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PATHE COMMUNICATIONS CORP. AND MGM-PATHE COMMUNICATIONS CO. FILE FOR 15-DAY EXTENSION FOR FILING THEIR YEAR-END FINANCIAL STATEMENTS

PATHE COMMUNICATIONS CORP. AND MGM-PATHE COMMUNICATIONS CO. FILE FOR
 15-DAY EXTENSION FOR FILING THEIR YEAR-END FINANCIAL STATEMENTS
 CULVER CITY, Calif., March 30 /PRNewswire/ -- Pathe Communications Corp. (NYSE: PCC) and MGM-Pathe Communications Co. (NYSE: MGM) announced today that both companies have filed for an automatic 15-day extension for filing their year-end financial statements as part of their respective Form 10-Ks with the Securities and Exchange Commission.
 New management of Pathe, which took office on Feb. 3, 1992, is currently reviewing certain transactions that occurred in prior years under previous management, including the related financial statement reporting and disclosure. Consequently, Pathe and MGM have not yet been able to finalize their financial statements for the fiscal year ended Dec. 31, 1991. Both companies expect to file their respective financial statements in amended Form 10-Ks within the 15-day extension period and will report very substantial losses for the year.
 MGM is involved in the worldwide production and distribution of motion picture and television programs and operates theaters in Europe. Pathe is a holding company, the principal asset of which is 98.5 percent of the outstanding stock of MGM.
 -0- 3/30/92
 /CONTACT: Craig A. Parsons of Rifkind Pondel & Parsons, 310-207-9300, for MGM-Pathe Communications Co./
 (PCC MGM) CO: Pathe Communications Corp.; MGM-Pathe Communications Co. ST: California IN: ENT SU:


EH -- LA022 -- 3041 03/30/92 16:22 EST
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Publication:PR Newswire
Date:Mar 30, 1992
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