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To: Frantz Jean-Baptiste who wrote (51665)	2/4/1999 9:30:00 AM
From: Frost Byte	Respond to of 119973

TMCS gapping on USAI earnings news: Strong Growth Continues At USAi Home Shopping Network, USA Network, The Sci-Fi Channel and Ticketmaster Hit Historical Highs in Q4 NEW YORK--(BUSINESS WIRE)--February 4, 1999-- USA Networks, Inc. (NASDAQ: USAI - news) announced today its financial results for the fourth quarter and year ended December 31, 1998. On a pro forma basis, USAi generated 15% higher EBITDA from its cash-generating divisions in the fourth quarter as compared to the same period in 1997. Some of the many highlights from the period include: -- Home Shopping Network achieved the most profitable quarter in its 22-year history. Core electronic retailing EBITDA reached $60.9 million in Q4, a 42% increase over 1997's fourth quarter. HSN's continuing growth stems from a broader selection of quality products, strong sales from special events, and a successful holiday gift strategy that helped drive record monthly sales. -- USA Network, for the seventh time during this decade, finished the year as the highest-rated cable network in primetime. Popular original programs lifted USA's average primetime rating to 2.3 in Q4, a 10% increase over the same period in 1997. -- The Sci-Fi Channel added 5.9 million homes during the year to eclipse the 50-million mark, and its burgeoning slate of original programming helped boost the Q4 average primetime rating by 50% to a 0.9. The continued momentum has begun to impact Sci-Fi's bottom line, driving 93% higher EBITDA in 1998 as compared to the prior year. -- Ticketmaster Online - CitySearch (NASDAQ: TMCS - news), of which USAi owns approximately 60%, achieved 143% higher revenue in Q4 driven by triple-digit growth from each of its business segments. In particular, online ticketing sales surged more than 160% due to Ticketmaster driving approximately 6% of its ticket sales online in Q4 (versus 2% in the same period in 1997).