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: January 29, 1998 Date of earliest event reported:
January 29, 1998
Commission file number 33-31706-01
ACG HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware 62-1395968
(State of incorporation) (I.R.S. employer identification number)
100 Winners Circle
Brentwood, Tennessee 37027
(615) 377-0377
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
AMERICAN COLOR GRAPHICS, INC.
(Exact name of registrant as specified in its charter)
New York 62-1003976
(State of incorporation) (I.R.S. employer identification number)
100 Winners Circle
Brentwood, Tennessee 37027
(615) 377-0377
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
Not applicable
(Former name, former address and former fiscal year,
if changed since last report)
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Item 5. Other Events
ACG Holdings, Inc. and American Color Graphics, Inc. today
announced that their EBITDA for the three months ended December 31, 1997 was
approximately $17.6 million (exclusive of approximately $0.1 million of
non-recurring charges), compared to $16.1 million (exclusive of approximately
$0.6 million of non-recurring charges) for the same period in 1996. The Print
division's EBITDA was approximately $15.3 million ($14.8 million for the 1996
period), American Color's EBITDA was approximately $3.2 million ($2.4 million
for the 1996 period) and the EBITDA for other operations was approximately
$(0.9) million ($(1.1) million for the 1996 period). EBITDA consists of earnings
before net interest expense, income tax expense or benefit, depreciation,
amortization, other special charges related to asset write-offs and write-downs,
other income and expense and discontinued operations.
ACG Holdings, Inc., through the Printing division of
American Color Graphics, Inc., is one of the nation's largest suppliers of
commercial heatset offset and flexographic printing. The company's ten
production facilities print and distribute products such as weekly retail
advertising inserts, comics and large format publications for many of the
country's leading retailers and major newspapers.
American Color, the digital imaging and prepress division of
American Color Graphics, Inc., is one of the country's largest prepress service
organizations with 16 strategically located facilities
across the country. American Color facilities and American Color Graphics plants
are linked by a state-of-the-art digital communications network to provide
instantaneous delivery of prepress materials from coast to coast.
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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.
ACG HOLDINGS, INC.
AMERICAN COLOR GRAPHICS, INC.
Date: January 29, 1998 By: /s/Joseph M.Milano
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Joseph M. Milano
Executive Vice President and
Chief Financial Officer
