ACME Television Announces Second Quarter and Year-to-Date 1998 Results

SANTA ANA, Calif., July 28, 1998 -- ACME Television LLC ("ACME TV") and its parent holding company, ACME Intermediate Holdings LLC ("ACME Intermediate") Tuesday announced their results of operations for the three- and six-months ended June 30, 1998:

          Three Months Ended June 30,       Six Months Ended June 30,
               1998        1997                1998          1997


(In $000s)


Net Revenues   $ 11,570    $    751            $ 19,327      $  1,396 
ACME TV 
Net Loss     ($  5,084)  ($    875)          ($  8,342)    ($  1,767)
ACME Intermediate 
Net Loss     ($  6,383)  ($    875)          ($ 10,853)    ($  1,767)
Broadcast Cash
Flow(a)       $  2,795   ($    422)           $  4,601     ($    724)


(a) Broadcast cash flow is defined as operating income, plus
Local Marketing Agreement ("LMA") fees, program amortization,
depreciation and amortization and non-cash compensation, less program
payments as adjusted to reflect reductions for impaired or expired
rights in connection with acquisitions.

The significant increase in the Company's revenues and broadcastcash flow for both the three-month and six-month 1998 periods over thecorresponding periods of the prior year relates primarily to theinclusion of KPLR Channel 11 in St. Louis, which the Company hasoperated under an LMA since Oct. 1, 1997, and completed itsacquisition of in March 1998. The increase in the net loss for thequarter reflects interest expense of approximately $3.7 million and$1.3 million on the ACME TV senior discount notes and ACMEIntermediate's senior secured discount notes issued in September 1997,respectively.

Similarly, the six-month net loss figures for 1998 includeinterest expense of approximately $7.3 million and $2.5 millionrelated to ACME TV senior discount notes and ACME Intermediate seniordiscount secured notes. Also included in the net loss for the threemonths ended June 30, 1998, is an approximate $1.8 million net chargerelated to the amortization of intangible assets at KPLR. Since theacquisition of KPLR was effective for accounting purposes on March 31,1998, there was no amortization expense incurred during the firstquarter of 1998.

On a pro-forma basis, ACME's net revenue increased 19 percent forboth the three- and six-months ended June 30, 1998, compared with thecorresponding prior year periods. Pro-forma broadcast cash flowincreased 60 percent and 67 percent for the three- and six-monthperiods compared with 1997 levels. These increases were drivenprimarily by improved performance at both KPLR and KWBP Channel 32serving the Portland, Ore., marketplace. Additionally, the Company'sstart-up stations positively impacted the pro-forma net revenuegrowth.

In addition to KPLR and KWBP, ACME TV currently owns and operatesthree other WB Network affiliates -- WBXX Channel 20, serving theKnoxville, Tenn., marketplace; KUWB Channel 30, serving the Salt LakeCity, Utah, marketplace, which the Company began managing pursuant toan LMA effective April 24, 1998; and WTVK Channel 46, serving the Ft.Myers/Naples, Fla., marketplace, which the Company began operatingunder an LMA on March 4, 1998. The Company completed its acquisitionof WTVK on June 30, 1998.

ACME TV also owns a construction permit to build KWBQ (formerlyKAUO) Channel 19 serving the Albuquerque, N.M., marketplace.

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CONTACT: ACME Television
         Thomas Allen
         Executive VP/CFO
         714-245-9499