MEDIA SOURCE INC
8-K, 1999-12-03
MISCELLANEOUS NONDURABLE GOODS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                         Pursuant to Section 13 or 15(d)
                     Of THE SECURITIES EXCHANGE ACT FOF 1934

       Date of Report (Date of earliest event reported): December 3, 1999

                                MEDIA SOURCE, INC
 -----------------------------------------------------------------------------

                         Commission File Number 0-10475

Incorporated - Delaware                    I.R.S. Identification No. 34-1297143

                       5720 Avery Rd., Dublin, Ohio 43016

        Registrant's telephone number, including area code (614) 793-8749

Item 5.  Other Events

On  Wednesday,  November 24, 1999,  the Company  announced  that it rescinded an
option to purchase shares of Preferred Stock to the Company Chairman,  S. Robert
Davis,  holder of a $500,000  subordinated  note  payable due August  2000.  The
option was granted in exchange for S. Robert Davis extending the due date of his
subordinated  note until  January 1,  2003.  The  Company  and S.  Robert  Davis
mutually agreed to rescind the option. Therefore, the $500,000 subordinated note
payable to S. Robert  Davis will revert back to its  original due date of August
2000.

                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                                     Media Source, Inc.
                                                     (Registrant)



Dated: December 3, 1999                     By: /s/ Donald R. Hollenack
                                                --------------------------
                                                   Chief Financial Officer






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