FOCUS: REGIONAL MAGAZINES: CMR International Report

<p>(All publications ranked by 1999 share of market) </p><p><BR><BR> </p><p>Revenue (USdollars ) YOY growth Market </p><p>Publications 1998 1999 (%) Share </p><p> (%) </p><p>TIME ASIA 49,411,531 49,438,784 0.1% 16.59 </p><p>ASIAN WALL STREET JOURNAL 39,102,658 45,991,443 17.6% 15.43 </p><p>NEWSWEEK ASIA 36,427,360 32,534,371 -10.7% 10.92 </p><p>ASIAWEEK 28,624,856 27,107,492 -5.3% 9.10 </p><p>INT'L HERALD TRIBUNE 20,562,718 24,165,204 17.5% 8.11 </p><p>BUSINESS WEEK 15,759,389 19,937,991 26.5% 6.69 </p><p>FAR EASTEARN ECONOMIC </p><p>REVIEW 19,997,879 15,470,797 -22.6% 5.19 </p><p>FORTUNE 12,776,379 15,254,058 19.4% 5.12 </p><p>ECONOMIST 12,795,121 14,031,292 9.7% 4.71 </p><p>READERS DIGEST ASIA 15,917,208 13,055,271 -18.0% 4.38 </p><p>YAZHOU ZHOUKAN 11,037,866 9,518,108 -13.8% 3.19 </p><p>FINANCIAL TIMES 4,784,507 7,141,726 49.3% 2.40 </p><p>USA TODAY 4,135,850 5,603,961 35.5% 1.88 </p><p>ASIAMONEY 4,616,125 5,156,816 11.7% 1.73 </p><p>FORBES GLOBAL 1,893,435 3,433,783 81.4% 1.15 </p><p>FORTUNE CHINA 1,441,297 2,776,975 92.7% 0.93 </p><p>NATIONAL GEOGRAPHIC 2,125,008 2,353,690 10.8% 0.79 </p><p>BUSINESS TRAVELLER 2,398,221 1,956,725 -18.4% 0.66 </p><p>ASIAN BUSINESS 2,724,272 1,704,600 -37.4% 0.57 </p><p>ASIA INC 459,948 870,893 89.3% 0.29 </p><p>CHIEF EXECUTIVE CHINA 1,981,040 300,026 -84.9% 0.10 </p><p>SCIENTIFIC AMERICAN 92,573 134,373 45.2% 0.05 </p><p>HARVARD BUSINESS REVIEW 88,910 67,410 -24.2% 0.02 </p><p>TOTAL 289,154,151 298,005,789 3.1% 100.00 </p><p><BR><BR> </p>

(All publications ranked by 1999 share of market)



Revenue (USdollars ) YOY growth Market

Publications 1998 1999 (%) Share

(%)

TIME ASIA 49,411,531 49,438,784 0.1% 16.59

ASIAN WALL STREET JOURNAL 39,102,658 45,991,443 17.6% 15.43

NEWSWEEK ASIA 36,427,360 32,534,371 -10.7% 10.92

ASIAWEEK 28,624,856 27,107,492 -5.3% 9.10

INT'L HERALD TRIBUNE 20,562,718 24,165,204 17.5% 8.11

BUSINESS WEEK 15,759,389 19,937,991 26.5% 6.69

FAR EASTEARN ECONOMIC

REVIEW 19,997,879 15,470,797 -22.6% 5.19

FORTUNE 12,776,379 15,254,058 19.4% 5.12

ECONOMIST 12,795,121 14,031,292 9.7% 4.71

READERS DIGEST ASIA 15,917,208 13,055,271 -18.0% 4.38

YAZHOU ZHOUKAN 11,037,866 9,518,108 -13.8% 3.19

FINANCIAL TIMES 4,784,507 7,141,726 49.3% 2.40

USA TODAY 4,135,850 5,603,961 35.5% 1.88

ASIAMONEY 4,616,125 5,156,816 11.7% 1.73

FORBES GLOBAL 1,893,435 3,433,783 81.4% 1.15

FORTUNE CHINA 1,441,297 2,776,975 92.7% 0.93

NATIONAL GEOGRAPHIC 2,125,008 2,353,690 10.8% 0.79

BUSINESS TRAVELLER 2,398,221 1,956,725 -18.4% 0.66

ASIAN BUSINESS 2,724,272 1,704,600 -37.4% 0.57

ASIA INC 459,948 870,893 89.3% 0.29

CHIEF EXECUTIVE CHINA 1,981,040 300,026 -84.9% 0.10

SCIENTIFIC AMERICAN 92,573 134,373 45.2% 0.05

HARVARD BUSINESS REVIEW 88,910 67,410 -24.2% 0.02

TOTAL 289,154,151 298,005,789 3.1% 100.00