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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: MW who wrote (2038)	1/4/1999 1:42:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 3015

Not an auspicious start in 1999, Mud Weasel. SRCM down, 1 5/16 to 16 3/4.

To: MW who wrote (2038)	5/31/2001 5:08:14 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 3015

SOURCE MEDIA SAYS INTEREST NOT PAID ON SR. SECURED NOTES 2001-05-31 16:37 (New York) (The following is a reformatted version of a press release issued by Source Media and received via fax. The release was confirmed by the sender.) SOURCE MEDIA INTEREST NOT PAID Company Examining Strategic Alternatives DALLAS, May 31,2001 - Source Media, Inc. (OTC Bulletin Board: SRCM), a leading provider of interactive digital cable TV applications mid audio and text applications for all digital media platforms, announced today that it has not made the approximately $5.3 million interest payment on its 12% Senior Secured Notes due May 1, 2001 within the 30-day grace period provided by the indenture governing the Notes, and that an Event of Default has therefore occurred with respect to the Notes. As a result, the holders of at least 25% of the aggregate principal amount of Notes outstanding may declare the entire unpaid principal amount of the Notes and all accrued interest due and payable immediately. The Company has engaged UBS Warburg as its exclusive financial advisor in analyzing its strategic alternatives and will continue to review all available options. Source Media is a leader in the development, production and distribution of new media content. Source Media's interactive TV business is conducted through SourceSuite LLC, a 50/50 joint venture with Insight Communications, which is managed by Source Media. SourceSuite's products are SourceGuide, an interactive program guide and LocalSource, a local interactive programming service. Source Media's IT Network is the leading creator of private label audio and text content, This content is designed for universal distribution and access across all platforms, including voice portals, wireless and wireline telephone, Internet and digital cable television, For further information, please visit our website at www.sourcemedia.com. CONTACT: Benjamin J. Douek, Chief Financial Officer 972-701-5401 972-701-5566 - Facsimile bjdouelc@srcm.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements that are not historical facts, including statements about co~fidence and strategies and plans and expectations about new and existing products, services, technologies and opportunities, industry growth, demand, and acceptance of new and existing products, and returns on investments in products and markets are forward-looking statements that involve risks and uncertainties that could significantly impact the companies. These statements are not guarantees of future performance, and actual results could differ materiallyfrom current expectations.