SANTA ANA, Calif., March 21, 2003 (PRIMEZONE) -- ACME Television, LLC and ACME Finance Corporation, wholly-owned subsidiaries of ACME Communications, Inc. (Nasdaq:ACME), announced today that they have terminated their cash tender offer and consent solicitation for their outstanding 10-7/8% Senior Discount Notes due 2004 (CUSIP No. 004812-AC-7) and have commenced the redemption of 100% of the issue. Notices were sent today by the Company to noteholders setting April 21, 2003 as the redemption date.
About ACME Communications
ACME Communications, Inc. owns and operates nine television stations serving markets covering 3.7% of the nation's television households, making the Company the fourth largest affiliate group of The WB Television Network. The Company's stations are: KUWB-TV, Salt Lake City, UT; KWBQ-TV and KASY-TV, Albuquerque-Santa Fe, NM; WBDT-TV, Dayton, OH; WBXX-TV, Knoxville, TN; WIWB-TV, Green Bay-Appleton, WI; WTVK-TV, Ft. Myers-Naples, FL; WBUI-TV, Champaign-Springfield-Decatur, IL and WBUW-TV, Madison, WI. All of the Company's stations, except KASY-TV, a UPN affiliate, are WB Network affiliates. ACME's shares are traded on the NASDAQ Stock Market under the symbol: ACME.