CNET (NSDQ: CNET) Networks has just reported its Q3 numbers: revenues for Q3 were $99.5 million, a 7 percent increase compared to revenues of $93.3 million for the year-ago quarter. Net losses were $16.6 million, compared with net losses of $2.3 million in the year-ago quarter. It said the losses were impacted by a $19.0 million non-cash goodwill impairment charge and $406K in costs associated with the Company’s stock option investigation and related matters partially offset by $590K in gains on private investments.

Excluding stock compensation expense, stock option investigation expense and related matters, goodwill impairments, and realized gains on investments, adjusted net income for Q3 was $6.9 million, compared to $9.9 million in the year-ago period.

For Q4, excluding Webshots, company anticipates total revenues of $119 million to $125 million, a year-over-year growth of between 5 percent and 10 percent.

Also, the company announced that Stephen Colvin, former president and CEO of Dennis Publishing, publisher of Maxim, Stuff and Blender magazines, is joining the company as EVP. Colvin will oversee the company’s entertainment and lifestyle properties, which include GameSpot, TV.com, MP3.com, CHOW, and UrbanBaby. Also, on the sales side, Jack Haire has been named as Chief Client Officer…Haire retired from Time Inc. as EVP-corporate sales & marketing during the December 2005 re-org, and had been working with CNET as an advisor for a while now.

Earnings release.

Update: From the conference call: More divestments coming? It looks like, from what CEO Neil Ashe hinted in the conference call. “We’re creating a new CNET Networks. We are not the site of the day, we are the media company of the future.” He said that the future will include: “launch, buy and build more properties. It is also important to sell some of our properties and we won’t shy from it.”