Tech portal giant C|net posted a US$23.4 million operating loss for its second quarter as revenues fell to $71.1 million from the $104.3 million in the year ago quarter. Average daily page views increased 26 percent to 38.4 million across the company’s properties. C|net maintains that reliance on online advertising is a sound business model, despite choppy economic conditions. The company also announced that it will be laying off 190 employees, or 15 percent of its staff. The cost-cutting measure will focus on eliminating duplicate services that the company provides after it bought out rival ZDNet last year.