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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 16, 1997
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PEGASUS COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in charter)
Delaware 0-21389 51-0374669
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
c/o Pegasus Communications Management Company, 100 Matsonford Road,
5 Radnor Corporate Center, Suite 454, Radnor, Pennsylvania 19087
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 610-341-1801
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
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On April 16, 1997, Pegasus announced pending acquisitions of DIRECTV(R)
("DIRECTV") distribution rights and related assets from nine independent DIRECTV
providers and the completion of one such acquisition. The ten acquisitions will
involve in the aggregate cash consideration of approximately $47.6 million and
approximately $700,000 in shares of Pegasus' Class A Common Stock. The ten
independent providers provide service to approximately 25,000 subscribers in 17
states in territories that comprise in excess of 300,000 television households.
Approximately 110,000 of these households are not presently passed by cable.
These acquisitions will increase Pegasus' exclusive DIRECTV territory to 1.7
million TV households serving approximately 80,000 DBS subscribers in 24 states.
Each of the pending acquisitions is subject to the negotiation of a definitive
agreement, if not already entered into, and, if not already granted, the prior
approval of the National Rural Telecommunications Cooperative and DIRECTV
Enterprises, Inc. There can be no assurance all or any of these pending
acquisitions will be completed.
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SIGNATURE
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.
PEGASUS COMMUNICATIONS CORPORATION
By /s/ Ted S. Lodge
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Ted S. Lodge,
Senior Vice President, General
Counsel, Chief Administrative
Officer and Assistant
Secretary
April 23, 1997
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