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SBD/21/Sports Media
SPORTSLINE REVENUE UP 107%, BUT SHORT OF EXPECTATIONS
Published October 21, 1998
SportsLine USA reported quarterly revenue of $7.4M, up
107% from last year, according to L.A. Lorek of the Ft.
Lauderdale SUN-SENTINEL. But results "fell short of
analysts' expectations because of weak advertising
revenues." The company had a net loss of $7.7M, or $.41 a
share, compared with '97's net loss of $9.6M, or $.87 a
share. Share of SportsLine fell $.06, and closed at $11
yesterday on the NASDAQ. Daily visits to CBS SportsLine
averaged 520,000 in 3Q '98, up from 236,000 in the same
quarter last year (Ft. Lauderdale SUN-SENTINEL, 10/21).
GETTING EXCITE-D: SportsLine USA also announced that it
will become the exclusive provider of sports content for the
Excite Sports Channel, a area which will launch later this
year. SportsLine will co-brand and offer content to Excite
Sports Channel and Excite's WebCrawler service (SportsLine).






