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U S WEST REPORTS REVENUE INCREASE

ENGLEWOOD, Colo.-U S West Media Group reported $1.4 billion in revenue for the quarter ended March 31. The figure is a 25 percent increase from the same period a year ago.

U S West Cellular increased its subscriber base by 54 percent on a same property basis and produced $240 million in revenue for the first quarter, a 44 percent increase from the previous year.

“We set very ambitious growth goals for 1996,” said Chuck Lillis, U S West Media Group president and chief executive officer. “The strong start by all our lines of business shows we are on our way to achieving them. I am particularly pleased that we’re exceeding our customer growth objectives while still focusing on making operational improvements. U S West Cellular, for example, produced industry-leading growth rates and improved its cash flow margin by almost three percentage points.”

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