To: quidditch who wrote (985 ) 12/6/1999 11:50:00 AM From: LBstocks Respond to of 6516
TVGIA: Revised Price Target To $79 From $57 Tv Guide Inc Cl A(TVGIA)* Rating: 3H 19991005 Salomon Smith Barney ~ November 30, 1999 11/30/99 TV Guide, Inc. (TVGIA $64.12,3-H,Tgt $79.00) Spencer Grimes --SUMMARY:--TV Guide, Inc.--Cable * Rise in GMST shares have put implied value on TVGIA shares of $79 based on transaction terms of .6573 GMST shares per TVGIA share. * While federal approvals are required, we still anticipate deal closing for Q200. 11/30/99 TV Guide, Inc. (TVGIA $64.12,3-H,Tgt $79.00) Spencer Grimes --EARNINGS PER SHARE-------------------------------------------------------- FYE 1 Qtr 2 Qtr 3 Qtr 4 Qtr Year Actual 12/98 EPS $N/A $N/A $N/A $N/A $0.63A Previous 12/99 EPS $0.12A $0.06A $0.01E $(0.05)E $0.09E Current 12/99 EPS $0.12A $0.06A $0.01E $(0.05)E $0.09E Previous 12/00 EPS $0.01E $0.03E $0.07E $0.10E $0.21E Current 12/00 EPS $0.01E $0.03E $0.07E $0.10E $0.21E Previous 12/01 EPS $N/A $N/A $N/A $N/A $0.48E Current 12/01 EPS $N/A $N/A $N/A $N/A $0.48E Footnotes: 11/30/99 TV Guide, Inc. (TVGIA $64.12,3-H,Tgt $79.00) Spencer Grimes --FUNDAMENTALS-------------------------------------------------------------- Current Rank........:3H Prior:No Change Price (11/26/99)....:$64.12 P/E Ratio 12/99.....:712.4x Target Price..:$79.00 Prior:57.00 P/E Ratio 12/00.....:305.3x Proj.5yr EPS Grth...:0.0% Return on Eqty 98...:N/A% Book Value/Shr(99)..:9.60 LT Debt-to-Capital(a)29.2% Dividend............:$N/A Revenue (99)........:1268.40mil Yield...............:N/A% Shares Outstanding..:154.0mil Convertible.........:No Mkt. Capitalization.:9874.5mil Hedge Clause(s).....: Comments............:(a) Data as of the most recently reported quarter. Comments............: 11/30/99 TV Guide, Inc. (TVGIA $64.12,3-H,Tgt $79.00)