs, including
     its PR operation, headed by former Yankee publicist and TV
     producer Marty Appel" (N.Y. DAILY NEWS, 1/11).

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