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Business Segment Financial Information – non-GAAP

Business
Segment Financial Information – non-GAAP
(Unaudited)
($
in Thousands)
Twelve Months
Ended
Three Months
Ended
December 31,
December 31,
Business Segment:
2002
2001
2002
2001
Broadway Ticketing:
Net Revenues
$ 45,818
$ 36,038
$ 13,392
$ 9,281
     % Growth

27%

44%
Adjusted EBITDA*
$ 1,654
 $ 1,111
 $ 414
 $ 205
     % Growth

49%

102%
 
Data Business:
Net Revenues
$ 6,185
$ 5,844
$ 1,690
$ 1,311
     % Growth

6%

29%
Adjusted EBITDA*
$ 1,165
$ 245
$ 419
$ (99)
     % Growth

376%

523%
 
Hollywood.com Ad
Sales and Other:
Net Revenues – Cash
$ 2,816
$ 3,267
$ 659
$ 970
Net Revenues – Barter
$ 1,012
$ 3,167
$ –  
$ 826
$
3,828
$
6,434
$
659
$ 1,796
     % Growth

-41%

-63%
Adjusted EBITDA*
$ 664
$ (663)
$ (155)
$ (134)
     % Growth

200%

-16%
 
Intellectual Properties
(Tekno Books):
Net Revenues
$ 2,396
$ 1,823
$ 245
$ 393
     % Growth

31%

-38%
Adjusted EBITDA*
$ 1,107
$ 443
$ 33
$ 28
     % Growth

150%

18%
 
Total of All Segments:
Net Revenues
$
58,227
$
50,139
$
15,986
$ 12,781
     % Growth

16%

25%
Adjusted EBITDA*
$
4,590
$
1,136
$
711
$
–  
     % Growth
304%
 
Notes:

* Adjusted EBITDA is a non-GAAP financial measure and, as used herein,
means earnings before interest, taxes, depreciation, amortization
(including
amortization of CBS advertising), other non-cash items, non-recurring
items and corporate headquarters overhead
allocation.

The Data Business includes the Company’s Source Business
and Baseline/FilmTracker.

The above segment results do not include results
from the Company’s 50% interest in Netco Partners, its minority interest
in MovieTickets.com,cable TV networks, an intercompany management
fee charged to Baseline/FilmTracker, other intercompany activities,
and prior year E-Commerce results.

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Income from the Company’s 50% interest
in Netco Partners was $550,238 for the year ended December 31, 2002
compared to $2,162,630 for theyear
ended December 31, 2001.  Revenue recognition is based upon delivery
of manuscripts rather than receipt of cash or occurrence of publication.The timing of delivery
of manuscripts in 2001 versus 2002 resulted in the revenue decline,
and does not reflect the performance of the
business overallwhich has been steady.  The Company expects Netco
Partners to deliver to the publisher two manuscripts in 2003 (one in 2nd quarter 2003 and another in 4th quarter
2003) whereupon the performance in 2003 of Netco Partners is expected
to be significantly more favorable than in
2002.

Corporate expenses have not been included in the Adjusted
EBITDA results above.

Minority interest in earnings of subsidiaries is not included in above
segment results.

The above Adjusted EBITDA results for the
Data Business segment includes a consulting expense of $199,742 in 2002
and $228,548 in 2001 pursuant to aconsulting agreement entered
into in connection with the purchase of CinemaSource, which consulting
agreement and the corresponding expense terminates
in March of 2004.

HOLLYWOOD
MEDIA REPORTS FOURTH QUARTER AND FULL YEAR 2002 FINANCIAL RESULTS
CONSOLIDATED BALANCE SHEETS
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
CONSOLIDATED STATEMENTS OF CASH FLOWS
Business
Segment Financial Information – non-GAAP
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