CUSIP NO. 205914104




                     SECURITIES AND EXCHANGE
                           COMMISSION

                     Washington, D.C.  20549

                          SCHEDULE 13D

            Under the Securities Exchange Act of 1934


                    COMTEX NEWS NETWORK, INC.

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                         (NAME OF ISSUER)

             Common Stock, par value $0.01 per share
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                  (TITLE OF CLASS OF SECURITIES)

                            205914104
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               (CUSIP Number of Class of Securities)

                        Charles W. Terry
                       4900 Seminary Road
                            Suite 600
                   Alexandria, Virginia  22311
                         (703) 820-2000

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      (NAME, ADDRESS, TELEPHONE NUMBER OF PERSON AUTHORIZED
             TO RECEIVE NOTICES AND COMMUNICATIONS)

                        February 20, 2002
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     (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT

If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and if filing this schedule because of Rule 13d-
1(e), 13d-1(f) or 13d-1(g), check the following box.  [  ]


1.   NAME OF REPORTING PERSON
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     CHARLES W. TERRY

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
     (A) Not applicable
     (B) Not applicable

3.   SEC USE ONLY


4.   SOURCE OF FUNDS   PF

5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) Not applicable

6.   CITIZENSHIP OR PLACE OF ORGANIZATION    USA

7.   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE VOTING POWER        984,908

8.   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED VOTING POWER Not applicable

9.   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SOLE DISPOSITIVE POWER   984,908

10.  NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH SHARED DISPOSITIVE POWER 5,000

11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                   1,001,908

12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN   SHARES Not applicable

13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                    7.7%

14.  TYPE OF REPORTING PERSON                     IN


Item 1.     Security and Issuer

     This statement on Schedule 13D (the "Statement") relates to
shares of common stock, par value $0.01 per share ("COMTEX Common
Stock"), of COMTEX News Network, Inc., a New York corporation
(the "Issuer").  The address of the Issuer's principal executive
office is 4900 Seminary Road, Suite 600, Alexandria, Virginia
22311.


Item 2.     Identity and Background

     The Statement is filed on behalf of Charles W. Terry.  Mr.
Terry is President, Chief Executive Officer and a Director of the
Issuer and his business address is 4900 Seminary Road, Suite 600,
Alexandria, Virginia 22311.

     During the past five years, Mr. Terry has not been convicted
in a criminal proceeding or been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and
as a result of such proceeding, was or is subject to a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws.

     Mr. Terry is a citizen of the United States.

Item 3.     Source and Amount of Funds or Other Consideration

     Mr. Terry exercised an option on February 20, 2002 to
purchase 300,000 shares of COMTEX Common Stock at an exercise
price of $0.10 per share.   Mr. Terry used personal funds to
exercise this option and purchase the shares of COMTEX Common
Stock.

Item 4.     Purpose of Transaction

     As a result of guarantees and related loans to the Issuer in
February 1995 from Dr. C. W. Gilluly, the Chairman of the Board
of the Issuer, and his spouse, Dr. Gilluly and his spouse held an
option to purchase 2,540,503 shares of COMTEX Common Stock with
an exercise price of $0.10 per share (the "Comtex Option
Agreement").  Such option had an expiration date of February 20,
2002.  On February 18, 1999, Dr. Gilluly and his spouse
transferred their right and option under the Comtex Option
Agreement to purchase 676,500 shares of COMTEX Common Stock to
Mr. Terry.  On February 20, 2002, Mr. Terry exercised a portion
of the option to purchase 300,000 shares of COMTEX Common Stock
prior to its expiration.

     Mr. Terry's beneficial ownership includes 577,175 shares of
COMTEX Common Stock; 397,733 shares of COMTEX Common Stock which
may be acquired upon the exercise of vested options granted under
the COMTEX News Network, Inc. 1995 Stock Option Plan; 10,000
shares of Common Stock held by Mr. Terry's children under the
Uniform Gifts to Minors Act, as to which Mr. Terry holds sole
voting and dispositive power; 5,000 shares of Common Stock held
by Mr. Terry's mother, as to which Mr. Terry holds shared
dispositive power; and 12,000 shares of Common Stock held by Mr.
Terry's wife, as to which he disclaims beneficial ownership.

     Mr. Terry is contemplating the sale of approximately 100,000
shares of COMTEX Common Stock in a private transaction.

     Apart from the foregoing, Mr. Terry does not have any other
plans or proposals which relate to or would result in:  (a) the
acquisition by any person of additional securities of the Issuer
or the disposition of securities of the Issuer; (b) an
extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries; (c) a sale or transfer of a material amount of
assets of the Issuer or any of its subsidiaries; (d) any change
in the present Board of Directors or management of the Issuer,
including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board; (e) any
material change in the present capitalization or dividend policy
of the Issuer; (f) any other material change in the Issuer's
business or corporate structure; (g) changes in the Issuer's
articles of incorporation, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of
control of the Issuer by any  person; (h) causing a class of
securities of the Issuer to be deleted from a national securities
exchange or to cease to be authorized or quoted in an inter-
dealer quotation system of a registered national securities
association; (i) a class of equity securities of the Issuer
becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Exchange Act; or (j) any action similar
to any of those enumerated above.  Mr. Terry reserves his rights
to develop such plans or proposals and to consider and address
any matters, including such plans and proposals, that may come
before the Issuer or before Mr. Terry in his capacity as a
Director of the Issuer.

     In the future, Mr. Terry may determine to purchase
additional shares of the Issuer's capital stock or may determine
to sell shares of the Issuer's capital stock.  Any such
determination will depend on a number of factors, including
market prices, the Issuer's prospects and alternative
investments.

Item 5.     Interest in Securities of the Issuer

     (a)  The Issuer's total issued and outstanding capital stock
as of February 20, 2002 is 13,088,744 shares of COMTEX Common
Stock.  In the aggregate, Mr. Terry beneficially owns 1,001,908
shares or 7.7% of the Issuer's issued and outstanding COMTEX
Common Stock.

     (b)  Mr. Terry beneficially owns 984,908 shares of COMTEX Common
Stock as to which he has sole power to vote and sole dispositive
power.  In addition, Mr. Terry's beneficial ownership includes
5,000 shares of Common Stock held by Mr. Terry's mother, as to
which Mr. Terry holds shared dispositive power; and 12,000 shares
of Common Stock held by Mr. Terry's wife, as to which he
disclaims beneficial ownership.


     (c)  Mr. Terry individually owns 577,175 shares of COMTEX
Common Stock, representing approximately 4.4% of the COMTEX
Common Stock.  On February 18, 1999, Dr. Gilluly and his spouse
transferred their right and option to purchase 676,500 shares of
COMTEX Common Stock to Mr. Terry.  Mr. Terry exercised the option
to purchase 300,000 shares of COMTEX Common Stock.  This option
had an exercise price of $0.10 per share of COMTEX Common Stock
and was exercised on February 20, 2002.

     There have been no other transactions in the Issuer's COMTEX
Common Stock that were affected by or on behalf of Mr. Terry in
the past 60 days.

     (d)  Not applicable.

     (e)  Not applicable.

Item 6.  Contracts, Arrangements, Understandings or Relationships
          with Respect to Securities of the Issuer.

     Not applicable

Item 7.     Material to Be Filed as Exhibits

     Not applicable.

                            SIGNATURE

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Schedule 13D is true, complete and correct.


                              /s/ CHARLES W. TERRY
                              ____________________
                              Charles W. Terry


Dated:  March 4, 2002