
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SUNDAY, April 10, 1994                   TAG: 9404080053
SECTION: BUSINESS                    PAGE: F1   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

PARK COMMUNICATIONS INC.

The company: Park Communications operates eight television stations reaching 20.1 million viewers of 8 percent of the U.S. population, 22 radio stations reaching 42 million listeners or 17 percent of the population and 41 daily, 21 Sunday and 38 non-daily newspapers reaching 1.3 million households. It also publishes 65 non-daily publications with controlled circulations. Park was ranked in 1992 as the nation's 99th largest media company.\ \ Headquarters: Ithaca, N.Y.\ \ Virginia operations: WSLS-TV, a NBC affiliate in Roanoke; WTVR-TV, a CBS affiliate in Richmond; WTVR-AM/FM, radio stations in Richmond; The News-Virginian, a daily newspaper in Waynesboro; The Journal Messenger, a daily newspaper in Manassas; and controlled circulation publications Suburban Virginia Times (Manassas)\ Employees: 2,300\ \ Ownership: The company's common stock has traded in the Nasdaq market since October 1993. It's ticker symbol is PARC. Of the 20.7 million shares outstanding, about 9.6 percent are held by institutional investors. In the past 52 weeks, its stock has sold for $18 to $24 a share, most recently at about $22.\ Revenues (in millions) $172.1 $159.9 $149.2 $159.6 $163.1\ \ Net income (in millions) $18.8 $17.2 $11.9 $18.9 $18.7\ \ Earnings per share $0.91 $0.83 $0.57 $0.91 $0.91\ \ Board of directors:\ Dorothy D. Park, chairwoman of the company's board\ Harry F. Byrd Jr., president of Byrd Newspapers of Winchester, Va., and former U.S. senator from Virginia.\ J. Markham Green, limited partner, Goldman, Sachs & Co., New York.\ John F. McNair III, retired president and chief executive officer of Wachovia Bank of North Carolina, Winston-Salem, N.C.\ Roy H. Park Jr., chairman, president and chief executive officer of Park Outdoor Advertising of New York, Ithaca, N.Y. Wright M. Thomas, president and chief executive officer of Park Communications Inc.\ \ Sources: The company, Nelson's Investment Research Database

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