Data Broadcasting Reappoints Carl Spielvogel to Board of Directors

BEDFORD, Mass.--April 24, 2001--DATA BROADCASTING CORPORATION (Nasdaq NM: DBCC) (DBC) today announced the reappointment of Carl Spielvogel to its board of directors.

Mr. Spielvogel had resigned from the DBC board in April 2000 upon his appointment as the United States Ambassador to the Slovak Republic. He is chairman and chief executive officer of Carl Spielvogel Associates, Inc. Mr. Spielvogel was chairman and chief executive officer of the United Auto Group, Inc., a publicly traded operator of multiple-franchise auto dealerships, until 1997, after which he served as a consultant to the company until 2000. From 1987 to 1994, Mr. Spielvogel was associated with Backer Spielvogel Bates Worldwide, Inc., an advertising and marketing communications company. He was also vice chairman and a member of the board of directors of Interpublic Group of Companies, Inc. for approximately 20 years. Mr. Spielvogel serves on The Financial Times' outside advisory committee on business matters.

Stuart Clark, president and chief executive officer, commented, "All of our directors join me in welcoming Carl back to the board. His extensive experience and historical knowledge of DBC will be an excellent resource for the company, as it has been in the past."

About Data Broadcasting Corporation

Data Broadcasting Corporation is a leading global provider of financial and business information to institutional and individual investors. The company supplies time sensitive pricing, dividend, corporate action and descriptive information for more than 3.5 million securities traded around the world, including hard-to-value unlisted fixed income instruments. At the core of the business are its extensive database expertise and technology resources.

DBC delivers real-time, end-of-day and historically archived data to customers through a variety of products featuring Internet, dedicated line, satellite and dial-up delivery protocols. Through a broad range of partnerships and alliances, the company provides links to most of the world's best-known financial service and software companies for trading, analysis, portfolio management and valuation.

DBC, with approximately 1,600 employees, is headquartered in Bedford, Massachusetts and has more than 20 offices in North America, Europe, Asia and Australia, including the world's key financial centers of New York, London and Tokyo. Pearson plc (NYSE: PSO), an international media company, whose businesses include the Financial Times Group, Pearson Television, and the Penguin Group, is a majority shareholder in DBC.