Exhibit 99.1

(EMERSON LOGO)

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NEWS & INFORMATION

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FOR:                 EMERSON RADIO CORP.
                     9 Entin Road
                     Parsippany, NJ 07054-0430

CONTACT:             EMERSON RADIO CORP.        OR    INVESTOR RELATIONS:
                     Kenneth A. Corby                 Laura Boorn
                     Executive Vice President,        Investor Relations Manager
                     Chief Financial Officer          (972) 884-2302
                     (972) 884-2302

Monday, June 30 2003

                     FOR IMMEDIATE RELEASE


                        EMERSON EXTENDS FILING FORM 10-K

        ** ON-GOING GOODWILL VALUATION BY SPORTING GOODS SEGMENT CITED **


PARSIPPANY, N.J., June 30, 2003 - Emerson Radio Corp. (AMEX:MSN) announced today
it had filed with the Securities and Exchange Commission a request to extend the
filing date of its Form 10-K for the fiscal year ended March 31, 2003.

Kenneth A. Corby, Executive Vice President and Chief Financial Officer stated,
"Sport Supply Group ("SSG"), our 53% owned subsidiary, extended the filing date
of its Form 10-K in order to complete the valuation process of its Goodwill as
required by newly implemented accounting standards. Accordingly, this required
Emerson to extend its filing date. We anticipate filing Emerson's Form 10-K by
the extended due date of July 14, 2003 once SSG's final results are available."


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This press release other than the historical information, consists of
"forward-looking statements" (as defined in the Private Securities Litigation
Reform Act of 1995) which are identified by the use of words such as "believes",
"expects", "projects", and similar expressions. While these statements reflect
the Company's current beliefs and are based on assumptions that the Company
believes are reasonable, they are subject to uncertainties and risks that could
cause actual results to differ materially from anticipated results. These risks
and uncertainties are detailed from time to time in the Company's filings with
the Securities and Exchange Commission, including the Company's reports on Form
10-K, 10-Q and 8-K.



EMERSON RADIO CORP., founded in 1948, is headquartered in Parsippany, N.J. The
Company designs, markets and licenses, throughout the world, full lines of
televisions, and other video products, microwave ovens, clocks, radios, audio
and home theater products. Its 53% owned subsidiary, Sport Supply Group, Inc. is
a direct marketer of sports-related equipment and leisure products to the
institutional market, including schools, colleges, universities, government
agencies, military facilities, athletic clubs, athletic teams and dealers, youth
sports leagues and recreational organizations. Emerson's web site is
www.emersonradio.com.


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