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                                                                   EXHIBIT 10.13

                              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

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     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.


          (c) Effective as of the date of this Agreement, the Company shall
     issue to the Executive a non-qualified stock option to acquire 120,000
     shares of common stock of the Company. In addition, effective upon the
     first anniversary of the date of this Agreement, the Company shall issue to
     the Executive a non-qualified stock option to acquire 60,000 shares of
     common stock of the Company. Each such option shall vest over a period of
     three years and shall have an exercise price equal to the market price on
     the date of grant.

          (d) In the event the Executive's present employer requests him to
     repay a loan given to him in connection with his relocation to the New York
     Metropolitan Area, the Company shall pay the Executive a one time starting
     bonus equal to the amount of such loan, but no greater than $25,000.

          4. Expenses; Vacations.  The Executive shall be entitled to
     reimbursement for reasonable travel and other out-of-pocket expenses
     necessarily incurred in the performance of his duties hereunder, upon
     submission and approval of written statements and bills in accordance with
     the then regular procedures of the Company. The Executive shall be entitled
     to reasonable vacation time in accordance with then regular procedures of
     the Company governing executives as determined form time to time by the
     Company's Board of Directors but in no event less than twenty days per
     year.

          5. Representations and Warranties of Employee.  The Executive
     represents and warrants to the Company that (a) he is under no contractual
     or other restriction or obligation which is inconsistent with the execution
     of this Agreement, the performance of his duties hereunder, or the other
     rights of the Company hereunder; and (b) he is under no physical or mental
     disability that, with or without reasonable accommodation, would hinder his
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     performance of duties under this Agreement.

          6. Non-Competition. The Executive agrees that he will not (a) during
     the period he is employed under this Agreement engage in, or otherwise
     directly or indirectly be employed by, or act as a consultant or lender to,
     be a director, officer, employee, owner, or partner of, any other business
     or organization that is or shall then be competing with the Company, and
     (b) for a period of two (2) years after he ceases to be employed by the
     Company under this Agreement, directly or indirectly compete with or be
     engaged in the same business as the Company, or be employed by, or act as
     consultant or lender to, or be a director, officer, employee, owner, or
     partner of, any business or organization which at the time of such
     cessation, competes with or is engages in the same business as the Company,
     except that in each case the provisions of this Section 6 will not be
     deemed breached merely because the Executive owns not more than five
     percent (5.0%) of the outstanding common stock of a corporation, if, at the
     time of its acquisition by the Executive, such stock is listed on a
     national securities exchange, is reported on NASDAQ, or is regularly traded
     in the over-the-counter market by a member of national securities exchange.

          7. Confidential Information.  All confidential information which the
     Executive may now possess, may obtain during the Employment Term, or may
     create prior to the end of the period he is employed by the Company under
     this Agreement, relating to the business of the Company or of any customer
     or supplier of the Company shall not be published, disclosed, or made
     accessible by him to any other person, form, or corporation during the
     Employment Term or any time thereafter without the prior written consent of
     the Company. The Executive shall return all tangible evidence of such
     confidential information to the Company prior to or at the termination of
     his employment.

          8. Termination; Change in Control.

          (a) Termination for Cause.  Notwithstanding anything herein contained,
     if on or after the date hereof and prior to the end of the Employment Term,
     the Executive is terminated For Cause (as defined below), then the Company
     shall have the right to give notice of termination of Executive's services
     hereunder as of a date to be specified in such notice, and this Agreement
     shall terminate on the date so specified. Termination For Cause shall mean
     the Executive shall (i) be convicted of a felony crime, (ii) commit any act
     or omit to take any action in bad faith and to the detriment of the
     Company, (iii) commit an act or moral turpitude, (iv) commit an act of
     fraud against the Company, or (v) materially breach any term of this
     Agreement and fail to correct such breach within thirty (30) days after
     commission thereof.

          (b) Disability.  In the event that the Executive shall be physically
     or mentally incapacitated or disabled or otherwise unable fully to
     discharge his duties hereunder, with or without reasonable accommodation,
     for a period of six months, then this Agreement shall terminate upon 90
     days written notice to the Executive.

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             (c) Death.  In the event that the Executive shall die, then this
        Agreement shall terminate on the date of the Executive's death.

             (d) Change in Control.

          (i) For purposes of this Agreement, a Change in Control shall be
     deemed to have occurred if:

               (A) any person, as such term is used in Section 13(d) and 14(d)
     of the Securities Exchange Act of 1934, as amended (the Exchange Act)
     (other than (1) the Executive or Allan R. Tessler or Alan J. Hirschfield;
     (2) any trustee or other fiduciary holding securities under an employee
     benefit plan of the Company or (3) any corporation owned, directly or
     indirectly, by the stockholders of the Company in substantially the same
     proportion as their ownership of Shares), is or becomes the beneficial
     owner (as defined in Rule 13d-3 under the Exchange Act), directly or
     indirectly, of securities of the Company representing 50% or more of the
     combines voting power of the Company's then outstanding voting securities;

               (B) individuals who at the Effective Date constitute the Board,
     and any new director whole election by the Board or nomination for election
     by the Board or nomination for election by the Company's stockholders was
     approved by a vote of at least two-thirds (2/3) of the directors then still
     in office who either were directors at the beginning of the period or whose
     election or nomination for election was previously so approved, cease for
     any reason to constitute at least a majority thereof;

               (C) the stockholders of the Company approve a merger or
     consolidation of the company with any other corporation, other than (1) a
     merger or consolidation that would result in the voting securities of the
     Company outstanding immediately prior thereto continuing to represent
     (either by remaining outstanding or by being converted into voting
     securities of the surviving or parent entity outstanding immediately after
     such merger or consolidation of (2) a merger or consolidation effect to
     implement a re-capitalization of the Company (or similar transaction) in
     which no person as hereinabove defined) acquires 50% or more of the
     combined voting power of the Company's then outstanding securities;

               (D) the stockholders of the Company approve a plan of complete
     liquidation of the Company or an agreement for the sale or disposition by
     the Company of all or substantially all of the Company's assets (or any
     transaction having a similar effect).

          (e) Effect of Termination or Change in Control.

                (i) In the event that this Agreement is terminated pursuant to
           Section 8(a), then the Executive shall be entitled to receive only
           his Base Salary at the rate provided in Section 3 to the date on
           which termination shall take effect.

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                (ii) In the event that this Agreement is terminated by the
     Company pursuant to Section 8(b) or 8(c), then the Executive, or the
     Executive's beneficiary (as the case may be), shall be entitled to receive
     his Base Salary at the rate provided in Section 3 to the date on which
     termination shall take together with a lump sum distribution (with no
     present value adjustment) equal to the Base Salary at the rate provided in
     Section 3 for a period of six months. In such event then the Executive's
     issued but unvested options shall vent immediately upon such termination.
     The Executive, or the Executive's beneficiary (as the case may be), shall
     have the right to exercise any stock option for a period of one year
     following the date of termination, but in no event beyond the expiration
     date of any such option.

               (iii) In the event that this Agreement is terminated by the
     Company for any reason other than pursuant to Section 8(a), (b) or (c),
     then the Executive, or the Executive's beneficiary (as the case may be),
     shall be entitled to receive his Base Salary at the rate provided in
     Section 3 to the date on which termination shall take effect together with
     a lump sum distribution (with no present value adjustment) equal to the
     Base Salary and Target Bonus at the rate provided in Section 3 for a period
     of the greater of one year or the balance of the Employment Term. In the
     case of a Change in Control, any of the Executive's issued but unvested
     options shall vest immediately upon such Change in Control. The Executive,
     or the Executive's beneficiary (as the case may be), shall have the right
     to exercise any stock option for a period of one year following the date of
     termination, but in no event beyond the expiration date of any such option.
     In addition, in such case the two (2) year period described in Section 6(b)
     of this Agreement shall be reduced to one (1) year.

               (f) Nothing contained in this Section 8 shall be deemed to limit
     any other right the Company may have to terminate Employee's employment
     hereunder upon any ground permitted by law.

          9. Change of Control.

          In the event of a future disposition of (or including) the properties
     and business of the Company, substantially as an entirety, by merger,
     consolidation, sale of assets, or otherwise, the Company shall assign this
     letter and all of its rights and obligations hereunder to the acquiring or
     surviving corporation, such corporation shall assume in writing all of the
     obligations of the Company, and the Company (in the event and so long as it
     remains in business as an independent going enterprise) shall remain liable
     for the performance of its obligations hereunder in the vent of an
     unjustified failure of the acquiring corporation to perform its obligations
     under this letter.

          10. Survival.  The covenants, agreements, representations, and
     warranties contained in or made pursuant to this Agreement shall survive
     the Executive's
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     termination of employment, irrespective of any investigation made by or on
     behalf of any party.

          11. Modification.  This Agreement sets forth the entire understanding
     of the parties with respect to the subject matter hereof, terminates and
     supersedes all existing agreements (written, oral or otherwise) between
     them concerning such subject matter, and may be modified only by a written
     instrument duly executive by each party. The Executive acknowledges that no
     other representations, oral or written, have been made regarding the
     subject matter hereof, other than those explicitly provided herein. The
     Executive further acknowledges that he has not relied on any oral or
     written representations not explicitly contained herein in executing this
     Agreement.

          12. Notices.  Any notice or other communication required or permitted
     to be given hereunder shall be in writing and shall be mailed by certified
     mail, return receipt requested, or delivered against receipt to the party
     to whom it is to be given at the address of such party set forth in the
     preamble to this Agreement (or to such other address as the party shall
     have furnished in writing in accordance with the provisions of this Section
     12). In the case of a notice to the Company, a copy of such notice (which
     copy shall not constitute notice) shall be delivered to Camhy Karlinsky &
     Stein LLP, 1740 Broadway, New York, New York 10019-4315, Attn. Alan I.
     Annex, Esq. Notice to the estate of the Executive shall be sufficient if
     addressed to the Executive as provided in this Section 12. Any notice or
     other communication given by certified mail shall be deemed given at the
     time of certification thereof, except for a notice changing a party's
     address which shall be deemed given at the time of receipt thereof.

          13. Waiver.  Any waiver by either party of a breach of any provision
     of this Agreement shall not operate as or be construed to be a waiver of
     any other breach of such provision or of any breach of any other provision
     of this Agreement. The failure of a party to insist upon strict adherence
     to any term of this Agreement on one or more occasions shall not be
     considered a waiver or deprive that party of the right thereafter to insist
     upon strict adherence to that term or any other term of this Agreement. Any
     waiver must be in writing.

          14. Binding Effect.  The Executive's rights and obligations under this
     Agreement shall not be transferable by assignment or otherwise, such rights
     shall not be subject to encumbrance or the claims of the Executive's
     creditors, an any attempt to do any of the foregoing shall be void. The
     provisions of this Agreement shall be binding upon and inure to the benefit
     of the Executive and his heirs and personal representatives, shall be
     binding upon and inure to the benefit of the Company and its successors and
     those who are its assigns under Section 9.

          15. Headings.  The headings in this Agreement are solely for the
     convenience of reference and shall be given no effect in the construction
     or interpretations of this Agreement.

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     16. Counterparts: Governing Law.  This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. It shall be
governed by, and construed in accordance with, the laws of the State of Wyoming,
without giving effect to the rules governing the conflicts of laws.

     IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the
date first written above.

                                          DATA BROADCASTING CORPORATION

                                          BY:/s/ Mark F. Imperiale
                                            ------------------------------------
                                            NAME: MARK F. IMPERIALE
                                            TITLE: PRESIDENT

                                            /s/ Steven G. Crane
                                            ------------------------------------
                                            STEVEN G. CRANE