New York ? Beliefnet.com, an interfaith Internet site, said it has emerged from the Chapter 11 bankruptcy protection it sought last April, and that October was its first month with a net gain in operating cash flow.

The 3-year-old operation reported it sends 170 million varied e-mail newsletters a month to more than 3.9 million subscribers. It also publishes spirituality books with Rodale Press and provides religious content to ABC News and America Online.

Steven Waldman, founder and chairman of Beliefnet.com, said the firm emerged from bankruptcy Oct. 28 after creditors approved a reorganization and were paid 33 cents on the dollar.