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SOUTHERN STARR BROADCASTING GROUP ANNOUNCES DIVIDEND

 ALEXANDRIA, Va., May 11 /PRNewswire/ -- The board of directors of Southern Starr Broadcasting Group, Inc. (NASDAQ: SSBG) today announced the payment of a 5 percent stock dividend on June 11, 1993, to stockholders of record as of May 28, 1993.
 Robert E. Long, chairman and CEO, stated that financial results for the fiscal year ended March 31, 1993, justify the distribution of a stock dividend. The stock dividend policy, first implemented in 1992, conserves cash for acquisitions which management believes will produce a higher total return to stockholders over the long term.
 -0- 5/11/93
 /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

AW-JB -- FL015 -- 7127 05/11/93 14:08 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:128
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