FORM 10-Q

             U.S. SECURITIES AND EXCHANGE COMMISSION

                      Washington, DC 20549

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


               For the Quarter Ended June 30, 1999


                  Commission File Number 1-9014


                       Chyron Corporation

     (Exact name of registrant as specified in its charter)


           New York                          11-2117385
 (State or other jurisdiction               (IRS Employer
      of Incorporation or                Identification No.)
         organization)

  5 Hub Drive, Melville, New                    11747
             York
     (Address of principal                   (Zip Code)
      executive offices)

                         (516) 845-2000
      (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  X                 No __

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date.


         Common Stock $.01 Par Value - 32,086,489 as of

                         August 6, 1999


               This document consists of 19 pages


                       CHYRON CORPORATION

                              INDEX



PART I      FINANCIAL INFORMATION                            Page

Item 1.     Financial Statements
              Consolidated Balance Sheets as of June 30,
            1999 (unaudited) and December 31, 1998              3
              Consolidated Statements of Operations
            (unaudited) for the Three Months ended
               June 30, 1999 and 1998                           4
              Consolidated Statements of Operations
            (unaudited) for the Six Months ended June
               30, 1999 and 1998                                5
              Consolidated Statements of Cash Flows
            (unaudited) for the Six Months ended June
               30, 1999 and 1998                                6
              Notes to Consolidated Financial Statements
            (unaudited)                                         7

Item 2.     Management's Discussion and Analysis of
            Financial Condition and  Results of Operations     11

Item 3.     Quantitative and Qualitative Disclosure about
            Market Risk                                        16


PART II     OTHER INFORMATION

Item 1.     Legal Proceedings                                  17

Item 2.     Changes in Securities                              17
Item 3.     Defaults Upon Senior Securities                    17

Item 4.     Submission of Matters to a Vote of Security
            Holders                                            17

Item 5.     Other Information                                  18

Item 6(a)   Exhibits                                           18

Item 6(b)   Reports on Form 8-K                                18

Signatures                                                     19




                       CHYRON CORPORATION
                   CONSOLIDATED BALANCE SHEETS
               (In thousands except share amounts)


                             ASSETS

                                            (Unaudited)  December
                                             June 30,      31,
                                               1999        1998
Current assets:
  Cash and cash equivalents                 $    988     $ 1,585
  Accounts receivable, net                    12,351      18,396
  Inventories, net                            14,759      19,378
  Deferred tax assets                                      4,726
  Prepaid expenses and other current
   assets                                      2,401       1,982
   Total current assets                       30,499      46,067

Property and equipment                        11,743      12,545
Excess of purchase price over net tangible
 assets acquired                               4,854       5,104
Investments                                    1,286       2,286
Software development costs                     1,795       4,458
Deferred tax assets                                        8,343
Other  assets                                  4,528       4,313
TOTAL ASSETS                                 $54,705     $83,116

              LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable and accrued expenses     $13,004      $14,136
  Current portion of long-term debt             449        1,512
  Capital lease obligations                     473          383
   Total current liabilities                 13,926       16,031

Long-term debt                               14,378       13,486
Capital lease obligations                       330          515
Other liabilities                             3,695        3,314
   Total liabilities                         32,329       33,346

Commitments and contingencies

Shareholders' equity:
Preferred stock, par value without
designation
  Authorized - 1,000,000 shares, Issued -
  none
Common stock, par value $.01
Authorized - 150,000,000 shares
  Issued and outstanding -
  32,086,483 at June 30, 1999 and
  32,058,020 at December 31, 1998               321          321
Additional paid-in capital                   44,073       44,021
Accumulated deficit/retained earnings       (22,238)       4,790
Accumulated other comprehensive income          220          638
  Total shareholders' equity                 22,376       49,770
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY  $54,705      $83,116




         See Notes to Consolidated Financial Statements


                       CHYRON CORPORATION
              CONSOLIDATED STATEMENTS OF OPERATIONS
            THREE MONTHS ENDED JUNE 30, 1999 AND 1998
             (In thousands except per share amounts)


                           (Unaudited)

                                                  1999       1998

Net sales                                      $16,199    $21,096
Cost of products sold                           11,035     11,416
Gross profit                                     5,164      9,680

Operating expenses:
  Selling, general and administrative            7,363      8,966
  Research and development                       1,995      2,506
  Restructuring and other nonrecurring
   charges                                       6,681      3,979

Total operating expenses                        16,039     15,451

Operating loss                                (10,875)    (5,771)

Interest and other expense, net                    227        478

Loss before provision (benefit) for income
taxes                                         (11,102)    (6,249)

Provision (benefit) for income taxes            14,076    (1,417)

Net loss                                     $(25,178)   $(4,832)

Net loss per common share - basic and
diluted                                         $(.78)   $  (.15)

Weighted average shares used in computing
net loss per common share - basic and
diluted                                         32,086     32,072









         See Notes to Consolidated Financial Statements



                       CHYRON CORPORATION
              CONSOLIDATED STATEMENTS OF OPERATIONS
             SIX MONTHS ENDED JUNE 30, 1999 AND 1998
             (In thousands except per share amounts)


                           (Unaudited)

                                                  1999       1998

Net sales                                      $31,197    $42,621
Cost of products sold                           19,286     22,219
Gross profit                                    11,911     20,402

Operating expenses:
  Selling, general and administrative           14,640     16,685
  Research and development                       3,839      5,016
  Restructuring and other nonrecurring
  charges                                        6,681      3,979

Total operating expenses                        25,160     25,680

Operating loss                                (13,249)    (5,278)

Interest and other expense, net                    529        836

Loss before provision (benefit) for income
taxes                                         (13,778)    (6,114)

Provision (benefit)  for income taxes           13,250    (1,316)

Net loss                                     $(27,028)   $(4,798)

Net loss per common share - basic and
diluted                                       $  (.84)    $ (.15)

Weighted average shares used in computing
net loss per common share - basic and
diluted                                         32,080     32,072








         See Notes to Consolidated Financial Statements


                       CHYRON  CORPORATION
              CONSOLIDATED STATEMENTS OF CASH FLOWS
             SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                         (In thousands)
                           (Unaudited)

                                                  1999       1998
CASH FLOWS FROM OPERATING ACTIVITIES

Net loss                                     $(27,028)   $(4,798)
Adjustments  to reconcile net  loss  to  net
cash provided by operating activities:
  Restructuring and other nonrecurring
  charges                                        6,681      3,979
  Depreciation and amortization                  2,671      2,600
  Deferred income tax (benefit)                 13,334    (1,590)
Changes in operating assets and liabilities:
  Accounts receivable                            5,752        997
  Inventories                                    2,854      3,772
  Prepaid expenses and other assets              (708)    (1,396)
  Accounts payable and accrued expenses        (2,118)    (3,163)
  Other liabilities                                170      2,787
Net cash provided by operating activities        1,608      3,188

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisitions of property and equipment           (250)    (1,381)
Capitalized software development               (1,850)    (1,573)
Net cash used in investing activities          (2,100)    (2,954)

CASH FLOWS FROM FINANCING ACTIVITIES

Paydown of expiring credit facility            (8,493)
Net proceeds from new credit facility            8,688
Payments of term loan                            (500)    (1,000)
Borrowings from (payments to)  revolving
credit agreements, net                             243       (60)
Proceeds from issuance of convertible debt         159
Payments of capital lease obligations            (201)      (232)
Net cash used in financing activities            (104)    (1,292)

Effect of foreign currency rate fluctuations
on cash and cash equivalents                       (1)          2

Change in cash and cash equivalents              (597)    (1,056)

Cash  and  cash equivalents at beginning  of
period                                           1,585      2,968
Cash and cash equivalents at end of period     $   988     $1,912






         See Notes to Consolidated Financial Statements



           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           (UNAUDITED)


1.   BASIS OF PRESENTATION

     In  the  opinion  of management of Chyron  Corporation  (the
"Company"),  the  accompanying  unaudited  consolidated   interim
financial statements reflect all adjustments (consisting of  only
normal  recurring  adjustments) necessary to present  fairly  the
financial  position of the Company as of June 30,  1999  and  the
consolidated results of its operations and its cash flows for the
periods  ended June 30, 1999 and 1998.  The results of operations
for  such interim periods are not necessarily indicative  of  the
results  that  may be expected for the year ending  December  31,
1999.  Certain  information  and  footnote  disclosures  normally
included  in  financial statements prepared  in  accordance  with
generally  accepted  accounting  principles  have  been   omitted
pursuant  to  the  rules and regulations of  the  Securities  and
Exchange  Commission.   For  further information,  refer  to  the
consolidated financial statements and footnotes thereto  included
in  the  Company's Annual Report on Form 10-K for the year  ended
December 31, 1998.  The December 31, 1998 figures included herein
were derived from such audited consolidated financial statements.
Certain  reclassifications have been made to the  1998  financial
statements to conform to the 1999 method of presentation.

2.   ACCOUNTS RECEIVABLE

     Accounts  receivable  is  stated net  of  an  allowance  for
doubtful  accounts of $3,865,000 and $3,881,000 at June 30,  1999
and December 31, 1998, respectively.

3.   INVENTORIES

     Inventories,  net of obsolescence reserves, consist  of  the
following (in thousands):

                         June 30,     December 31,
                           1999           1998
     Finished goods     $  6,918     $  7,266
     Work-in-process       1,802        3,048
     Raw material          6,039        9,064
                         $14,759      $19,378


4.   LONG-TERM DEBT

     On  March  29,  1999, the Company entered  into  a  new  $12
million credit facility which expires March 31, 2002. Under  this
facility, the Company borrowed $2 million in the form of  a  term
loan  and can obtain revolving credit loans based on its eligible
accounts  receivable  and  inventory  for  the  balance  of   the
facility.  Total borrowings at closing were $8.7  million.  These
borrowings  were  used  primarily to  pay  down  the  outstanding
balance  under  the  expiring credit facility  of  $8.5  million,
including $500,000 outstanding on a term loan.


     The   term  loan  requires  no  principal  payments  through
September  30, 1999, $25,000 per month for the period October  1,
1999 through September 30, 2000, $75,000 per month for the period
October 1, 2000 through September 30, 2001 and $133,333 per month
from  October 1, 2001 through March 31, 2002. Interest is payable
monthly  at LIBOR plus 1.875% (6.9% at June 30, 1999),  or  at  a
rate  based  on Prime. The Company must pay a monthly  commitment
fee equal to one half of 1% per annum on the daily unused portion
of the facility.

     The   entire  facility  is  secured  by  Chyron's   accounts
receivable  and inventory and the common stock of  Pro-Bel.   The
agreement  contains requirements for levels of  operating  income
and  prohibits the Company from paying dividends in excess of 25%
of net income in any fiscal year.

      As of June 30, 1999, the Company was not in compliance with
certain  financial covenants for which it obtained  waivers  from
its lender.


5.   RESTRUCTURING AND OTHER NONRECURRING CHARGES

     The  delay in the rollout of HDTV by broadcasters and  their
reluctance   to   purchase  analog  equipment  has  significantly
impacted  the  Company's  ability to achieve  desired  levels  of
operating  results. To weather this difficult time and to  better
position  itself  for  the  future, the  Company  has  critically
evaluated its product lines and its position in the industry. The
results  of  this  evaluation  are a  more  focused  strategy  on
products  that serve a broader spectrum of delivery  options  and
the  elimination  of  certain non-producing products  which  will
allow   the  Company  to  be  in  a  better  position  to  remain
competitive  through  the difficult times  facing  the  industry.
During   the  second  quarter  of  1999,  the  Company   recorded
nonrecurring charges totaling $6.7 million, of which $5.0 million
was  directly related to the change in strategy. These  primarily
non-cash restructuring and nonrecurring charges include the write-
down  of  certain capitalized software of $3.6 million, inventory
write-downs  due to changes in product strategy of $1.0  million,
severance  costs of $0.4 million resulting from staff reductions,
the  write-down of $1 million of an equity investment  and  other
charges  related to an adjustment to deferred maintenance revenue
totaling  $0.7  million.  The only component of the  charge  that
will  require  a  cash outlay is severance of approximately  $0.4
million. Following this restructuring, future operating costs are
expected to be reduced by approximately $0.8 million per quarter.


6.   INCOME TAXES

      In  the  second quarter of 1999, the Company established  a
full  valuation allowance of $14 million against its net deferred
tax   asset.  The  Company's  net  deferred  tax  asset  includes
substantial   amounts   of  net  operating  loss   carryforwards.
Inability  to  generate  taxable income within  the  carryforward
period  would  affect  the ultimate realization  of  such  asset.
Consequently,  management determined that sufficient  uncertainty
exists  regarding the realization of this asset  to  warrant  the
establishment of the allowance.


7.   SUBSEQUENT EVENT

     During  July  1999, the Company raised $4.0 million  through
the  issuance  of  8%  subordinated  convertible  debentures  due
December 31, 2003, to certain of its existing shareholders,  some
of  whom  are  directors  of  the  Company.  The  debentures  are
convertible,  at any time, at the option of the holders  thereof,
into common stock of the Company at a conversion price of  $1 5/8
per  share  (the  closing price immediately preceding  the  issue
date).  The debentures may be redeemed by the Company, commencing
one  year from issue date, for a price equal to the principal and
accrued  but unpaid interest at the redemption date. Interest  is
payable quarterly. Interest may be paid in the form of additional
debentures until July 15, 2001. These funds will be used to build
the restructured operations and to fund research and development,
particularly for certain Internet initiatives. The notes have not
been  registered under the Securities Act of 1933 and may not  be
offered  or sold in the United States absent registration  or  an
applicable  exemption  from  the  registration  requirements.  In
addition, in order for the debentures purchased by funds  managed
by  Weiss Peck & Greer LLC to be converted into shares of  common
stock,   under  the  rules  of  the  New  York  Stock   Exchange,
shareholder  approval is required. In the event that  shareholder
approval  is not given, the debentures owned by such  funds  will
not  be convertible. The Company intends to seek such shareholder
approval in the immediate future.


8.   SEGMENT INFORMATION

     Chyron's  businesses are organized, managed  and  internally
reported  as  two  segments. The segments,  which  are  based  on
differences  in products and technologies, are Graphics  Products
and  Media  Management Systems. The accounting  policies  of  the
segments  are  the  same as those described in  the  "Summary  of
Significant  Accounting  Policies"  included  in  the   Company's
Financial Statements contained in its Annual Report on Form  10-K
for  the  year  ended  December  31,  1998.  The  Company  is  an
integrated    organization   characterized   by   interdivisional
cooperation,   cost   allocations   and   inventory    transfers.
Therefore, management does not represent that these segments,  if
operated  independently, would report the  financial  information
shown below.



Business Segment
Information
(In thousands)
                                                         Media
                                        Graphics(1) Management
Three months ended June 30,
1999
  Net sales                                 $ 6,875    $ 9,324
  Operating loss                           (10,563)      (312)
  Depreciation
   and amortization                             587        757

Three months ended June 30,
1998
  Net sales                                   9,560     11,536
  Operating loss                            (4,976)      (795)
  Depreciation
   and amortization                             516      1,164

June 30, 1999
      Identifiable assets                    19,891     34,814


Geographic Areas
                                United       Europe      Other
                             States(1)
Three months ended June 30,
1999
  Net sales                    $ 9,671      $ 5,703  $     825
  Operating loss               (9,498)      (1,178)      (199)

Three months ended June 30,
1998
  Net sales                      9,865       10,187      1,044
  Operating loss               (4,661)        (286)      (824)

June 30, 1999
      Identifiable assets       22,568       32,072         65





(1)  Includes  restructuring and other  nonrecurring  charges  of
$6,681  and $3,979 for the three months ended June 30,  1999  and
1998, respectively.



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS

     From  time  to time, including in this Quarterly  Report  on
Form  10-Q,  the  Company may publish forward-looking  statements
relating  to  such matters as anticipated financial  performance,
business  prospects, technological developments, changes  in  the
industry,  new products, research and development activities  and
similar matters.  The Private Securities Litigation Reform Act of
1995  provides a safe harbor for such forward-looking statements.
In order to comply with the terms of the safe harbor, the Company
notes  that a variety of factors could cause the Company's actual
results   to  differ  from  the  anticipated  results  or   other
expectations   expressed   in   the   Company's   forward-looking
statements.   The  risks and uncertainties that  may  affect  the
operations, performance, development and results of the Company's
business include, but are not limited to, the following:  product
concentration  in  a mature market, dependence  on  the  emerging
digital  market and the industry's transition to  DTV  and  HDTV,
consumer  acceptance  of  DTV  and HDTV,  resistance  within  the
broadcast or cable industry to implement DTV and HDTV technology,
rapid  technological changes, new technologies that could  render
certain  Chyron  products to be obsolete,  a  highly  competitive
environment,  competitors  with significantly  greater  financial
resources, new product introductions by competitors, seasonality,
fluctuations in quarterly operating results, ability to  maintain
adequate  levels of working capital, expansion into  new  markets
and   the   Company's  ability  to  successfully  implement   its
acquisition and strategic alliance strategy.

Results of Operations

Overview

     This  discussion  should  be read in  conjunction  with  the
Consolidated Financial Statements, including the Notes thereto:

Comparison of the Three Months Ended June 30, 1999 and 1998

     The  delay in the rollout of HDTV by broadcasters and  their
reluctance   to   purchase  analog  equipment  has  significantly
impacted  the  Company's  ability to achieve  desired  levels  of
operating  results. To weather this difficult time and to  better
position  itself  for  the  future, the  Company  has  critically
evaluated its product lines and its position in the industry. The
results  of  this  evaluation  are a  more  focused  strategy  on
products  that serve a broader spectrum of delivery  options  and
the  elimination  of  certain non-producing products  which  will
allow   the  Company  to  be  in  a  better  position  to  remain
competitive  through  the difficult times  facing  the  industry.
During   the  second  quarter  of  1999,  the  Company   recorded
nonrecurring charges totaling $6.7 million, of which $5.0 million
was  directly related to the change in strategy. These  primarily
non-cash restructuring and nonrecurring charges include the write-
down  of certain capitalized software, inventory write-downs  due
to  changes  in product strategy, severance costs resulting  from
staff reductions and the write-down of an equity investment.  The
only  component of the charge that will require a cash outlay  is
severance   of   approximately  $0.4  million.   Following   this
restructuring, future operating costs are expected to be  reduced
by approximately $0.8 million per quarter.

     During  the  second  quarter of 1998, management  determined
that  it  would be in the Company's best interest to implement  a
restructuring  plan and refocus its efforts on its core  products
of  graphics,  routing  and automation for television  broadcast,
cable   and   post  production  industries.  This  product   line
restructuring  included the sale of Trilogy; the modification  of
the  Company's  investment  in  RT-SET;  the  reorganization   of
Chyron's sales and marketing organization; and the disposition of
the   Concerto  Division.  As  a  result,  the  Company  recorded
restructuring and other nonrecurring charges of $3,979,000 during
the second quarter of 1998.

     Sales  for  the  quarter  ended June  30,  1999  were  $16.2
million.  This  represents a decrease of $4.9  million,  or  23%,
compared to the $21.1 million reported for the second quarter  of
1998.  This decrease results from lower sales volumes of graphics
products  of  $2.6 million, the loss of $1.5 million in  revenues
associated  with the Trilogy division, which was sold  in  August
1998, and lower volumes of Pro-Bel products of $0.8 million. From
a  geographic perspective, while there was an overall decline  in
domestic sales of graphics products and foreign sales of  Pro-Bel
products,  U.S.  sales  of  Pro-Bel products  increased  by  $2.4
million.

     Gross  profit  decreased  to $5.2  million  for  the  second
quarter  of  1999 as compared to $9.7 million for the  same  1998
period.  The respective gross margin percentages were  31.9%  and
45.9%.  This decline is attributable to the lower level of  sales
volume  and $2.2 million of inventory write-downs. Gross  margins
in  the  graphics business have suffered due to a lower level  of
absorption of overhead costs resulting from lower sales  volumes.
Underlying  margins for Pro-Bel products during the  period  have
improved  due  to  stronger sales of new  products  with  greater
margins.

     Selling, general and administrative (SG&A) expenses declined
to  $7.4 million for the quarter ended June 30, 1999 compared  to
$9.0  million  in  the comparable period in  1998.  Research  and
development  (R&D)  expenses, net of  amounts  capitalized,  also
decreased in the second quarter of 1999 to $2.0 million, or 12.3%
of net sales, versus $2.5 million, or 11.9% of net sales, for the
comparable 1998 quarter. These reductions were primarily  due  to
the  elimination of operating costs associated with  the  Trilogy
and Concerto divisions, as well as other expense reductions.

     Interest and other expense, net, decreased by $0.25  million
in  the  second quarter of 1999 as compared to the second quarter
of  1998.   This  decrease is primarily due to  foreign  exchange
gains as a result of favorable rates between the U.S. dollar  and
British pounds sterling. Interest expense also declined primarily
as a result of lower average borrowings.

     In the second quarter of 1999 the Company also established a
full  valuation allowance of $14 million against its net deferred
tax   asset.  The  Company's  net  deferred  tax  asset  includes
substantial   amounts   of  net  operating  loss   carryforwards.
Inability  to  generate  taxable income within  the  carryforward
period  would  affect  the ultimate realization  of  such  asset.
Consequently,  management determined that sufficient  uncertainty
exists  regarding the realization of this asset  to  warrant  the
establishment of the allowance.


Comparison of the Six Months Ended June 30, 1999 and 1998

      Sales  for  the six months ended June 30, 1999  were  $31.2
million,  a decrease of $11.4 million, or 26.7%, over  the  $42.6
million reported for the first half of 1998. This decline results
from  lower  sales volumes of graphics products of $6.1  million,
Pro-Bel products of $2.5 million and the loss of $2.8 million  in
revenues associated with the Trilogy division, which was sold  in
August  1998.  The delay in the industry transition  to  DTV  and
HDTV  continues  to  evolve  slowly  as  broadcasters  cautiously
upgrade and replace equipment. In addition, the first quarter has
historically  been  weak  since broadcasters  typically  postpone
capital  expenditures awaiting new product introductions  at  the
annual National Association of Broadcasters Convention (NAB) held
in April.

      Gross  profit declined to $11.9 million for the six  months
ended June 30, 1999. The decrease of $8.5 million, over the $20.4
million  reported  for  the  first  half  of  1998  is  primarily
attributable  to  the loss in sales volume and  $2.2  million  of
inventory  write-downs. Gross margins in  the  graphics  business
have  suffered  due  to a lower level of absorption  of  overhead
costs resulting from lower sales volumes.

      SG&A  expenses decreased by $2 million, or  12%,  to  $14.6
million  in 1999 compared to $16.7 million for the first half  of
1998. R&D costs, net of amounts capitalized, decreased during the
first  half of 1999 compared to the same period in 1998  by  $1.2
million.  As  outlined  in  the  three  month  comparison   these
reductions  were  primarily due to the elimination  of  operating
costs associated with the Trilogy and Concerto divisions.

     For the six months ended June 30, 1999, the Company recorded
restructuring    and   other   nonrecurring   charges    totaling
approximately  $6.7  million.  In  the  prior  year's  comparable
period,   the   Company   had   nonrecurring   charges   totaling
approximately $4 million. See the discussion of the components of
these charges in the three month comparison above.

      Interest and other expense, net, decreased by $0.3  million
in  the first half of 1999 as compared to the first half of 1998.
This decrease is primarily a result of increased foreign exchange
gains  due to favorable rates between the U.S. dollar and British
pounds  sterling  and lower interest expense from  lower  average
borrowings,  offset  by  the write-off  of  debt  issuance  costs
related to the credit agreement that was replaced in March, 1999.

      The  Company recorded a tax provision of $13.3 million  for
the  six  months ended June 30, 1999 as compared to a tax benefit
of  $1.3  million  in the comparable six month  period  in  1998.
Through the first quarter of 1999 the Company was recording a tax
benefit  resulting  from the generation  of  U.S.  and  U.K.  tax
losses. In the second quarter of 1999, the Company established  a
full  valuation allowance of $14 million against its net deferred
tax   asset.  The  Company's  net  deferred  tax  asset  includes
substantial   amounts   of  net  operating  loss   carryforwards.
Inability  to  generate  taxable income within  the  carryforward
period  would  affect  the ultimate realization  of  such  asset.
Consequently,  management determined that sufficient  uncertainty
exists  regarding the realization of this asset  to  warrant  the
establishment of the allowance.

Liquidity and Capital Resources

     At  June  30,  1999, the Company had cash on  hand  of  $1.0
million and working capital of $16.6 million.

     As  set  forth in the Consolidated Statements of Cash Flows,
the Company generated $1.6 million in cash from operations during
the  six  months ended June 30, 1999 as compared to $3.2  million
for  the comparable period in 1998.  The reduction in cash  flows
from operations is principally due to the realization of the  net
loss and reductions in the level of customer deposits, offset  by
lower  accounts receivable balances. Reduced levels  of  spending
related  to software development were a result of the elimination
of efforts associated with the Trilogy and Concerto divisions.

     During  July  1999, the Company raised $4.0 million  through
the  issuance  of  8%  subordinated  convertible  debentures  due
December 31, 2003, to certain of its existing shareholders,  some
of  whom  are  directors  of  the  Company.  The  debentures  are
convertible,  at any time, at the option of the holders  thereof,
into common stock of the Company at a conversion price of  $1 5/8
per  share  (the  closing price immediately preceding  the  issue
date).  The debentures may be redeemed by the Company, commencing
one  year from issue date, for a price equal to the principal and
accrued  but unpaid interest at the redemption date. Interest  is
payable quarterly. Interest may be paid in the form of additional
debentures until July 15, 2001. These funds will be used to build
the restructured operations and to fund research and development,
particularly for certain Internet initiatives. The notes have not
been  registered under the Securities Act of 1933 and may not  be
offered  or sold in the United States absent registration  or  an
applicable  exemption  from  the  registration  requirements.  In
addition, in order for the debentures purchased by funds  managed
by  Weiss Peck & Greer LLC to be converted into shares of  common
stock,   under  the  rules  of  the  New  York  Stock   Exchange,
shareholder  approval is required. In the event that  shareholder
approval  is not given, the debentures owned by such  funds  will
not  be convertible. The Company intends to seek such shareholder
approval in the immediate future.

     On  March  29,  1999, the Company entered  into  a  new  $12
million credit facility which expires March 31, 2002. Under  this
facility, the Company borrowed $2 million in the form of  a  term
loan  and can obtain revolving credit loans based on its eligible
accounts  receivable  and  inventory  for  the  balance  of   the
facility.  Total borrowings at closing were $8.7  million.  These
borrowings  were  used  primarily to  pay  down  the  outstanding
balance  under  the  expiring credit facility  of  $8.5  million,
including $500,000 outstanding on a term loan.

     The   term  loan  requires  no  principal  payments  through
September  30, 1999, $25,000 per month for the period October  1,
1999 through September 30, 2000, $75,000 per month for the period
October 1, 2000 through September 30, 2001 and $133,333 per month
from  October 1, 2001 through March 31, 2002. Interest is payable
monthly  at LIBOR plus 1.875% (6.9% at June 30, 1999),  or  at  a
rate  based  on Prime. The Company must pay a monthly  commitment
fee equal to one half of 1% per annum on the daily unused portion
of the facility.

     The   entire  facility  is  secured  by  Chyron's   accounts
receivable  and inventory and the common stock of  Pro-Bel.   The
agreement  contains requirements for levels of  operating  income
and  prohibits the Company from paying dividends in excess of 25%
of net income in any fiscal year.

      As of June 30, 1999, the Company was not in compliance with
certain  financial covenants for which it obtained  waivers  from
its lender.


The Year 2000

     The  Company has taken actions to ensure that its  products,
internal systems and procedures are Year 2000 Compliant.  To this
end,  the Company has established a plan to assess the Year  2000
impact in order to minimize any interruption of its operations or
its  ability  to  serve  its  customers.  The  Company  has  also
established  a  Year 2000 Committee whose members include  senior
management and functional area leaders.

     The  Company  has  structured its plan to  address  internal
systems,  infrastructure, facilities, suppliers  and  vendors  as
well  as  products and services. In this regard, the Company  has
completed  the  assessment of its critical  internal  information
technology  (IT)  and non-IT systems and has determined  that  it
needs to replace a portion of its business system in the UK.  The
Company believes that this replacement of existing software  will
enable  the  Company  to operate effectively after  December  31,
1999.  The Company has also completed its product review  and  is
engaged  in  remediation  efforts, where  appropriate,  including
upgrading  and  retiring  of systems  and  components,  which  is
expected  to  continue through the fourth quarter of  1999.   All
products being shipped currently have been extensively tested and
found  to  be  compliant. The Company has  surveyed  vendors  and
suppliers  and is reviewing their remediation efforts  to  ensure
uninterrupted operations. Contingency plans will be prepared,  as
needed,  during  the  second half of the  year.  The  Company  is
primarily  utilizing internal resources in its  efforts  and  the
associated costs are being expensed as incurred. Total costs  are
expected to be less than $500,000.

     The  Company  is taking what it considers to  be  reasonable
steps to prevent major interruptions in its business due to  Year
2000  issues.  The inability of the Company or significant  third
parties  to  adequately  address Year  2000  issues  could  cause
inefficiencies  in  the Company's business  operations.  At  this
time,  the Company has not encountered any Year 2000 issues which
it  believes could have a material adverse effect on its business
or current products.


Item 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT
          MARKET RISK


     The Company is exposed to currency risk in the normal course
of  business  related to investments in its foreign  subsidiaries
and the level of sales to foreign customers. For the three months
ended June 30, 1999 and 1998, sales to foreign customers were 40%
and  53%  of total sales, respectively. Substantially  all  sales
generated  outside of the U.S. are denominated in British  pounds
sterling.   The  net impact of foreign exchange transactions  for
the  three  months ended June 30, 1999 and 1998 were  a  gain  of
$92,000  and  a loss of $132,000, respectively. Foreign  currency
hedging  activity  is not material to the Company's  consolidated
financial position, results of operations, or its cash flow.


PART II.  OTHER INFORMATION


ITEM 1.   Legal Proceedings

      During  the  second  quarter, a former employee  of  Chyron
Corporation ("Chyron"), brought suit against Chyron in  the  U.S.
District  Court  for  the  Southern District  of  New  York.  The
complaint  alleges breach of contract relative to the Acquisition
Agreement,  or ancillary agreements, of Axis Holdings,  Inc.,  by
Chyron  on  March 24, 1997. Chyron believes that the  claims  are
without merit and is vigorously defending the case.

      The  Company is also from time to time involved in  routine
legal matters incidental to its business.

      In  the  opinion of management, the ultimate resolution  of
such  matters  will  not have a material adverse  effect  on  the
Company's financial position, results of operations or liquidity.

ITEM 2.   Changes in Securities

     Not applicable.

ITEM 3.   Defaults Upon Senior Securities

     Not applicable.

ITEM 4.   Submission of Matters to a Vote of Security Holders

     At  the Annual Meeting of Shareholders held on May 12, 1999,
the following proposals were adopted by the margin indicated:

     The election of Charles M. Diker, Joseph A. Flaherty, Edward
Grebow,   Donald   P.   Greenberg,  Roger  Henderson,   Alan   J.
Hirschfield,  Wesley W. Lang, Jr., Eugene M. Weber,  and  Michael
Wellesley-Wesley, to the Board of Directors. No Director received
less than 99% of the votes cast.

     The adoption of the Chyron 1999 Incentive Compensation Plan.

     Share voting:

          For:      19,645,736
          Against:   1,050,130
          Abstain:     627,786


ITEM 5.   Other Information

     In  July  1999, the Company sold approximately $4.0  million
aggregate   principal  amount  of  8%  subordinated   convertible
debentures,   due   December  21,  2003,  to   certain   existing
shareholders  of the Company, some of whom are directors  of  the
Company.  The  debentures are convertible, at any  time,  at  the
option  of the holders thereof, into common stock of the  Company
at  a conversion price of $1 5/8 (the closing price of the common
stock  on the trading day immediately preceding the issue  date);
provided, however, that in order for the debentures purchased  by
funds  managed  by Weiss, Peck & Greer LLC to be  converted  into
common  stock,  under the rules of the New York  Stock  Exchange,
shareholder  approval  is  required.  In  the  event  that   such
shareholder approval is not obtained, the debentures held by such
funds will not be convertible. The debentures may be redeemed  by
the Company, commencing one year from the issue date, for a price
equal  to  the principal and accrued but unpaid interest  at  the
redemption date. Interest is payable quarterly and may be paid in
the  form  of  additional debentures until  July  15,  2001.  The
proceeds  from  the sale will be used to build  the  restructured
operations  of  the  Company  and for research  and  development,
particularly  for  certain Internet initiatives.  The  debentures
have  not  been registered under the Securities Act of  1933,  as
amended,  and  may  not  be  sold in  the  United  States  absent
registration  or  an applicable exemption from  the  registration
requirements.

     The  sales of the debentures were made in reliance upon  the
exemption from the registration provisions of the Securities  Act
of  1933,  as  amended, afforded by Section 4(2)  thereof  and/or
Regulation  D  promulgated thereunder, as  a  transaction  by  an
issuer  not  involving a public offering.  To  the  best  of  the
Company's  knowledge, the purchasers of the  debentures  acquired
them  for  their  own  accounts, and  not  with  a  view  to  any
distribution thereof.


ITEM 6(a).     Exhibits

     (27) Financial Data Schedule


ITEM 6(b).     Reports on Form 8-K

     On  June  11, 1999, the Company filed a report on  Form  8-K
pertaining  to  senior  management  changes.  Specifically,   the
Company  named Roger Henderson its President and Chief  Executive
Officer and Michael I. Wellesley-Wesley its Executive Chairman.




                           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.





                                CHYRON CORPORATION
                                (Registrant)

          August 12,1999         /s/ Roger Henderson
          (Date)                Roger Henderson
                                President and
                                Chief Executive Officer

          August 12, 1999        /s/ Dawn Johnston
          (Date)                Dawn Johnston
                                Senior Vice President and
                                Chief Financial Officer