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NATIONAL MEDIA CORPORATION MODIFIES FINANCING PLANS

 PHILADELPHIA, June 7 /PRNewswire/ -- National Media Corporation (NYSE: NM) announced today that in view of current market conditions it will not go forward with previously announced plans to file a registration statement for the sale of approximately 2 million shares of common stock by the company.
 Instead, the company and its financial advisers will consider other financing alternatives more appropriate to the current environment. While the company has not yet determined what form its financing arrangements will ultimately take, the proceeds of the financing would be used for the advance purchase of television air time, the development of new products and the production of new transactional television programming, to finance capital expenditures for the enhancement of information systems supporting the company's fulfillment and customer service operations, and for the repayment of term loan financing.
 National Media Corporation is the leading worldwide marketer of consumer products through direct response television, doing business in the United States and Canada, and in 20 other countries in Europe, the Middle East and the South Pacific.
 /delval/
 -0- 6/7/93
 /CONTACT: Craig Streem, vp-investor relations of National Media, 215-772-5000/
 (NM)


CO: National Media Corporation ST: Pennsylvania IN: ADV SU: OFR

MP-LJ -- PH007 -- 5897 06/07/93 09:44 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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