FORM 10-QSB/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
X QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
--------- EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
______ TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT
For the transition period from __________________ to __________________
Commission File Number 0-22080
MULTI-MARKET RADIO, INC.
(Exact Name of Small Business Issuer as Specified in its Charter)
DELAWARE 13-3707697
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
150 EAST 58TH STREET - 19TH FLOOR
NEW YORK, NEW YORK 10155
(Address of principal executive offices) (Zip Code)
ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 407-9150
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes X No___
APPLICABLE ONLY TO CORPORATE ISSUERS
The number of shares of the Company's common equity outstanding as of May 14,
1996 is: Class A Common Stock, par value $.01, 3,217,350 shares; Class B
Common Stock, par value $.01, 140,000 shares; Class C Common Stock, par value
$.01, 360,000 shares; and 1,838,650 Publicly Traded Redeemable Class A Warrants
1,840,000 Publicly Traded Redeemable Class B Warrants.
Transitional Small Business Disclosure Format. Yes ______ No X
1
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MULTI-MARKET RADIO, INC.
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
+10.1 Form of Asset Purchase Agreement by and between the Company and Puritan
Radiocasting Company dated April 29, 1996
+10.2 Programming Agreement by and between the Company and Puritan
Radiocasting Company dated April 5, 1996
+10.3 Asset Purchase Agreement by and between the Company and Wilks Broadcast
Acquisitions, Inc dated March 25, 1996
+10.4 Local Marketing Agreement by and between the Company and Wilks
Broadcasting Acquisitions, Inc March 25, 1996
+10.5 Letter Agreement by and between the Company and Jones Eastern Radio of
Augusta, Inc. dated March 4, 1996
+10.6 Local Market Agreement by and between the Company and Jones Eastern
Radio of Augusta, Inc.
+10.7 Amendment No. 1 to Amended and Restated Financial Consulting and
Marketing Agreement by and between the Company and Sillerman
Communications Management Corporation dated March 1, 1996
+10.8 Amendment No. 1 to the Amended and Restated Agreement and Plan of Merger
dated as of May 6, 1996 by and among SFX Broadcasting, Inc., SFX Merger
Company and the Company
+10.9 Local Market Agreement by and between Southern Starr of Arkansas, Inc.
and Triathlon Broadcasting of Little Rock, Inc. dated March 15, 1996.
+10.10 Fifth Amendment to Asset Purchase Agreement by and between the Company
and Texas Coast Broadcasters, Inc. dated May 15, 1996
27 Financial Data Schedule
- -------------
+ Incorporated by reference to the Registrant's Quarterly Report on Form 10-QSB
filed with the Securities and Exchange Commission on May 14, 1996.
(b) Reports on Form 8-K
A report on form 8-K was filed on April 18, 1996 under item 5 thereof ( other
events ) to disclose the execution of an Agreement and Plan of Merger, dated
April 15, 1996, among the Company, SFX and a wholly-owned subsidiary of SFX.
13
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MULTI-MARKET RADIO, INC.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
MULTI-MARKET RADIO, INC.
/s/ Jerry D. Emlet
------------------------------------
Jerry D. Emlet
Treasurer & Chief Financial Officer
June 28, 1996
14
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<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 3,959,815
<SECURITIES> 0
<RECEIVABLES> 3,707,771
<ALLOWANCES> 270,436
<INVENTORY> 0
<CURRENT-ASSETS> 7,867,645
<PP&E> 4,050,864
<DEPRECIATION> 401,143
<TOTAL-ASSETS> 67,441,336
<CURRENT-LIABILITIES> 4,981,378
<BONDS> 0
0
2,012
<COMMON> 34,905
<OTHER-SE> 12,087,912
<TOTAL-LIABILITY-AND-EQUITY> 67,441,336
<SALES> 4,826,140
<TOTAL-REVENUES> 4,826,140
<CGS> 0
<TOTAL-COSTS> 4,203,489
<OTHER-EXPENSES> 2,561
<LOSS-PROVISION> 2,040,572
<INTEREST-EXPENSE> 1,338,415
<INCOME-PRETAX> (2,758,897)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,758,897)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
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<NET-INCOME> (2,758,897)
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