<ARTICLE> 5 <CIK> 0000819694 <NAME> PEOPLES TELEPHONE COMPANY, INC. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 6,223,000 <SECURITIES> 0 <RECEIVABLES> 27,511,000 <ALLOWANCES> (4,744,000) <INVENTORY> 0 <CURRENT-ASSETS> 32,144,000 <PP&E> 135,388,000 <DEPRECIATION> (84,019,000) <TOTAL-ASSETS> 124,357,000 <CURRENT-LIABILITIES> 32,703,000 <BONDS> 100,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 17,222,000 <COMMON> 162,000 <OTHER-SE> (26,515,000) <TOTAL-LIABILITY-AND-EQUITY> 124,357,000 <SALES> 57,248,000 <TOTAL-REVENUES> 57,248,000 <CGS> 47,065,000 <TOTAL-COSTS> 58,167,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,495,000 <INCOME-PRETAX> (7,414,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,414,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,414,000) <EPS-PRIMARY> (0.52) <EPS-DILUTED> (0.52)