SPORTS MEDIA MAKES $2,000,000 MEDIA PURCHASE
SPORTS MEDIA MAKES $2,000,000 MEDIA PURCHASE NEW YORK, July 30 /PRNewswire/ -- Sports Media Inc.
(NASDAQ: SPTS) today announced the purchase of $2,000,000 of television time from RepVision Inc.
This media will be used to market Sports Media's yearbooks in conjunction with other sports products. According to Alan Levine, president of Sports, "This television time provides a major opportunity to gain broad visibility for our sports products." The purchase consisted of 200,000 shares of Sports Media Inc. Non-Cumulative Convertible Preferred Stock, $10 par value. The preferred stock is convertible into 1.25 shares of Sports Media common stock at any time. Sports Media Inc. produces yearbooks and other sports publishing products for professional NFL, NHL and NBA teams. -0- 7/30/92 /CONTACT: Alan M. Levine, president of Sports Media, 212-308-6666/ (SPTS) CO: Sports Media Inc. ST: New York IN: PUB SU:
AL-EH -- LA003 -- 4928 07/30/92 08:50 EDT
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|Date:||Jul 30, 1992|
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