American Lawyer Media Releases First Quarter 1998 Results.NEW YORK--(BUSINESS WIRE)--May 28, 1998--American Lawyer Media, Inc. (ALM) today announced its financial results as reported and on a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma basis for the first quarter ended March 31, 1998. Data contained herein compare the Company's financial results for the quarter ended March 31, 1998 to financial data for the comparable prior year period derived from the combination of ALM's predecessor companies. For the three months ended March 31, 1998, ALM reported revenues of $26.4 million, compared to $24.7 million in the comparable prior year period, an increase of 6.6 percent. Earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
First quarter 1997 pro forma data are based on combined financial results of American Lawyer Media ALM (formerly American Lawyer Media), is a leading integrated media company, focused on the legal and real estate communities. ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including , L.P. and National Law Publishing Company, Inc., the two predecessor organizations that were combined by U.S. Equity Partners, L.P. in 1997 to form ALM. Pro forma data reflect adjustments (as if the combination had occurred on January 1, 1997) associated with the shutdown of ALM's Counsel Connect internet service and the cost-reduction synergies expected due to the combination of the two predecessor companies. For the three months ended March 31, 1998, on a pro forma basis, ALM reported total revenues of $26.4 million versus $23.7 million in the comparable prior year period, an increase of 11.4 percent. Pro forma EBITDA grew 13.5 percent to $5.5 million in the first quarter 1998 from $4.8 million in the first quarter 1997. ALM recently completed the acquisitions of Corporate Presentations, Inc. and Legal Communications, Ltd. (LCL 1. LCL - The Larch interface language for ANSI standard C. [J.V. Guttag et al, TR 74, DEC SRC, Palo Alto CA, 1991]. 2. LCL - Liga Control Language. Controls the attribute evaluator generator LIGA, part of the Eli compiler-compiler. ). Under its LegalTech tradename, Corporate Presentations is the leading producer of trade shows and conferences relating to law practice technology. LCL, anchored by its daily newspaper The Legal Intelligencer in·tel·li·genc·er n. 1. One who conveys news or information. 2. A secret agent, an informer, or a spy. , is a publisher of various periodicals, directories and on-line products targeted to the metropolitan Philadelphia and statewide Pennsylvania legal communities. The Company believes that it is the nation's largest legal journalism organization, with estimated readership of over one million. ALM publishes 18 periodicals, including several leading national periodicals and regional publications. In addition to The American Lawyer, ALM's feature publications include The National Law Journal, the nation's largest selling legal newspaper, and the New York Law Journal Founded in 1888, the New York Law Journal is the top-selling legal daily in the United States. The newspaper covers legal news, decisions, court calendars, and legislation, and provides analysis and insight in columns written by leading professionals. , which has the largest paid circulation of any regional legal newspaper in the United States. The Company also publishes six other daily newspapers serving Philadelphia, Georgia, Northern California, Miami, Fort Lauderdale and Palm Beach, as well as five weekly newspapers serving Pennsylvania, New Jersey, Texas, Washington D.C., and Connecticut. U.S. Equity Partners, L.P. is a private equity investment fund sponsored by Wasserstein Perella & Co., a leading international investment bank that provides its clients with advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , equity and debt underwriting, merchant banking and other asset management services worldwide. Wasserstein Perella provides extensive advisory services to the media industry. Wasserstein Perella has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Los Angeles, San Francisco, Dallas, London, Paris, Frankfurt and Tokyo. CONTACT: Clark & Weinstock Kara Kara (kär`ə), river, c.140 mi (230 km) long, NE European and NW Siberian Russia. It flows N from the N Urals into the Kara Sea, forming part of the traditional border between European and Asian Russia. It is navigable in its lower course. Fitzsimmons, 212-953-2550 |
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