17 EXHIBIT 99B.1 COMBINED STATEMENTS OF OPERATIONS U S WEST MEDIA GROUP (UNAUDITED) 					 Quarter Ended 					 March 31, % In millions 1996 1995 Change - - ----------------------------------------------- ---------- ---------- SALES AND OTHER REVENUES Directory and information services $288 $272 5.9 Wireless communications 264 202 30.7 Cable and telecommunications 57 54 5.6 Other 4 8 (50.0) 				 ---------- ---------- Total sales and other revenues 613 536 14.4 				 ---------- ---------- OPERATING EXPENSES Costs of sales and other revenues 199 163 22.1 Selling, general and administrative expenses 218 197 10.7 Depreciation and amortization 67 61 9.8 				 ---------- ---------- Total operating expenses 484 421 15.0 				 ---------- ---------- Income from operations 129 115 12.2 Interest expense 24 27 (11.1) Equity losses in unconsolidated ventures 66 57 15.8 Guaranteed minority interest expense 12 - - Other income (expense) - net (7) 7 - 				 ---------- ---------- Income before income taxes 20 38 (47.4) Provision for income taxes 17 23 (26.1) 				 ---------- ---------- NET INCOME 3 15 (80.0) Preferred dividends 1 1 - 				 ---------- ---------- EARNINGS AVAILABLE FOR COMMON STOCK $2 $14 (85.7) 				 ===================== 18 EXHIBIT 99B.1 (continued) COMBINED STATEMENTS OF OPERATIONS U S WEST MEDIA GROUP (UNAUDITED) 					 Quarter Ended In millions, except March 31, % per share amounts 1996 1995 Change - - ----------------------------------------------- ---------- ---------- Average common shares outstanding (#1) 473.0 468.6 0.9 				 ===================== Earnings per common share $ - $0.03 - 				 ===================== <FN> <F1> #1: Effective November 1, 1995, each share of U S WEST, Inc. common stock was converted into one share each of U S WEST Communications Group common stock and U S WEST Media Group common stock. Earnings per common share for 1995 have been presented on a pro forma basis to reflect the two classes of stock as if they were outstanding since January 1, 1995. For periods prior to the recapitalization, the average common shares outstanding are assumed to be equal to the average common shares outstanding for U S WEST, Inc. </FN>