MULTI-LOCAL MEDIA <MLMC.O> INITIAL OFFER STARTS
Lead underwriters Kidder, Peabody and
Co Inc and Shearson Lehman Brothers Holdings Inc <SHE> said an
initial public offering of two mln common shares of Multi-Local
Media Corp is underway at 10.50 dlrs a share.
    Underwriters have been granted an overallotment option to
purchase up to 300,000 more shares, it said.
 Reuter
