Document:

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                                                                   Exhibit 10.40

                          SUBORDINATED PROMISSORY NOTE

$2,000,000.00                                                       STAMFORD, CT
                                                     18/TH/ DAY OF DECEMBER 1998

     FOR VALUE RECEIVED, NewSub Services, Inc., a Connecticut corporation (the
"Borrower"), hereby promises, subject to the subordination provisions set forth
below, to pay to the order of Michael Loeb (the "Subordinated Lender") at his
office located at #4 High Ridge Road, (or at such other place as the
Subordinated Lender may designate) in lawful money of the United States of
America, in immediately available funds, the principal amount of Two Million
DOLLARS ($2,000,000.00) and to pay interest from the date hereof on the unpaid
principal amount hereof, in like money, at said office at the rate per annum one
percent (1%) above the Base Rate (as defined in the Credit Agreement referred to
below).  Interest shall accrue and be added to the principal amount due
hereunder monthly on the last Business Day of each month, commencing on December
31, 1998, until the entire principal amount of this Note and all accrued
interest hereunder shall be paid in full.

     Reference is made to the Credit Agreement dated as of March 5, 1998 (as
amended, supplemented or modified from time, the "Credit Agreement"; capitalized
terms not otherwise defined herein having the meanings given to such terms in
the Credit Agreement) among the Borrower, the Lenders parties thereto,
NationsBank, National Association, as Agent, and General Electric Capital
Corporation, as Documentation Agent.

     This Note and the indebtedness evidenced hereby is subordinate and subject
in right of payment, to the extent and in the manner hereinafter set forth, to
the prior payment in full of all obligations of the Borrower now or hereafter
existing under or in respect of (a) the Loan Documents, whether for principal,
interest, fees, commissions, expenses or otherwise and (b) any and all
amendments, modifications, extensions, refinancings, renewals and refundings of
the obligations referred to in clause (a) of this paragraph (all such
obligations under clauses (a) and (b) of this paragraph being, collectively, the
"Senior Indebtedness").  For the purposes of the provisions hereof, the Senior
Indebtedness shall not be deemed to have been paid in full until the latest of
(i) the date of payment in full in cash of all of the outstanding Loans and all
interest accrued thereon, all fees and expenses then due and payable in
connection therewith and all other Senior Indebtedness then due and payable,
(ii) the termination, expiration or cancellation of all Letters of Credit and
(iii) the Facility Termination Date.

     So long as the Senior Indebtedness shall not have been paid in full or
deemed paid in full, the Subordinated Lender shall not, without the written
consent of the Required Lenders (a) ask, demand, sue for, take or receive from
the Borrower, directly or indirectly, in cash or other property or by setoff or
in any manner (including, without limitation, from or by way of collateral),
payment of all or any of the indebtedness evidenced by this Note (the
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"Subordinated Indebtedness"), including any payment of principal or interest
hereunder, (b) commence, or join with any creditor in commencing, or directly or
indirectly cause the Borrower to Commence, or assist the Borrower in commencing,
any Bankruptcy Proceeding (as defined in the next paragraph) or (c) challenge
the validity or priority of any lien or security interest granted by the
Borrower or its Subsidiaries to the Agent or the Lenders.

     Until such time as the Senior Indebtedness has been paid in full, if any
bankruptcy, insolvency, arrangement, reorganization, receivership, relief or
other similar case or proceeding under any federal or state bankruptcy or
similar law or upon an assignment for the benefit of creditors or any other
marshaling of the assets and liabilities of the Borrower or otherwise (a
"Bankruptcy Proceeding") is commenced by or against the Borrower.

              1.      the Agent is irrevocably authorized and empowered (in its
                   own name or in the name of the Subordinated Lender or
                   otherwise), but shall have no obligation, to demand, sue for,
                   collect and receive every payment or distribution in respect
                   of the indebtedness evidenced hereby and give acquittance
                   therefor, and to file claims and proofs of claim and take
                   such other action (including, without limitation, voting the
                   indebtedness evidenced hereby) as it may deem necessary or
                   advisable for the exercise or enforcement of any of the
                   rights or interests of the Agent and the Lenders hereunder;
                   and

              2.      the Subordinated Lender shall duly and promptly take such
                   action as the Agent may request (i) to collect the
                   Indebtedness evidenced hereby for the account of the Agent,
                   for the ratable benefit of the Lenders, and to file
                   appropriate claims or proofs of claim in respect of the
                   indebtedness evidenced hereby, (ii) to execute and deliver to
                   the Agent such powers of attorney, assignments or other
                   instruments as the Agent may request in order to enable the
                   Agent to enforce any and all claims with respect to the
                   indebtedness evidenced hereby, and (iii) to collect and
                   receive any and all payments or distributions that may be
                   payable or deliverable upon or with respect to the
                   indebtedness evidenced hereby.

     All payments or distributions upon or with respect to the indebtedness
evidenced hereby that are received by the Subordinated Lender contrary to the
provisions of this Note shall be received in trust for the benefit of the Agent,
for the ratable benefit of the Lenders, shall be segregated from other property
or funds held by the Subordinated Lender and shall be forthwith paid over or
delivered directly to the Agent in the same form as so received (with any
necessary endorsement) to be applied (in the case of cash) to, or held as
collateral (in the case of noncash property or securities) for, the payment or
prepayment of the Senior Indebtedness in accordance with the terms of the Loan
Documents.
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     Subject to the subordination provisions set forth above, this Note shall
become immediately due and payable on demand, without presentation, protest or
notice of any kind, all of which are hereby waived by the Borrower.

     This note may not be sold, assigned, conveyed, pledged or otherwise
encumbered or hypothecated by the Subordinated Lender without the prior written
consent of the Required Lenders.

     In the event this Note is not paid when due, the Borrower agrees to pay, in
addition to the principal and interest, all costs of collection, including
reasonable attorneys' fees, and interest thereon at a rate two percent (2%)
above the rate set forth above.

     Interest hereunder shall be computed on the basis of a 365 day year for the
actual number of days elapsed.

     Protest, notice of protest, notice of dishonor, diligence or any other
formality are hereby waived by all parties bound hereon.

     IN WITNESS WHEREOF, the Borrower has caused this Note to be made, executed
and delivered by its duly authorized representative as of the date and year
first above written, all pursuant to authority duly granted.

                         NEWSUB SERVICES, INC.
WITNESS:

_________________________           By:  /s/ Robert D. Bock
                                         ---------------------------------------
_________________________           Name:    Robert D. Bock
                                         ---------------------------------------
                                    Title:   Secy.
                                          -----------------------------

[CORPORATE SEAL]

THE PROVISIONS OF PARAGRAPHS 3, 4, 5, 6 AND 8 HEREOF
ARE ACKNOWLEDGED AND AGREED BY THE UNDERSIGNED
THIS 9th DAY OF SEPTEMBER, 1998, WHICH AGREEMENT IS
FOR THE BENEFIT OF THE AGENT AND THE LENDERS.

 /s/ Michael Loeb
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Michael Loeb<PAGE>

                                                                   Exhibit 10.41

                      [NewSub Services, Inc. letterhead]
                                Promissory Note

April 7, 1999                      $1,000,000                       Stamford, CT

FOR VALUE RECEIVED the undersigned NewSub Services, Inc. hereby promises to pay
to the order of Michael Loeb, or his successors or assigns, the principal amount
of $1,000,000 as hereafter provided. The loan is payable on demand. The interest
rate is 10% per annum.

1. Payment

Payment will be made in full, including interest upon demand. Any default in the
payments due hereunder, which continues for more than 30 days, shall constitute
an Event of Default, as defined herein below.

2. Events of Default

If any of the following events shall occur, hereinafter individually referred to
as an event of default, the entire unpaid principal and accrued interest thereon
shall immediately become due and payable:

(a) Default in the making of any payment due under this Note when it become due
and payable and continuance of such default for a period of 30 days: or

(b) Bankruptcy proceeding on behalf of NewSub Services, Inc.

3. Acceleration on Default

NewSub Services, Inc. and any endorser or guarantor of the obligation agree that
upon the occurrence of an Event of Default, this note shall become due and
payable without notice, presentment, or demand of payment.

4. Non Waiver

No delay or failure on the part of Michael Loeb to exercise any power or right
hereunder shall operate as a waiver and such rights and powers shall be deemed
continuous, nor shall a partial exercise preclude full exercise; and no right or
remedy of Michael Loeb shall be deemed abridged or modified by any course of
conduct and no waiver thereof shall be predicated thereon, nor shall failure to
exercise any such power or right subject Michael Loeb to any liability.
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5. Waiver

Except as set forth herein above, NewSub Services, Inc. waives presentment,
demand for payment, notice of dishonor, and all other notices and demands in
connection with the delivery, acceptance, performance, default, or endorsement
of this note.

6. Jurisdiction

Michael Loeb and NewSub Services, Inc. hereby agree to submit themselves to the
jurisdiction of the State and Federal courts of the State of Connecticut, and
each agrees to submit itself to service of process with respect to such courts
in connection with any lawsuit arising under this note or the transactions
contemplated or described hereunder.

7. Costs of Collection

Should the indebtedness represented by this Note or any part thereof be placed
in the hands of attorneys for collection after an Event of Default, as defined
herein, NewSub Services, Inc. agrees to pay the principal, premium if any and
interest due and payable hereon, and all costs of collecting this note,
including reasonable attorneys fees and expenses.

8. Applicable Law

This note shall be governed by and construed in accordance with the laws of the
State of Connecticut without giving effect to principles of conflicts of law.

 /s/ Robert D. Bock
-----------------------------
By:  NewSub Services, Inc.

 /s/ Kimberly Klein
-----------------------------
Witness

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