| Ticker: PGTV | 5 Radnor Corporate Center, Suite 454, 100 Matsonford Road | |
| Exchange: NASDAQ-National Market | Radnor, Pennsylvania 19087 | |
| Industry: Service | (610) 341-1801 |
| Type of Shares: | Class A Common Shares | Filing Date: | 6/3/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 10/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $45,000,000 | Selling: | $0.55 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 9,084,509 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| BT Securities Corporation | Co-manager | (212) 250-5000 |
| CIBC Wood Gundy Securities Corp. | Co-manager | |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $32.15 | $8.43 | $6.71 | Assets: | $100.94 |
| Net Income: | $2.05 | -$3.11 | -$2.41 | Liabilities: | $103.69 |
| EPS: | Equity: | -$2.75 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a media and communications company which operates in broadcast, cable and satellite television. The company owns five Fox affiliated television stations. The Company is a diversified media and communications company operating in three business segments: broadcast television, direct broadcast satellite television, and cable television. The Company has grown through the acquisition and operation of media and communications properties characterized by clearly identifiable "franchises" and significant operating leverage, which enables increases in revenues to be converted into disproportionately greater increases in Location Cash Flow. After giving effect to the Transactions, the Company would have had proforma net revenues and EBITDA of 49.4 million dollars and 14.1 million dollars, respectively, for the twelve months ended March 31, 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the acquisitions of both a cable system in Puerto Rico and the Direct TV rights to parts of Michigan and Texas, funds will also go toward repayment of debt. |
©1996 IPO Data Systems, Inc. - All rights reserved.