Thread:
"We are on schedule to complete the merger with Gemstar International Group Limited sometime in
the first half of 2000 and continue to be most excited about the future prospects this combination
holds for our business," stated Joe Kiener, Chairman and Chief Executive Officer. "We are very
pleased with the performance of our consolidated media sales force, which increased advertising
revenue on the TV Guide Channel 27% over the prior year, while, at the same time, producing
advertising revenues for our magazine group on the same high level as the previous year. The new
look for the TV Guide Channel, rolled out nationally during the quarter, has been very well received
in the market place and should help to propel additional subscriber and revenue growth in the
future. Recent 24-hour ratings show a 49% overall increase, a 23% increase with adults 25-54 and
a 48% increase with adults 35-49 compared to the same period last year."
"We are proud to announce that we now have TV Guide Interactive available in over 3 million digital
cable homes, including all of the top 10 DMA's in the United States. During the quarter we also
completed a strategic alliance with Echostar for the conversion of C-band customers to the Dish
Network service and are currently ahead of plan with the conversion. Additionally, we completed our
third two-for-one stock split during the quarter," said Peter C. Boylan III, President and Chief
Operating Officer. "We continue to make significant investments in TV Games, Interactive,
International and Online and our efforts are certainly beginning to bear fruit. TV Games' signal can
now be seen by more than 7 million households receiving cable or satellite signals. TV Guide Online
also had a great quarter with traffic increasing to almost 50 million page views per month with visitors
spending over 15 minutes per visit."
tvguideinc.com
TV Guide, Inc. Announces Fourth Quarter and Year End 1999 Earnings (March 14, 2000)
Sorry if already posted.
Cheers,
Climber |
