THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING SUBMITTED
PURSUANT TO RULE 901(d) OF REGULATION S-T
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 5, 1994
MULTIMEDIA, INC.
_____________________________________________________
(Exact name of registrant as specified in its charter)
South Carolina
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(State or other jurisdiction of incorporation)
0-6265 57-0173540
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Commission File Number (IRS Employer Identification No.)
305 South Main Street, Greenville, South Carolina 29601
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(Address of principal executive offices) Zip Code
(803) 298-4373
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Registrant's Telephone Number, Including Area Code
<PAGE>
ITEM 5. OTHER EVENTS.
On October 5, 1994, in a meeting with analysts and investors, the
Company announced certain of its expected results for 1994 outlined
in the attached Press Release, which press release is incorporated
herein by reference thereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
20. Press release dated October 5, 1994.
<PAGE>
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.
MULTIMEDIA, INC.
Dated: October 12, 1994 By: SIGNATURE APPEARS HERE
_________________________________
Robert E. Hamby, Jr.
Senior Vice President and
Chief Financial Officer
Dated: October 12, 1994 By: SIGNATURE APPEARS HERE
_________________________________
Thomas L. Magaha
Vice President-Controller
MULTIMEDIA ESTIMATES RESULTS FOR 1994
GREENVILLE, S.C. - OCT. 5, 1994 -- In a meeting today with
analysts and investors Multimedia, Inc. announced that it expects
its 1994 earnings from ongoing operations to be in the range of
$1.95 to $1.97 per share, up about four percent from the $1.88
earned in 1993. It expects operating cash flow* from ongoing
operations to be about $250 million, a five percent increase.
Both the projections for earnings and cash flow from ongoing
operations are in line with what the Company announced that it
expected for the year on February 15.
The projections for earnings and cash flow* from ongoing
operations exclude prelaunch and first-year expenses for the
Company's Talk Channel, a cable service that premiered on Oct. 1.
Those expenses are expected to be $9 million for 1994, based on
100% ownership. However, those expenses will be more than offset
by gains on the sale of radio stations and wireless operations.
Multimedia, Inc. is a diversified media company headquartered in
Greenville, S.C., which publishes 11 daily and 49 non-daily
newspapers, owns and operates five television and five radio
stations, operates 125 cable franchises in five states, monitors
approximately 60,000 security alarm subscribers, and produces and
syndicates quality television programming, including DONAHUE;
SALLY JESSY RAPHAEL; JERRY SPRINGER; RUSH LIMBAUGH, THE
TELEVISION SHOW; SUSAN POWTER and DENNIS PRAGER.
* Operating cash flow, as defined by The Company, is operating
profit plus depreciation and amortization, and amortization of
stock awards and stock options.
Contact: Markeeta L. McNatt
Vice President - Investor Relations
and Corporate Communications
(803) 298-4819
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