SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-KCURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
Date of Report (Date of earliest event reported): May 6, 1997LANCIT MEDIA ENTERTAINMENT, LTD.
(Exact name of registrant as specified in its charter)
New York 1-10781 13-3019470
(State or other jurisdiction Commission I.R.S. Employer
of incorporation) File Number Identification No.
601 West 50th St., New York, NY10019
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (212)977-9100
ITEM 4. CHANGES IN REGISTRANT S CERTIFYING ACCOUNTANT.
On May 6, 1997, Lancit Media Entertainment, Ltd. (the "Registrant")
dismissed the accounting firm of Feldman Radin & Co., P.C. ("F&R"). On May 7,1997, the Registrant engaged the accounting firm of Ernst & Young LLP ("E&Y") to
be the Registrant's auditors for the current fiscal year, which ends June 30,1997. The Registrant's Board of Directors approved the decision to change
accountants upon the recommendation of the Registrant's Audit Committee. Prior
to engaging E&Y, the Registrant has not consulted with E&Y with respect to any
accounting, auditing or financial reporting issue.
During the period of engagement of F&R there have been no
"disagreements" between the Registrant and F&R on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure or any "reportable events", as those terms are defined in Item 304 of
F&R's reports on the financial statements for each of the past two
years did not contain an adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
16.1 Letter from Feldman Radin & Co., P.C.
pursuant to Item 304(a)(3) of Regulation S-K.
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.
LANCIT MEDIA ENTERTAINMENT, LTD.
By: /s/LAURENCE A. LANCITLaurence A. Lancit
Dated: May 7, 1997