EMPLOYMENT AGREEMENT



     THIS AGREEMENT (the Agreement) is being made as of the 15th day of October

1999 between DATA BROADCASTING CORPORATION, a Delaware corporation (the

Company), having its principal offices at 3490 Clubhouse Drive, Jackson, Wyoming

83001, and STEVEN G. CRANE (the Executive), an individual residing at 191 West

End Avenue, Ridgewood, New Jersey 07450.



                                  WITNESSETH:



     WHEREAS, the Company desires to employ the Executive and the Executive

desires to be employed by the Company as its Executive Vice President and Chief

Financial Officer upon the terms and conditions contained herein.



     NOW, THEREFORE, in consideration of the mutual premises and agreements

contained herein, and intending to be legally bound hereby, the parties hereto

agree as follows:



          1. Nature of Employment; Term of Employment.  The Company hereby

     employs the Executive and the executive agrees to serve the Company, upon

     the terms and conditions contained herein, for a term commencing no later

     than November 30, 1999 (the Effective Date) and continuing until June 30,

     2002 (the Employment Term); provided, however, that the Employment Term

     shall be extended to June 30, 2003, if, prior to December 31, 2000, a

     Change in Control (as defined in Section 8 of this Agreement) shall occur.



          2. Duties and Powers as Employee.  During the Employment Term, the

     Executive shall be employed by the Company as its Executive Vice President

     and Chief Financial Officer. The Executive shall be responsible for finance

     and administration. The Executive shall be based in the New York

     Metropolitan Area. The Executive agrees to devote his full time and efforts

     to the performance of his duties under this Agreement. In the performance

     of his duties, the Executive shall be subject to the direction of and shall

     report to the Chief Executive Officer of the Company. The Executive shall

     be available to travel as the needs of the business require.



          3. Compensation.



          (a) As compensation for his services hereunder, the Company shall pay

     the Executive, during the Employment Terms, a base salary (the Base Salary)

     payable in equal semi-monthly installments at the minimum annual rate of

     $300,000 through June 30, 2001 and $325,000 for the period July 1, 2001

     through the expiration of the Employment Term. Such payments shall be

     subject to withholding of all taxes payable



<PAGE>   2

     with respect thereto and deductions for insurance contributions and the

     like. Additionally, the Executive shall participate in the present or

     future employee benefit plans of the Company provided that he meets the

     eligibility requirements therefor.



          (b) In addition to the Base Salary provided herein Executive is

     eligible for a performance bonus payment (the Bonus), on an annual basis,

     in a sum equal to up to 100% of the Executive's Base Salary paid for the

     fiscal year then ended. The Company and Executive acknowledge that the

     expected Bonus in each fiscal year is 50% of Base Salary paid (the Target

     Bonus). One half of the Bonus shall be determined in the absolute and sole

     discretion of the Compensation Committee of the Board of Directors of the

     Company based upon an evaluation of the performance of the Executive and

     the Company during the previous fiscal year. One half of such Bonus shall

     be based upon financial criteria established at the commencement of each

     fiscal year during the Employment Term. For the Company's fiscal year ended

     June 30, 2000, such Bonus shall be no less than 50% of the Base Salary paid

     to the Executive during such fiscal year. To the extent that the Company

     determines to pay the Bonus to the Executive, the Bonus shall be paid to

     the Executive within ninety (90) days after the end of the Company's fiscal

     year notwithstanding that such date may be after the expiration of the

     Employment Term.

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