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SPORTS MEDIA ANNOUNCES EFFECTIVE DATE OF WARRANT OFFER

 NEW YORK, June 10 /PRNewswire/ -- Sports Media, Inc. (NASDAQ: SPTS), has announced that in order to provide a fair opportunity to all holders of its redeemable warrants, it will use May 13, 1993, the date of its first public announcement of its current enhanced warrant offer, in lieu of April 26, 1993, the official effective date of its prospectus, to compute the 45-day period during which the exercise price of its redeemable warrants is reduced from $6.50 per share to $2.50 per share.
 This results in the period of the enhanced offer concluding on June 28, 1993.
 -0- 6/10/93
 /CONTACT: Jeffrey S. Butler, chairman and chief executive officer of Sports Media, Inc., 212-308-6666/
 (SPTS)


CO: Sports Media, Inc. ST: New York IN: SU: OFR

SM-OS -- NY069 -- 0750 06/10/93 15:23 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 10, 1993
Words:137
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