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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): July 10, 1996
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MULTI-MARKET RADIO, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-22080 33-3707697
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(State or Other (Commission File No.) (IRS Employer
Identification No.) Identification No.)
150 East 58th Street, New York, New York 10155
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 407-9150
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On July 10, 1996, the Registrant sold the assets of radio stations WRXR-
FM and WKBG-FM operating in the Augusta, Georgia market to Wilks Broadcast
Acquisitions, Inc. for $5.0 million.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not Applicable
(b) Pro Forma Financial Information
It is impracticable to file the pro forma financial information
required by Item 7(b) at this time for the required period
because that information is not yet available. The Registrant
will file that information as soon as is practicable but not
later than 60 days following July 25, 1996.
(c) Exhibits
99 Press Release dated July 11, 1996.
SIGNATURES
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 thereto duly authorized.
MULTI-MARKET RADIO, INC.
By:/s/ Jerry Emlet
Name: Jerry Emlet
Title: Chief Financial Officer
Date: July 25, 1996
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FOR IMMEDIATE RELEASE
FROM: MULTI-MARKET RADIO, INC.
150 East 58th Street
New York, NY 10155
212-407-9126
Contact: Cynthia A. Bond
MULTI-MARKET RADIO SELLS AUGUSTA STATIONS
NEW YORK, July 11, 1996--Multi-Market Radio, Inc. (NASDAQ: RDIOA) today
announced that it has sold its two Augusta, Georgia radio stations, WRXR(FM) and
WKBG (FM), to Wilks Broadcast Acquisitions, Inc. for $5.0 million.
Commenting on the transaction, Michael G. Ferrel, President and Chief Executive
Officer, said, "As we previously noted the sale of these stations, which have
been losing money, presents an opportunity for us to redeploy our assets and
concentrate on building strategic clusters of stations. We continue to look at
stations both in our existing markets and new markets and envision being very
active in the months ahead. This is in addition to our intended merger with SFX
Broadcasting which will create an even larger and more successful company."
On April 15 SFX Broadcasting, Inc. (NASDAQ: SFXBA) announced that it would
acquire Multi-Market Radio for the stock equivalent of $11.50 per common share,
subject to adjustment. It is anticipated that this transaction will close within
the next few months subject to shareholder approval and the approval of the
Federal Communications Commission and certain other conditions.
Multi-Market Radio, which is headquartered in New York City currently owns,
provides programming for, sells advertising on behalf of or has agreed to
acquire the following thirteen radio stations in seven markets:
<TABLE>
<CAPTION>
<C> <S> <C> <C>
WKSS(FM) Hartford, CT*** WMJY(FM) Biloxi, MS
WHMP(FM) Springfield/Northampton, MA WKNN(FM) Biloxi, MS
WHMP-AM Springfield/Northampton, MA WCHZ(FM) Augusta, GA*
WPKX(FM) Springfield/Northampton, MA WMYB(FM) Myrtle Beach, SC**
WPLR(FM) New Haven, CT WVCO(FM) Myrtle Beach, SC**
WYBC(FM) New Haven, CT* WYAK(FM) Myrtle Beach, SC
WGNE(FM) Daytona Beach, FL
*Joint Selling Agreement
**Local Marketing Agreement
***Under contract to be acquire
</TABLE>
In addition, the Company owns KOLL(FM) in Little Rock, AR, which is under
contract to be sold.
