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The loss of 11 cents per share compares to a net loss of $270.9 million, or 65 cents a share, for the same period a year ago. That figure included a $223.2 million accounting charge.

The company reported late Thursday that total revenue from its publishing, cable and satellite, consumer electronics licensing and corporate units declined 13 percent to $227.9 million in the quarter ended March 31. That was down from $260.5 million in the first quarter of 2002.

"While we are clearly not satisfied with our financial results this quarter, the results are reflective of the challenging state of each of our businesses," CEO Jeff Shell said.

The company's consumer electronic licensing division generated $33.9 million in sales, up 6 percent from $31.9 million in the year-ago period.

But declining circulation for TV Guide hurt the company's publishing arm, which posted $109 million in revenue, down 11 percent from $123 million in the first quarter of 2002.

Gemstar-TV Guide's cable and satellite business, which includes TV Guide ChannelSM and TV Guide Interactive, had revenue in the quarter of $85 million, down 20 percent from $106 million in the same quarter last year.

The company experienced a management shakeup last month with the ouster of founder and CEO Henry Yuen. The Securities and Exchange Commission began a formal investigation in October, focusing on Gemstar's bookkeeping practices from 1999 to Nov. 7, 2002, when Yuen ran the company.

The company said it has revamped its operating strategies and management team and begun beefing up internal controls.

"These plans will take some time to execute and cannot be expected to immediately result in improved financial performance," Shell said.