<SUBMISSION>
<ACCESSION-NUMBER>0000950129-04-003594
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20040524
<ITEMS>5
<FILING-DATE>20040525
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>READING INTERNATIONAL INC
<CIK>0000716634
<ASSIGNED-SIC>6513
<IRS-NUMBER>953885184
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-08625
<FILM-NUMBER>04829005
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>550 SOUTH HOPE STREET
<STREET2>SUITE 1825
<CITY>LOS ANGELES
<STATE>CA
<ZIP>90071
<PHONE>213 235 2240
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>550 SOUTH HOPE STREET
<STREET2>SUITE 1825
<CITY>LOS ANGELES
<STATE>CA
<ZIP>90071
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>CITADEL HOLDING CORP
<DATE-CHANGED>19941216
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a99327e8vk.htm
<DESCRIPTION>FORM 8-K PERIOD DATED 5-24-2004
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, DC 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 10pt">CURRENT REPORT



<P align="center" style="font-size: 10pt">Pursuant to Section&nbsp;13 OR 15(d) of the Securities Exchange Act of 1934<BR>
Date of report (Date of earliest event reported): <B>May&nbsp;24, 2004</B>


<P align="center" style="font-size: 24pt"><B>Reading International, Inc.</B>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
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    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD align="center" valign="top"><B>Nevada</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-8625</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>95-3885184</B></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction<BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>550 S. Hope Street, Suite&nbsp;1825, Los Angeles, California</B><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>90071</B></TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center">(Address of Principal Executive Offices)<BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>


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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code <B>(213)&nbsp;235-2240</B>



<P align="center" style="font-size: 10pt"><B>N/A</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="100%" align="center">
(Former Name or Former Address, if Changed Since Last Report)</DIV>



<P align="center" style="font-size: 10pt">1
</DIV>

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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;5. Other Events and Regulation&nbsp;FD Disclosure.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="a99327exv99w1.htm">EXHIBIT 99.1</A></TD></TR>
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Other Events and Regulation&nbsp;FD Disclosure.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;24, 2004 Reading International, Inc. issued a press release
announcing that its Board of Directors has authorized a stock repurchase
program. A copy of the press release is furnished as Exhibit&nbsp;99.1 to this
current report and is incorporated herein by reference.


<P align="center" style="font-size: 10pt">2
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<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

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    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">READING INTERNATIONAL, INC.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;24, 2004
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Andrzej Matyczynski</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Andrzej Matyczynski</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer</TD>
</TR>


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<P align="center" style="font-size: 10pt">3
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<P align="right" style="font-size: 10pt"><B>Exhibit&nbsp;99.1</B>


<P align="center" style="font-size: 10pt"><B>Reading International Board of Directors Authorizes Stock Repurchase Program</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Los Angeles, California, &#151; (PR NEWSWIRE) &#150; May&nbsp;24, 2004 </B>&#150; Reading
International, Inc. (&#147;Reading&#148;) (AMEX: RDI, RDI.B), a multinational film
exhibition and real estate company, today announced that the company&#146;s board of
directors has authorized management, at its discretion, to purchase up to
350,000 shares of Reading&#146;s Common Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The repurchase program will allow Reading to repurchase its shares from
time to time in accordance with the requirements of the Securities and Exchange
Commission on the open market, in block trades and in privately negotiated
transactions, depending on market conditions and other factors. All purchases
are subject to the availability of shares at prices that are acceptable to
Reading, and accordingly, no assurances can be given as to the timing or number
of shares that may ultimately be acquired pursuant to this authorization.


<P align="left" style="font-size: 10pt"><B>Forward Looking Statements</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>This press release contains forward-looking statements regarding Reading&#146;s
implementation of a stock repurchase program and expectation regarding its
capital resources. These forward-looking statements are subject to risks and
uncertainties. These risks and uncertainties may affect the timing and amounts
of stock purchases under the program and other circumstances related to
repurchases under the program. Purchases under the program are subject to the
discretion of management based on market conditions and other factors including
the trading price of Reading&#146;s Class&nbsp;A Non-voting common stock, availability of
stock, alternative uses of capital and Reading&#146;s financial condition. Other
risks and uncertainties related to Reading&#146;s business are described in
Reading&#146;s filings with the Securities and Exchange Commission.</I>


<P align="left" style="font-size: 10pt"><B>About Reading International, Inc.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reading International is in the business of owning and operating cinemas
and live theaters and developing, owning and operating real estate assets. Our
business consists primarily of (1)&nbsp;the development, ownership and operation of
cinemas in the United States, Australia, New Zealand, and Puerto Rico; (2)&nbsp;the
ownership and operation of &#147;Off Broadway&#148; style live theaters in Manhattan and
Chicago; and (3)&nbsp;the development, ownership and operation of commercial real
estate in Australia, New Zealand and the United States, including
entertainment-themed retail centers (&#147;ETRC&#148;) in Australia and New Zealand.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reading manages its worldwide cinema business under various different
brands, in the United States, under the Reading, Angelika Film Center
(http://angelikafilmcenter.com/) and City Cinemas brands, in Australia, under
the Reading brand (http://www.readingcinemas.com.au/), in New Zealand, under
the Reading (http://www.courtenaycentral.co.nz/) and Berkeley Cinemas


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">(http://www.berkeleycinemas.co.nz/) brands, and in Puerto Rico, under the
CineVista brand.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July&nbsp;1, 2003 Reading International, Inc. joined the Russell 3000&#174;
Index. Annual reconstitution of the Russell indexes captures the 3,000 largest
U.S. stocks as of the end of May, ranking them by total market capitalization
to create the Russell 3000&#174;. The largest 1,000 companies in the ranking
comprise the Russell 1000&#174; Index while the remaining 2,000 companies become the
widely used Russell 2000&#174; Index. Based on these criteria, Reading
International now forms part of the Russell 2000&#174; Index.


<P align="left" style="font-size: 10pt">For more information, contact:


<P align="left" style="font-size: 10pt">Andrzej Matyczynski, Chief Financial Officer<BR>
Reading International, Inc. (213)&nbsp;235-2240



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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