ACKERLEY COMMUNICATIONS INC
10-Q/A, 1995-06-30
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- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC  20549

                                  ------------

                                   FORM 10-Q/A
                                QUARTERLY REPORT
                                      UNDER
                               SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                  -------------

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934.

For the quarter ended MARCH 31, 1995
                      --------------
                   OR

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934.

For the transition period from             to
                               -----------    ------------

Commission file number 1-10321

                          ACKERLEY COMMUNICATIONS, INC.
             (Exact name of registrant as specified in its charter)


             DELAWARE                            91-1043807
 (State or other jurisdiction of         (IRS Employer Identification No.)
 Incorporation or organization)

                                800 FIFTH AVENUE,
                                  SUITE 3770
                               SEATTLE, WA  98104
                                 (206) 624-2888
               (Address, including zip code, and telephone number,
        including area code, of Registrant's principal executive offices)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days:

                                            Yes  X         No
                                                ---           ---
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

               CLASS                          OUTSTANDING AT MAY 1, 1995
- ------------------------------             -----------------------------------
Common Stock, $.01 Par value                         9,659,783 shares
Class B Common Stock, $.01 par value                 5,907,011 shares




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PART II - OTHER INFORMATION




ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

   (a)   Exhibits:

         27.  Financial Data Schedule

   (b)   No reports on Form 8-K were filed during the three months
         ended March 31, 1995.




                                   SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment No. 1 to the report to be signed on
its behalf by the undersigned thereunto duly authorized.


                  ACKERLEY COMMUNICATIONS, INC.



DATED:  June 23, 1995      BY /s/ Denis M. Curley
                              ------------------------
                              Denis M. Curley
                              Exec. Vice President and
                              Chief Financial Officer,
                              Treasurer and Secretary
                              (Principal Financial Officer)



                                       10



<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                          10,192
<SECURITIES>                                         0
<RECEIVABLES>                                   38,848
<ALLOWANCES>                                     1,168
<INVENTORY>                                          0
<CURRENT-ASSETS>                                57,718
<PP&E>                                         180,019
<DEPRECIATION>                                 114,796
<TOTAL-ASSETS>                                 172,938
<CURRENT-LIABILITIES>                           41,828
<BONDS>                                        227,008
<COMMON>                                           168
                                0
                                          0
<OTHER-SE>                                    (96,066)
<TOTAL-LIABILITY-AND-EQUITY>                   172,938
<SALES>                                              0
<TOTAL-REVENUES>                                63,266
<CGS>                                                0
<TOTAL-COSTS>                                   53,639
<OTHER-EXPENSES>                                 2,842
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,326
<INCOME-PRETAX>                                    459
<INCOME-TAX>                                        25
<INCOME-CONTINUING>                                434
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       434
<EPS-PRIMARY>                                      .03
<EPS-DILUTED>                                      .03
        

</TABLE>


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