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Technology Stocks : Source Media SRCM

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To: MW who wrote (2612)	6/8/1999 3:43:00 PM
From: MW	Read Replies (1) of 3015

comments from the Pru Bache technology conference today <<TV Guide (TVGIA: news, msgs) Chief Financial Officer Craig Waggy said the company is adding 5,000 homes per day to its TV Guide Interactive Service. The digital set-top box service now has 2 million subscribers. The media company performed a test of its upcoming TV Games Network, which allows horse betting in states where legal. A Kentucky test generated $1,400 per month per household. Waggy also said advertiser response has been "overwhelmingly strong" to its ability to offer access across multiple media platforms. He said TV Guide couldn't comment on talks with Gemstar about settlment of their six-year-old litigation over listing content. TV Guide is "very close" to closing its deal Source Media to offer local content, he added. And the company is also negotiating with cable companies to offer its TV Guide listings on televisions as soon as you turn them on. The company has considered spinning some of its units off in IPOs, but nothing is imminent, Waggy said>> "very close to closing deal with Source Media". "TV Guide Interactive has 2 million customers and is adding 5000 per day"

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