Data Broadcasting And American Bar Association Form Legal Education/Information Joint Venture; Lawyers Communication Network to Serve ABA Members Via Direct Broadcast Satellite.

JACKSON, Wyo.--(BUSINESS WIRE)--September 16, 1996--Data Broadcasting Corporation (Nasdaq:DBCC) today announced that the company has signed a joint venture agreement with the American Bar Association (ABA). Under the agreement, the two organizations will develop and operate the Lawyers Communication Network (LCN), a nationwide video programming and data information service, which is targeted to be offered to the ABA's more than 380,000 members beginning in the spring of 1997.

LCN will use the EchoStar Direct Broadcast Satellite Network (DBS), utilizing 18inch dishes and complementary technologies to transmit continuing legal education courses and related legal news and information to law firms, law libraries, law schools and corporate settings, making it possible in many states to satisfy conveniently a lawyer's continuing education requirements. The network also will feature Data Broadcasting's core financial services and other database information from DBC, including SEC EDGAR retrieval and Federal News Service's comprehensive government data.

The multi-year agreement, terms of which were not disclosed, is subject to certain conditions including approval of the parties' respective Board of Directors and Board of Governors.

"The convergence of data, video, audio and high-speed Internet delivery down a single robust pipeline offered by the DBS system greatly enhances Data Broadcasting's ability to expand delivery of its rich information content to new markets, and we believe LCN represents the first major broadcast service exclusively devoted to delivering education and other pertinent information to a professional association," said Alan Hirschfield and Allan Tessler, Data Broadcasting's co-chief executive officers. "This program can become the model for other professional organizations -- such as the medical, financial and accounting fields -- that require timely, accessible, quality training and information services for members."

Robert Stein, executive director of the ABA, said: "This new venture will enhance greatly the ABA's ability to service our members, particularly lawyers who work in small law firms or alone, as well as the profession at large. Our goal is to develop programming and educational services that deliver high quality and timely information to our members, using the most advanced technology available so that we may continue to serve them well into the 21st century. The Lawyers Communication Network will provide a major step forward in the way we train and communicate with the legal community. Data Broadcasting's leadership in delivery of information services makes them an excellent partner in achieving the ABA's goal."

"Direct-to-the-office DBS technology greatly enhances the access and convenience for legal professionals needing to comply with ongoing education and training requirements," said Dwight Egan, president of Data Broadcasting's Business Services Division. "Taking part in a "for-credit" course will now be as easy as ordering a pay-per-view movie."

Data Broadcasting noted that LCN will increase visibility for its newly launched BusinessVision service that also uses DBS to provide four hours of daily training and motivational programming directly to businesses. The BusinessVision programming lineup includes offerings from the Harvard Business School, Inc. Magazine, Stanford Video Media Group and training luminaries such as Tom Peters and Ken Blanchard.

The American Bar Association is the world's largest professional association of lawyers. A leader in providing information about the law, the ABA serves its members and the profession through a wide range of publishing activities, continuing legal education, public education, and programs devoted to supporting and assuring access to the American system of justice for all.

Data Broadcasting is America's leading provider of real-time market data to the individual investor. Through its DBC West and BMI services, the company delivers real-time stock quotes, financial and sports news and betting odds to more than 37,000 subscribers via wireless FM, cable and satellite transmission, as well as through online services and the Internet (www.dbc.com).

DBC's Capital Management Sciences subsidiary is the leading provider of fixed income portfolio analytics used for valuation and risk management purposes. DBC's Business Services division provides private satellite communications networks and services for commercial, professional and media businesses. CheckRite International provides electronic check verification data as well as credit and bank card services to retail merchant customers.

CONTACT: Data Broadcasting Corporation

Mark F. Imperiale, 307.733.9742 or 201.736.4710

OR

Pondel Parsons & Wilkinson

Cecilia A. Wilkinson, 310.207.9300

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