KATZ RESTRUCTURES, GOING PUBLIC

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NEW YORK-Katz Corp., the leading broadcast media sales representative, is taking itself public and has restructured its corporate hierarchy.

Tom Olson rises to president of the company from president of the Katz Television Group. He succeeds Peter Goulazian, who remains CEO.

In his new position, Mr. Olson will have responsibility for the company's three major operating units: the TV group, the Katz Radio Group and Seltel. Katz's cable interests continue reporting to Mr. Goulazian.

Jim Beloyianis succeeds Mr. Olson as president of the TV group, from exec VP.

Katz handles national ad sales for more than 1,700 radio stations, 325 TV stations and 125 cable TV systems.

Meanwhile, Katz has filed an S-1 registration statement for an initial public offering of shares of common stock with the Securities & Exchange Commission. Katz plans to apply for quotation of the common stock on the NASDAQ computerized stock exchange under the symbol KATZ.

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