BRIDGE INFO. ASSETS SOLD TO MONEYLINE NETWORK.

A bankruptcy judge has approved the sale of Telerate (New York), Bridge Information Systems' (St. Louis, MO) market data unit, to MoneyLine Networks (New York) for $10 million. Also, MoneyLine has agreed to pay an additional $5 million to Bridge to cover Telerate's operating expenses up to the time the deal is completed.

Bridge acquired Telerate, then called Dow Jones Markets, from Dow Jones & Co. in March 1998 for $510 million, including $360 million in cash and $150 million in stock. The acquired company provides real-time financial information, decision-support products and transaction services for the financial community. Market coverage includes global bonds, stocks, currencies, futures and options, swaps, derivatives, energy and commodities. The deal also includes Bridge's information businesses in Europe and Asia, Telerate Channel and its Bridge Trading Room System (BTRS).

MoneyLine is a provider of Internet-based transactional services, content and applications. Content partners include Dow Jones Newswires, GovPX, IFR Thomson, S&P, Market News International and global exchanges.

Earlier this year, Bridge sold its equities and commodities/energy news contracts to Dow Jones Newswires for $6.5 million and Bridge Information Systems North America, EJV, Internet unit eBridge and related assets to Reuters Group for $275 million.