MagneTek, Inc. to Report FY 2001 Third Quarter and Nine Month Results Via Conference Call and Webcast on May 3, 2001

Management Expects Positive Revenue and Earnings Comparisons



Apr 24, 2001, 01:00 ET from MagneTek, Inc.

    LOS ANGELES, April 24 /PRNewswire Interactive News Release/ -- MagneTek,
 Inc. (NYSE:   MAG) announced today that it will release its fiscal 2001 third
 quarter and nine month results for the period ending March 31, 2000, on
 Thursday, May 3, 2001.  Following a morning press release, the Company will
 host a conference call that will be broadcast simultaneously live over the
 Internet.
     Company chairman, president and chief executive officer, Andrew G. Galef,
 said that, as anticipated, MagneTek will report improved revenue, profits and
 earnings from Continuing Operations compared to last year's third-quarter and
 nine-month periods.
     Mr. Galef and David P. Reiland, MagneTek's senior vice president and chief
 financial officer, will host the Company's conference call and webcast on
 May 3.  Details are as follows:
 
                             Thursday, May 3, 2001
                                 11:00 am (EST)
                  URL for Webcast: http://www.streetfusion.com
            or visit MagneTek's web site at http://www.magnetek.com
 
     MagneTek manufactures digital power products for communications,
 industrial and building systems, data processing, imaging and other
 applications requiring precision power.  The Company operates six
 manufacturing and research facilities in North America and two in Europe and
 employs a total of approximately 2,000 people.  Listed on the New York Stock
 Exchange (NYSE:   MAG), MagneTek reported revenue of $294 million for fiscal
 2000, which ended on June 30, 2000.
 
     The foregoing announcement contains forward-looking statements that are
 subject to risks and uncertainties which, in many cases, are beyond the
 control of the company.  These include but are not limited to economic
 conditions in general, business conditions in electrical and electronic
 equipment markets, competitive factors such as pricing and technology, and the
 risk that the company's ultimate costs of doing business exceed present
 estimates.  Further information on factors that could affect MagneTek's
 financial results are described in the Company's filings with the Securities
 and Exchange.
     To receive MagneTek's latest news release and other corporate documents
 via FAX-at no cost-please dial 1-800-PRO-INFO.  Enter the Company's symbol
 MAG.  Or view MagneTek's most current releases on www.magnetek.com , or
 www.frbinc.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X73695296
 
 

SOURCE MagneTek, Inc.
    LOS ANGELES, April 24 /PRNewswire Interactive News Release/ -- MagneTek,
 Inc. (NYSE:   MAG) announced today that it will release its fiscal 2001 third
 quarter and nine month results for the period ending March 31, 2000, on
 Thursday, May 3, 2001.  Following a morning press release, the Company will
 host a conference call that will be broadcast simultaneously live over the
 Internet.
     Company chairman, president and chief executive officer, Andrew G. Galef,
 said that, as anticipated, MagneTek will report improved revenue, profits and
 earnings from Continuing Operations compared to last year's third-quarter and
 nine-month periods.
     Mr. Galef and David P. Reiland, MagneTek's senior vice president and chief
 financial officer, will host the Company's conference call and webcast on
 May 3.  Details are as follows:
 
                             Thursday, May 3, 2001
                                 11:00 am (EST)
                  URL for Webcast: http://www.streetfusion.com
            or visit MagneTek's web site at http://www.magnetek.com
 
     MagneTek manufactures digital power products for communications,
 industrial and building systems, data processing, imaging and other
 applications requiring precision power.  The Company operates six
 manufacturing and research facilities in North America and two in Europe and
 employs a total of approximately 2,000 people.  Listed on the New York Stock
 Exchange (NYSE:   MAG), MagneTek reported revenue of $294 million for fiscal
 2000, which ended on June 30, 2000.
 
     The foregoing announcement contains forward-looking statements that are
 subject to risks and uncertainties which, in many cases, are beyond the
 control of the company.  These include but are not limited to economic
 conditions in general, business conditions in electrical and electronic
 equipment markets, competitive factors such as pricing and technology, and the
 risk that the company's ultimate costs of doing business exceed present
 estimates.  Further information on factors that could affect MagneTek's
 financial results are described in the Company's filings with the Securities
 and Exchange.
     To receive MagneTek's latest news release and other corporate documents
 via FAX-at no cost-please dial 1-800-PRO-INFO.  Enter the Company's symbol
 MAG.  Or view MagneTek's most current releases on www.magnetek.com , or
 www.frbinc.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X73695296
 
 SOURCE  MagneTek, Inc.