GBFE - GOLDEN BOOKS FAMILY ENTMT INC Message Board

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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC

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To: RSkarsten who wrote (24)	12/9/1998 5:28:00 PM
From: JEM	Read Replies (1) of 476

Golden Books Family Entertainment, Inc. Makes Announcement Business Wire - December 09, 1998 15:58 NEW YORK--(BUSINESS WIRE)--December 9, 1998--Golden Books Family Entertainment, Inc. (NASDAQ-GBFE) (the "Company") today updated the market on its ongoing restructuring efforts. While the Company continues its discussions with the Steering Committee representing the holders of its 7.65% Senior Notes due 2002, representatives of the 8.75% Convertible Trust Originated Preferred Securities due 2016 (the "TOPrS"), and other creditor constituencies in connection with a possible restructuring of its indebtedness, the Company is not proceeding with the transactions outlined in its press release of November 5, 1998. The Company has paid and will continue to pay its trade obligations. Golden Books Family Entertainment, Inc., is the leading publisher of children's books in North America and owns one of the largest libraries of family entertainment copyrights. The Company creates, publishes and markets entertainment products for children and families through all media. CONTACT: Investor/Press Contact: Philip Galanes Chief Administrative Officer Golden Books Family Entertainment 212-547-4466

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