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* THIS PROSPECTUS SUPPLEMENT IS A CUMULATIVE SUMMARY *
* OF THE PREVIOUSLY FILED PROSPECTUS SUPPLEMENTS WHICH WERE *
* FILED PURSUANT TO THE BELOW MENTIONED SALES AGENY AGREEMENT *
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PROSPECTUS SUPPLEMENT
(To Prospectus dated February 14, 1994)
2,060,000 Shares
ZENITH ELECTRONICS CORPORATION
Common Stock
($1.00 par value)
____________________________
Pursuant to a Sales Agency Agreement dated February 15, 1994, between
Zenith Electronics Corporation (the "Company") and Kidder, Peabody & Co.
Incorporated ("Kidder, Peabody"), the Company has sold, through Kidder,
Peabody, as exclusive agent of the Company, 2,060,000 shares of Common
Stock pursuant to ordinary brokers' transactions on the New York Stock
Exchange and/or the Chicago Stock Exchange.
The compensation to Kidder, Peabody with respect to the sales of 48,000
Average Market Price Shares for the Pricing Period of February 19, 1994
through February 23, 1994 was computed by reference to an Average Market
Price calculated on a weighted average basis (weighted in accordance with
the number of Average Market Price Shares sold during each trading day).
If the compensation to Kidder, Peabody had not been calculated on a weighted
basis, the compensation to Kidder, Peabody with respect to the sales of such
Average Market Price Shares would have been $9,191 greater than the reported
amount of $54,876; the right to such additional amount was waived by Kidder,
Peabody.
Term of Pricing Periods: February 16, 1994 through February 23, 1994
Common Stock sold: 84,000 Average Market Price Shares
1,976,000 Additional Shares
2,060,000 Total Shares sold
High and low sales prices of
Average Market Price Shares
sold during the Pricing Periods: $11.875 $ 9.25
Cumulative Average Market Price
for all Pricing Periods: $10.867
Net Proceeds to Company
for Average Market Price Shares: $ 867,337
Total Net Proceeds to Company: $21,249,362
Compensation to Kidder, Peabody
for Average Market Price Shares: $ 54,876
Total Compensation to Kidder,
Peabody: $ 498,876
On February 23, 1994, the last reported sales price of the Common Stock on the
New York Stock Exchange was $12.00 per share.
The shares of Common Stock have been listed on the New York Stock Exchange.
_______________
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
PASSED UPON THE ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.
_______________
The date of this Prospectus Supplement is March 1, 1994
<PAGE>
USE OF PROCEEDS
The net proceeds ($21,249,362 before expenses) received by the Company
from the sale of the 2,060,000 shares of Common Stock will be used to repay
short-term borrowings and other amounts payable under the Company's Credit
Agreement.
