content: <PAGE>
  <PAGE>    1
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                              Washington, D.C.  20549
  
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
       Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  
  Date of Report (Date of earliest event reported) April 5, 1995
  
                      Park Communications, Inc.
  
            Exact name of registrant as specified in its charter)
  
  
       Delaware            0-12743                  16-0986694
  (State or other    (Commission File Number)       (IRS Employer
  jurisdiction                                      Identification
  of incorporation)                                 No.)
  
  
  
                 Terrace Hill, Ithaca, N.Y. 14850
                      (Address of principal executive offices)
  
  Registrant's telephone number, including area code: 607-272-9020
  
  
                                N/A
  (Former name or former address, if changed since last report)<PAGE>
  <PAGE>    2
  
  Item 5.  Other Events.
  
            Set forth below is the text of a press release issued by the
  Registrant on April 5, 1995, reporting an unofficial announcement by the
  Federal Communications Commission (the "FCC") regarding its consent to the
  transfer of control of the Registrant and its broadcast licensee
  subsidiaries to Park Acquisitions, Inc. ("PAI") in connection with the sale
  of the Company to PAI for approximately $711.4 million.  On Monday, April
  10, 1995, the FCC released its order, a copy of which is attached as an
  exhibit hereto and is incorporated herein by reference.
  
       "On Wednesday, April 5, 1995, the Federal Communications Commission
       issued an unofficial announcement of Commission action consenting to
       the transfer of control of licenses held by Park Communications, Inc.
       to Park Acquisitions, Inc. in connection with the sale of 100 percent
       of the stock of the Company to Park Acquisitions, Inc. for
       approximately $711.4 million.  Release of the Commission's formal
       order is expected shortly.  Under the terms of the sale agreement, the
       order will become final thirty days after the date of release, absent
       a decision by the FCC to reconsider the order or an appeal of the
       order to the United States Court of Appeals.
  
       The sale of Park Communications, Inc. is also contingent upon approval
       of the transaction by the holders of at least 66 percent of the
       Company's issued and outstanding common stock.  The estate of the
       company's founder and former chairman and chief executive officer, Roy
       H. Park, which currently owns or controls approximately 80.1 percent
       of the company's issued and outstanding common stock, has agreed to
       vote the estate-held shares in favor of the transaction and has given
       a proxy to Park Acquisitions, Inc. and its acquisition subsidiary for
       these purposes.
  
       A stockholders' meeting for the purpose of voting on the transaction
       is being scheduled for early May, 1995."
  
  Item 7. Financial Statements, Pro Forms Financial Information and Exhibits
  
       (c)  Exhibits
  
            10 -- Federal Communications Commission Order dated April 10,
            1995, consenting to the transfer of Park Communications, Inc. and
            its broadcast licensee subsidiaries to Park Acquisitions, Inc.
  <PAGE>
  <PAGE>    3
  
            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.
  
  
                                PARK COMMUNICATIONS, INC.
  
       Date:     4/11/95        /s/ Wright M. Thomas
                           _____________________________
                                Wright M. Thomas
                           President, Chief Operating Officer,
                           Assistant Secretary and Director
  
       Date:     4/11/95        /s/ Randel N. Stair
                           _____________________________
                                Randel N. Stair
                           Vice President -- Chief Financial
                           Officer, Controller, Treasurer and Assistant
                           Secretary (Principal Financial Officer)
  
  
  <PAGE>
  <PAGE>    4
  
                                   EXHIBIT INDEX
  
  10 -- Federal Communications Commission Order dated April 10, 1995,
  consenting to the transfer of Park Communications, Inc. and its broadcast
  licensee subsidiaries to Park Acquisitions, Inc.
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text: 1
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                              Washington, D.C.  20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
       Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) April 5, 1995
  
                      Park Communications, Inc.
  
            Exact name of registrant as specified in its charter)
  
       Delaware            0-12743                  16-0986694
  (State or other    (Commission File Number)       (IRS Employer
  jurisdiction                                      Identification
  of incorporation)                                 No.)
  
                 Terrace Hill, Ithaca, N.Y. 14850
                      (Address of principal executive offices)
  
  Registrant's telephone number, including area code: 607-272-9020
  
                                N/A
  (Former name or former address, if changed since last report)
  2
  
  Item 5.  Other Events.
  
            Set forth below is the text of a press release issued by the
  Registrant on April 5, 1995, reporting an unofficial announcement by the
  Federal Communications Commission (the "FCC") regarding its consent to the
  transfer of control of the Registrant and its broadcast licensee
  subsidiaries to Park Acquisitions, Inc. ("PAI") in connection with the sale
  of the Company to PAI for approximately $711.4 million.  On Monday, April
  10, 1995, the FCC released its order, a copy of which is attached as an
  exhibit hereto and is incorporated herein by reference.
  
       "On Wednesday, April 5, 1995, the Federal Communications Commission
       issued an unofficial announcement of Commission action consenting to
       the transfer of control of licenses held by Park Communications, Inc.
       to Park Acquisitions, Inc. in connection with the sale of 100 percent
       of the stock of the Company to Park Acquisitions, Inc. for
       approximately $711.4 million.  Release of the Commission's formal
       order is expected shortly.  Under the terms of the sale agreement, the
       order will become final thirty days after the date of release, absent
       a decision by the FCC to reconsider the order or an appeal of the
       order to the United States Court of Appeals.
  
       The sale of Park Communications, Inc. is also contingent upon approval
       of the transaction by the holders of at least 66 percent of the
       Company's issued and outstanding common stock.  The estate of the
       company's founder and former chairman and chief executive officer, Roy
       H. Park, which currently owns or controls approximately 80.1 percent
       of the company's issued and outstanding common stock, has agreed to
       vote the estate-held shares in favor of the transaction and has given
       a proxy to Park Acquisitions, Inc. and its acquisition subsidiary for
       these purposes.
  
       A stockholders' meeting for the purpose of voting on the transaction
       is being scheduled for early May, 1995."
  
  Item 7. Financial Statements, Pro Forms Financial Information and Exhibits
  
       (c)  Exhibits
  
            10 -- Federal Communications Commission Order dated April 10,
            1995, consenting to the transfer of Park Communications, Inc. and
            its broadcast licensee subsidiaries to Park Acquisitions, Inc.
  3
  
            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.
  
                                PARK COMMUNICATIONS, INC.
  
       Date:     4/11/95        /s/ Wright M. Thomas
                           _____________________________
                                Wright M. Thomas
                           President, Chief Operating Officer,
                           Assistant Secretary and Director
  
       Date:     4/11/95        /s/ Randel N. Stair
                           _____________________________
                                Randel N. Stair
                           Vice President -- Chief Financial
                           Officer, Controller, Treasurer and Assistant
                           Secretary (Principal Financial Officer)
  4
  
                                   EXHIBIT INDEX
  
  10 -- Federal Communications Commission Order dated April 10, 1995,
  consenting to the transfer of Park Communications, Inc. and its broadcast
  licensee subsidiaries to Park Acquisitions, Inc.