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): November 4, 1996
(November 4, 1996)
MULTI-MARKET RADIO, INC.
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(Exact name of registrant as specified in charter)
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Delaware 0-22080 13-3707697
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(State or Other Jurisdiction (Commission File No.) (IRS Employer Identification No.)
of Incorporation)
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150 East 58th Street, 19th Floor, 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
N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
The press release attached hereto as Exhibit 99.1 is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 Press release, dated November 4, 1996, of Multi-Market Radio, Inc.
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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 D. Emlet
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Name: Jerry D. Emlet
Title: Chief Financial Officer
Date: November 4, 1996
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press release, dated November 4, 1996, of Multi-Market Radio, Inc.
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EXHIBIT 99.1
UNITS AND CLASS A WARRANTS
OF MULTI-MARKET RADIO TO BE DELISTED;
TRADING TO CEASE AS OF THE CLOSE OF BUSINESS ON NOVEMBER 4, 1996
NEW YORK, November 4, 1996 -- As previously announced, Multi-Market Radio,
Inc. has called for the redemption of all of its outstanding Class A Warrants
(NASDAQ: RDIOW). In accordance with the terms of the warrant redemption,
holders of Class A Warrants may exercise the Class A Warrants until 5:00 p.m.,
New York time, on November 7, 1996 to purchase one share of Class A Common
Stock of Multi-Market Radio for $7.75. Any Class A Warrants which have not
been exercised prior to the exercise deadline on November 7 will no longer be
exercisable, and the holders will have no further rights except to receive the
redemption payment of $0.01 per Class A Warrant upon the surrender of their
certificate. In accordance with the rules of the Nasdaq stock market, the
Class A Warrants and Units (NASDAQ Small Cap: RDIOU), consisting of one share
of Class A Common Stock, one Class A Warrant and one Class B Warrant, will be
delisted from NASDAQ as of the close of business on Monday, November 4, 1996.
As a result, trading in the Class A Warrants and Units will cease as of that
time.
On November 1, 1996, the last sales prices of the Class A Warrants
and the shares of Class A Common Stock on the NASDAQ National Market were $4
and $113/4 respectively. The last sales price of the Units on the Nasdaq
market was $20 on October 28, 1996.
Multi-Market Radio, headquartered in New York City, currently owns or
sells advertising on behalf of nine radio stations in five markets.
Multi-Market Radio has entered into a merger agreement with SFX Broadcasting,
Inc. (NASDAQ: SFXBA) pursuant to which it will be acquired by SFX
Broadcasting. The transaction is expected to close immediately following
Multi-Market and SFX's stockholder meetings which will be held on November 22,
1996.
