SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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):
August 22, 1997 (August 20, 1997)
AMERICAN RADIO SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-26102 04-3196245
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
116 Huntington Avenue
Boston, Massachusetts 02116
(Address of principal executive offices, including zip code)
(617) 375-7500
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On August 20, 1997, American Radio Systems Corporation (the "Company")
announced that its Board of Directors approved the retention of Credit Suisse
First Boston to assist the Company in developing a plan designed to maximize
shareholder value. For more information, see the Company's press release, dated
August 20, 1997, which is attached herewith as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 - Press Release, dated as of August 20, 1997
2
<PAGE>
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.
AMERICAN RADIO SYSTEMS
CORPORATION
(Registrant)
By: /s/Justin D. Benincasa
-----------------------------------
Justin D. Benincasa
Vice President and Corporate
Controller
Date: August 22, 1997
3
EXHIBIT 99.1
[GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE Contact: Steven Dodge, Chairman
Chief Executive or Joe Winn, Chief
Financial Officer
Telephone: (617) 375-7500
AMERICAN RADIO TO FORMULATE
STRATEGIC PLAN
Boston, Massachusetts -- August 20, 1997 -- American Radio Systems Corporation
(NYSE-AFM) announced today that its Board of Directors has approved the
retention of Credit Suisse First Boston to assist the company in developing a
plan designed to maximize shareholder value. There can be no assurance that a
plan can be consummated.
American Radio is the nation's fifth largest owner and operator of radio
stations, with approximately 100 radio stations in Boston, Seattle, Cincinnati,
Baltimore, Pittsburgh, Portland, Sacramento, St. Louis, Charlotte, Kansas City,
Hartford, Las Vegas, Austin, Buffalo, San Francisco/San Jose, West Palm Beach,
Rochester, and Fresno. The Company also has options and/or agreements to buy
additional radio stations in Portland, San Francisco/San Jose, West Palm Beach,
Kansas City, St. Louis and Riverside. It also owns and operates, giving effect
to pending transactions, more than 600 communication towers throughout the
United States.
###
116 Huntington Avenue, Boston, Massachusetts 02116
(617) 375-7500 FAX (617) 375-7575
