Retailing revenue increased slightly, including a modest gain at HSN when excluding America’s Store which shut down on April 3

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(Continued) The RFS Newsletter, Aug. 4, 2007. Page 3
Retailing revenue increased slightly, including a modest gain at HSN when excluding America’s Store which shut down on April 3. Transactions revenue reflects strong growth at ServiceMagic and modest growth at Ticketmaster, partially offset by declines at LendingTree which continues to operate in a difficult home loan market.

Growth from syndicated search and Fun Web Products drove strong revenue growth in Media & Advertising, while increased transaction volume and membership at Interval and worldwide growth in subscribers at Match drove revenue in Membership & Subscriptions.

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