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READING COMPANY ISSUES ANNOUNCEMENT

 PHILADELPHIA, Jan. 11 /PRNewswire/ -- Reading Company (NASDAQ: RDGCA) today announced that discussions with Craig Corporation (NYSE: CRG) concerning the purchase of Craig's 50 percent ownership interest in Stater Bros. Holdings, Inc. have been terminated.
 Reading stated that the parties had been unable to resolve certain tax and corporate aspects of the transaction to their mutual satisfaction. While the parties may resume discussions in the future, there is no present intention to pursue the transaction.
 Reading Company is a Philadelphia-based real estate holding company.
 -0- 1/11/93
 /CONTACT: James A. Wunderle of the Reading Company, 215-735-8300/
 (RDGC CRG)


CO: Reading Company; Craig Corporation; Stater Bros. Holdings, Inc. ST: Pennsylvania IN: SU:

CC-MK -- PH005 -- 5645 01/11/93 11:01 EST
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Publication:PR Newswire
Date:Jan 11, 1993
Words:120
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