Data Broadcasting Reports Results for First Fiscal Quarter.

JACKSON, Wyo.--(BUSINESS WIRE)--November 11, 1997--Data Broadcasting Corporation (NASDAQ:DBCC) today reported results for its first fiscal quarter ended September 30, 1997.

For the first three months of fiscal 1998, the company reported income from continuing operations and net income of $925,000, or $0.03 per share, on revenues of $23.2 million. In the corresponding prior-year period, income from continuing operations totaled $1.7 million, or $0.05 per share, on revenues of $22.5 million. In the prior year's first quarter, a loss of $77,000 was recorded from the discontinued operations, Instore Satellite Network (ISN) and CheckRite International (CRI), which have been put up for sale.

Income from continuing operations for the quarter was reduced by $2.8 million, or $0.05 per share, in net expenses for new product initiatives, including The AgCast Network, an agribusiness information service; BondVu, a Windows-based fixed-income data service from Capital Management Sciences (CMS); DBC Online's Internet-related information services; and the Lawyers Communications Network (LCN), a continuing education and data services joint venture with the American Bar Association. A year ago, costs associated with new product and infrastructure initiatives totaled $1.5 million, or $0.03 per share. The company expects these net expenses will be reduced significantly in calendar 1998, as BondVu and AgCast are projected to achieve break-even in early calendar 1998.

Revenues for the current first quarter at DBC West/BMI were $17.8 million and operating income was $3.8 million. This is relatively unchanged from levels in the year-earlier first quarter, which the company attributed to continued competition from new Internet offerings. CMS' revenues rose 6 percent over a year ago to $4.9 million, while operating income fell slightly from $1.4 million to $1.3 million. The narrowed profit margin reflects increased levels of compensation as well as higher occupancy costs stemming from a lease renewal and space expansion. Revenues from Data Broadcasting's new product initiatives totaled $404,000 in the current first quarter, compared with $187,000 a year ago.

"As Data Broadcasting moves further into its new fiscal year, we are beginning to realize the benefits of the investments made over the past two years," said Alan Hirschfield and Allan Tessler, co-chief executive officers. "We have successfully leveraged our data base assets and delivery technologies to introduce a full spectrum of products that have widened our market potential -- both upstream to the professional investment community, and downstream to a vast consumer public eager for timely, actionable investment information."

Hirschfield and Tessler added: "The launch last month of CBS MarketWatch (cbs.marketwatch.com), our new 50-50 venture with CBS News, provides the well-known branding of the CBS "Eye" to our online presence and clearly accelerates Data Broadcasting's ability to build on its considerable online resources to expand the premier Internet business information site in the world for the individual investor, business professional and the general public. The response of users of the site and advertisers to our new venture has been rapid and economically gratifying."

Data Broadcasting Corporation is America's leading provider of real-time market data to the individual trader and investor. The company delivers real-time stock quotes, financial and sports news and gaming information to the PCS, laptops and wireless receivers of more than 37,000 subscribers via wireless FM, cable and satellite transmission, as well as to 250,000 users per day through online services 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, customers' response to new marketing strategies, 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. -0-

           DATA BROADCASTING CORPORATION AND SUBSIDIARIES
                  CONSOLIDATED STATEMENT OF INCOME
               (In thousands, except per share data)


                                        Three Months Ended
                                           September 30,
                                        1997           1996

     REVENUES                          $23,151        $22,513

     COSTS AND EXPENSES
       Cost of services                  9,721          7,658
       Selling, general and
        administrative                   8,185          8,553
       Depreciation and amortization     3,738          3,274
       Total costs and expenses         21,644         19,485

     INCOME FROM OPERATIONS              1,507          3,028
       Losses from Hong Kong joint
        venture                              -           (222)
       Interest and other income
        (expense), net                     122             (2)
     INCOME FROM CONTINUING OPERATIONS
      BEFORE INCOME TAXES                1,629          2,804
     Provision for income taxes            704          1,138
     NET INCOME FROM CONTINUING
      OPERATIONS                           925          1,666
       Loss from discontinued
        operations including tax             -            (77)
     NET INCOME                        $   925        $ 1,589

     Primary earnings per share:
       Income from continuing
        operations                       $0.03          $0.05
       Loss from discontinued
        operations                           -          (0.00)
                                         $0.03          $0.05

     Fully diluted earnings per share:
       Income from continuing
        operations                       $0.03          $0.05
       Loss from discontinued
        operations                           -          (0.00)
                                         $0.03          $0.05

     Weighted Average Common Shares Outstanding
       Primary                           33,228        33,261
       Fully diluted                     33,613        33,463


                 DATA BROADCASTING CORPORATION AND SUBSIDIARIES
                        ADDITIONAL FINANCIAL INFORMATION
                             (dollars in thousands)


                                          Three Months Ended
                                             September 30,

                                                                %
                                        1997       1996       Change

     REVENUES:
     DBC West/BMI                     $17,847     $17,722        1%
     Capital Management Sciences        4,900       4,604        6%
     Other(a)                             404         187        --
       Total                          $23,151     $22,513        3%

     INCOME FROM OPERATIONS:
     DBC West/BMI                     $ 3,847     $ 3,927       -2%
     Capital Management Sciences        1,293       1,423       -9%
     Other initiatives(a)              (2,764)     (1,530)     -81%
     Corporate and unallocated           (869)       (792)     -10%
       Total                          $ 1,507     $ 3,028      -50%

     EBITDA:
     DBC West/BMI                     $ 6,243     $ 6,114        2%
     Capital Management Sciences        2,284       2,361       -3%
     Other initiatives(a)              (2,422)     (1,403)     -73%
     Corporate and unallocated           (860)       (770)     -12%
       Total                          $ 5,245     $ 6,302      -17%

     CAPITAL EXPENDITURES:
     Property and equipment            $1,948      $3,285      -41%
     Software development              $  452      $  467       -3%

(a) New product and infrastructure development initiatives,
including AgCast, BondVu, DBC Online and the Lawyers Communications
Network.


                                       September 30,        June 30,
                                           1997               1996
     BALANCE SHEET DATA:
     Cash                                $11,980             $10,524
     Total current assets                 51,656              49,182
     Total assets                        136,046             135,099
     Total current liabilities            26,669              26,552
     Long-term debt                        1,250               1,500
     Total stockholders' equity          106,972             105,853

CONTACT: Data Broadcasting Corporation

Mark F. Imperiale

President

415/571-1800

or

Pondel Parsons & Wilkinson

Cecilia A. Wilkinson/A. William Krenn

310/207-9300

e-mail: [e-mail]