Gemstar TV Guide International (GMST) 8-K Gemstar-tv Guide Announces Full Year and Fourth Quarter 2007 Results

Exhibit 99.1

GEMSTAR-TV GUIDE ANNOUNCES FULL YEAR AND FOURTH QUARTER 2007 RESULTS

Los Angeles, California (February 14, 2008) – Gemstar-TV Guide International, Inc. (NASDAQ: GMST) announced that for the year ended December 31, 2007, the Company reported consolidated revenues of $627.7 million, an increase of 10%, versus $571.3 million in 2006. Growth was largely driven by a 28% increase in the Company’s Guidance Technology and Solutions segment.

Operating income for 2007 of $65.9 million benefited from the reversal of $10.7 million in accrued patent rights liabilities relating to a former CEO and included costs of $7.4 million related to the Company’s exploration of strategic alternatives. Operating income for 2006 of $66.9 million benefited from the reversal of $40.1 million of accrued expenses relating to former officers of the Company and included $3.3 million in accrued patent rights expense relating to a former CEO. In addition to increased Guidance Technology and Solutions revenues, the year also saw reduced operating costs in the Company’s Publishing segment, partially offset by higher corporate marketing expense.

Net income for 2007 increased to $176.9 million, or $0.41 per share, compared with net income of $72.5 million, or $0.17 per share in 2006. Net income for 2007 was positively impacted by $107.4 million in income tax benefits, as a result of reversing our deferred tax asset valuation allowance, a benefit of approximately $0.25 per share.

Rich Battista, Gemstar-TV Guide CEO, commented, “I am pleased with the strong financial performance of the Company in 2007. Year over year we saw a 10% increase in consolidated revenue and, on an operating basis, the Company had a significant improvement it its financial performance. Our Guidance Technology and Solutions segment contributed considerably to this solid performance as we greatly expanded our patent licensing program both internationally and to emerging platforms, while also growing our IPG products and services businesses on a global basis. We also achieved a better-than-forecasted performance atTV Guide magazine.”

Mr. Battista continued, “In 2007, the Company focused on the development and deployment of My TV Guide, our suite of cross-platform, next generation guidance tools and services. Our media businesses enjoyed solid distribution and each strengthened their content offerings with innovative enhancements, including the Online Video Guide at TVGuide.com.”

GEMSTAR-TV GUIDE ANNOUNCES FULL YEAR AND FOURTH QUARTER 2007 RESULTS

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2007 BUSINESS HIGHLIGHTS

• Expanded Interactive Program Guide (IPG) presence worldwide

^¡ Cable and satellite subscribers worldwide receiving a licensed or Company provided IPG grew to 75.6 million, a 29% increase versus year-end 2006. 59.7 million were licensed and 15.9 million received a Company provided IPG, representing increases of 15% and 137%, respectively versus year-end 2006. Geographically, 60.8 million were domestic and 14.8 million were international households.

^¡ In March 2007, the Company acquired Aptiv Digital, an IPG engineering and products company providing software solutions for television set-top boxes, including the Passport IPG, to multi-channel programming distributors domestically and internationally.

• New IPG patent licensing agreements for international markets and emerging platforms in 2007 included:

^¡ Sky Italia, the leading multi-channel video service provider in Italy with 4.2 million subscribers

^¡ MediaFLO USA, Inc., a wholly owned subsidiary of Qualcomm Incorporated and an industry leading mobile entertainment service provider

^¡ Verizon, the distributor of FiOS multi-channel programming services

^¡ MobiTV,the leader in US mobile and broadband entertainment services

^¡ Loewe Opta GmbH, Metz-Werke GmbH & Co. KG and KATHREIN-Werke KG, leading German device manufacturers of European televisions, recorders and set-top boxes

• Signed IPG product agreements with cable system operators and CE manufacturers in 2007 including:

^¡ Cox Communications, for Passport IPG for their U.S. digital cable footprint.

^¡ Sony USA, for integration of the Company’s IPG directly into their digital television’s custom user interface.

^¡ Mitsubishi, for the Company’s “TV Guide Daily” IPG to be embedded into their range of new digital televisions.

^¡ Polaroid Labs, for the Company’s “Data Loader” to be embedded into their new “Freescape” digital media hub.

^¡ CZCATV, a Mainland China cable system operator in Jiangsu province.

• Increased worldwide patent portfolio

^¡ The Company was awarded 109 patents worldwide within the video guidance arena in 2007. The Company’s intellectual property portfolio for video guidance at year-end totaled over 1,300 patents with over 300 issued patents and 450 pending applications in the U.S.; over 550 issued patents and 100 pending applications in Europe; and over 300 issued patents and over 300 pending applications in Asia/South Pacific.

• Introduced “My TV Guide”, a suite of next generation cross-platform guidance services

^¡ Verizon's FiOS TV service, EchoStar Communications, DirecTV, and TiVo, among others, agreed to interface withwww.tvguide.com, thus enabling consumers to remotely schedule recordings on their set-top boxes. Remote recording will be available in 2008 for TV Guide's i-Guide IPG affiliates as part of the next planned release.

^¡ Mediacom Communications and Insight Communications, among many other cable system operators, signed agreements to integrate Listings2Go, one of the Company’s My TV Guide suite of services, into their own online television guides.

GEMSTAR-TV GUIDE ANNOUNCES FULL YEAR AND FOURTH QUARTER 2007 RESULTS

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• Grew Online, VOD and Mobile distribution

^¡ Online Networks flagship Web sitewww.tvguide.com launched the Online Video Guide in 2007, which helped increase Online Networks’ average monthly unique users to 5.0 million and annual page views to 948 million, increases of 54% and 38% respectively versus year-end 2006. For 2007, TVGuide.com ranked first in growth year-over-year of both uniques and average sessions per person among its competitive peer group.

^¡ TV Guide SPOT increased distribution to 31 million digital cable homes, an increase of 18% versus year-end 2006.

^¡ G-GUIDE, the Company’s mobile IPG in Japan, doubled registered users, from year-end 2006, to over 21 million.

• Solidified distribution for cable networks and publication business

^¡ TV Guide Network household distribution grew to 83 million Nielsen households, a 4% increase versus year-end 2006. TV Guide Network is now shown full-screen without a scrolling program guide for 30 million DBS subscribers.

^¡ TVG Network, the Company’s horseracing network, increased domestic household distribution by over 50% to 29 million, from year-end 2006. Direct wagering handle increased by 10% to $478 million versus 2006. In the fourth quarter of 2007, TVG increased its active wagering states to 14 with the addition of New York and Florida.

^¡ TV Guidemagazine’s MRI estimated weekly readership of over 20 million remains second among all US entertainment/celebrity weekly publications. Negative adjusted EBITDA reduced by 54% in 2007, coming in lower than previous projections and ahead of plan.

FOURTH QUARTER 2007 FINANCIAL PERFORMANCE

For the quarter ended December 31, 2007, the Company reported consolidated revenues of $155.8 million, an increase of 7%, versus $145.0 million in 2006. Growth was primarily driven by a 29% increase in revenues in the Guidance Technology and Solutions segment versus the prior year’s quarter.

The Company reported a net loss for the fourth quarter of 2007 of $(1.5) million, or $0.00 per share, compared with net income of $31.8 million, or $0.07 per share for the prior year’s quarter. The fourth quarter of 2007 included $12.4 million from cross platform marketing expenses primarily for the national brand awareness campaign, depreciation and amortization charges of $10.7 million, and $4.2 million in costs related to the exploration of strategic alternatives. In 2006, the fourth quarter included $1.3 million in cross platform marketing expenses, depreciation and amortization charges of $8.2 million and the benefit of reversing $29.5 million in accrued liabilities related to a former officer.

FULL YEAR AND FOURTH QUARTER 2007 SEGMENT FINANCIAL PERFORMANCE

The schedule below reflects Gemstar-TV Guide’s performance for the years ended December 31, 2007 and 2006 and the fourth quarters of 2007 and 2006 by segment. The following segment information is presented and reconciled to consolidated income (loss) from continuing operations before income taxes. Certain prior period amounts, including the results of discontinued operations, have been reclassified to conform to the current presentation. More detailed information is contained in the Company’s Form 10-K for the year ended December 31, 2007, which was filed with the Securities Exchange Commission today.

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GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONSOLIDATED CONTINUING SEGMENT PERFORMANCE ⁽¹⁾

(In thousands)

	Year ended December 31,						Three months ended December 31,
	2007			2006			2007			2006
Guidance Technology and Solutions:
Revenues	$	286,129		$	222,851		$	71,242		$	55,165
Operating expenses(2)		100,033			87,062			29,419			25,931
Adjusted EBITDA(3)		186,096			135,789			41,823			29,234
Media Networks:
Revenues		199,286			196,992			51,632			51,723
Operating expenses, exclusive of lease settlement (2)		162,626			154,299			38,194			38,675
Adjusted EBITDA(3)		36,660			42,693			13,438			13,048
Publishing:
Revenues		142,328			151,411			32,975			38,098
Operating expenses(2)		162,590			193,251			43,919			49,125
Adjusted EBITDA(3)		(20,262	)		(41,840	)		(10,944	)		(11,027	)
Cross Platform Costs:
Operating expenses, net(2)		92,475			34,567			38,259			(8,589	)
Adjusted EBITDA(3)		(92,475	)		(34,567	)		(38,259	)		8,589
Consolidated:
Revenues		627,743			571,254			155,849			144,986
Operating expenses (2)		517,724			469,179			149,791			105,142
Adjusted EBITDA(3)		110,019			102,075			6,058			39,844
Stock compensation		(4,024	)		(2,027	)		(1,304	)		(564	)
Depreciation and amortization		(40,133	)		(33,181	)		(10,735	)		(8,194	)
Operating income (loss)		65,862			66,867			(5,981	)		31,086
Interest income, net		23,930			26,602			4,750			8,036
Other (expense) income, net		(1,009	)		757			(1,478	)		420
Income (loss) from continuing operations before income taxes	$	88,783		$	94,226		$	(2,709	)	$	39,542

(1) Segment information is presented and reconciled to consolidated income (loss) from continuing operations before income taxes in accordance with SFAS No. 131. Intersegment revenues and expenses have been eliminated from segment financial information as transactions between reportable segments are excluded from the measure of segment profit and loss reviewed by the chief operating decision maker.

(2) Operating expenses means operating expenses, excluding stock compensation, depreciation and amortization, and impairment of intangible assets.

(3) Adjusted EBITDA is defined as operating income (loss), excluding stock compensation, depreciation and amortization, and impairment of intangible assets. The Company believes Adjusted EBITDA to be relevant and useful information as Adjusted EBITDA is the primary measure used by our chief operating decision maker to evaluate the performance of and make decisions about resource allocation to the industry segments.

GEMSTAR-TV GUIDE ANNOUNCES FULL YEAR AND FOURTH QUARTER 2007 RESULTS

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Guidance Technology and Solutions

• Revenues for the full year ended December 31, 2007 were $286.1 million, or 45% of the Company’s total revenue. Revenues for 2007 increased 28% from revenues of $222.9 million in 2006. This was primarily due to a 41% increase in IPG patent revenues and a 32% increase in IPG Products and Services revenues. Partially offsetting this was an 18% decrease in VCR Plus+ revenues, due to a reduction in units shipped incorporating VCR Plus+ technology.

• For the full 2007 year, adjusted EBITDA increased to $186.1 million, a 37% increase versus 2006. This was largely due to increased revenues, partially offset by higher operating expenses primarily from the acquisition of Aptiv Digital.

• Revenues for the fourth quarter ended December 31, 2007 were $71.2 million, an increase of 29% versus the prior year’s quarter. The increase was primarily due to a 29% increase in IPG Patent License revenues and a 44% increase in IPG Products and Services revenues, offset by a 19% decrease in VCR Plus+ revenues versus the prior year’s quarter.

• Adjusted EBITDA in the fourth quarter increased to $41.8 million, a 43% increase versus the prior year’s quarter, due to the increase in revenues.

Media Networks

• Revenues for the full year ended December 31, 2007 were $199.3 million, or 32% of the Company’s total revenue. Revenues for 2007 increased 1% from revenues of $197.0 million in 2006. This was primarily due to a 29% increase in revenues at Online Networks, primarily attributable to increased traffic to the Web sites, increased CPMs, and new advertisers for the Online Video Guide.

• For the full 2007 year, adjusted EBITDA decreased to $36.7 million, a 14% decrease versus 2006, principally due to the planned increase in programming and marketing for TV Guide Network.

• Revenues for the fourth quarter ended December 31, 2007 were $51.6 million, relatively flat with the prior year’s quarter. Increased revenues of 33% at Online Networks and 1% at TV Guide Network were offset by an 8% decrease at TVG Network.

• Adjusted EBITDA in the fourth quarter increased to $13.4 million, a 3% increase versus the prior year’s quarter.

Publishing

• Revenues for the full year ended December 31, 2007 were $142.3 million, or 23% of the Company’s total revenue. Revenues for 2007 decreased 6% from revenues of $151.4 million in 2006. This was primarily due to an anticipated decrease in subscriber revenues, partially offset by higher advertising revenues, which increased 15% primarily due to a 23% increase in advertising paging versus 2006.

• For the full 2007 year, adjusted EBITDA was reduced to negative $(20.3) million, an improvement of 52%, or $21.6 million, versus 2006. This substantial improvement was primarily due to a $21.2 million decrease inTV Guide magazine production costs mainly as a result of a decrease in average printed copies per issue, lower paper costs, and reduced general and administrative expenses from greater operating efficiencies. With this improved performance, the Company anticipates continuing, but declining losses for the next two to three years.

• Revenues for the fourth quarter ended December 31, 2007 were $33.0 million, a decrease of 13% versus the prior year’s quarter. The decrease was primarily due to an anticipated reduction in circulation related revenues, partially offset by increased advertising revenues atTV Guidemagazine.

• Adjusted EBITDA in the fourth quarter was negative $(10.9) million, an improvement over the prior year’s quarter. The planned revenue decrease was more than offset by greater operating efficiencies including the outsourcing of fulfillment services, reductions in general and administrative costs, and reduced print and paper costs.

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Cross Platform Costs

• For the full 2007 year, adjusted EBITDA was negative $(92.5) million compared with an adjusted EBITDA of negative $(34.6) million in 2006. Cross-platform product development and technology costs increased $6.4 million due to a ramp up in capabilities during 2007. Cross-platform marketing costs increased $19.9 million due to the national cross-platform TV and online consumer marketing campaign which ran during the Fall TV season. Corporate general and administrative costs increased by $31.7 million as 2006 included the benefit of $40.1 million in accrued expense reversals relating to two former officers of the Company. 2007 included the benefit of $10.7 million in accrued patent rights liabilities relating to a former CEO and $7.4 million in expenses related to the exploration of strategic alternatives.

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• Adjusted EBITDA in the fourth quarter was negative $(38.3) million compared with adjusted EBITDA of positive $8.6 million in the prior year’s quarter. The fourth quarter of 2007 included an increase of $11.1 million in planned cross-platform marketing costs for the national brand awareness campaign and $4.2 million in costs related to the strategic alternatives process. The fourth quarter of 2006 included the benefit from reversing $29.5 million in accrued liabilities related to a former CEO of the Company, following a favorable arbitration ruling.

CASH & LIQUIDITY

• The Company reported full year positive operating cash flow of $136 million, an increase of $60 million over 2006 due to an increase in income and a $16.6 million increase in net income tax refunds in the current year versus the prior year. Adjusted EBITDA and changes in working capital also improved as compared to 2006.

• At December 31, 2007, the Company’s cash, cash equivalents and marketable securities were $605.4 million, excluding restricted cash of $32.1 million, an increase of $91.8 million versus the year ended December 31, 2006. Capital expenditures for 2007 totaled $33.8 million. Outstanding short- and long-term debt, made up entirely of capital lease obligations, was $12.1 million, compared with $12.7 million at year end 2006.

SUBSEQUENT EVENT

On February 1, 2008, the Company and its former directors and officers liability insurance carriers reached a confidential resolution of all of the disputes between them. As part of this resolution, the Company will receive payments totaling $32.5 million. These proceeds, which are taxable, will be recorded in the Company’s consolidated financial statements, as a reduction to selling, general and administrative expenses within Cross Platform Costs in the first quarter of 2008.

PENDING ACQUISITION BY MACROVISION

In July, 2007 the Company announced that it would explore strategic alternatives intended to maximize shareholder value. On December 6, 2007, the Company signed a definitive agreement to be acquired by Macrovision Corporation, a NASDAQ listed company, in a cash and stock transaction. Macrovision Corporation is a global leader in protection, enablement and distribution solutions that empower consumers to discover, acquire, manage and enjoy digital content.

On January 11, 2008, the Federal Trade Commission and the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, which ends the U.S. government’s antitrust review of the transaction. A Registration Statement on Form S-4 (SEC File No. 333-148825) was filed on January 23, 2008 with the Securities and Exchange Commission by Macrovision Solutions Corporation, a new holding company formed to effectuate the transaction. The registration statement contains a preliminary joint proxy statement/prospectus describing the transaction. The transaction requires,

GEMSTAR-TV GUIDE ANNOUNCES FULL YEAR AND FOURTH QUARTER 2007 RESULTS

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among other customary closing conditions, approval by two-thirds of the outstanding shares of the Company’s common stock, and a majority of the shares of Macrovision Corporation common stock voting at a special meeting of Macrovision stockholders. News Corporation, which owns approximately 41% of the Company’s common stock, has agreed to vote in favor of the proposed transaction, subject to the terms of a voting agreement.

Shareholders, investors and other interested parties may obtain a copy of the definitive joint proxy statement/prospectus and any other relevant documents (when it becomes available) that Gemstar-TV Guide files with the SEC at the SEC’s web site atwww.sec.gov. The definitive joint proxy statement/prospectus (when it becomes available) and any other relevant documents will also be accessible atwww.gemstartvguide.com or obtained free from the Company by directing a request to Gemstar-TV Guide International, Inc., 6922 Hollywood Blvd. 12^th Floor, Los Angeles, CA 90028 Attn: Investor Relations.

ABOUT GEMSTAR-TV GUIDE

Gemstar-TV Guide International, Inc. (the “Company”) (NASDAQ: GMST) is a leading global media, entertainment, and technology company that develops, licenses, markets and distributes products and services that maximize the video guidance and entertainment experience for consumers. The Company's businesses include: television, publishing, and new media properties; interactive program guide services and products; and intellectual property licensing. Additional information about the Company can be found atwww.gemstartvguide.com.

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that may cause actual performance or results to differ materially from those in the forward-looking statements, including risks and uncertainties related to the timely availability and market acceptance of products and services incorporating the Company's technologies and content; our investments in new and existing businesses; the impact of competitive products and services; the pending acquisition of the Company by Macrovision Corporation and events and circumstances related thereto; and the other risks detailed from time to time in the Company's SEC reports, including the most recent reports on Forms 10-K, 10-Q and 8-K, each as it may be amended from time to time. The Company assumes no obligation to update these forward-looking statements

Note to Editors: Gemstar and TV Guide are trademarks or registered trademarks of Gemstar-TV Guide International, Inc. and/or its subsidiaries. The names of other companies, products and services used herein are for identification purposes only and may be trademarks of their respective owners.

Financial Tables Follow

# # #

Contacts:
Gemstar-TV Guide International, Inc.
(Analysts and Shareholders)	(Media)
Robert L. Carl	Eileen Murphy
VP, Investor Relations	SVP, Corporate Communications
323-817-4600	212-852-7336

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GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data) 

	December 31,
	2007			2006
A S S E T S
Current assets:
Cash and cash equivalents	$	516,988		$	464,637
Marketable securities		88,430			48,938
Restricted cash		32,100			31,814
Receivables, net		81,628			73,786
Deferred tax assets, net		33,124			13,491
Current income taxes receivable		—			49,588
Other current assets		21,559			18,329
Total current assets		773,829			700,583
Property and equipment, net		80,451			68,182
Indefinite-lived intangible assets		62,138			61,921
Finite-lived intangible assets, net		81,240			92,340
Goodwill		262,591			260,503
Income taxes receivable, long-term		8,808			22,731
Deferred tax assets, long-term		72,016			3,141
Other assets		15,455			14,336
	$	1,356,528		$	1,223,737
L I A B I L I T I E S A N D S T O C K H O L D E R S’ E Q U I T Y
Current liabilities:
Accounts payable	$	31,269		$	32,392
Accrued liabilities		90,980			104,259
Income taxes payable		2,160			—
Current portion of capital lease obligations		655			605
Current portion of deferred revenue		122,922			128,516
Total current liabilities		247,986			265,772
Long-term capital lease obligations, less current portion		11,456			12,111
Deferred revenue, less current portion		329,871			368,950
Other liabilities		69,802			123,779
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $.01 per share; authorized 150,000 shares, none issued		—			—
Common stock, par value $.01 per share; authorized 2,350,000 shares 433,759 shares issued and 428,887 shares outstanding at December 31,2007; 433,759 shares issued and 427,889 shares outstanding at December 31, 2006		4,337			4,337
Additional paid-in capital 8,45		8,454,754			8,456,117
Accumulated deficit		(7,717,157	)		(7,950,421	)
Accumulated other comprehensive income, net of tax		3,262			665
Treasury stock, at cost; 4,872 shares at December 31, 2007 and 5,870 shares at December 31, 2006		(47,783	)		(57,573	)
Total stockholders’ equity		697,413			453,125
	$	1,356,528		$	1,223,737

For additional information please see Notes to Consolidated Financial Statements in Form-10K.

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GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	Year Ended December 31,					Three Months Ended December 31,
	2007			2006		2007			2006
						(Unaudited)
Revenues:	$	627,743		$	571,254	$	155,849		$	144,986
Expenses:
Cost of revenues		199,106			220,058		48,542			52,402
Selling, general and administrative		322,642			251,148		102,553			53,304
Deprecation and amortization		40,133			33,181		10,735			8,194
		561,881			504,387		161,830			113,900
Operating income (loss)		65,862			66,867		(5,981	)		31,086
Interest income, net		23,930			26,602		4,750			8,036
Other (expense) income, net		(1,009	)		757		(1,478	)		420
Income (loss) from continuing operations before income taxes		88,783			94,226		(2,709	)		39,542
Income tax (benefit) expense		(84,462	)		72,464		(1,224	)		7,731
Income (loss) from continuing operations		173,245			72,464		(1,485	)		31,811
Discontinued operations:
Income from discontinued operations		5,858			—		—			—
Income tax expense		2,217			—		—			—
Income from discontinued operations		3,641			—		—			—
Net income (loss)	$	176,886		$	72,464	$	(1,485	)	$	31,811
Basic and diluted per share:
Income from continuing operations	$	0.40		$	0.17	$	0.00		$	0.07
Income from discontinued operations	$	0.01		$	0.00	$	0.00		$	0.00
Net income	$	0.41		$	0.17	$	0.00		$	0.07
Weighted average shares outstanding:
Basic		428,313			426,219		428,786			426,305
Diluted		429,884			426,288		428,786			426,420

See accompanying Notes to Consolidated Financial Statements in Form 10-K.

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GEMSTAR-TV GUIDE INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Year ended December 31,
	2007			2006
Cash flows from operating activities:
Net income	$	176,886		$	72,464
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		40,133			33,181
Deferred income taxes		(88,508	)		14,816
Stock compensation expense		4,024			2,027
Other		4,745			3,995
Changes in operating assets and liabilities:
Receivables		(413	)		4,010
Restricted cash		(286	)		7,670
Income taxes receivable/payable, net		65,671			30,255
Other assets		(5,038	)		14,958
Accounts payable, accrued liabilities and other liabilities		(16,106	)		(39,236	)
Deferred revenue		(44,673	)		(67,733	)
Net cash provided by operating activities		136,435			76,407
Cash flows from investing activities:
Purchases of marketable securities		(449,208	)		(103,285	)
Sales of marketable securities		240,760			—
Maturities of marketable securities		170,348			63,585
Acquisition of Aptiv, net of acquired cash of $4,466		(11,814	)		—
Additions to property and equipment		(33,783	)		(33,803	)
Other		(5,156	)		(3,233	)
Net cash (used in) provided by investing activities		(88,853	)		(76,736	)
Cash flows from financing activities:
Repayments of capital lease obligations		(605	)		(557	)
Proceeds from exercise of stock options		3,794			226
Excess tax benefit from exercise of stock options		609			19
Net cash provided by (used in) financing activities		3,798			(312	)
Effect of exchange rate changes on cash and cash equivalents		971			147
Net increase (decrease) in cash and cash equivalents		52,351			(494	)
Cash and cash equivalents at beginning of period		464,637			465,131
Cash and cash equivalents at end of period	$	516,988		$	464,637
Supplemental disclosures of cash flow information:
Cash paid for income taxes	$	15,355		$	14,232
Cash received from income tax refunds		70,161			52,434
Cash paid for interest		995			1,043

For additional information please see Notes to Consolidated Financial Statements in Form-10K.

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SEGMENT REVENUE INFORMATION:

Guidance Technology and Solutions Segment (in thousands):

	Full Year ended December 31,				Change					Three months ended December 31,				Change
	2007		2006		Dollars			Percent		2007		2006		Dollars			Percent
IPG Patent Licensing	$	168,433	$	119,562	$	48,871		40.9	%	$	42,935	$	33,232	$	9,703		29.2	%
IPG Products and Services		75,449		57,229		18,220		31.8	%		20,353		14,167		6,186		43.7	%
VCR Plus+		29,574		36,237		(6,663	)	(18.4	)%		4,194		5,169		(975	)	(18.9	)%
Other		12,673		9,823		2,850		29.0	%		3,760		2,597		1,163		44.8	%
Total	$	286,129	$	222,851	$	63,278		28.4	%	$	71,242	$	55,165	$	16,077		29.1	%
Media Networks Segment (in thousands):
	Full year ended December 31,				Change					Three months ended December 31,				Change
	2007		2006		Dollars			Percent		2007		2006		Dollars			Percent
TV Guide Network	$	129,092	$	129,249	$	(157	)	(0.1	)%	$	32,581	$	32,233	$	348		1.1	%
TVG		56,615		57,175		(560	)	(1.0	)%		14,991		16,365		(1,374	)	(8.4	)%
Online Networks		13,212		10, 246		2,966		28.9	%		3,999		3,015		984		32.6	%
Other		367		332		45		14.0	%		61		110		(49	)	(44.5	)%
Total	$	199,286	$	196,992	$	2,294		1.2	%	$	51,632	$	51,723	$	(91	)	(0.2	)%
Publishing Segment (in thousands):
	Full year ended December 31,				Change					Three months ended December 31,				Change
	2007		2006		Dollars			Percent		2007		2006		Dollars			Percent
TV Guide Magazine(1)	$	142,328	$	149,929	$	(7,601	)	(5.1	)%	$	32,975	$	36,715	$	(3,740	)	(10.2	)%
Inside TV Magazine		—		1,482		(1,482	)	(100	)%		—		1,383		(1,383	)	(100	)%
	$	142,328	$	151,411		(9,083	)	(6.0	)%	$	32,975	$	38,098	$	(5,123	)	(13.4	)%

(1) TV Guide magazine revenues are reported net of rack costs, retail display allowances, distribution fees and initial placement order (“IPO”) fees. IPO fees are initial fees paid to retailers for front end display pocket space at check out counters.

GEMSTAR-TV GUIDE ANNOUNCES FULL YEAR AND FOURTH QUARTER 2007 RESULTS

Page 12 of 12

SEGMENT OPERATING STATISTICS:

Additional Media Networks Operating Statistics

	December 31, 2007	December 31, 2006
Subscriber Data (in thousands) (1)
TV Guide Network	83,290	79,717
TVG	29,100	19,400
Online Networks unique users (2) (3)	5,016	3,260
Tvguide.com unique users (2)	4,538	3,099

(1) Subscriber data represents:

• Nielsen households for domestic TV Guide Network.

• Domestic households for TVG, based primarily on information provided by distributors.

(2) Average monthly unique users as measured by Nielsen/NetRatings.

(3) Online Networks comprises the unduplicated unique users of tvguide.com and our other Web sites, subsequent to the date we acquired them.

Additional Publishing Operating Statistics:

(in thousands)	2007	2006	Q4, 2007	Q4, 2006
TV Guide Magazine circulation(1):
Newsstand(2)	225	286	201	255
Subscriptions	2,890	3,134	2,929	2,850
Sponsored/Verified	169	88	162	175
	3,284	3,508	3,292	3,280

(1) Average weekly circulation for the quarter and year ending December 31.

(2) Current period numbers include an estimate for returns. Prior period numbers are restated to reflect actual returns.