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): June 20, 1996
Golden Books Family Entertainment, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-14399 06-1104930
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
850 Third Avenue, New York, New York 10022
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:(212) 753-8500
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 4. Change in Registrant's Certifying Accountant.
(a) (1) and (2) On June 20, 1996, following
consultation with the Board of Directors of Golden Books Family
Entertainment, Inc. (the "Company"), management of the Company
dismissed the Company's independent auditors, Deloitte & Touche
LLP ("D&T"), effective as of such date. On the same such date,
management of the Company engaged Ernst & Young LLP as the
Company's independent auditors.
The D&T reports on the Company's consolidated financial
statements for the fiscal years ended January 28, 1995 and
February 3, 1996 did not contain an adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles. Since January 30, 1994,
the Company has not had any disagreements with D&T on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedures which, if not resolved
to the satisfaction of D&T, would have caused it to make a
reference to the subject matter of the disagreements in
connection with its report.
(a) (3) As required by Item 304(a) of Regulation S-K,
a copy of D&T's letter, addressed to the Securities and Exchange
Commission, is attached as Exhibit 16 hereto.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
c. Exhibits
16. Letter from Deloitte & Touche LLP addressed
to the Securities and Exchange Commission.
<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.
GOLDEN BOOKS FAMILY ENTERTAINMENT, INC.
Dated: June 26, 1996 By: /s/ Richard E. Snyder
Richard E. Snyder
Chairman of the Board,
President and
Chief Executive Officer
EXHIBIT 16
[Letterhead of Deloitte & Touche]
June 27, 1996
Securities and Exchange Comission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Golden Books
Entertainment, Inc. (formerly Western Publishing Group, Inc.) dated June 20,
1996.
Very truly yours,
/s/ Deloitte & Touche LLP
