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To: Mr. Big who wrote (54176)	8/2/1999 7:57:00 AM
From: briskit	Respond to of 120523

--Aug. 2, 1999--Career Education Corporation (NASDAQ:CECO) today reported record second quarter 1999 net revenues, net income and enrollments. The Company's second quarter net revenues were $48.8 million, up 51 percent from $32.3 million for the same period last year. Second quarter 1999 net income was $744,000 or $0.09 per share fully diluted compared to net income of $227,000 or $0.03 per share fully diluted in second quarter 1998. For the six-month period ended June 30, 1999, net revenues were $94.2 million, up 45 percent from $64.9 million for the same period last year. Net income for the first half of 1999 was $2.3 million or $0.29 per share fully diluted compared to a pro forma net income of $631,000 or $0.10 per share fully diluted for the first half of 1998. Pro forma net income for 1998 excludes the non-recurring, net-of-tax $1.1 million non-cash compensation expense and $205,000 change in accounting principle. Second quarter 1999 new student enrollment (starting class) rose 18 percent to 3,347 students, up from 2,833 for the same period last

To: Mr. Big who wrote (54176)	8/2/1999 8:02:00 AM
From: briskit	Read Replies (1) \| Respond to of 120523

CBS Corporation Reports Record Results for Second Quarter 1999; Profit Growth Up Dramatically for All Operating Segments PR Newswire, Monday, August 02, 1999 at 07:25 Net Revenues Up 13% Operating Cash Flow Up 55% After Tax Cash Flow Up 55% Earnings Per Share of $0.13 Up from $0.01 Last Year NEW YORK, Aug. 2 /PRNewswire/ -- CBS Corporation (NYSE:CBS) today reported record operating results for the second quarter of 1999. Results for the Second Quarter of 1999 Net revenues for the second quarter were $1,678 million, as compared to $1,484 million for the second quarter of 1998, an increase of approximately 13%. The increase was due to revenue growth at the Company's television segment, at its out-of-home media subsidiary, Infinity Broadcasting Corporation (NYSE:INF), and at its cable segment, which had strong sales growth at its country lifestyle cable channels.