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WORLD SATELLITE NETWORK REPORTS EARNINGS

 MINNEAPOLIS, Nov. 15 /PRNewswire/ -- World Satellite Network, Inc. (WSN) reported fiscal year end results:
 WORLD SATELLITE NETWORK, INC.
 AUDITED CONSOLIDATED FINANCIAL INFORMATION
 8/31/93 8/31/92
 Revenue $12,171,260 $6,247,320
 Percent increase over
 prior year 95 --
 Income from continuing
 operations before cumulative
 effect of change in accounting
 principle 257,552 186,658
 Percent increase over prior
 year 38 --
 Net income $257,552 $314,748
 Percent decrease from prior
 year (18) --
 Earnings per share:
 Income from continuing
 operations $.12 $.10
 Discontinued operations -- .01
 Cumulative effect of a change
 in accounting principles -- .06
 Net income $.12 $.17
 Percent decrease from prior year (29) --
 World Satellite Network, Inc., provides satellite television programming and subscriber marketing services to private cable television and wireless cable television systems nationwide.
 -0- 11/15/93
 /CONTACT: Jeff Maxwell of World Satellite Network, 612-339-9018/


CO: World Satellite Network, Inc. ST: Minnesota IN: TLS SU: ERN

DB-DS -- MN029 -- 4721 11/15/93 17:38 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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