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Article: U S WEST MEDIA GROUP REPORTS RECORD SECOND QUARTER GROWTH; OPERATING CASH FLOW INCREASES 24 PERCENT

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PR Newswire
Article date:
July 26, 1996
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ENGLEWOOD, Colo., July 26 /PRNewswire/ -- Industry-leading performances by its cable, wireless and directory operations pushed U S WEST Media Group (NYSE: UMG) proportionate second quarter results to record levels.

For the quarter ending June 30, Media Group reported on a proportionate basis:

-- A 24 percent increase in operating cash flow compared with the second quarter last year. For the quarter, Media Group reported operating cash flow of $353 million. Operating cash flow -- which represents earnings before interest, taxes, depreciation and amortization (EBITDA) -- is an important measure of operating performance.

-- A 17 percent increase in ...

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