Data Broadcasting Reports 50-Percent Increase in Internet Subscribers, Second Quarter Revenue Growth.

JACKSON, Wyo.--(BUSINESS WIRE)--Jan. 19, 1999--Data Broadcasting Corp. (Nasdaq:DBCC) Tuesday reported that the company has achieved more than 8,000 subscribers for its Internet-delivered market data services, a 50% increase from subscriber levels at Sept. 30, 1998.

The company also announced that revenues for the second fiscal quarter ended Dec. 31, 1998, rose to $24.2 million, compared with $22.9 million in the corresponding prior-year period and $22.5 million from the first quarter of fiscal 1999, respectively.

"The 8,000 subscriber level represents an important milestone for DBC and provides strong evidence that our Internet strategy continues to be successful," said Alan Hirschfield and Allan Tessler, co-chief executive officers. "Internet subscriptions are now significantly outpacing the transitional decline in our broadcast base.

"As expected, revenues moved upward during the second quarter when compared with corresponding prior-period results and sequentially from our first fiscal quarter. We are especially pleased at the significant increase in the rate at which new subscriber accounts were attained during the quarter, noting a 29% increase as compared with our first fiscal quarter ended Sept. 30, 1998."

Additionally, DBC said that, in connection with its Internet strategy, MarketWatch.com (Nasdaq:MKTW), the company's joint venture with CBS Broadcasting Inc., completed its Initial Public Offering on Jan. 15, 1999. Following the offering, DBC's interest in MarketWatch.com is approximately 38%.

DBC also announced Tuesday that the company has been added to the Nasdaq Financial 100 Index.

Data Broadcasting Corp. is a leading provider of real-time market data to the individual trader and investor. The company delivers real-time stock quotes, and financial and news information to 3 million users via PCs, wireless FM, cable, satellite and the Internet (http://www.dbc.com and http://cbs.marketwatch.com).

With its Capital Management Sciences division, Data Broadcasting also is the leading provider of fixed income portfolio analytics used for valuation and risk management purposes.

Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include the response of competitors to the company's new services, acceptance of the Internet as a valid real-time distribution platform by institutional customers, activity levels in the securities markets and other risk factors listed in the company's 10-K and 10-Q reports to the Securities and Exchange Commission.