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

To: MW who wrote (2296)	4/7/1999 1:15:00 PM
From: Sir Auric Goldfinger	Respond to of 3015

"the street?" in SRCM's case that would be a back alley off Main Street since this is such a retail manip stock.

To: MW who wrote (2296)	4/7/1999 7:44:00 PM
From: Sir Auric Goldfinger	Respond to of 3015

Mikie: Howkum you did not tell me?:"2,019,984.75 SHARES SOURCE MEDIA, INC. COMMON STOCK This Prospectus Supplement relates to the sale of up to 2,019,984.75 shares (the "Shares") of common stock, $0.001 par value per share (the "Common Stock"), of Source Media, Inc., a Delaware corporation (the "Company"), which may be offered from time to time by certain shareholders of the Company or by pledgees, donees, transferees or other successors in interest (the #Selling Shareholders#). The Shares being offered hereby are issuable upon the exercise of certain warrants (the #Warrants#). The Company will receive no part of the proceeds of sales of the Shares offered hereby, although it will receive proceeds from any exercises of the Warrants. See "Selling Shareholders" and "Plan of Distribution" in the Prospectus dated July 28, 1998 (the "Prospectus"). This Prospectus Supplement should be read in conjunction with the Prospectus, which is to be delivered with the Prospectus Supplement. All capitalized terms used but not defined in this Prospectus Supplement shall have the meanings given them in the Prospectus. The information in the table appearing under the heading "Selling Shareholders" in the Prospectus is superseded in part by the information appearing in the table below: <TABLE> <CAPTION> SHARES BENEFICIALLY OWNED PRIOR TO THE OFFERING ---------------------- SHARES BEING SELLING SHAREHOLDER NUMBER PERCENT OFFERED ------------------- -------- -------- ------------ <S> <C> <C> <C> Hackman, Baring & Co............................... 25,000 * 25,000 </TABLE> --------------- * Less than one percent. THIS OFFERING INVOLVES A HIGH DEGREE OF RISK. SEE "RISK FACTORS" ON PAGE 4 OF THE PROSPECTUS. --------------------- The Securities and Exchange Commission (the #Commission#) may take the view that, under certain circumstances, the Selling Shareholders and any broker-dealers or agents that participate with the Selling Shareholders in the distribution of the Shares may be deemed to be #underwriters# within the meaning of the Securities Act. Commissions, discounts or concessions received by any such broker-dealer or agent may be deemed to be underwriting commissions under the Securities Act. The Company and the Selling Shareholders have agreed to certain indemnification arrangements. See #Plan of Distribution# in the Prospectus --------------------- THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The Date of this Prospectus Supplement is April 5, 1999.