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million in revenue in the first quarter. Portland-bases Craft Brewers Alliance (NASDAQ: HOOK) formed July 1, aftee the merger of Portland-based and Woodinville, Wash.-based The newlgy merged company reported results to allow comparisoj tolast year’s firs quarter. If the companie s had been merged atthe time, they wouldc have generated a 2008 first-quarter loss of $1.1 millio on revenue of $25.8 million. The first quarter continuer a troubling trend for the young which faces increased competition from rivals in the crafty brew industry and an uncertain future with its primary owne rand distributor, . In March, the compant disclosed 2008 lossesof $33.
3 millionj on $86 million in revenue and said it had written down the valuw of the Widmer brand by $30.5 million, more than a Anheuser-Busch owns 35.8 percent of Craftr Brewers outstanding common stock. St. Louis-based Anheuser-Busch was acquiredf by Belgium-based InBev last year for $52 which could affect its distribution relationship withCraft
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