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MULTIMEDIA, INC. FILES FORM S-3 REGISTRATION STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION

 MULTIMEDIA, INC. FILES FORM S-3 REGISTRATION STATEMENT
 WITH THE SECURITIES AND EXCHANGE COMMISSION
 GREENVILLE, S.C., March 19 /PRNewswire/ -- Multimedia, Inc. (NASDAQ-NMS: MMEDC), a media communications company headquartered in Greenville, South Carolina, today announced the filing of a Form S-3 Registration Statement with the Securities and Exchange Commission of Multimedia Common Stock which stock may be issued pursuant to stock options earned and to be earned by Sally Jessy Raphael during the period Jan. 1, 1991 through Dec. 31, 1995. Robert E. Hamby, Jr., Chief Financial Officer and Treasurer of Multimedia, said that the filing was not pursuant to Ms. Raphael currently exercising the stock options and selling the Multimedia stock. The registration states that "Ms. Raphael had no specific intent to sell any shares" at this time. The stock registered for Raphael is for 180,000 shares of Multimedia Common Stock which are authorized, but not yet issued. Thus, the registration is filed so that future exercise of the options and sale of the stock will not result in the stock being treated as unregistered ("lettered") stock.
 Raphael is the host of "Sally Jessy Raphael," a daily talk show produced and syndicated by Multimedia Entertainment, a division of Multimedia, Inc., which is seen in 190 U.S. markets, the United Kingdom, Canada, Hong Kong and Thailand. Multimedia, Inc. is a diversified media communications company which publishes 12 daily and 49 non-daily newspapers, owns and operates five television and eight radio stations and a video production company, operates more than 100 cable franchises in four states and produces and syndicates quality television programming, including the Donahue and Sally Jessy Raphael shows.
 -0- 3/19/92
 /CONTACT: Elizabeth S. Mills, Vice President-Corporate Communications, Multimedia, Inc., 803-298-4393 or 803-298-4389/
 (MMEDC) CO: Multimedia, Inc.; Multimedia Entertainment ST: South Carolina IN: TLS SU:


JZ -- CH005 -- 9657 03/19/92 11:57 EST
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Publication:PR Newswire
Date:Mar 19, 1992
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