CNET Networks Inc, fighting dissident shareholders who want to expand the board, posted a narrower first-quarter loss on Thursday and announced a partnership with Yahoo Inc to provide content to Yahoo sites and cross-sell advertising.

The venture, set to launch in the third quarter, would bring CNET about $100 million in revenue over the next three year, CNET Chief Executive Neil Ashe said on a conference call.

CNET shares rose 3.2 percent to $7.75 in extended trade, after closing Thursday’s session down 1.8 percent at $7.51.

The three-year strategic partnership with Yahoo comes as San Francisco-based CNET, best known for its technology news and reviews, faces pressure from an investor group led by hedge fund Jana Partners to transform itself into a “Web 2.0 company.”