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SOUTHERN STARR BROADCASTING ANNOUNCES DIVIDEND

 SOUTHERN STARR BROADCASTING ANNOUNCES DIVIDEND
 ALEXANDRIA, Va., Oct. 28 /PRNewswire/ -- The board of directors of


Southern Starr Broadcasting Group, Inc. (NASDAQ: SSBG) today approved the payment of a 5 percent stock dividend on Nov. 23, 1992, to stockholders of record as of Nov. 9, 1992.
 Robert E. Long, chairman and CEO, stated that the company's dividend policy has been to distribute special cash dividends when capital gains are available from the sale of radio stations. The annual stock dividend policy, first implemented today, conserves cash for acquisitions which management believes will produce a higher total return to stockholders over the long term.
 -0- 10/28/92
 /CONTACT: William D. Motter of Southern Starr Broadcasting Group, 703-683-8488/
 (SSBG) CO: Southern Starr Broadcasting Group, Inc. ST: Virginia IN: TLS SU: DIV


JB-AW -- FL015 -- 6230 10/28/92 16:37 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 28, 1992
Words:138
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