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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): MAY 3, 1997
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COMMODORE MEDIA, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 33-92732 13-3034720
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification Number)
500 FIFTH AVENUE
SUITE 3000 10110
NEW YORK, NEW YORK (Zip code)
(Address of principal
executive offices)
Registrant's telephone number, including area code: (212) 302-2727
NOT APPLICABLE
(former address if changed since last report)
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TABLE OF ADDITIONAL REGISTRANTS
<TABLE>
<CAPTION>
Primary Standard
State or Other Industrial I.R.S. Employer
Jurisdiction of Classification Identification
NAME Incorporation Number Number
- --------------------------------------------- ---------------- --------------- --------------
<S> <C> <C> <C>
Commodore Media of Delaware, Inc. Delaware 4832 51-0286804
Commodore Media of Kentucky, Inc. Delaware 4832 61-0997863
Commodore Media of Pennsylvania, Inc. Delaware 4832 23-2207457
Commodore Media of Norwalk, Inc. Delaware 4832 06-1277523
Commodore Media of Florida, Inc. Delaware 4832 59-2813110
Commodore Media of Westchester, Inc. Delaware 4832 13-3356485
Atlantic Star Communications, Inc.
(formerly named Commodore Holdings, Inc.) Delaware 4832 13-3858506
Capstar Acquisition Company, Inc. Delaware 4832 74-2819327
Danbury Broadcasting, Inc. Connecticut 4832 13-3653113
Southern Star Communications, Inc.
(formerly named Osborn Communications Delaware 4832 06-1142367
Corporation)
Asheville Broadcasting Corp. Delaware 4832 56-1859801
Atlantic City Broadcasting Corp. Delaware 4832 22-3274908
Beatrice Broadcasting Corp. Delaware 4832 06-1142368
Breadbasket Broadcasting Corporation Delaware 4832 06-1443379
Corkscrew Broadcasting Corporation Delaware 4832 65-0466131
Currey Broadcasting Corporation Delaware 4832 13-3358952
Daytona Beach Broadcasting Corp. Delaware 4832 59-3223390
Great American East, Inc. North Carolina 4832 56-1580032
Houndstooth Broadcasting Corporation Delaware 4832 06-1469230
Jamboree in the Hills, Inc. Delaware 4832 55-0709712
Ladner Communications Holding Corp. Delaware 4832 13-3465060
Mountain Radio Corporation Delaware 4832 13-3401043
Music Hall Club, Inc. West Virginia 4832 55-0699199
Nelson Broadcasting Corporation Delaware 4832 13-3358975
O.C.C., Inc. Delaware 4832 13-3449243
Orange Communications, Inc. Delaware 4832 13-3387461
Osborn Entertainment Enterprises Corporation Delaware 4832 13-3465115
Osborn Sound & Communications Corp. Delaware 4832 34-1501274
RKZ Television, Inc. Delaware 4832 58-1740585
Rainbow Broadcasting Corporation Delaware 4832 63-1110166
Short Broadcasting Corporation Delaware 4832 31-1255866
SNG Holdings, Inc. Delaware 4832 13-3702089
Southeast Radio Holding Corp. Delaware 4832 06-1422492
Waite Broadcasting Corp. Delaware 4832 06-1142386
Yellow Brick Radio Corporation Delaware 4832 13-3401042
Ameron Broadcasting Corporation Delaware 4832 74-2818962
WNOK Acquisition Company, Inc. Delaware 4832 74-2818961
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
On October 16, 1996, Capstar Broadcasting Partners, Inc. (the
"Company") acquired Commodore Media, Inc. (the "Registrant"). The Company
engages Coopers & Lybrand L.L.P. as its independent accountants. As a result,
on May 3, 1997, the Registrant, with the approval of its Board of Directors,
dismissed Ernst & Young LLP ("Ernst & Young") as its independent accountants
and engaged Coopers & Lybrand L.L.P. Ernst & Young's reports on the financial
statements of the Company for fiscal years 1996 and 1995 are unqualified and do
not contain an adverse or disclaimer of opinion and were not modified as to
uncertainty, audit scope, or accounting principles. Additionally, no reportable
conditions or material weaknesses were identified during Ernst & Young's audits
of the financial statements for fiscal years 1996 and 1995. During Ernst &
Young's appointment as independent accounts, there were no disagreements on any
matter of accounting principles or practices, financial statement disclosure or
auditing scope of procedure which if not resolved to Ernst & Young's
satisfaction would have caused Ernst & Young to make reference to the subject
matter of the disagreement in connection with Ernst & Young's reports on the
Registrant's financial statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
16.1 Letter regarding change in certifying accountant
2
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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 thereunto duly authorized.
COMMODORE MEDIA, INC.
(Registrant)
By: /s/ William S. Banowsky, Jr.
-----------------------------------
Name: William S. Banowsky, Jr.
Title: Vice President
Date: May 3, 1997
Pursuant to the requirements of the Securities Exchange Act of 1934,
the additional registrants have duly caused this report to be signed on their
behalf by the undersigned hereunto duly authorized.
Commodore Media of Delaware, Inc.
Commodore Media of Kentucky, Inc.
Commodore Media of Pennsylvania, Inc.
Commodore Media of Norwalk, Inc.
Commodore Media of Florida, Inc.
Commodore Media of Westchester, Inc.
Atlantic Star Communications, Inc.
Danbury Broadcasting, Inc.
Capstar Acquisition Company, Inc.
Southern Star Communications, Inc.
Asheville Broadcasting Corp.
Atlantic City Broadcasting Corp.
Beatrice Broadcasting Corp.
Breadbasket Broadcasting Corporation
Corkscrew Broadcasting Corporation
Currey Broadcasting Corporation
Daytona Beach Broadcasting Corp.
Great American East, Inc.
Houndstooth Broadcasting Corporation
Jamboree in the Hills, Inc.
Ladner Communications Holding Corp.
Mountain Radio Corporation
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Nelson Broadcasting Corporation
O.C.C., Inc.
Orange Communications, Inc.
Osborn Entertainment Enterprises Corporation
Osborn Sound & Communications Corp.
RKZ Television, Inc.
Rainbow Broadcasting Corporation
Short Broadcasting Corporation
SNG Holdings, Inc.
Southeast Radio Holding Corp.
Waite Broadcasting Corp.
Yellow Brick Radio Corporation
Ameron Broadcasting Corporation
WNOK Acquisition Company, Inc.
By: /s/ William S. Banowsky Jr.
--------------------------------
Name: William S. Banowsky, Jr.
Title: Vice President
Date: May 3, 1997
Music Hall Club, Inc.
By: /s/ Larry Anderson
--------------------------------
Name: Larry Anderson
Title: President
Date: May 3, 1997
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INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
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16.1 Letter regarding change in certifying accountant
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EXHIBIT 16.1
May 7, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated May 3, 1997 of Commodore Media,
Inc. and are in agreement with the statements contained in the fourth through
sixth sentences therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
Ernst & Young LLP
