10-Q/A

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                -----------------

                                   FORM 10-Q/A
                                (AMENDMENT NO. 2)


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


For the quarterly period ended June 30, 1996      Commission File Number 0-24214




                             Katz Media Corporation
             (Exact name of registrant as specified in its charter)


            Delaware                                     13-3563605
 (State or other jurisdiction of            (I.R.S. Employer Identification No.)
 incorporation or organization)
 
 
                 125 West 55th Street, New York, New York 10019
               (Address of principal executive offices - Zip Code)
                                 (212) 424-6000
               (Registrant's telephone number including area code)

 
     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
Registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes [  ] No [X]*

     The Registrant  does not have any equity  securities  registered  under the
Securities Act of 1933, as amended.  All  outstanding  shares of Common Stock of
the Registrant are held indirectly by the Registrant's  ultimate parent company,
Katz Media Group, Inc.
 

*This document is being filed voluntarily.



                                      INDEX



 


                                                                        PAGE

Item 1 - Financial Statements

    Consolidated Balance Sheets......................................     2

    Consolidated Statements of Operations............................     3

    Consolidated Statements of Cash Flows............................     4

    Notes to Consolidated Financial Statements.......................     5

Item 2 - Management's Discussion and Analysis of
             Financial Condition and Results of Operations...........    6-8


Part II  Other Information

Item 1 - Legal Proceedings...........................................     9

Signatures...........................................................     9

Financial Data Schedule.............................................     10








                                   SIGNATURES

 

     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 thereunto duly authorized.


Dated:  August 13, 1996                            KATZ MEDIA CORPORATION


By:  /S/ THOMAS F. OLSON                           By: /S/ RICHARD E. VENDIG
     ________________________                          ______________________
     Thomas F. Olson                                   Richard E. Vendig
     President and                                     Senior Vice President
     Chief Executive Officer                           Chief Financial & 
     and Director                                      Administrative
                                                       Officer, Treasurer

                                      

EX-27

 


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