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EARNINGS

December 16, 1987

Aaron Spelling Productions' income rose 20% to $7 million for the first quarter, primarily because of a non-recurring gain of $3.5 million from American Broadcasting Co. as part of the modification and extension of its agreement with ABC. Included in the year-ago period was a non-recurring charge of $750,000 for expenses related to Aaron Spelling's reorganization. Revenue for the Los Angeles company declined 2% to $29.5 million.

Tables, Page 9

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