UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A
(AMENDMENT NO. 2)
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended _____DECEMBER 31, 1996_________________________
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 0-4028
TRANSMEDIA NETWORK INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 84-6028875
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(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
11900 BISCAYNE BOULEVARD, MIAMI, FLORIDA 33181
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(Address of principal executive offices) (zip code)
305-892-3300
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(Registrant's telephone number,
including area code)
Indicate by (X) 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 and (2) has been subject to such filing requirements for
the past 90 days.
Yes [X] No [ ]
The number of shares outstanding of the issuer's Common Stock, $.02 par value,
as of January 31, 1997: 10,126,926
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TRANSMEDIA NETWORK INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 1996 AND SEPTEMBER 30, 1996
(in thousands)
(continued)
December 31, *September 30,
1996 1996
---- ----
(unaudited)
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LIABILITIES AND
STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable - rights to receive $ 2,653 $ 4,785
Accounts payable - reimbursable
tax and tips 506 485
Accounts payable - other 2,568 2,679
Accrued expenses 496 773
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Total current liabilities 6,223 8,722
Secured non-recourse notes payable 33,000 --
Line of credit -- 15,000
Deferred membership fee income 3,546 4,103
Deferred income taxes 796 936
Other long-term liability 990 --
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Total liabilities 44,555 28,761
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Stockholders' equity:
Preferred stock - par value $.10 per share;
authorized 1,000,000 shares; none issued -- --
Common stock - par value $.02 per share;
authorized 20,000,000 shares; issued and
outstanding: 10,126,926 shares at
December 31, 1996 and September 30, 1996 202 202
Additional paid-in capital 10,547 10,547
Unrealized gain on securities available
for sale 756 985
Retained earnings 13,815 14,019
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Total stockholders' equity 25,320 25,753
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Total liabilities and stockholders' equity $ 69,875 $ 54,514
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See notes to consolidated financial statements
*The balance sheet at September 30, 1996 is derived from the registrant's
audited consoldiated financial statements.
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S I G N A T U R E S
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.
TRANSMEDIA NETWORK INC.
(Registrant)
May 12, 1997 /S/MELVIN CHASEN
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Melvin Chasen, President
and Chief Executive Officer
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