UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB

(Mark One)

[x] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the quarterly period ended - May 31, 1997

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from                   to

                       Commission File Number 0-18299 NEWS
                              COMMUNICATIONS, INC.
        (Exact name of small business issuer as specified in its charter)

            Nevada                                      13-3346991
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

           174-15 Horace Harding Expwy., Fresh Meadows, New York 11365
                    (Address of principal executive offices)

                                 (718) 357-3380
                           (Issuer's telephone number)


                 (Former name, former address and former fiscal
                          if changed since last report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
12, 13 or 15 (d) of the  Exchange Act during the past 12 months (or 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 __

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court.       Yes     No


                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
 equity , as of July 12, 1997: 8,042,631 shares $ .01 par value common stock

Transitional Small Business Disclosure Format (check one)   Yes___ No X

                                        1



<PAGE>

                                   FORM 10-QSB

                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES

                                TABLE OF CONTENTS

                                                                          PAGE
PART I.               Financial Information


  Item 1.             Financial Statements

                      Unaudited Consolidated Balance Sheet
                      at May 31, 1997.....................................3-4

                      Unaudited Consolidated Statements of
                      Operations for the three and six months
                      ended May 31, 1997 and May 31, 1996.................5


                      Unaudited Consolidated Statements of Cash
                      Flows for the six months ended
                      May 31, 1997 and May 31, 1996.......................6-7

                      Notes to Consolidated Financial Statements..........8-9

   Item 2.            Management's Discussion and Analysis
                      or Plan of Operation................................10-11

PART II.                 Other Information................................12

                         Item 2. Changes in Securities

                         Item 6. Exhibits and Reports on Form 8-K

Signatures................................................................13



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<PAGE>



                                  PART I-ITEM 1

                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES
                  CONSOLIDATED BALANCE SHEET AS OF MAY 31, 1997
                                   (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                                                                                   <C>  
Assets:
Current Assets:
  Cash                                                                                     $        99,924
  Restricted cash                                                                                    6,800
  Accounts receivable [less: allowance for
    doubtful accounts of $1,050,066]                                                             4,406,292
  Due from related parties                                                                          18,526
  Other                                                                                            146,764
                                                                                            --------------


  Total Current Assets                                                                           4,678,306

Property and equipment at cost- net of
 accumulated depreciation of $956,490                                                              512,677
Goodwill - net                                                                                   3,230,975
Other - net                                                                                         99,643
                                                                                               -----------

  Total Assets                                                                               $   8,521,601
                                                                                             =============

</TABLE>


                                        3



<PAGE>



                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES
                  CONSOLIDATED BALANCE SHEET AS OF MAY 31, 1997
                                   (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                                                                                  <C> 
Liabilities and Stockholders' Equity:
Current liabilities:
  Accounts payable                                                                          $      881,190
  Accrued expenses                                                                                 711,053
  Accrued payroll and payroll taxes                                                                467,203
  Note payable                                                                                     900,000
  Unearned Revenue                                                                                 122,653
  Due to related parties                                                                            25,488
                                                                                               -----------
  Total current liabilities                                                                      3,107,587
                                                                                                 ---------

 Related party - long term debt                                                                    969,333
                                                                                               -----------

  Minority interest                                                                                114,228


Stockholders' Equity:
 Preferred Stock, $1.00 Par Value; 500,000 Shares Authorized:
  $2,527,000 aggregate liquidation value                                                           200,399

 Common Stock, $.01 Par Value; Authorized 100,000,000
 Shares; 8,168,393 Shares Issued                                                                    81,684

  Paid-in-Capital Preferred Stock                                                                2,151,740

  Paid-in-Capital Common Stock                                                                  14,252,769

  (Deficit)                                                                                    (11,947,410)

   Total                                                                                        $4,739,182
   Less: Treasury Stock [151,000 Shares]-
            At Cost                                                                               (408,729)
 Total Stockholders' Equity                                                                      4,330,453

 Total Liabilities and Stockholders' Equity                                                 $    8,521,601
                                                                                           ===============
</TABLE>


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<PAGE>



                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>

                                                   Three Months Ended May 31,               Six Months Ended May 31
                                                   --------------------------               -----------------------
                                                     1997               1996                 1997           1996
                                                     ----               ----                 ----           ----
                                                                                   Unaudited
<S>                                                    <C>               <C>                  <C>               <C>  
Net Revenues                                        $5,166,632        $4,928,085           $8,796,459       $8,452,588
                                                    ----------        ----------           ----------       ----------


Expenses:
 Direct Mechanical Costs                             1,622,965         1,760,072            2,946,386        3,264,350
 Salaries, Benefits and

    Outside Labor Costs                              2,473,282         2,397,526            4,757,207        4,704,679
 Rent, Occupancy & Utilities                           239,866           222,231              467,440          463,675

 Provisions for Doubtful Accounts                      102,950            43,000              197,450           88,000

 General and Administrative                            638,556           722,153            1,212,086        1,237,601
                                                   -----------       -----------        -------------     ------------


 Total Expenses                                      5,077,619         5,144,982            9,580,569        9,758,305
                                                    ----------        ----------           ----------      -----------

Operating Income (Loss) Before Interest
 Expense and Interest Income                            89,013          (216,897)            (784,110)      (1,305,717)

Interest Expense                                       (44,705)          (20,727)             (97,259)         (40,318)

Interest Income                                          ---                ---                  ---              ---
                                                --------------          --------      ----------------        ---------

Net Income (Loss)                                    $  44,308       $  (237,624)       $    (881,369)     $(1,346,035)
                                                     =========     =============       ==============      ============

Net Income (Loss) Per Share                            $   .01            $ (.03)               $(.11)          $( .17)
                                               ===============    ==============     ================  ================

 
Weighted Average Shares
Outstanding                                          7,921,457         7,823,415            7,907,951         7,820,978
                                                   ===========         =========            =========      ============
</TABLE>


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<PAGE>



                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>

                                                                                     Six Months Ended May 31,
                                                                                 1997                        1996
                                                                                 ----                        ----
                                                                                             Unaudited
<S>                                                                               <C>                          <C>   
Operating Activities:
  Net Income (Loss)                                                           $ (881,369)              $   (1,346,035)
                                                                              -----------               ---------------
  Adjustments to Reconcile Net
    (Loss) to Net Cash Provided
    by Operating Activities:
   Depreciation and Amortization                                                 243,905                      232,891

   Provision for Losses on Accounts
    Receivable                                                                   197,450                       88,000

 Compensation Recognized Related to Warrants Issued                                ----                       128,000

 Change in Assets and Liabilities:
   (Increase) Decrease in Accounts
    Receivable                                                                  (741,602)                    (423,584)
   (Increase) Decrease in Other Current
    Assets                                                                       (16,319)                     (89,919)
   (Increase) in Due from Related Parties                                       ( 38,726)                      (4,412)
                 Decrease (Increase) in Other Assets                               5,464                         ----

   (Increase) Decrease in Goodwill                                                 -----                       29,454
    Increase (Decrease) in Accounts Payable
    and Accrued Expenses                                                          36,257                      107,067

    Increase (Decrease) in Payroll Taxes Payable                                  13,564                       (1,238)

    Increase (Decrease) in Other Current Liabilities                               ----                       (15,615)

                                                                               _________                    _________
                                                                                

   Total Adjustments                                                            (300,007)                      50,644
                                                                               ----------                  ----------

  Net (Deficit) - Operating Activities -                                      (1,181,376)                  (1,295,391)
   Forward
</TABLE>

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<PAGE>



                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>

                                                                                      Six Months Ended May 31,
                                                                                 1997                           1996
                                                                                 ----                           ----
                                                                                             Unaudited
<S>                                                                               <C>                            <C>  
Net (Deficit) - Operating Activities -
    Forwarded                                                                 (1,181,376)                    (1,295,391)
                                                                              ===========                    ===========

Investing Activities:
 Sale of Marketable Securities                                                     ----                            ----
 Capital Expenditures                                                            (81,667)                       (31,516)
                                                                              -----------                   ------------

Net Cash Provided (Used) by Investing Activities                                 (81,667)                       (31,516)
                                                                               ----------                   ------------


Financing Activities:
  Principal Payments Long-Term Debt                                                 ----                        (24,000)
  Proceeds from Exercise of Warrants                                             152,420                         19,498
  Dividend on Preferred Stock                                                     (9,340)                       (20,680)
  Proceeds from Exercise of Stock Options                                           ----                         12,500
  Proceeds from Notes Payable - Bank                                                ----                        675,000
  Proceeds from Notes Payable - Shareholder                                         ----                      1,000,000
  Principal Payments - Notes Payable                                            (275,000)

                                                                               ----------                   -----------


Net Cash Provided by Financing Activities                                       (131,920)                     1,662,318
                                                                           ---------------               --------------


Net Increase (Decrease) in Cash                                               (1,394,963)                       335,411

Cash - Beginning of Periods                                                    1,494,887                         54,474
                                                                         ---------------                     ----------

Cash - End of Periods                                                         $   99,924                    $   389,885
                                                                            ============                    ===========


Supplemental Disclosures of Cash Flow Information:
  Cash paid during the period for:
   Interest                                                              $        51,488                 $       24,713


</TABLE>

                                        7



<PAGE>



                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


A. Basis of Presentation:

   The  Consolidated  Balance  Sheet  as of May 31,  1997  and the  Consolidated
Statements of Operations for the three and six-month  periods ended May 31, 1997
and May 31,  1996,  and the  Consolidated  Statements  of Cash  Flows  have been
prepared  by the  company  without  audit.  In the  opinion of  management,  all
adjustments  (which  include  only normal  recurring  adjustments)  necessary to
present fairly the financial position,  results of operations and cash flow have
been made. The results for the interim periods are not necessarily indicative of
the results for a full year.
   Certain information and footnote  disclosures  normally included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  consolidated  or omitted.  These  consolidated  financial  statements
should be read in conjunction  with the company's  annual report Form 10-KSB for
the fiscal  year ended  November  30,  1996 and the  related  audited  financial
statements included therein.

B. Loss per Share:

   Loss per share is based on the weighted average number of shares  outstanding
during the periods.

C. 1996 Restatement:

     The results of operations for 1996 have been restated to reflect additional
expenses and loss resulting from  compensation  recognized  relating to warrants
issued and unrecorded printing expenses.


D. Accounting Pronouncements

     In February 1997 the FASB issued SFAS No. 128,  "Earnings Per Share".  SFAS
No. 128 specifies revised computational guidelines,  presentation and disclosure
requirements  for earnings per share and supersedes  Accounting  Principal Board
Opinion No. 15. SFAS No. 128 is effective  for financial  statements  issued for
periods  ending after  December 15, 1997,  including  interim  periods.  Earlier
application  is not  permitted,  however,  upon  adoption  SFAS No. 128 requires
restatement of all prior

                                        8



<PAGE>



period  earnings per share  information.  The Company has not yet determined the
impact SFAS No. 128 would have on earnings per share.

E. Subsequent Event

In June 1997 a holder of the Company's 8% Convertible  Preferred Stock converted
53 shares to 25,238  shares of common  stock and  25,238  warrants  to  purchase
common stock at $2.10 per share.

F. Legal Proceedings

     An action entitled Jean Jee v. News Communications,  Inc. was instituted in
the Supreme Court, New York County, in January 1991. The complaint alleges libel
claims  against  the  Company  in  connection  with an  article  printed  in the
Manhattan Spirit and claims  $2,000,000 in compensatory  damages and unspecified
punitive  damages.  The  Company  has  filed  an  answer  denying  the  material
allegations of the complaint. Discovery has not yet commenced and there has been
no activity  in the case for a number of years.  Management  believes,  although
there can be no assurance,  that, based upon the application of the relevant law
{as explained to management  by counsel  representing  the Company} to the facts
known to it, the claims asserted in this action are without merit.

     An action entitled Tracey  Robinson v. The Hill, News  Communications,  Inc
and Media Venture  Group,  Inc.,  was initiated in September  1996 in the United
States  District  Court for the District of Columbia in which the  plaintiff,  a
former  national  advertising  executive  for Capitol  Hill,  has  alleged  race
discrimination  and  retaliation  in  connection  with her  discharge and claims
compensatory and punitive damages of $5.2 million.  The Company belives that the
claim is without merit and has filed an answer denying the material  allegations
of the complaint and asserting affirmative defenses. A trial is set for the Fall
of 1997.

     Management  of the  Company  is unable to predict  or  determine  the final
outcome of the  aforementioned  proceedings  or whether  the  resolution  of the
matters could materially  affect the Company's  financial  position,  results of
operations or liquidity.





                                       9



<PAGE>



                                  PART I-ITEM 2
                   NEWS COMMUNICATIONS, INC. AND SUBSIDIARIES
            MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


Results of Operations:

     News Communications, Inc. publishes various weekly community newspapers and
related targeted audience publications.

     The  Company  recorded  a profit  for the  second  quarter  of  $45,000,  a
turnaround  of $282,000  from a loss of  ($237,000)  in 1996.  Operating  Income
before interest expense was $89,000 as compared to loss of ($216,000) in 1996, a
tu naround of  $305,000  in 1997 even after  taking  into  account  the  Company
modifying  its  assumptions  in estimating  its provision for doubtful  accounts
causing an increase of $59,950  (139%) from $43,000 in 1996 to $102,950 in 1997.
The  increase in  interest  expense of $24,000  (114%)  from  $21,000 in 1996 to
$45,000  in 1997  was a  result  of  increased  bank  loans  and the  loan  from
shareholder being outstanding in 1997.

      Total  revenues for the Company were  $5,167,000 for the second quarter of
1997 an increase of almost  $239,000 (5%) from  $4,928,000 in 1996. The increase
in revenues  was  primarily a result of The Hill's  increased  sales  effort and
increased  congressional  activity,  Dan's  Papers'  capitalization  on an  ever
growing market in the Long Island posh resort area, the Hamptons and positioning
itself  as the  advertising  standard  on Long  Island's  east end  offset  by a
decrease at the Queens Tribune including lower profit margin printing revenue.

     Direct me  hanical  costs had  increases  due to  expansions  during  1996,
however,  these were offset by budget cuts and decreased  prices for  newsprint.
Direct  mechanical  costs  decreased  $137,000  (8%) from  $1,760,000 in 1996 to
$1,623,000 in 1997.

      The  Company  reduced  its loss for the six months by $465,000  (35%) from
($1,346,000)  in 1996 to  ($881,000)  in 1997.  Operating  loss before  interest
expense decreased $521,000 (40%) from ($1.305,000) in 1996 to ($784,000) in 1997
even  after  taking  into a count  the  Company  modifying  its  assumptions  in
estimating its provision for doubtful  accounts  causing an increase of $109,450
(124%)  from  $88,000 in 1996 to  $197,450  in 1997.  The  increase  in interest
expense of $57,000  (143%) from  $40,000 in 1996 to $97,000 in 1997 was a result
of increased bank loans and the loan from shareholder being outstanding in 1997.

                                       10



<PAGE>




      Total revenues for the Company were  $8,796,000 for the six months of 1997
an increase of almost  $344,000  (4%) from  $8,453,00  in 1996.  The increase in
revenues  was  primarily  a result of The  Hill's  increased  sales  effort  and
increased  congressional  activity,  Dan's  Papers'  capitalization  on an  ever
growing market in the Long Island posh resort area, the Hamptons and positioning
itself as the advertising  standard on Long Island's east end,  Manhattan File's
additional  special  supplements,  offset by a decrease  at the  Queens  Tribune
including lower profit margin printing revenue.



Liquidity and Capital Resources:

      At May 31,  the  Company  had an excess of  current  assets  over  current
liabilities in the amount of approximately $1,599,000.  During the quarter ended
February 28, 1997, the Company  repaid  $275,000 of bank loans from cash on hand
at the beginning f the year.  During the quarter ended May 31, 1997, the Company
received $181,090 from the exercise of C Warrants.

      Management  believes that the Company's  operations will generate positive
cash flow for the fiscal year ending November 30, 1997. Although there can be no
a surances to this  effect,  management  is  confident  that it has  available a
variety of funding and revenue to meet its cash needs.
      .



                                       11



<PAGE>




      Part II.  OTHER INFORMATION

      Item 2.  CHANGES IN SECURITIES

           The following securities were issued by the Company during the period
covered by this report and were not registered under the Securities Act of 1933,
as amended ("the Act").  Each of the  transactions  is claimed to be exempt from
registration with the Securities  Exchange  Commission pursuant to Section 4 (2)
of the Act as transactions by an issuer not involving a public offering.  All of
such  securities are deemed to be restricted  securities for the purposes of the
Act.

(i)  On or about March 21,  1997,  16,000  shares of Common Stock were issued to
     Barry Manning in payment of part of the  consideration  due him pursuant to
     the Acquisition Agreement and Employment Agreement with Mr. Manning.

(ii) On or about June 12,  1997,  25,238  shares of Common Stock and Warrants to
     purchase an additional  25,238 shares of Common Stock (exercisable at $2.10
     per share) were issued to Michael V. Sterlacci upon conversion by him of 53
     shares of the Company's 8% Convertible Preferred Stock.

      Item 6.  Exhibits and Reports on Form 8-K

              A.   Exhibits - None

              B.   Reports on Form 8-K - None


                                       12



<PAGE>

                                   SIGNATURES



In accordance  with the req irements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                                             NEWS COMMUNICATIONS, INC.
                                                   (Registrant)


Date: July 15, 1997                             By:     /s/ Michael Schenkler
                                                   ----------------------------
                                                   Michael Schenkler, President




Date: July 15, 1997                             By:    /s/ Robert Berkowitz
                                                   ---------------------------
                                                   Robert Berkowitz, Controller


                                       13

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