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USA Networks Sales Rise

April 26, 2001|Reuters

USA Networks Inc., the entertainment company run by Hollywood mogul Barry Diller, reported higher first-quarter cash flow and revenue, boosted by shows such as "Eco-Challenge: Borneo" and its Home Shopping Network. Despite an advertising slump affecting many media firms, the company's cable channels, USA Network and Sci-Fi, posted strong gains and the Home Shopping Network showed growth. "USA's advertising-related businesses did great," said David Goldsmith, an analyst with Buckingham Research Group. Shares rose $1.42 to $23.97 on Nasdaq.

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