SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C. 20549
                               
                           FORM 8-K


      CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
           THE SECURITIES AND EXCHANGE ACT OF 1934



DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): November 25, 1996

Commission File No. 1-106



                               LYNCH CORPORATION                           
  
    (Exact name of Registrant as specified in its charter)


              Indiana                                        38-1799862    
  
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                            Identification
No.)


8 Sound Shore Drive, Suite 290, Greenwich, Connecticut   06830             
  
 (Address of principal executive offices)                (Zip code)


                              (203) 629-3333                               
  
      Registrant's telephone number, including area code


                                                


<PAGE>
ITEM 5.  OTHER EVENTS


    On November 25, 1996, a subsidiary of Registrant closed the
acquisition of the stock of Dunkirk & Fredonia Telephone Company.  The
purchase price for the stock was approximately $22 million.   
Registrant's subsidiary borrowed approximately $20.5 million in connection
with the purchase, a portion of which was guaranteed by Registrant under
certain circumstances.

    On December 5,1996, Registrant announced that is examining the
possibility of splitting, through a spin-off, either its multimedia
operations or its manufacturing operations.  There are a number of matters
to be examined in connection with a possible spin-off, including tax
consequences, and there is no assurance that such a spin-off will be
effected.

    
    Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                        LYNCH CORPORATION



Date: December 9, 1996                    By:/s/ Robert E. Dolan
                                               Robert E. Dolan
                                                 Chief Financial Officer
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C. 20549
                               
                           FORM 8-K

      CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
           THE SECURITIES AND EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): November 25, 1996

Commission File No. 1-106

                               LYNCH CORPORATION                           
  
    (Exact name of Registrant as specified in its charter)

              Indiana                                        38-1799862    
  
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                            Identification
No.)

8 Sound Shore Drive, Suite 290, Greenwich, Connecticut   06830             
  
 (Address of principal executive offices)                (Zip code)

                              (203) 629-3333                               
  
      Registrant's telephone number, including area code
ITEM 5.  OTHER EVENTS

    On November 25, 1996, a subsidiary of Registrant closed the
acquisition of the stock of Dunkirk & Fredonia Telephone Company.  The
purchase price for the stock was approximately $22 million.   
Registrant's subsidiary borrowed approximately $20.5 million in connection
with the purchase, a portion of which was guaranteed by Registrant under
certain circumstances.

    On December 5,1996, Registrant announced that is examining the
possibility of splitting, through a spin-off, either its multimedia
operations or its manufacturing operations.  There are a number of matters
to be examined in connection with a possible spin-off, including tax
consequences, and there is no assurance that such a spin-off will be
effected.

    
    Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                        LYNCH CORPORATION

Date: December 9, 1996                    By:/s/ Robert E. Dolan
                                               Robert E. Dolan
                                                 Chief Financial Officer