Not to mention the fact that the Reds played the woeful Pirates and Astros a combined 16 times in the month of September.At the very least Baker should give Dickerson a chance to win the job He is more experienced and has a better glove. Offensively the two are very similar.I’m not saying Stubbs isn’t the best option for 2011 and beyond?but right now Dickerson gives the Reds the best chance to win. Usually that’s the goal of a baseball team, I think.Dickerson isn’t going to demand a trade? but he will have to settle for using this as motivation for the new season.”I guess I’ll just have to go out and hit .450 this spring”.. BOCA RATON, FL, Apr 30 (MARKET WIRE) — Hollywood Media Corp. (NASDAQ: HOLL), a leading provider of onlineticketing services, today reported financial results for the firstquarter ended March 31, 2009.

Results for the 2008 first quarter reflectthe divestment of the Company’s Hollywood business in August 2008,which has been accounted for as discontinuedoperations.Highlights:–Positive EBITDA* performance for the Broadway Ticketing division andthe Company as a whole;–Net loss of $0.00 per share;–Expense savings of $1.7 million in the first quarter 2009 representinga 24% year-over-year decline in expenses;–Record movie theater attendance driving strong performance fromMovieTickets . Cash dividend of $1.9 million from MovieTickets recognized by Hollywood Media in the 2009 first quarter.For the 2009 first quarter, Hollywood Media reported net revenues of$21.3 million, primarily attributable to Broadway Ticketing revenues. Thiscompares to net revenues of $27.0 million in the first quarter of lastyear. Broadway Ticketing revenues were impacted as a result of fewer showson Broadway, the timing of Easter in this year’s second quarter versuslast year’s first quarter, and softer group sales. Advertising sales fromBroadway shows, which are not recorded as revenues but rather as areduction to cost of revenues-ticketing, more than tripled in the periodversus the prior year.Net loss for the 2009 first quarter was $0.1 million, or $0.00 per share.This compares to a 2008 first quarter net loss of $3.1 million, or $0.10per share, which included a loss from discontinued operations of $0.8million, or $0.03 per share.

EBITDA in the 2009 first quarter for theCompany as a whole was $0.3 million as compared to an EBITDA (Modified)*loss of $1.9 million in the first quarter of 2008.Cash and cash equivalents were $10.8 million as of March 31, 2009,compared to $12.7 million as of December 31, 2008. The first quarteramount reflects the transfer during the quarter of approximately $1.2million to our restricted cash balance to secure a bond for futureBroadway ticketing purchases.”While Broadway Ticketing revenues were impacted in this seasonally slowperiod by fewer Broadway shows and the absence of Easter in this year’sfirst quarter, we are optimistic that the business will improve as newshows open throughout 2009,” commented Mitchell Rubenstein, CEO ofHollywood Media. “We also look forward to benefiting from our ownershipinterest in MovieTickets in future quarters as movies continue to dowell at the box office.”Mr. Rubenstein continued, “Our efforts to manage costs and eliminateexpenses resulted in a 24% reduction in operating expenses for the period.These cost reductions were deep and wide-ranging, taking place atcorporate as well as at the operating businesses. They included headcount reductions at all levels and significant reductions in SG&Aexpenses.

We were able to move forward with these cost savings as aresult of our recent divestments combined with a more streamlined andrestructured operations structure which enabled us to downsize withoutinhibiting future organic growth.”*Note on EBITDAEBITDA and EBITDA (Modified) are non-GAAP financial measures. EBITDA isdefined as net income before interest, taxes, depreciation andamortization. EBITDA (Modified) is defined as loss from continuingoperations before interest, taxes, depreciation and amortization oncontinuing operations. Hollywood Media has presented EBITDA in thisrelease because it considers such information an important supplementalmeasure which management utilizes as one of its tools in evaluatingperformance and believes it is frequently used by securities analysts,investors and other interested parties in the evaluation and comparisonof companies in our industry as well as our results of operations fromperiod to period. EBITDA has limitations as an analytical tool, and youshould not consider it in isolation, or as a substitute for HollywoodMedia’s financial results as reported under GAAP. Some of theselimitations are: (a) EBITDA does not reflect changes in, or cashrequirements for, Hollywood Media’s working capital needs; (b) EBITDAdoes not reflect interest expense, or the cash requirements necessary toservice interest or principal payments, if any; and (c) althoughdepreciation and amortization are non-cash charges, the assets beingdepreciated and amortized may have to be replaced in the future, andEBITDA does not reflect any cash requirements for such capitalexpenditures.

Because of these limitations, EBITDA should not beconsidered as a principal indicator of Hollywood Media’s performance.Hollywood Media compensates for these limitations by relying primarily onHollywood Media’s GAAP results and using EBITDA only supplementally.Hollywood Media has provided a reconciliation of net income to EBITDA(Modified) in the attached tables.Note on Forward-Looking StatementsStatements in this press release may be “forward-looking statements”within the meaning of federal securities laws. The matters discussedherein that are forward-looking statements are based on currentmanagement expectations that involve risks and uncertainties that mayresult in such expectations not being realized. Actual outcomes andresults may differ materially from what is expressed or forecasted insuch forward-looking statements due to numerous potential risks anduncertainties, including, but not limited to, the need to manage ourgrowth and integrate new businesses, our ability to realize anticipatedrevenues, cost efficiencies and sources of capital, the impact ofpotential future dispositions or other strategic transactions byHollywood Media, our ability to develop and maintain strategicrelationships, our ability to compete with other media, data and internetcompanies, technology risks, the volatility of our stock price, and otherrisks and factors described in Hollywood Media Corp.’s filings with theSecurities and Exchange Commission including our Form 10-K for 2008. Suchforward-looking statements speak only as of the date on which they aremade, and Hollywood Media undertakes no obligation to publicly update orrevise any forward-looking statement except as required by law.Attached are the following financial tables:CONDENSED CONSOLIDATED BALANCE SHEETSCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSSEGMENT SUMMARY FINANCIAL DATA AND EBITDA RECONCILIATIONHOLLYWOOD MEDIA CORP.