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GRAFF PAY-PER-VIEW DECLARES 20 PERCENT STOCK DIVIDEND

 NEW YORK, Feb. 10 /PRNewswire/ -- J. Roger Faherty, chairman of Graff Pay-Per-View Inc. (NASDAQ: GPPV), today announced that the company's board of directors has declared a 20 percent stock dividend. The dividend is payable March 8, 1993 to stockholders of record at close of business Feb. 22, 1993. Approximately 5,644,000 shares of the company's common stock are outstanding.
 Graff, one of the nation's largest participants in the emerging pay- per-view industry, owns and operates two satellite-delivered, 24-hour-a- day television networks featuring films and entertainment programs. Programming on the networks is sold on a pay-per-view basis through cable television systems to 7.5 million subscribers across the United States including Alaska and Hawaii. Graff's programming is also available in hotels through its "Guest Cinema" service, as well as to consumers with home satellite dish antennas. Additionally, Graff recently became the first programmer in the pay-per-view industry to offer U.S. cable operators eight channels of "continuous hits" programming delivered via satellite under the "TheatreVisioN" brand name. Founded in 1987, Graff has concentrated exclusively on the development of its pay-per-view business and has grown to become a leader in this industry.
 -0- 2/10/93
 /CONTACT: J. Roger Faherty chairman of Graff Pay-Per-View Inc., 212-941-1434, or Edward Silverman or Cynthia A. Bond of Silverman, Heller & Bond Inc., 212-682-9222/
 (GPPV)


CO: Graff Pay-Per-View Inc. ST: New York IN: ENT SU: DIV

LD-KW -- NY099 -- 5370 02/10/93 17:03 EST
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Publication:PR Newswire
Date:Feb 10, 1993
Words:239
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