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METROMEDIA COMMUNICATIONS CORP. AND RESURGENS COMMUNICATIONS GROUP ANNOUNCE MERGER PLANS

 EAST RUTHERFORD, N.J., Jan. 19 /PRNewswire/ -- Metromedia Company's subsidiary, Metromedia Communications Corporation (MCC) and Resurgens Communications Group, Inc. (AMEX: RCG) jointly announced today that they have signed a definitive agreement providing for the merger of Metromedia Communications and Resurgens.
 The new entity will be publicly traded. The merger is subject to regulatory and shareholder approval and to other customary closing conditions.
 Metromedia Communications Corp., based in East Rutherford, is the fourth-largest national full-service long distance telecommunications carrier in the U.S. Resurgens Communications Group, based in Atlanta, is a full-service long distance telephone company. The combined revenues of the companies are anticipated to be in excess of $500 million.
 -0- 1/19/93
 /CONTACT: Carole Smargon, 201-804-7275, or Jennefer Hirshberg, 202-467-3900, both of Metromedia/
 (RCG)


CO: Metromedia Communications Corp.; Resurgens Communications ST: New Jersey, Georgia IN: ENT SU: TNM

TS-PS -- NY001 -- 6145 01/19/93 08:46 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:149
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