ACME Television Announces First Quarter Results

Business Wire, May 14, 1998

SANTA ANA, Calif.--(BUSINESS WIRE)--May 14, 1998--ACME Television LLC ("ACME TV") and its parent holding company, ACME Intermediate Holdings LLC ("ACME Intermediate") Thursday announced its results of operations for the three months ended March 31, 1998: -0-

                                   Three Months Ended March 31,
                                      1998           1997

(In $000's)

Net Revenues                         $7,757         $  645
ACME TV Net Loss                    ($3,258)       ($  892)
ACME Intermediate Net Loss          ($4,470)       ($  892)
Broadcast Cash Flow(a)               $1,806        ($  302)

(a)   Broadcast cash flow is defined as operating income, plus LMA
      fees, program amortization, depreciation and amortization and
      non-cash compensation, less program payments as adjusted to
      reflect reductions for impaired or expired rights in connection
      with acquisitions.