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Technology Stocks : Ticketmaster-Citysearch (TMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Wade Spencer Graves who wrote (279)	1/12/1999 4:23:00 PM
From: Provocateur	Respond to of 803

Ticketmaster sales up 143 percent By Cecily Fraser, CBS MarketWatch Last Update: 4:13 PM ET Jan 12, 1999 Also: Tech Report REDMOND, Wash. (CBS.MW) -- Ticketmaster Online-CitySearch shares jumped Tuesday after the company reported fourth-quarter sales rose 143 percent to $13.6 million. The provider of local city guides, advertising and live event ticketing on the Internet (TMCS) said its businesses were boosted by record online ticket sales in the quarter. Ticketmaster said that several events, such as the 1998 World Series, helped raise the percentage of tickets it sold online to 6 percent from 2 percent a year ago. The company said growth in Web site sales and sponsorship and advertising on the site also drove sales higher. City guide sales were lifted by an increase in the monthly price for new business Web sites sold in the company's owned and operated markets, according to the company. The average price rose to $219 in December 1998 from $100 last December. User traffic to Ticketmaster Online and CitySearch's Web sites was also up during the quarter. The company said the number of users grew 39 percent between August 1998 and October 1998. In a press release, Tickemaster's CEO Charles Conn said that through integration and promotion of the company's ticketing services and local city guides, it expects similar results for online ticket and city guide sales growth in the future. Shares rose 3 5/8 to 71 1/8. Ticketmaster Online enables consumers to view up-to-date information on live entertainment events and purchase tickets on the Internet. Cecily Fraser is a reporter for CBS MarketWatch.