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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) June 9, 1998.
NewStar Media Inc.
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(Exact name of registrant as specified in its charter)
California
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(State or other jurisdiction of incorporation)
0-24984 95-4015834
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(Commission File Number) (IRS Employer Identification No.)
8955 Beverly Boulevard, Los Angeles, CA 90048
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(Address of Principal Executive Offices) (Zip Code)
(310) 786-1600
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(Registrant's Telephone Number, Including Area Code)
Dove Entertainment, Inc.
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On April 23, 1998, The Nasdaq Stock Market, Inc. ("Nasdaq") informed
NewStar Media Inc. (the "Company") that Nasdaq had determined that the Company
was not in compliance with new net tangible assets/market capitalization/net
income requirements pursuant to NASD Marketplace Rule 4310(c)(2). On May 14,
1998, the Company filed a plan to regain compliance with the Nasdaq
requirements. On June 9, 1998, Nasdaq rejected that plan and determined that
the Company's common stock would be delisted at the close of business on
Thursday, June 18, 1998. The Company has appealed this decision, which will
stay the delisting pending an oral hearing, the date of which has not yet been
set. Although the Company believes that it can come into compliance with the
continued listing requirements in a reasonable period of time, there can be no
assurance that its oral hearing or any appeal thereform will be successful or
that the Company's common stock will remain listed on the Nasdaq SmallCap
Market. If the Company's common stock is delisted, it would likely be more
difficult to buy or sell the Company's common stock or to obtain timely and
accurate quotations to buy or sell. In addition, the delisting process could
result in a decline in the trading market for the Company's common stock which
could potentially depress the Company's stock price, among other consequences.
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.
NEWSTAR MEDIA INC.
Date: June 18, 1998 By: /s/ Ronald Lightstone
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Ronald Lightstone
President and Chief Executive
Officer
