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DATA BROADCASTING CORP. ANNOUNCES SECOND QUARTER EARNINGS

 NEW YORK, Feb. 16 /PRNewswire/ -- Data Broadcasting Corporation (NASDAQ: DBCC) today announced net income of approximately $776,000, or 5 cents per share, on net sales of approximately $14 million for the three months ended Dec. 31, 1992. For the six months ended Dec. 31, 1992, DBC reported net income of approximately $1.3 million, or 8 cents per share, on net sales of nearly $27.4 million. DBC is the successor to the market quotation and market data business of Financial News Network Inc. and, as such, reported financial results for prior year periods are not comparable.
 DBC management has separately developed a pro forma analysis of like operations for comparative purposes and reports that record sales levels were achieved during the second quarter. This analysis of like operations, presented in the company's quarterly report on Form 10-Q, shows that sales have increased 13 percent for comparative six month periods.
 DBC Co-Chief Executives, Alan J. Hirschfield and Allan R. Tessler, stated: "We are gratified with the financial performance of DBC. Our comparison of like operations, on a pro forma basis, shows that DBC has achieved a profit improvement of $1.7 million for comparative quarters and a profit turnaround in excess of $3.5 million for this half versus last year."
 "We are also pleased with the increased strength of our current balance sheet which shows approximately $8.5 million of free cash and equivalents and reflects the paydown of approximately $5 million in debt during the last quarter. We remain optimistic regarding the outlook for the company for the balance of the fiscal year," added Hirshfield and Tessler.
 DATA BROADCASTING CORPORATION
 Selected Financial Data(A)
 (Unaudited)
 (In thousands, except per share data)
 Three Months Ended Six Months Ended
 Dec. 31, 1992 Dec. 31, 1992
 Net Sales $ 13,948 $ 27,376
 Net Income (Loss)
 Before Taxes 1,588 2,775
 Provision for Income Taxes 812 1,433
 Net Income (Loss) 776 1,342
 Net Income (Loss) Per Share $ 0.05 $ 0.08
 Weighted Average Number
 of Shares Outstanding 16.2 million
 (A) As previously stated, DBC is the successor to the market quotation and market data business of Financial News Network Inc. and, as such, reported financial results for prior year periods are not comparable.
 Data Broadcasting Corporation is a leading provider of stock market quote services and other specialized market data vital to more than 20,000 clients worldwide. Data Broadcasting's main product lines include QuoTrek and Signal (used primarily by individual investors) and Shark (used by securities industry professionals).
 -0- 2/16/93
 /CONTACT: Amber Gordon of Data Broadcasting Corporation, 703-359-6236/
 (DBCC)


CO: Data Broadcasting Corporation ST: New York IN: FIN SU: ERN

IH -- DC003 -- 6890 02/16/93 11:50 EST
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Date:Feb 16, 1993
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