Document:

<PAGE>
                                                                     EXHIBIT 4.3

                         REGISTRATION RIGHTS AGREEMENT
                                     AMONG
                                 USANI SUB LLC
                                      AND
                                    [NEWCO]

                             ---------------------
                          DATED AS OF [             ]

                             ---------------------
<PAGE>
                         REGISTRATION RIGHTS AGREEMENT

    REGISTRATION RIGHTS AGREEMENT, dated as of [      ], (the "AGREEMENT"),
between [Newco], a Delaware corporation (the "COMPANY"), USA Networks, Inc., a
Delaware corporation ("USA") and USANi Sub LLC, a Delaware limited liability
company ("PARENT").

    This Agreement is made in connection with the Agreement and Plan of Merger
(the "MERGER AGREEMENT"), dated as of [            ] between Parent and
Styleclick.com Inc., a California corporation, pursuant to which Parent will
receive shares of Common Stock, par value $0.01 per share, of the Company (the
"COMMON STOCK"). In order to induce Parent to execute the Merger Agreement, and
USA to execute the Credit Agreement (as defined therein) the Company has agreed
to provide registration rights with respect to the Registrable Securities (as
hereinafter defined) as set forth in this Agreement.

    The parties hereby agree as follows:

    1.  DEFINITIONS.  As used in this Agreement, and unless the context requires
a different meaning, the following terms have the meanings indicated:

    "APPROVED UNDERWRITER" has the meaning assigned such term in Section 3(f).

    "APPROVED UNDERWRITER AMOUNT" has the meaning assigned such term in
Section 3(d).

    "BUSINESS DAY" means any day other than a day on which (i) banks in the
State of New York are authorized or obligated to be closed or (ii) the New York
Stock Exchange is closed.

    "COMPANY UNDERWRITER" has the meaning assigned such term in Section 4(a).

    "DEMAND REGISTRATION" has the meaning assigned such term in Section 3(a).

    "DESIGNATED HOLDER" means USA, Parent and any of their respective
transferees to whom Registrable Securities have been transferred other than a
transferee to whom such securities have been transferred pursuant to a
registration statement under the Act or Rule 144 under the Act.

    "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder.

    "HOLDER" has the meaning assigned such term in Section 2(b).

    "HOLDERS' COUNSEL" means (a) with respect to any Demand Registration that
has been requested pursuant to Section 3, counsel selected by the Initiating
Holders holding more than 50% of the Registrable Securities held by all
Initiating Holders being registered in such registration, and (b) with respect
to a request for registration of Registrable Securities pursuant to Section 4,
counsel selected by the Holders holding more than 50% of the Registrable
Securities being registered in such registration.

    "INDEMNIFIED PARTY" has the meaning assigned such term in Section 8(c).

    "INDEMNIFYING PARTY" has the meaning assigned such term in Section 8(c).

    "INITIATING HOLDERS" has the meaning assigned to such term in Section 3(a).

    "INSPECTOR" has the meaning assigned such term in Section 6(a)(viii).

    "NASD" has the meaning assigned such term in Section 6(a)(xv).

    "PERSON" means any individual, corporation, partnership, firm, group (as
such term is used in Section 13(d)(3) of the Exchange Act), joint venture,
association, trust, limited liability company, unincorporated organization,
estate, trust, or other entity.

                                       1
<PAGE>
    "REGISTRABLE SECURITIES" means each of the following: (a) any shares of
Common Stock held of record by any party hereto on or after the date hereof and
(b) any shares of Common Stock issued or issuable in respect of shares of Common
Stock issued, issuable or held pursuant to clause (a) above by way of a stock
dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization or otherwise.

    "REGISTRATION EXPENSES" has the meaning assigned such term in Section 7.

    "SEC" means the Securities and Exchange Commission.

    "SECURITIES ACT" means the Securities Act of 1933, as amended, and the rules
and regulations promulgated thereunder.

    "STOCKHOLDERS AGREEMENT" means the Stockholders Agreement, dated the date
hereof, between the Company, Parent and the other parties named therein, as the
same may be amended from time to time in accordance with its terms.

    "TOTAL SECURITIES" has the meaning assigned such term in Section 4(a).

    "UNDERWRITERS" has the meaning assigned such term in Section 6(d).

    2.  SECURITIES SUBJECT TO THIS AGREEMENT.

    (a)  REGISTRABLE SECURITIES.  For the purposes of this Agreement,
Registrable Securities will cease to be Registrable Securities when (i) a
registration statement covering such Registrable Securities has been declared
effective under the Securities Act by the SEC and such Registrable Securities
have been disposed of pursuant to such effective registration statement or
(ii) the entire amount of Registrable Securities proposed to be sold in a single
sale are or, in the opinion of counsel satisfactory to the Company and the
Holder, each in their reasonable judgment, may, be distributed to the public
pursuant to Rule 144 (or any successor provision then in effect) under the
Exchange Act.

    (b)  HOLDERS OF REGISTRABLE SECURITIES.  A Person is deemed to be a holder
of Registrable Securities (a "HOLDER") whenever such Person (i) is a Designated
Holder and (ii) owns of record Registrable Securities, or holds an option to
purchase, or a security convertible into or exercisable or exchangeable for,
Registrable Securities, whether or not such purchase or conversion has actually
been effected and disregarding any legal restrictions upon the exercise of such
rights. If the Company receives conflicting instructions, notices or elections
from two or more persons with respect to the same Registrable Securities, the
Company may act upon the basis of the instructions, notice or election received
from the registered owner of such Registrable Securities. Registrable Securities
issuable upon exercise of an option or upon conversion of another security shall
be deemed outstanding for the purposes of this Agreement.

    3.  DEMAND REGISTRATION.

    (a)  REQUEST FOR DEMAND REGISTRATION.  At any time after 18 months from the
date of the Effective Date (as defined in the Merger Agreement), the Designated
Holders holding more than 50% of the Registrable Securities held by all of the
Designated Holders (the "INITIATING HOLDERS") may request the registration of
Registrable Securities under the Act, and under the securities or blue sky laws
of any jurisdiction designated by such holder or holders (each such registration
under this Section 3(a) that satisfies the requirements set forth in
Section 3(b) is referred to herein as a "DEMAND REGISTRATION"). Notwithstanding
the foregoing, (i) the Company will not be required to effect a Demand
Registration within the period beginning on the effective date of a registration
statement filed by the Company on its behalf and ending on the expiration of any
lock-up period reasonably required by the underwriters, if any, in connection
therewith. Each such request for a Demand Registration by the Initiating Holders
in respect thereof shall specify the amount of the Registrable Securities
proposed to be sold, the

                                       2
<PAGE>
intended method of disposition thereof and the jurisdictions in which
registration is desired. Upon a request for a Demand Registration, the Company
shall promptly take such steps as are necessary or appropriate to prepare for
the registration of the Registrable Securities to be registered. Within fifteen
(15) days after the receipt of such request, the Company shall give written
notice thereof to all other Designated Holders holding Registrable Securities
and include in such registration all Registrable Securities held by a Designated
Holder holding Registrable Securities from whom the Company has received a
written request for inclusion therein at least ten (10) days prior to the filing
of the registration statement. Each such request will also specify the number of
Registrable Securities to be registered, the intended method of disposition
thereof and the jurisdictions in which registration is desired. The Company,
subject to Sections 3(d) and 3(e), shall be entitled to include in any
registration statement and offering made pursuant to a Demand Registration,
authorized but unissued shares of Common Stock, shares of Common Stock held by
the Company as treasury shares or shares of Common Stock held by stockholders
other than the Designated Holders holding Registrable Securities; provided that
such inclusion shall be permitted only to the extent that it is pursuant to and
subject to the terms of the underwriting agreement or arrangements, if any,
entered into by the Initiating Holders exercising the Demand Registration
rights.

    (b)  EFFECTIVE DEMAND REGISTRATION.  The Company shall use its best efforts
to cause any such Demand Registration to become effective not later than ninety
(90) days after it receives a request under Section 3(a). A registration
requested pursuant to Section 3(a) hereof shall not count as one of the four
Demand Registrations to which the Designated Holders are entitled hereunder
unless Registrable Securities are sold pursuant to such demand or such
registration statement remains effective for at least one hundred and twenty
(120) days under Section 3(a).

    (c)  EXPENSES.  In any registration initiated as a Demand Registration, the
Company shall pay all Registration Expenses in connection therewith, whether or
not such requested Demand Registration becomes effective.

    (d)  UNDERWRITING PROCEDURES.  If the Initiating Holders holding more than
50% of the Registrable Securities held by all Initiating Holders to which the
requested Demand Registration relates so elect, the offering of such Registrable
Securities pursuant to such requested Demand Registration shall be in the form
of a firm commitment underwritten offering and the managing underwriter or
underwriters selected for such offering shall be the Approved Underwriter
selected in accordance with Section 3(f). In such event, if the Approved
Underwriter advises the Company in writing that, in its opinion, the aggregate
amount of such Registrable Securities requested to be included in such offering
is sufficiently large to have a material adverse effect on the success of such
offering, then the Company shall include in such registration only the aggregate
amount of Registrable Securities that in the opinion of the Approved Underwriter
may be sold without any such effect on the success or pricing of such offering
(the "APPROVED UNDERWRITER AMOUNT"), and each Designated Holder shall be
entitled to have included in such registration Registrable Securities equal to
its pro rata portion of the Approved Underwriter Amount, as based on the amounts
of Registrable Securities sought to be registered by the Designated Holders in
their requests for participation in the requested Demand Registration. To the
extent that the number of Registrable Securities to be included by the
Designated Holders is less than the Approved Underwriter Amount, securities that
the Company proposes to register may, subject to the limitations contained in
Section 3(e), also be included.

    (e)  PRORATION.  In any case in which an offering is in the form of a firm
commitment underwritten offering and the number of Registrable Securities to be
included by the Designated Holders is less than the Approved Underwriter Amount,
if the managing underwriter or underwriters of such offering advise the Company
in writing that in its or their opinion the number of securities proposed to be
sold in such offering by Persons (including the Company) other than the
Designated Holders exceeds the number thereof that can be sold in such offering
without any effect on the success or pricing of such offering, the Company will
include in such registration all of the Registrable Securities requested to be

                                       3
<PAGE>
sold by the Designated Holders. Thereafter, the Company may include, to the
extent the Approved Underwriter Amount is not exceeded, the number of securities
to be offered for the account of the Company and the number of securities, if
any, to be offered for the account of the stockholders of the Company other than
the Designated Holders.

    (f)  SELECTION OF UNDERWRITERS.  If any requested Demand Registration is in
the form of an underwritten offering, the Initiating Holders holding more than
50% of the Registrable Securities held by all Initiating Holders to be included
in the requested Demand Registration shall select and obtain an investment
banking firm of national reputation to act as the managing underwriter of the
offering (the "APPROVED UNDERWRITER").

    4.  PIGGY-BACK REGISTRATION.

    (a)  PIGGY-BACK RIGHTS.  If, at any time after 18 months from the Effective
date (as defined in the Merger Agreement), the Company proposes to file a
registration statement under the Act with respect to an offering by the Company
of any class of security (other than a registration statement on Form S-4 or S-8
(or any successor form thereto)) under the Act, then the Company shall give
written notice of such proposed filing to each of the Holders at least thirty
(30) days before the anticipated filing date, and such notice shall describe in
detail the proposed registration and distribution (including those jurisdictions
where registration under the securities or blue sky laws is intended) and offer
such Holders the opportunity to register the number of Registrable Securities as
each such Holder may request. The Company shall use its reasonable best efforts
(within ten (10) days of the notice provided for in the preceding sentence) to
cause the managing underwriter or underwriters of an underwritten offering
proposed by the Company (the "COMPANY UNDERWRITER") to permit the Holders who
have requested to participate in the registration for such offering to include
such Registrable Securities in such offering on the same terms and conditions as
the securities of the Company included therein. Notwithstanding the foregoing,
(i) if the Company Underwriter delivers a written opinion to the Holders of
Registrable Securities that the total amount of securities which they and the
Company intend to include in such offering (the "TOTAL SECURITIES") is
sufficiently large so as to have a material adverse effect on the distribution
of the Total Securities, then the securities proposed to be included in such
registration by all Holders shall be reduced pro rata based on the number of
Registrable Securities held by all Holders participating in such registration to
the extent necessary to reduce the Total Securities to the amount recommended by
the Company Underwriter.

    (b)  PRIORITY OF REGISTRATIONS.  If the Company proposes to register
securities pursuant to Section 4(a) hereof on or prior to the same day that the
Designated Holders request a registration pursuant to Section 3(a) hereof, then
the Company's proposed registration shall be given priority.

    (c)  EXPENSES.  The Company shall bear all Registration Expenses in
connection with any registration pursuant to this Section 4.

    5.  HOLDBACK AGREEMENTS.

    (a)  RESTRICTIONS ON PUBLIC SALE BY HOLDERS.  To the extent not inconsistent
with applicable law, each Holder agrees not to effect any public sale or
distribution of any Registrable Securities being registered or of any securities
convertible into or exchangeable or exercisable for such Registrable Securities,
including a sale pursuant to Rule 144 under the Securities Act, during the
ninety (90) day period beginning on the effective date of any Demand
Registration or Piggy-Back Registration or other underwritten offering (except
as part of such registration), if and to the extent requested by any other
Holder, in the case of a non-underwritten public offering, or if and to the
extent requested by the Approved Underwriter or the Company Underwriter, in the
case of an underwritten public offering.

    (b)  RESTRICTIONS ON PUBLIC SALE BY THE COMPANY.  The Company agrees not to
effect any public sale or distribution of any of its securities for its own
account (except pursuant to registrations on Form S-4 or S-8 (or any successor
form thereto) under the Securities Act) during the ninety (90) day

                                       4
<PAGE>
period beginning on the later of (i) the effective date of any registration
statement in which the Holders are participating and (ii) the commencement of a
public distribution of Registrable Securities pursuant to such registration
statement.

    6.  REGISTRATION PROCEDURES.

    (a)  OBLIGATIONS OF THE COMPANY.  Whenever registration of Registrable
Securities has been requested pursuant to Section 3 or 4 of this Agreement, the
Company shall use its reasonable best efforts to effect the registration and
sale of such Registrable Securities in accordance with the intended method of
distribution thereof as quickly as practicable, and in connection with any such
request, the Company shall, as expeditiously as possible:

        (i) prepare and file with the SEC (in any event not later than thirty
    (30) Business Days after receipt of a request to file a registration
    statement with respect to Registrable Securities) a registration statement
    on any form on which registration is requested for which the Company then
    qualifies, which counsel for the Company and Holders' Counsel shall deem
    appropriate and which shall be available for the sale of such Registrable
    Securities in accordance with the intended method of distribution thereof,
    and use its best efforts to cause such registration statement to become
    effective; PROVIDED, HOWEVER, that before filing a registration statement or
    prospectus or any amendments or supplements thereto, the Company shall
    (A) provide Holders' Counsel and any other Inspector with an adequate and
    appropriate opportunity to participate in the preparation of such
    registration statement and each prospectus included therein (and each
    amendment or supplement thereto) to be filed with the SEC, which documents
    shall be subject to the review of Holders' Counsel, and (B) notify Holders'
    Counsel and each seller of Registrable Securities pursuant to such
    registration statement of any stop order issued or threatened by the SEC and
    take all reasonable action required to prevent the entry of such stop order
    or to remove it if entered;

        (ii) prepare and file with the SEC such amendments and supplements to
    such registration statement and the prospectus used in connection therewith
    as may be necessary to keep such registration statement effective for a
    period of not less than 120 days, and comply with the provisions of the Act
    with respect to the disposition of all Registrable Securities covered by
    such registration statement during such period in accordance with the
    intended methods of disposition by the sellers thereof set forth in such
    registration statement;

        (iii) as soon as reasonably possible, furnish to each seller of
    Registrable Securities, prior to filing a registration statement, copies of
    such registration statement as it is proposed to be filed, and thereafter
    such number of copies of such registration statement, each amendment and
    supplement thereto (in each case including all exhibits thereto), the
    prospectus included in such registration statement (including each
    preliminary prospectus) and such other documents as each such seller may
    reasonably request in order to facilitate the disposition of the Registrable
    Securities owned by such seller;

        (iv) use its best efforts to register or qualify such Registrable
    Securities under such other securities or blue sky laws of such
    jurisdictions as any seller of Registrable Securities may request, and to
    continue such qualification in effect in each such jurisdiction for as long
    as is permissible pursuant to the laws of such jurisdiction, or for as long
    as any such seller requests or until all of such Registrable Securities are
    sold, whichever is shortest, and do any and all other acts and things which
    may be reasonably necessary or advisable to enable any such seller to
    consummate the disposition in such jurisdictions of the Registrable
    Securities owned by such seller; PROVIDED, HOWEVER, that the Company shall
    not be required to (A) qualify generally to do business in any jurisdiction
    where it would not otherwise be required to qualify but for this
    Section 6(a)(iv), (B) subject itself to taxation in any such jurisdiction or
    (C) consent to general service of process in any such jurisdiction;

                                       5
<PAGE>
        (v) use its best efforts to obtain all other approvals, covenants,
    exemptions or authorizations from such governmental agencies or authorities
    as may be necessary to enable the sellers of such Registrable Securities to
    consummate the disposition of such Registrable Securities;

        (vi) notify each seller of Registrable Securities at any time when a
    prospectus relating thereto is required to be delivered under the Act, upon
    discovery that, or upon the happening of any event as a result of which, the
    prospectus included in such registration statement contains an untrue
    statement of a material fact or omits to state any material fact required to
    be stated therein or necessary to make the statements therein not misleading
    in light of the circumstances under which they were made, and the Company
    shall promptly prepare a supplement or amendment to such prospectus and
    furnish to each such seller a reasonable number of copies of a supplement to
    or amendment of such prospectus as may be necessary so that, after delivery
    to the purchasers of such Registrable Securities, such prospectus shall not
    contain an untrue statement of a material fact or omit to state any material
    fact required to be stated therein or necessary to make the statements
    therein not misleading in light of the circumstances under which they were
    made;

        (vii) enter into and perform customary agreements (including an
    underwriting agreement in customary form with the Approved Underwriter or
    Company Underwriter, if any, selected as provided in Section 3 or 4) and
    take such other actions as are reasonably required in order to expedite or
    facilitate the disposition of such Registrable Securities;

        (viii) make available for inspection by any seller of Registrable
    Securities, any managing underwriter participating in any disposition
    pursuant to such registration statement, Holders' Counsel and any attorney,
    accountant or other agent retained by any such seller or any managing
    underwriter (each, an "INSPECTOR" and, collectively, the "INSPECTORS"), all
    financial and other records, pertinent corporate documents and properties of
    the Company and any subsidiaries thereof as may be in existence at such time
    (collectively, the "RECORDS") as shall be reasonably necessary to enable
    them to exercise their due diligence responsibility, and cause the Company's
    and any subsidiaries' officers, directors and employees, and the independent
    public accountants of the Company, to supply all information reasonably
    requested by any such Inspector in connection with such registration
    statement.

        (ix) obtain a "cold comfort" letter from the Company's independent
    public accountants in customary form and covering such matters of the type
    customarily covered by "cold comfort" letters, as Holders' Counsel or the
    managing underwriter reasonably request;

        (x) furnish, at the request of any seller of Registrable Securities on
    the date such securities are delivered to the underwriters for sale pursuant
    to such registration or, if such securities are not being sold through
    underwriters, on the date the registration statement with respect to such
    securities becomes effective, an opinion, dated such date, of counsel
    representing the Company for the purposes of such registration, addressed to
    the underwriters, if any, and to the seller making such request, covering
    such legal matters with respect to the registration in respect of which such
    opinion is being given as such seller may reasonably request and as are
    customarily included in such opinions;

        [(xi) otherwise use its best efforts to comply with all applicable rules
    and regulations of the SEC, and make available to its security holders, as
    soon as reasonably practicable but no later than fifteen (15) months after
    the effective date of the registration statement, an earnings statement
    covering a period of twelve (12) months beginning after the effective date
    of the registration statement, in a manner which satisfies the provisions of
    Section 11(a) of the Act;]

        (xii) cause all such Registrable Securities to be listed on each
    securities exchange on which similar securities issued by the Company are
    then listed, subject to the satisfaction of the applicable listing
    requirements of each such exchange;

                                       6
<PAGE>
        (xiii) keep each seller of Registrable Securities advised in writing as
    to the initiation and progress of any registration under Section 3 or 4
    hereunder;

        (xiv) provide officers' certificates and other customary closing
    documents;

        (xv) cooperate with each seller of Registrable Securities and each
    underwriter participating in the disposition of such Registrable Securities
    and their respective counsel in connection with any filings required to be
    made with the National Association of Securities Dealers, Inc. (the "NASD");
    and

        (xvi) use its best efforts to take all other steps necessary to effect
    the registration of the Registrable Securities contemplated hereby.

    (b)  SELLER INFORMATION.  The Company may require each seller of Registrable
Securities as to which any registration is being effected to furnish to the
Company such information regarding the distribution of such securities as the
Company may from time to time reasonably request in writing.

    (c)  NOTICE TO DISCONTINUE.  Each Holder agrees that, upon receipt of any
notice from the Company of the happening of any event of the kind described in
Section 6(a)(vi), such Holder shall forthwith discontinue disposition of
Registrable Securities pursuant to the registration statement covering such
Registrable Securities until such Holder's receipt of the copies of the
supplemented or amended prospectus contemplated by Section 6(a)(vi) and, if so
directed by the Company, such Holder shall deliver to the Company (at the
Company's expense) all copies, other than permanent file copies then in such
Holder's possession, of the prospectus covering such Registrable Securities
which is current at the time of receipt of such notice. If the Company shall
give any such notice, the Company shall extend the period during which such
registration statement shall be maintained effective pursuant to this Agreement
(including the period referred to in Section 6(a)(ii)) by the number of days
during the period from and including the date of the giving of such notice
pursuant to Section 6(a)(vi) to and including the date when the Holder shall
have received the copies of the supplemented or amended prospectus contemplated
by and meeting the requirements of Section 6(a)(vi).

    7.  REGISTRATION EXPENSES.  The Company shall pay all expenses (other than
underwriting discounts and commissions) arising from or incident to the
performance of, or compliance with, this Agreement, including (a) SEC, stock
exchange and NASD registration and filing fees, (b) all fees and expenses
incurred in complying with securities or blue sky laws (including reasonable
fees, charges and disbursements of counsel in connection with blue sky
qualifications of the Registrable Securities), (c) all printing, messenger and
delivery expenses, (d) the fees, charges and disbursements of counsel to the
Company and of its independent public accountants and any other accounting and
legal fees, charges and expenses incurred by the Company (including any expenses
arising from any special audits incident to or required by any registration or
qualification) and (e) any liability insurance or other premiums for insurance
obtained (which insurance the Company agrees to use its best efforts to obtain
upon the reasonable request of any seller of Registrable Securities) and the
reasonable fees, charges and expenses of any special experts (provided that a
seller of Registrable Securities shall give notice to the Company, as soon as
practicable, of the retention of any such special experts) retained in
connection with any requested Demand Registration or Piggy-Back Registration
pursuant to the terms of this Agreement, regardless of whether the registration
statement filed in connection with such registration is declared effective. In
connection with each registration hereunder, the Company shall reimburse the
Holders of Registrable Securities being registered in such registration for the
reasonable fees, charges and disbursements of not more than one Holders'
Counsel. All of the expenses described in this Section 7 are referred to in this
Agreement as "REGISTRATION EXPENSES."

    8.  INDEMNIFICATION; CONTRIBUTION.

    (a)  INDEMNIFICATION BY THE COMPANY.  The Company agrees to indemnify and
hold harmless each Holder, its directors, officers, partners, employees,
advisors and agents, and each Person who controls

                                       7
<PAGE>
(within the meaning of the Act or the Exchange Act) such Holder, to the extent
permitted by law, from and against any and all losses, claims, damages, expenses
(including reasonable costs of investigation and fees, disbursements and other
charges of counsel) or other liabilities resulting from or arising out of or
based upon any untrue, or alleged untrue, statement of a material fact contained
in any registration statement, prospectus or preliminary prospectus or
notification or offering circular (as amended or supplemented if the Company
shall have furnished any amendments or supplements thereto) or arising out of or
based upon any omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, except insofar as the same are caused by or contained in any
information furnished in writing to the Company by such Holder expressly for use
therein. The Company shall also indemnify any underwriters of the Registrable
Securities, their officers, directors and employees, and each Person who
controls any such underwriter (within the meaning of the Act and the Exchange
Act) to the same extent as provided above with respect to the indemnification of
the Holders of Registrable Securities.

    (b)  INDEMNIFICATION BY HOLDERS.  In connection with any registration in
which a Holder is participating pursuant to Section 3 or 4 hereof, each such
Holder shall furnish to the Company in writing such information with respect to
such Holder as the Company may reasonably request or as may be required by law
for use in connection with any registration statement or prospectus to be used
in connection with such registration and each Holder agrees to indemnify and
hold harmless the Company, any underwriter retained by the Company and their
respective directors, officers, employees and each Person who controls (within
the meaning of the Act and the Exchange Act) the Company or such underwriter to
the same extent as the foregoing indemnity from the Company to the Holders
(subject to the proviso to this sentence and applicable law), but only with
respect to any such information furnished in writing by such Holder expressly
for use therein; PROVIDED, HOWEVER, that the liability of any Holder under this
Section 8(b) shall be limited to the amount of the net proceeds received by such
Holder in the offering giving rise to such liability.

    (c)  CONDUCT OF INDEMNIFICATION PROCEEDINGS.  Any Person entitled to
indemnification hereunder (the "INDEMNIFIED PARTY") agrees to give prompt
written notice to the indemnifying party (the "INDEMNIFYING PARTY") after the
receipt by the Indemnified Party of any written notice of the commencement of
any action, suit, proceeding or investigation or threat thereof made in writing
for which the Indemnified Party intends to claim indemnification or contribution
pursuant to this Agreement; PROVIDED, that, the failure so to notify the
Indemnifying Party shall not relieve the Indemnifying Party of any liability
that it may have to the Indemnified Party hereunder. If notice of commencement
of any such action is given to the Indemnifying Party as above provided, the
Indemnifying Party shall be entitled to participate in and, to the extent it may
wish, jointly with any other Indemnifying Party similarly notified, to assume
the defense of such action at its own expense, with counsel chosen by it and
satisfactory to such Indemnified Party. The Indemnified Party shall have the
right to employ separate counsel in any such action and participate in the
defense thereof, but the fees and expenses of such counsel (other than
reasonable costs of investigation) shall be paid by the Indemnified Party unless
(i) the Indemnifying Party agrees to pay the same, (ii) the Indemnifying Party
fails to assume the defense of such action with counsel satisfactory to the
Indemnified Party in its reasonable judgment, (iii) the named parties to any
such action (including any impleaded parties) have been advised by such counsel
that either (A) representation of such Indemnified Party and the Indemnifying
Party by the same counsel would be inappropriate under applicable standards of
professional conduct or (B) there may be one or more legal defenses available to
it which are different from or additional to those available to the Indemnifying
Party. In either of such cases the Indemnifying Party shall not have the right
to assume the defense of such action on behalf of such Indemnified Party. No
Indemnifying Party shall be liable for any settlement entered into without its
written consent, which consent shall not be unreasonably withheld. The rights
accorded to any Indemnified Party hereunder shall be in addition to any rights
that such Indemnified Party may have at common law, by separate agreement or
otherwise.

                                       8
<PAGE>
    (d)  CONTRIBUTION.  If the indemnification provided for in Section 8(a) from
the Indemnifying Party is unavailable to an Indemnified Party in respect of any
losses, claims, damages, expenses or other liabilities referred to therein, then
the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result
of such losses, claims, damages, expenses or other liabilities in such
proportion as is appropriate to reflect the relative fault of the Indemnifying
Party and Indemnified Party in connection with the actions which resulted in
such losses, claims, damages, expenses or other liabilities, as well as any
other relevant equitable considerations. The relative faults of such
Indemnifying Party and Indemnified Party shall be determined by reference to,
among other things, whether any action in question, including any untrue or
alleged untrue statement of a material fact or omission or alleged omission to
state a material fact, was made by, or relates to information supplied by, such
Indemnifying Party or Indemnified Party, and the Indemnifying Party's and
Indemnified Party's relative intent, knowledge, access to information and
opportunity to correct or prevent such action. The amount paid or payable by a
party as a result of the losses, claims, damages, expenses or other liabilities
referred to above shall be deemed to include, subject to the limitations set
forth in Sections 8(a), 8(b) and 8(c), any legal or other fees, charges or
expenses reasonably incurred by such party in connection with any investigation
or proceeding.

    The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 8(d) were determined by pro rata
allocation or by any other method of allocation which does not take account of
the equitable considerations referred to in the immediately preceding paragraph.
No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution pursuant
to this Section 8(d).

    9.  RULE 144; OTHER EXEMPTIONS.  The Company covenants that it shall file
any reports required to be filed by it under the Exchange Act and the rules and
regulations adopted by the SEC thereunder, and that it shall take such further
action as each Holder may reasonably request (including providing any
information necessary to comply with Rules 144 and 144A under the Exchange Act),
all to the extent required from time to time to enable such Holder to sell
Registrable Securities without registration under the Exchange Act within the
limitation of the exemptions provided by (a) Rule 144 or Rule 144A under the
Exchange Act, as such rules may be amended from time to time, or (b) any other
similar rules or regulations hereafter adopted by the SEC. The Company shall,
upon the request of any Holder, deliver to such Holder a written statement as to
whether the Company has complied with such requirements.

    10.  MISCELLANEOUS.

    (a)  RECAPITALIZATIONS, EXCHANGES, ETC.  The provisions of this Agreement
shall apply, to the full extent set forth herein with respect to the Registrable
Securities, to any and all shares of capital stock of the Company or any
successor or assign of the Company (whether by merger, consolidation, sale of
assets or otherwise) which may be issued in respect of, in exchange for or in
substitution of, the Registrable Securities and shall be appropriately adjusted
for any stock dividends, splits, reverse splits, combinations, recapitalizations
and the like occurring after the date hereof.

    (b)  NO INCONSISTENT AGREEMENTS; OTHER REGISTRATION RIGHTS.  The Company
will not hereafter enter into any agreement with respect to its securities that
is inconsistent with the rights granted to the Holders of Registrable Securities
in this Agreement. Without limiting the generality of the foregoing, the Company
will not hereafter enter into any agreement with respect to its securities that
grants, or modify any existing agreement with respect to its securities to
grant, to any holder of its securities (x) a right to demand registration of
such securities or (y) "piggyback" registration rights with priority equal to or
greater than the rights granted to the Designated Holders under Section 4(a).

    (c)  REMEDIES.  The Holders, in addition to being entitled to exercise all
rights granted by law, including recovery of damages, shall be entitled to
specific performance of their rights under this Agreement. The Company agrees
that monetary damages would not be adequate compensation for any

                                       9
<PAGE>
loss incurred by reason of a breach by it of the provisions of this Agreement
and hereby agrees to waive in any action for specific performance the defense
that a remedy at law would be adequate.

    (d)  AMENDMENTS AND WAIVERS.  Except as otherwise provided herein, the
provisions of this Agreement may not be amended, modified or supplemented, and
waivers or consents to departures from the provisions of such section may not be
given unless the Company has obtained the prior written consent of (i) Parent
and (ii) the Holders holding more than 50% of the Registrable Securities.

    (e)  NOTICES.  All notices, demands and other communications provided for or
permitted hereunder shall be made in writing and shall be by registered or
certified first-class mail, return receipt requested, telecopier, courier
service or personal delivery:

       (i) if to Parent:

           [            ]
           [            ]
           [            ]

           Telecopier No.: (212) 757-3990
           Attention:       [            ]

       with a copy to:

           Paul, Weiss, Rifkind, Wharton & Garrison
           1285 Avenue of the Americas
           New York, New York 10019-6064
           Telephone No.: (212) 373-3117
           Telecopier No.: (212) 757-3990
           Attention: Robert B. Schumer

       (ii) if to Newco:

           [            ]
           [            ]
           Telephone No.:
           Telecopier No.:

        (iii) if to any Holder, to its, his or her address as it appears on the
              record books of the Company.

    All such notices and communications shall be deemed to have been duly given:
when delivered by hand, if personally delivered; when delivered by courier, if
delivered by commercial overnight courier service; five Business Days after
being deposited in the mail, postage prepaid, if mailed; and when receipt is
acknowledged, if telecopied.

    (f)  SUCCESSORS AND ASSIGNS.  This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of the parties hereto.
  Notwithstanding any transfer of such rights, all of the obligations of the
Company hereunder shall survive any such transfer and shall continue to inure to
the benefit of all transferees.

    (g)  COUNTERPARTS.  This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

    (h)  HEADINGS.  The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

    (i)  GOVERNING LAW.  This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to the
principles of conflicts of law of such State.

                                       10
<PAGE>
    (j)  JURISDICTION.  Each party to this Agreement hereby irrevocably agrees
that any legal action or proceeding arising out of or relating to this Agreement
or any agreements or transactions contemplated hereby may be brought in the
courts of the State of New York or of the United States of America for the
Southern District of New York and hereby expressly submits to the personal
jurisdiction and venue of such courts for the purposes thereof and expressly
waives any claim of improper venue and any claim that such courts are an
inconvenient forum. Each party hereby irrevocably consents to the service of
process of any of the aforementioned courts in any such suit, action or
proceeding by the mailing of copies thereof by registered or certified mail,
postage prepaid, to the address set forth in Section 10(e), such service to
become effective 10 days after such mailing.

    (k)  SEVERABILITY.  If any one or more of the provisions contained herein,
or the application thereof in any circumstance, is held invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions hereof shall not be in any way impaired, it being intended that all
of the rights and privileges of the Holders shall be enforceable to the fullest
extent permitted by law.

    (l)  ENTIRE AGREEMENT.  This Agreement is intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the subject matter contained herein. There are no restrictions, promises,
warranties or undertakings in respect of the subject matter contained herein,
other than those set forth or referred to herein. This Agreement supersedes all
prior agreements and understandings between the parties with respect to such
subject matter.

    (m)  FURTHER ASSURANCES.  Each of the parties shall execute such documents
and perform such further acts as may be reasonably required or desirable to
carry out or to perform the provisions of this Agreement.

    IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed and delivered by their respective officers hereunto duly authorized on
the date first above written.

                                          USANi SUB LLC

                                          By
              ------------------------------------------------------------------
                                             Name:
                                             Title:

                                          NEWCO

                                          By
              ------------------------------------------------------------------
                                             Name:
                                             Title:

                                       11<PAGE>
                                                                    EXHIBIT 10.1

                              MEDIA WARRANT AGREEMENT
                                    between
                                    [NEWCO],
                                   as Issuer,
                                      and
                              USA NETWORKS, INC.,
                                as Warrantholder
                        Dated as of [            ], 2000
<PAGE>
                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                PAGE
                                                              --------
<S>                                                           <C>
SECTION 1. Definitions......................................      1
SECTION 2. The Warrants.....................................      5
SECTION 3. Exercise.........................................      5
SECTION 4. Payment of Taxes.................................      7
SECTION 5. Replacement Warrant..............................      7
SECTION 6. Reservation of Class B Common Stock and Other
  Covenants.................................................      7
SECTION 8. No Dilution or Impairment........................     15
SECTION 9. Transfers of the Warrant.........................     16
SECTION 10. Survival of Provisions..........................     17
SECTION 11. Delays, Omissions and Indulgences...............     17
SECTION 12. Rights of Transferees...........................     17
SECTION 13. Captions........................................     17
SECTION 14. Notices.........................................     17
SECTION 15. Successors and Assigns..........................     18
SECTION 16. Severability....................................     18
SECTION 17. Governing Law...................................     18
SECTION 19. Entire Agreement; Amendment.....................     19
SECTION 20. Rules of Construction...........................     19
</TABLE>

<PAGE>
                            MEDIA WARRANT AGREEMENT

    MEDIA WARRANT AGREEMENT, dated as of       , 2000, between [Newco], a
Delaware corporation (the "COMPANY"), and USA Networks, Inc., a Delaware
corporation (the "WARRANTHOLDER").

                                  WITNESSETH:

    WHEREAS, Styleclick.com, Inc., a California corporation ("STYLECLICK"), and
USANi Sub LLC, a Delaware limited liability company ("PARENT"), have entered
into an Agreement and Plan of Merger, dated as of January 24, 2000 (the "MERGER
AGREEMENT"), which provides for, among other things, the merger of Styleclick
(the "MERGER") with a wholly owned subsidiary of the Company and the concurrent
contribution by Parent to the Company of all of the outstanding limited
liability interests of Internet Shopping Network LLC, a Delaware limited
liability company ("ISN");

    WHEREAS, concurrently with the execution hereof, the Warrantholder has
executed the Media Commitment (as defined below);

    WHEREAS, as a condition to the willingness of the parties to enter into the
Merger Agreement and the Media Commitment, the Company has agreed to issue a
warrant (the "WARRANT") to purchase shares of Class B Common Stock (as defined
below) to the Warrantholder prior to the Closing (as defined in the Merger
Agreement);

    WHEREAS, the Company proposes to issue a certificate evidencing the Warrant
(such warrant certificate issued pursuant to this Agreement being hereinafter
referred to as the "WARRANT CERTIFICATE"); and

    WHEREAS, the Company and Warrantholder desire to set forth in this
Agreement, among other things, the form and provisions of the Warrant
Certificate and the terms and conditions under which it may be issued,
transferred, exchanged, replaced and surrendered in connection with the exercise
of the Warrant.

    NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto hereby agree as follows:

    SECTION 1.  DEFINITIONS.  As used herein, the following terms shall have the
following meanings.

    "AFFILIATE" means, with respect to any Person, any other Person that,
directly or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, such first Person. The term
"control" means possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through
the ownership of voting securities, by contract or otherwise.

    "AGGREGATE EXERCISE PRICE" has the meaning assigned thereto in
Section 3(b).

    "BUSINESS DAY" means any day other than a day on which (i) banks in the
State of New York are authorized or obligated to be closed or (ii) the New York
Stock Exchange is closed.

    "BOARD OF DIRECTORS" means the Board of Directors of the Company.

    "CAPITAL STOCK" means (a) in the case of a corporation, capital stock,
(b) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of
capital stock, (c) in the case of a partnership, partnership interests (whether
general or limited), (d) in the case of a limited liability company, membership
interests and (e) any other interest or participation that confers on a Person
the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person.

    "CASHLESS EXERCISE" has the meaning assigned thereto in Section 3(c).

                                       1
<PAGE>
    "CHARTER DOCUMENTS" means the Certificate of Incorporation and the Bylaws of
the Company, as amended or supplemented from time to time.

    "CLASS A COMMON STOCK" means the Class A Common Stock, par value $0.01 per
share, of the Company.

    "CLASS B COMMON STOCK" means the Class B Common Stock, par value $0.01 per
share, of the Company.

    "COMMON STOCK" means (a) the Class A Common Stock and the Class B Common
Stock, (b) any other Capital Stock into which such Common Stock is reclassified
or reconstituted and (c) in the case of any reorganization, reclassification,
consolidation, merger, or sale of the character referred to in Section 7(e)
hereof, the stock or other securities or property provided for in such Section.

    "COMMON STOCK DEEMED OUTSTANDING" shall mean the number of shares of Common
Stock actually outstanding (not including shares of Common Stock held in the
treasury of the Company), plus (x) in case of any adjustment required by
Section 7(a) resulting from the issuance of any Options, the maximum total
number of shares of Common Stock issuable upon the exercise of the Options for
which the adjustment is required (including any Common Stock issuable upon the
conversion of Convertible Securities issuable upon the exercise of such
Options), and (y) in the case of any adjustment required by Section 7(a)
resulting from the issuance of any Convertible Securities, the maximum total
number of shares of Common Stock issuable upon the exercise, conversion or
exchange of the Convertible Securities for which the adjustment is required, as
of the date of issuance of such Convertible Securities, if any.

    "CONVERTIBLE SECURITIES" means evidences of indebtedness, shares of stock or
other securities which are directly or indirectly convertible or exchangeable,
with or without payment of additional consideration in cash or property, for
shares of Common Stock, either immediately or upon the onset of a specified date
or the happening of a specified event.

    "DISTRIBUTION" has the meaning assigned thereto in Section 7(f).

    "ELECTION TO PURCHASE" has the meaning assigned thereto in Section 3(a).

    "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder.

    "EXERCISE AMOUNT" has the meaning assigned thereto in Section 3(a).

    "EXERCISE PRICE" has the meaning assigned thereto in Section 2.

    "EXPIRATION DATE" means the tenth (10th) anniversary of the date hereof.

    "MARKET PRICE" as of any date, (i) means the average of the daily closing
bid prices for the shares of Class A Common Stock as reported to The Nasdaq
National Market for the trading day immediately preceding such date, or (ii) if
The Nasdaq National Market is not the principal trading market for the Class A
Common Stock, the average of the last reported bid prices on the principal
trading market for the Class A Common Stock during the same period, or, if there
is no bid price for such period, the last reported sales price for such period,
or (iii) if market value cannot be calculated as of such date on any of the
foregoing bases, the Market Price shall be the average fair market value as
reasonably determined by an investment banking firm selected by the Company and
reasonably acceptable to the Holders of a majority in interest of the Warrants,
with the costs of the appraisal to be borne by the Company.

    "MEDIA COMMITMENT" means the agreement between ISN and the Warrantholder in
the Merger Agreement pursuant to which the Warrantholder will commit to provide
to ISN $10 million of Media Value from the Network over a period ending on the
third anniversary of the closing of the Merger.

                                       2
<PAGE>
    "MEDIA VALUE" means advertising time on the Network computed on a net basis
at fair market value rates, which shall determined by taking into account recent
sales by the Network of comparable size, volume and desired time in similar
product categories; PROVIDED that any determination of Media Value shall be made
in good faith by the Warrantholder, which determination shall be conclusive and
binding for purposes of this Agreement.

    "NASDAQ" means the National Association of Securities Dealers Automated
Quotation System.

    "NETWORK" means the network of media properties of Warrantholder, including
USA Network, SciFi Channel, USA Broadcasting, Ticketmaster, Home Shopping
Network, Sci-Fi.com, USA Networks.com, USA Studios.com and USA Films.com and
others as they may exist from time to time.

    "PERSON" means any individual, corporation, partnership, firm, group (as
such term is used in Section 13(d)(3) of the Exchange Act), joint venture,
association, trust, limited liability company, unincorporated organization,
estate, trust or other entity.

    "PRINCIPAL OFFICE" means the Company's principal office as set forth in
Section 14 hereof or such other principal office of the Company in the United
States of America the address of which first shall have been set forth in a
notice to the Warrantholder.

    "REGISTRATION RIGHTS AGREEMENT" means the Registration Rights Agreement,
dated as of [      ], 2000, among the Company, the Warrantholder and Parent, as
amended, restated, supplemented or otherwise modified from time to time.

    "REGULATORY REQUIREMENT" has the meaning assigned thereto in Section 6(c).

    "SEC" means the Securities and Exchange Commission.

    "SECURITIES ACT" means the Securities Act of 1933, as amended, and the rules
and regulations promulgated thereunder.

    "SIGNIFICANT STOCKHOLDER" means any stockholder of the Company that,
together with its Affiliates, beneficially owns more than 50% of the then
outstanding voting securities of the Company.

    "STOCKHOLDERS AGREEMENT" means the Stockholders Agreement, dated as of
[            ], 2000, among the Company, the Warrantholder, Parent and the other
stockholders named therein, as amended, restated, supplemented or otherwise
modified from time to time.

    "SUBSIDIARY" of any Person means any corporation, partnership, joint venture
or other legal entity of which such Person (either directly or through or
together with any other Subsidiary of such Person), owns, directly or
indirectly, 50% or more of the stock or other equity interests the holders of
which are generally entitled to vote for the election of the board of directors
or similar governing body of such corporation, partnership, joint venture or
other legal entity.

    "WARRANT SHARES" means (a) the shares of Class B Common Stock issued or
issuable upon exercise of the Warrant in accordance with its terms and (b) all
other shares of the Company's capital stock issued with respect to such shares
by way of stock dividend, stock split or other reclassification or in connection
with any merger, consolidation, recapitalization or other reorganization
affecting the Company's Capital Stock.

    SECTION 2.  THE WARRANTS.

    Subject to the terms and conditions of this Agreement, the Company hereby
issues and delivers to the Warrantholder a warrant, substantially in the form of
Exhibit A hereto, to purchase 12,867,606 shares of fully paid and nonassessable
Class B Common Stock at a price per share equal to $11.50 (the "EXERCISE
PRICE").

                                       3
<PAGE>
    SECTION 3.  EXERCISE.

    (a) METHOD OF EXERCISE. From time to time on or before the Expiration Date,
       the Warrantholder, in accordance with the terms hereof, may exercise the
       Warrant, in whole or in part. The Warrantholder shall effect any such
       exercise by delivering the Warrant to the Company during normal business
       hours on any Business Day at the Company's Principal Office, together
       with the Election to Purchase, substantially in the form of Exhibit B
       hereto (the "ELECTION TO PURCHASE"), duly executed, and payment, in
       accordance with Section 3(b), of the Exercise Price for the number of
       Warrant Shares (the "EXERCISE AMOUNT") to be so purchased, as specified
       in the Election to Purchase. If the Expiration Date is not a Business
       Day, then the Warrant may be exercised on the next succeeding Business
       Day.

    (b) PAYMENT OF EXERCISE PRICE. Payment of the Aggregate Exercise Price (as
       defined below) shall be made to the Company in cash or other immediately
       available funds or as provided in Sections 3(c) or 3(d), or a combination
       thereof, with respect to any exercise of the Warrant. In the case of
       payment of all or a portion of the Aggregate Exercise Price pursuant to
       Sections 3(c) or 3(d), the direction by the Warrantholder to make a
       Cashless Exercise or Media Commitment Exercise, respectively, shall serve
       as accompanying payment for such portion of the Aggregate Exercise Price.
       The amount to be paid (the "AGGREGATE EXERCISE PRICE") shall equal the
       product of (a) the Exercise Amount multiplied by (b) the Exercise Price.

    (c) CASHLESS EXERCISE. The Warrantholder shall have the right, but no
       obligation, to pay all or a portion of the Aggregate Exercise Price by
       making a cashless exercise pursuant to this Section 3(c) (a "CASHLESS
       EXERCISE"), in which case the portion of the Aggregate Exercise Price to
       be so paid shall be deemed paid in full by the reduction of the number of
       Warrant Shares otherwise issuable pursuant to the Election to Purchase by
       that number of Warrant Shares equal to the quotient obtained by dividing
       (x) the value of the Warrant at the time of exercise (determined by
       subtracting (a) the Aggregate Exercise Price in effect immediately prior
       to exercise from (b) the aggregate Market Price immediately prior to
       exercise) by (y) the Market Price immediately prior to exercise.

    (d) MEDIA COMMITMENT EXERCISE. The Warrantholder shall have the right, but
       no obligation, to pay up to 50% of the Aggregate Exercise Price by making
       a media commitment exercise pursuant to this Section 3(d) (a "MEDIA
       COMMITMENT EXERCISE"), in which case the portion of the Aggregate
       Exercise Price to be so paid shall be deemed paid in full by increasing
       the amount of Media Value available under the Media Commitment by such
       portion of the Aggregate Exercise Price, with such additional Media Value
       being made available over the three year period beginning on the date of
       exercise pursuant to this Section 3(d).

    (e) ISSUANCE OF SHARES OF COMMON STOCK. Upon receipt by the Company of the
       Warrant at its Principal Office in proper form for exercise, and
       accompanied by payment of the Aggregate Exercise Price as aforesaid and,
       in the case of any payment pursuant to Section 3(d) above, accompanied by
       reasonably satisfactory evidence of such increased Media Value
       commitment, the Warrantholder shall be deemed to be the holder of record
       of the shares of Class B Common Stock issuable upon such exercise,
       notwithstanding that certificates representing such shares of Class B
       Common Stock may not then be actually delivered. Upon surrender of the
       Warrant and payment of the Aggregate Exercise Price as aforesaid, the
       Company shall issue and cause to be delivered with all reasonable
       dispatch to, or upon the written order of, the Warrantholder (and in such
       name or names as the Warrantholder may designate) a certificate or
       certificates for the Exercise Amount, subject to any reduction as
       provided in Section 3(c) for a Cashless Exercise.

    (f) FRACTIONAL SHARES. The Company shall not be required to deliver
       fractions of shares of Class B Common Stock upon exercise of the Warrant.
       If any fraction of a share of Class B Common

                                       4
<PAGE>
       Stock would be deliverable upon exercise of the Warrant, the Company may,
       in lieu of delivering such fraction of a share of Class B Common Stock,
       make a cash payment to the Warrantholder in an amount equal to the same
       fraction of the Market Price determined as of the Business Day
       immediately preceding the date of exercise of the Warrant.

    (g) PARTIAL EXERCISE. In the event of a partial exercise of the Warrant, the
       Company shall issue to the Warrantholder a Warrant in like form for the
       unexercised portion thereof.

    SECTION 4.  PAYMENT OF TAXES.

    The Company shall pay all stamp taxes attributable to the initial issuance
of shares or other securities issuable upon the exercise of the Warrant or
issuable pursuant to Section 7 hereof, excluding any tax or taxes which may be
payable because of the transfer involved in the issuance or delivery of any
certificates for shares of Class B Common Stock or other securities in a name
other than that of the Warrantholder in respect of which such shares or
securities are issued.

    SECTION 5.  REPLACEMENT WARRANT.

    If the Warrant is mutilated, lost, stolen or destroyed, the Company shall
issue and deliver in exchange and substitution for and upon cancellation of the
mutilated Warrant, or in lieu of and in substitution for the Warrant lost,
stolen or destroyed, a new Warrant of like tenor and representing an equivalent
right or interest, but only upon receipt of evidence reasonably satisfactory to
the Company of such loss, theft or destruction of such Warrant and upon receipt
of indemnity reasonably satisfactory to the Company.

    SECTION 6.  RESERVATION OF CLASS B COMMON STOCK AND OTHER COVENANTS.

        (a)  RESERVATION OF AUTHORIZED CLASS B COMMON STOCK.  The Company shall
    at all times reserve and keep available out of the aggregate of its
    authorized but unissued shares, free of preemptive rights, such number of
    its duly authorized shares of Class B Common Stock, or other stock or
    securities deliverable pursuant to Section 7 hereof, as shall be sufficient
    to enable the Company at any time to fulfill all of its obligations under
    this Agreement and the Warrant.

        (b)  AFFIRMATIVE ACTIONS TO PERMIT EXERCISE AND REALIZATION OF
    BENEFITS.  If any shares of Class B Common Stock reserved or to be reserved
    for the purpose of exercise of the Warrant, or any shares or other
    securities reserved or to be reserved for the purpose of issuance pursuant
    to Section 7 hereof, require registration with or approval (other than as a
    result of a Regulatory Requirement contemplated by Section 6(c)) of any
    governmental authority under any federal or state law (including approvals
    or expirations of waiting periods required under the Hart-Scott-Rodino
    Antitrust Improvements Act, but excluding the Securities Act and any state
    securities or "blue sky" laws) before such shares or other securities may be
    validly delivered upon exercise of the Warrant, then the Company and the
    Warrantholder shall cooperate with each other so that each may prepare and
    file notification and report forms in compliance with such law and shall
    otherwise fully comply with the requirements of such law, to the extent
    required in connection with the exercise of the Warrant. The Company shall
    bear all expenses in connection with the filing of such forms.

        (c)  REGULATORY REQUIREMENTS AND RESTRICTIONS.  In the event of any
    reasonable determination by the Warrantholder that, by reason of any
    existing or future federal or state law, statute, rule, regulation,
    guideline, order, court or administrative ruling, request or directive
    (whether or not having the force of law and whether or not failure to comply
    therewith would be unlawful) (a "REGULATORY REQUIREMENT"), the Warrantholder
    is effectively restricted or prohibited from holding the Warrant or the
    related Warrant Shares (including any shares of capital stock or other
    securities

                                       5
<PAGE>
    distributable to the Warrantholder in any merger, reorganization,
    readjustment or other reclassification), or otherwise realize upon or
    receive the benefits intended under the Warrant, the Company shall, and
    shall use its commercially reasonable efforts to have its stockholders, take
    such action as the Warrantholder may deem reasonably necessary to permit the
    Warrantholder to comply with such Regulatory Requirement. The costs of
    taking such action shall be shared equally by the Company and the
    Warrantholder. Such action to be taken may include the Company's
    authorization of one or more new classes of capital stock for which the
    Warrant may be exercised or the adoption of such modifications and
    amendments to the Charter Documents, this Agreement, the Warrant or any
    other documents and instruments related to or executed in connection
    herewith or with the Warrant as may be deemed reasonably necessary by the
    Warrantholder. The Warrantholder shall give written notice to the Company of
    any such determination and the action or actions necessary to comply with
    such Regulatory Requirement, which notice and determination shall be
    conclusive absent manifest error, and the Company shall take all
    commercially reasonable steps necessary to comply with such determination as
    expeditiously as possible.

        (d)  VALIDLY ISSUED SHARES.  The Company covenants that all shares of
    Class B Common Stock or other securities that may be delivered upon exercise
    of the Warrant (including those issued pursuant to Section 7 hereof) shall,
    upon delivery by the Company, be duly authorized and validly issued, fully
    paid and nonassessable, free from all taxes, liens and charges with respect
    to the issue or delivery thereof and otherwise free of all other security
    interests, encumbrances and claims of any nature whatsoever.

    SECTION 7.  ANTIDILUTION PROVISIONS.  Prior to the Expiration Date or until
the Warrant is fully exercised, the Exercise Price and the number of Warrant
Shares shall be subject to adjustment from time to time as provided in this
Section 7. In the event that any adjustment of the Exercise Price as required
herein results in a fraction of a cent, such Exercise Price shall be rounded up
or down to the nearest cent.

        (a)  ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES UPON ISSUANCE OF
    COMMON STOCK. Except as otherwise provided in Section 7(c) and 7(e) hereof,
    if and whenever after the initial issuance of this Warrant, the Company
    issues or sells, or in accordance with Section 7(b) hereof is deemed to have
    issued or sold, any shares of Common Stock for no consideration or for a
    consideration per share less than the Market Price on the date of issuance
    (a "Dilutive Issuance"), then effective immediately upon the Dilutive
    Issuance, the Exercise Price will be adjusted in accordance with the
    following formula:

E' = (E) (O + P/M) / (CSDO)

<TABLE>
<S>     <C>   <C>  <C>
where:
        E'    =    the adjusted Exercise Price;
        E     =    the then current Exercise Price;
        M     =    the then current Market Price;
        O     =    the number of shares of Common Stock outstanding immediately
                   prior to the Dilutive Issuance;
        P     =    the aggregate consideration, calculated as set forth in
                   Section 7(b) hereof, received by the Company upon such
                   Dilutive Issuance; and
        CSDO  =    the total number of shares of Common Stock Deemed
                   Outstanding immediately after the Dilutive Issuance.
</TABLE>

        (b)  EFFECT ON EXERCISE PRICE OF CERTAIN EVENTS.  For purposes of
    determining the adjusted Exercise Price under Section 7(a) hereof, the
    following will be applicable:

           (i)  ISSUANCE OF RIGHTS OR OPTIONS.  If the Company in any manner
       issues or grants any warrants, rights or options, whether or not
       immediately exercisable, to subscribe for or to

                                       6
<PAGE>
       purchase Common Stock or other securities exercisable, convertible into
       or exchangeable for Common Stock ("CONVERTIBLE SECURITIES"), but not to
       include the grant or exercise of any stock or options which may hereafter
       be granted or exercised under any employee or director benefit plan of
       the Company now existing or to be implemented in the future, so long as
       the issuance of such stock or options is approved by a majority of the
       non-employee members of the Board of Directors or a majority of the
       members of a committee of non-employee directors established for such
       purpose (such warrants, rights and options to purchase Common Stock or
       Convertible Securities are hereinafter referred to as "OPTIONS"), and the
       price per share for which Common Stock is issuable upon the exercise of
       such Options is less than the Market Price on the date of issuance
       ("BELOW MARKET OPTIONS"), then the maximum total number of shares of
       Common Stock issuable upon the exercise of all such Below Market Options
       (assuming full exercise, conversion or exchange of Convertible
       Securities, if applicable) will, as of the date of the issuance or grant
       of such Below Market Options, be deemed to be outstanding and to have
       been issued and sold by the Company for such price per share. For
       purposes of the preceding sentence, the price per share for which Common
       Stock is issuable upon the exercise of such Below Market Options is
       determined by dividing (A) the total amount, if any, received or
       receivable by the Company as consideration for the issuance or granting
       of such Below Market Options, plus the minimum aggregate amount of
       additional consideration, if any, payable to the Company upon the
       exercise of all such Below Market Options, plus, in the case of
       Convertible Securities issuable upon the exercise of such Below Market
       Options, the minimum aggregate amount of additional consideration payable
       upon the exercise, conversion or exchange thereof at the time such
       Convertible Securities first become exercisable, convertible or
       exchangeable, by (B) the maximum total number of shares of Common Stock
       issuable upon the exercise of all such Below Market Options (assuming
       full conversion of Convertible Securities, if applicable). No further
       adjustment to the Exercise Price will be made upon the actual issuance of
       such Common Stock upon the exercise of such Below Market Options or upon
       the exercise, conversion or exchange of Convertible Securities issuable
       upon exercise of such Below Market Options.

           (ii)  ISSUANCE OF CONVERTIBLE SECURITIES.

               (A) If the Company in any manner issues or sells any Convertible
           Securities, whether or not immediately convertible (other than where
           the same are issuable upon the exercise of Options) and the price per
           share for which Common Stock is issuable upon such exercise,
           conversion or exchange (as determined pursuant to
           Section 7(b)(ii)(B) if applicable) is less than the Market Price on
           the date of issuance, then the maximum total number of shares of
           Common Stock issuable upon the exercise, conversion or exchange of
           all such Convertible Securities will, as of the date of the issuance
           of such Convertible Securities, be deemed to be outstanding and to
           have been issued and sold by the Company for such price per share.
           For the purposes of the preceding sentence, the price per share for
           which Common Stock is issuable upon such exercise, conversion or
           exchange is determined by dividing (I) the total amount, if any,
           received or receivable by the Company as consideration for the
           issuance or sale of all such Convertible Securities, plus the minimum
           aggregate amount of additional consideration, if any, payable to the
           Company upon the exercise, conversion or exchange thereof at the time
           such Convertible Securities first become exercisable, convertible or
           exchangeable, by (II) the maximum total number of shares of Common
           Stock issuable upon the exercise, conversion or exchange of all such
           Convertible Securities. No further adjustment to the Exercise Price
           will be made upon the actual issuances of such Common Stock upon
           exercise, conversion or exchange of such Convertible Securities.

                                       7
<PAGE>
               (B) If the Company in any manner issues or sells any Convertible
           Securities with a fluctuating conversion or exercise price or
           exchange ratio (a "VARIABLE RATE CONVERTIBLE SECURITY"), then the
           price per share for which Common Stock is issuable upon such
           exercise, conversion or exchange for purposes of the calculation
           contemplated by Section 7(b)(ii)(A) shall be deemed to be the lowest
           price per share which would be applicable assuming that (I) all
           holding period and other conditions to any discounts contained in
           such Convertible Security have been satisfied, and (II) the Market
           Price on the date of issuance of such Convertible Security was 80% of
           the Market Price on such date (the "Assumed Variable Market Price").

           (iii)  CHANGE IN OPTION PRICE OR CONVERSION RATE.  Except for the
       grant or exercise of any stock or options which may hereafter be granted
       or exercised under any employee or director benefit plan of the Company
       now existing or to be implemented in the future, so long as the issuance
       of such stock or options is approved by a majority of the non-employee
       members of the Board of Directors of the Company or a majority of the
       members of a committee of non-employee directors established for such
       purpose, if there is a change at any time in (A) the amount of additional
       consideration payable to the Company upon the exercise of any Options;
       (B) the amount of additional consideration, if any, payable to the
       Company upon the exercise, conversion or exchange or any Convertible
       Securities; or (C) the rate at which any Convertible Securities are
       convertible into or exchangeable for Common Stock (other than under or by
       reason of provisions designed to protect against dilution), the Exercise
       Price in effect at the time of such change will be readjusted to the
       Exercise Price which would have been in effect at such time had such
       Options or Convertible Securities still outstanding provided for such
       changed additional consideration or changed conversion rate, as the case
       may be, at the time initially granted, issued or sold.

           (iv)  TREATMENT OF EXPIRED OPTIONS AND UNEXERCISED CONVERTIBLE
       SECURITIES.  If, in any case, the total number of shares of Common Stock
       issuable upon exercise of any Options or upon exercise, conversion or
       exchange of any Convertible Securities is not, in fact, issued and the
       rights to exercise such option or to exercise, convert or exchange such
       Convertible Securities shall have expired or terminated, the Exercise
       Price then in effect will be readjusted to the Exercise Price which would
       have been in effect at the time of such expiration or termination had
       such Options or Convertible Securities, to the extent outstanding
       immediately prior to such expiration or termination (other than in
       respect of the actual number of shares of Common Stock issued upon
       exercise or conversion thereof), never been issued.

           (v)  CALCULATION OF CONSIDERATION RECEIVED.  If any Common Stock,
       Options or Convertible Securities are issued, granted or sold for cash,
       the consideration received therefor for purposes of this Warrant will be
       the amount received by the Company therefor, before deduction of
       reasonable commissions, underwriting discounts or allowances or other
       reasonable expenses paid or incurred by the Company in connection with
       such issuance, grant or sale. In case any Common Stock, Options or
       Convertible Securities are issued or sold for a consideration part or all
       of which shall be other than cash, the amount of the consideration other
       than cash received by the Company will be the fair market value of such
       consideration except where such consideration consists of
       freely-tradeable securities, in which case the amount of consideration
       received by the Company will be the Market Price thereof as of the date
       of receipt. The fair market value of any consideration other than cash or
       securities will be determined in the good faith reasonable business
       judgment of the Board of Directors.

           (vi)  EXCEPTIONS TO ADJUSTMENT OF EXERCISE PRICE.  No adjustment to
       the Exercise Price will be made (i) upon the exercise of any warrants,
       options or convertible securities issued and outstanding on the date
       hereof in accordance with the terms of such securities as of such date;
       (ii) upon the grant or exercise of any stock or options which may
       hereafter be granted or

                                       8
<PAGE>
       exercised under any employee or director benefit plan of the Company now
       existing or to be implemented in the future, so long as the issuance of
       such stock or options is approved by a majority of the non-employee
       members of the Board of Directors or a majority of the members of a
       committee of non-employee directors established for such purpose;
       (iii) upon the exercise of the Warrants or (iv) upon the issuance of
       Common Stock or other Capital Stock of the Company as consideration in an
       acquisition of a third party or in connection with a merger with a third
       party; provided that, with respect to clause (iv), such third party is
       not a controlled Affiliate of the Company or such transaction (A) has
       been approved by a special committee of the Board of Directors comprised
       solely of independent directors and such special committee has
       recommended that the stockholders of the Company vote in favor thereof
       and (B) the Company has received from a nationally recognized investment
       banking firm a written opinion addressed to such special committee, for
       inclusion in the proxy statement to be delivered to the stockholders,
       substantially to the effect that such transaction is fair to Newco or to
       Newco's stockholders (other than any Significant Stockholder) from a
       financial point of view.

        (c)  SUBDIVISION OR COMBINATION OF COMMON STOCK.  If the Company, at any
    time after the initial issuance of this Warrant, subdivides (by any stock
    split, stock dividend, recapitalization, reorganization, reclassification or
    otherwise) its shares of Common Stock into a greater number of shares, then,
    after the date of record for effecting such subdivision, the Exercise Price
    in effect immediately prior to such subdivision will be proportionately
    reduced. If the Company, at any time after the initial issuance of this
    Warrant, combines (by reverse stock split, recapitalization, reorganization,
    reclassification or otherwise) its shares of Common Stock into a smaller
    number of shares, then, after the date of record for effecting such
    combination, the Exercise Price in effect immediately prior to such
    combination will be proportionately increased.

        (d)  ADJUSTMENT IN NUMBER OF SHARES.  Upon each adjustment of the
    Exercise Price pursuant to the provisions of this Section 7, the number of
    shares of Class B Common Stock issuable upon exercise of this Warrant shall
    be adjusted by multiplying a number equal to the Exercise Price in effect
    immediately prior to such adjustment by the number of shares of Class B
    Common Stock issuable upon exercise of this Warrant immediately prior to
    such adjustment and dividing the product so obtained by the adjusted
    Exercise Price.

        (e)  MAJOR TRANSACTIONS.  If the Company shall consolidate or merge with
    any other corporation or entity (other than a merger in which the Company is
    the surviving or continuing entity and its capital stock is unchanged and
    unissued in such transaction (except for Common Stock constituting less than
    twenty percent (20%) of the Company's Common Stock then outstanding)) or any
    subsidiary of the Company shall be a party to a merger or consolidation or
    other extraordinary transaction and the Company issues twenty percent (20%)
    or more of its Common Stock in any such merger, consolidation or other
    transaction or there shall occur any share exchange pursuant to which all of
    the outstanding shares of Common Stock are converted into other securities
    or property or any reclassification or change of the outstanding shares of
    Common Stock (each of the foregoing being a "MAJOR TRANSACTION"), then the
    Warrantholder may thereafter, at its option, be entitled, at its election,
    either to (a) in the event that the Common Stock remains outstanding or
    holders of Common Stock receive any common stock or substantially similar
    equity interest, in each of the foregoing cases which is publicly traded,
    retain its Warrant and the Warrant shall continue to apply to such Common
    Stock or shall apply, as nearly as practicable, to such other common stock
    or equity interest, as the case may be, or (b) regardless of whether
    (a) applies, receive consideration, in exchange for the Warrant, equal to
    the number of shares of stock or securities or property of the Company, or
    of the entity resulting from such Major Transaction (the "MAJOR TRANSACTION
    CONSIDERATION"), to which a holder of the number of shares of Class B Common
    Stock delivered upon the exercise of the Warrant would have been entitled
    upon such Major

                                       9
<PAGE>
    Transaction had the Warrantholder exercised the Warrant (without regard to
    any limitations on conversion or elsewhere contained) on the trading date
    immediately preceding the public announcement of the transaction resulting
    in such Major Transaction and had such Class B Common Stock been issued and
    outstanding and had the Warrantholder been the holder of record of such
    Class B Common Stock at the time of the consummation of such Major
    Transaction, and the Company shall make lawful provision for the foregoing
    as a part of such Major Transaction; and shall cause the issuer of any
    security in such transaction which constitutes Registrable Securities under
    the Registration Rights Agreement to assume all of the Company's obligations
    under the Registration Rights Agreement. No sooner than ten Business Days
    nor later than five Business Days prior to the consummation of the Major
    Transaction, but not prior to the public announcement of such Major
    Transaction, the Company shall deliver written notice ("NOTICE OF MAJOR
    TRANSACTION") to the Warrantholder, which Notice of Major Transaction shall
    be deemed to have been delivered one Business Day after the Company's
    sending such notice by telecopy (provided that the Company sends a
    confirming copy of such notice on the same day by overnight courier) of such
    Notice of Major Transaction. Such Notice of Major Transaction shall indicate
    the amount and type of the Major Transaction Consideration which the
    Warrantholder would receive under this Section. If the Major Transaction
    Consideration does not consist entirely of United States currency, such
    holder may elect to receive United States currency in an amount equal to the
    value of the Major Transaction Consideration in lieu of the Major
    Transaction Consideration by delivering notice of such election to the
    Company within five Business Days of such holder's receipt of the Notice of
    Major Transaction.

        (f)  DISTRIBUTION OF ASSETS.  In case the Company shall declare or make
    any distribution of its assets (or rights to acquire its assets) to holders
    of Common Stock as a partial liquidating dividend, by way of return of
    capital or otherwise (including any dividend or distribution to the
    Company's shareholders of cash or shares (or rights to acquire shares) of
    capital stock of a subsidiary) (a "Distribution"), at any time after the
    initial issuance of this Warrant, then the Warrantholder shall be entitled
    upon exercise of this Warrant for the purchase of any or all of the shares
    of Common Stock subject hereto, to receive the amount of such assets (or
    rights) which would have been payable to the Warrantholder had the
    Warrantholder been the holder of such shares of Common Stock on the record
    date for the determination of shareholders entitled to such Distribution.

        (g)  NOTICES OF ADJUSTMENT.  Upon the occurrence of any event which
    requires any adjustment of the Exercise Price, then, and in each such case,
    the Company shall give notice thereof to the Warrantholder, which notice
    shall state the Exercise Price resulting from such adjustment and the
    increase or decrease in the number of Warrant Shares purchasable at such
    price upon exercise, setting forth in reasonable detail the method of
    calculation and the facts upon which such calculation is based. Such
    calculation shall be certified by the chief financial officer of the
    Company.

        (h)  MINIMUM ADJUSTMENT OF EXERCISE PRICE.  No adjustment of the
    Exercise Price shall be made in an amount of less than 1% of the Exercise
    Price in effect at the time such adjustment is otherwise required to be
    made, but any such lesser adjustment shall be carried forward and shall be
    made at the time and together with the next subsequent adjustment which,
    together with any adjustments so carried forward, shall amount to not less
    than 1% of such Exercise Price.

        (i)  NO FRACTIONAL SHARES.  No fractional shares of Class B Common Stock
    are to be issued upon the exercise of this Warrant, but the Company shall
    pay a cash adjustment in respect of any fractional share which would
    otherwise be issuable in an amount equal to the same fraction of the Market
    Price; PROVIDED that in the event that sufficient funds are not legally
    available for the payment of such cash adjustment any fractional shares of
    Class B Common Stock shall be rounded up to the next whole number.

                                       10
<PAGE>
        (j)  OTHER NOTICES.  In case at any time:

            (i) the Company shall declare any dividend upon the Common Stock
                payable in shares of stock of any class or make any other
                distribution to the holders of the Common Stock;

            (ii) the Company shall offer for subscription pro rata to the
                 holders of the Common Stock any additional shares of stock of
                 any class or other rights;

           (iii) there shall be any capital reorganization of the Company, or
                 reclassification of the Common Stock, or consolidation or
                 merger of the Company with or into, or sale of all or
                 substantially all of its assets to, another corporation or
                 entity; or

            (iv) there shall be a voluntary or involuntary dissolution,
                 liquidation or winding-up of the Company;

then, in each such case, the Company shall give to the Warrantholder (a) notice
of the date on which the books of the Company shall close or a record shall be
taken for determining the holders of Common Stock entitled to receive any such
dividend, distribution, or subscription rights or for determining the holders of
Common Stock entitled to vote in respect of any such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding-up and (b) in the case of any such reorganization, reclassification,
consolidation, merger, sale, dissolution, liquidation or winding-up, notice of
the date (or, if not then known, a reasonable approximation thereof by the
Company) when the same shall take place. Such notice shall also specify the date
on which the holders of Common Stock shall be entitled to receive such dividend,
distribution, or subscription rights or to exchange their Common Stock for stock
or other securities or property deliverable upon such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation, or
winding-up, as the case may be. Such notice shall be given at least 30 days
prior to the record date or the date on which the Company's books are closed in
respect thereto, but in no event earlier than public announcement of such
proposed transaction or event. Failure to give any such notice or any defect
therein shall not affect the validity of the proceedings referred to in clauses
(i), (ii), (iii) and (iv) above.

    SECTION 8.  NO DILUTION OR IMPAIRMENT.

    The Company will not, by amendment of its Charter Documents or through any
reorganization, recapitalization, transfer of assets, consolidation, merger,
share exchange, dissolution or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms of the Warrant,
including the adjustments required under Section 7 hereof, and will at all times
in good faith assist in the carrying out of all such terms and in taking of all
such action as may be necessary or appropriate to protect the rights of the
Warrantholder against dilution or other impairment. Without limiting the
generality of the foregoing and notwithstanding any other provision of the
Warrant to the contrary (including by way of implication), the Company (a) will
not increase the par value of any shares of Class B Common Stock receivable on
the exercise of the Warrant above the amount payable therefor on such exercise
and (b) will take all such corporate action as may be necessary or appropriate
so that the Company may validly and legally issue fully paid and nonassessable
shares of Class B Common Stock on the exercise of the Warrant.

    SECTION 9.  TRANSFERS OF THE WARRANT.

        (a)  TRANSFER AND EXCHANGES.  The Company shall initially record the
    Warrant on a register to be maintained by the Company with its other stock
    books and, subject to Section 9(b) hereof and the provisions of the
    Stockholders Agreement, from time to time thereafter shall record a transfer
    of the Warrant on such register when the Warrant is: (i) surrendered for
    transfer in accordance with the terms hereof, (ii) properly endorsed and
    accompanied by appropriate instructions, and (iii) accompanied by payment in
    cash or by check, bank draft or money order payable to the order

                                       11
<PAGE>
    of the Company, in United States currency, of an amount equal to any stamp
    or other tax or governmental charge or fee required to be paid in connection
    with the transfer thereof. Upon any such transfer, a new Warrant or Warrants
    shall be issued to the transferee and the Warrantholder (in the event that
    the Warrant is only partially transferred) and the surrendered Warrant shall
    be canceled. Each such transferee shall succeed to all of the rights of the
    transferring Warrantholder under this Agreement or in the event that the
    Warrant is only partially transferred, the transferring Warrantholder and
    such transferee shall, simultaneously, hold rights hereunder in proportion
    to their respective percentage interests of the original Warrant. The
    Warrant may be exchanged at the option of the Warrantholder, when
    surrendered at the Principal Office of the Company, for another Warrant or
    other Warrants of like tenor and representing in the aggregate the right to
    purchase a like number of shares of Common Stock, subject to adjustment as
    more fully set forth herein.

        (b)  TRANSFERS SUBJECT TO SECURITIES LAWS; STOCKHOLDERS
    AGREEMENT.  Subject to the restrictions set forth in this Section 9 and the
    Stockholders Agreement, the Warrantholder may at any time and from time to
    time freely transfer the Warrant and the Warrant Shares in whole or in part.
    The Warrant has not been, and the Warrant Shares at the time of their
    issuance may not be, registered under the Securities Act, and, except as
    provided in the Stockholders Agreement or the Registration Rights Agreement,
    nothing herein contained shall be deemed to require the Company to so
    register the Warrant or Warrant Shares. The Warrant and the Warrant Shares
    are issued or issuable subject to the provisions and conditions contained
    herein and the Warrantholder by accepting the Warrant agrees with the
    Company to such provisions and conditions, and represents to the Company
    that the Warrant has been acquired and the Warrant Shares will be acquired
    for the account of the Warrantholder for investment and not with a view to
    or for sale in connection with any distribution thereof.

        (c)  TRANSFERS TO NON-AFFILIATES.  Notwithstanding the foregoing, upon
    any transfer of this Warrant to a transferee that is not an Affiliate of the
    Warrantholder, this Warrant shall automatically be amended to (i) become
    exercisable solely for the number of shares of Class A Common Stock equal to
    the number of shares of Class B Common Stock for which the Warrant was
    exercisable prior to such transfer and (ii) provide that such transferee
    shall not be entitled to pay the Aggregate Exercise Price by a Media
    Commitment Exercise pursuant to Section 3(d)

    SECTION 10.  SURVIVAL OF PROVISIONS.

    The provisions of this Agreement and the Warrant shall survive until the
earlier of (a) the full exercise by of the Warrant or (b) the Expiration Date.

    SECTION 11.  DELAYS, OMISSIONS AND INDULGENCES.

    No delay or omission to exercise any right, power or remedy accruing to the
Warrantholder upon any breach or default of the Company hereunder or under the
Warrant shall impair any such right, power or remedy, nor shall it be construed
to be a waiver of any such breach or default, or any acquiescence therein, or of
or in any similar breach or default thereafter occurring, nor shall any waiver
of any single breach or default be deemed a waiver of any other breach or
default theretofore or thereafter occurring. Any waiver, permit, consent or
approval of any kind or character on the Warrantholder's part of any breach or
default hereunder or under the Warrant, or any waiver on the Warrantholder's
part of any provisions or conditions hereof or of the Warrant must be in writing
and that all remedies, either hereunder, under the Warrant or by law or
otherwise afforded to the Warrantholder, shall be cumulative and not
alternative.

    SECTION 12.  RIGHTS OF TRANSFEREES.

    Subject to Section 9(c), the rights granted to the Warrantholder hereunder
and under the Warrant shall pass to and inure to the benefit of all subsequent
transferees of all or any portion of the Warrant

                                       12
<PAGE>
until extinguished pursuant to the terms hereof; provided that the Warrantholder
and any transferee shall hold such rights in proportion to their respective
ownership of the Warrant and Warrant Shares.

    SECTION 13.  CAPTIONS.

    The titles and captions of the Sections and other provisions hereof are for
convenience of reference only and are not to be considered in construing this
Agreement.

    SECTION 14.  NOTICES.

    All notices, demands and other communications provided for or permitted
hereunder shall be made in writing and shall be by registered or certified
first-class mail, return receipt requested, telecopy, overnight courier service
or personal delivery:

        (a)  if to the Company:

           [            ]
           [            ]
           [            ]
           [            ]
           Attention: [            ]
           Telecopy: [            ]

        (b)  if to the Warrantholder:

           [            ]
           [            ]
           [            ]
           [            ]
           Attention: [            ]
           Telecopy: [            ]

    All such notices and communications shall be deemed to have been duly given:
when delivered by hand, if personally delivered; when delivered by courier, if
delivered by commercial overnight courier service; five Business Days after
being deposited in the mail, postage prepaid, if mailed; and when receipt is
acknowledged, if telecopied.

    SECTION 15.  SUCCESSORS AND ASSIGNS.

    This Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns, provided that the Company
shall have no right to assign its rights, or to delegate its obligations,
hereunder without the prior written consent of the Warrantholder.

    SECTION 16.  SEVERABILITY.

    If any one or more of the provisions contained herein, or the application
thereof in any circumstance, is held invalid, illegal or unenforceable in any
respect for any reason, the validity, legality and enforceability of any such
provision in every other respect and of the remaining provisions hereof shall
not be in any way impaired, unless the provisions held invalid, illegal or
unenforceable shall substantially impair the benefits of the remaining
provisions hereof.

    SECTION 17.  GOVERNING LAW.

    THIS AGREEMENT AND THE WARRANT IS TO BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK AND WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAW OF SUCH STATE.

                                       13
<PAGE>
    SECTION 18.  JURISDICTION.  Each party to this Agreement hereby irrevocably
agrees that any legal action or proceeding arising out of or relating to this
Agreement or any agreements or transactions contemplated hereby shall be brought
in the courts of the State of New York and hereby expressly submits to the
personal jurisdiction and venue of such courts for the purposes thereof and
expressly waives any claim of improper venue and any claim that such courts are
an inconvenient forum.

    SECTION 19.  ENTIRE AGREEMENT; AMENDMENT.

    This Agreement, the Warrant, the Merger Agreement and the other agreements
and documents referenced therein are intended by the parties as a final
expression of their agreement and are intended to be a complete and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the subject matter contained herein and therein. Except as otherwise expressly
provided in this Agreement, any provision of this Agreement or of the Warrant
may be amended or modified only by an instrument in writing signed by the
Company and the Warrantholder.

    SECTION 20.  RULES OF CONSTRUCTION.

    Unless the context otherwise requires "or" is not exclusive, and references
to sections or subsections refer to sections or subsections of this Agreement.
All pronouns and any variations thereof refer to the masculine, feminine or
neuter, singular or plural, as the context may require.

                                     * * *

                                       14
<PAGE>
    IN WITNESS WHEREOF, each party hereto has caused this Agreement to be duly
executed as of the date first above written.

<TABLE>
<S>                                                    <C>  <C>
                                                       NEWCO

                                                       By:
                                                            -----------------------------------------
                                                            Name:
                                                            Title:
</TABLE>

<TABLE>
<S>                                                    <C>  <C>
                                                       USA NETWORKS INC.

                                                       By:
                                                            -----------------------------------------
                                                            Name:
                                                            Title:
</TABLE>

                                       15
<PAGE>
                                   EXHIBIT A

                                FORM OF WARRANT

    THIS CLASS B COMMON STOCK PURCHASE WARRANT AND THE SHARES THAT MAY BE
PURCHASED HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR
UNDER THE SECURITIES LAWS OF ANY STATE. THIS CLASS B COMMON STOCK PURCHASE
WARRANT HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO
DISTRIBUTION, AND THIS CLASS B COMMON STOCK PURCHASE WARRANT AND THE SHARES THAT
MAY BE PURCHASED HEREUNDER MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AND
REGISTRATION OR QUALIFICATION UNDER APPLICABLE STATE SECURITIES LAWS OR AN
OPINION OF COUNSEL THAT THE PROPOSED TRANSACTION DOES NOT VIOLATE THE SECURITIES
ACT OF 1933, AND APPLICABLE STATE SECURITIES LAWS.

    THIS WARRANT IS SUBJECT TO THE TERMS OF A WARRANT AGREEMENT, DATED AS OF
[            ], 2000, BETWEEN [NEWCO] AND [USA].

                                    [NEWCO]

                     CLASS B COMMON STOCK PURCHASE WARRANT

                                 NUMBER

    THIS IS TO CERTIFY that USA Networks, Inc., a Delaware corporation, and its
transferees, successors and assigns (the "WARRANTHOLDER"), for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, is
entitled to purchase from [Newco], a Delaware corporation (the "COMPANY"), at a
price per share equal to the Exercise Price, 12,539,788 shares of fully paid and
nonassessable Class B Common Stock of the Company, subject to the terms and
conditions of the Warrant Agreement, dated as of [            ], 2000, between
the Company and the Warrantholder (as amended or otherwise modified, the
"WARRANT AGREEMENT"). The number of shares of Class B Common Stock subject to
this Warrant is subject to adjustment or reduction as set forth in Section 7 of
the Warrant Agreement. Capitalized terms used herein shall have the meanings
ascribed to such terms in the Warrant Agreement.

    Payment of the Exercise Price may be made as set forth in Section 3 of the
Warrant Agreement.

    If this Warrant is not exercised on or before 5:00 p.m., Pacific Standard
time on the Expiration Date, this Warrant shall become void and all rights
hereunder shall cease as of such time, except as provided in the Warrant
Agreement.

    This Warrant is issued pursuant to the Warrant Agreement and is subject to,
and entitled to the benefits of, all of the terms, provisions and conditions of
the Warrant Agreement, which Warrant Agreement is hereby incorporated by
reference herein and made a part hereof. The Warrant Agreement sets forth a full
description of the rights, limitations of rights, obligations, duties and
immunities of the Company and the Warrantholder with respect to this Warrant.
Copies of the Warrant Agreement are on file at the Principal Office of the
Company.

                                       16
<PAGE>
    IN WITNESS WHEREOF, the Company has caused this Warrant to be signed in its
name by its duly authorized officer, as of the   day of [      ], 2000.

<TABLE>
<S>                                                    <C>  <C>
                                                       [NEWCO]

                                                       By:
                                                            -----------------------------------------
                                                            Name:
                                                            Title:
</TABLE>

                                       17
<PAGE>
                                   EXHIBIT B

                           FORM OF NOTICE OF EXERCISE

                                                           ______ ______, ______

To: [            ]
   [            ]
   [            ]
   [            ]
   Attention: [            ]
   Telecopy: [            ]SS

        1. The undersigned, pursuant to the provisions of the attached Warrant,
    hereby elects to exercise such Warrant with respect to       shares of
    Class B Common Stock (the "EXERCISE AMOUNT"). Capitalized terms used but not
    otherwise defined herein have the meanings ascribed thereto in the attached
    Warrant.

        2. The undersigned herewith tenders payment for such shares in the
    following manner (please check type, or types, of payment and indicate the
    portion of the Exercise Price to be paid by each type of payment):

                 Exercise for Cash
                 Cashless Exercise
                 Media Commitment Exercise

        3. Please issue a certificate or certificates representing the shares
    issuable in respect hereof under the terms of the attached Warrant, as
    follows:

                   (Name of Record Warrantholder/Transferee)

and deliver such certificate or certificates to the following address:

                  (Address of Record Warrantholder/Transferee)

        4. The undersigned represents that the aforesaid shares are being
    acquired for the account of the undersigned for investment and not with a
    view to, or for resale in connection with, the distribution thereof and that
    the undersigned has no present intention of distributing or reselling such
    shares.

        5. If the Exercise Amount is less than all of the shares of Class B
    Common Stock purchasable hereunder, please issue a new warrant representing
    the remaining balance of such shares, as follows:

                   (Name of Record Warrantholder/Transferee)

and deliver such warrant to the following address:

                  (Address of Record Warrantholder/Transferee)

    In witness whereof, the undersigned Warrantholder has caused this Notice of
Exercise to be executed as of this       day of             ,       .

<TABLE>
<S>                                                    <C>  <C>
                                                       (Name of Warrantholder)

                                                       By:
                                                            -----------------------------------------
                                                            Name:
                                                            Title:
</TABLE>

                                       18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}]]