<PAGE>
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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) May 8, 1998
BENEDEK COMMUNICATIONS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
<TABLE>
<S> <C> <C>
DELAWARE 333-09529 36-4076007
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification Number)
Incorporation or Organization)
</TABLE>
100 PARK AVENUE
ROCKFORD, IL 61101
(Address of Principal Executive Offices) (Zip Code)
Telephone Number, Including Area Code (815) 987-5350
<PAGE>
<PAGE>
ITEM 5. OTHER EVENTS.
On May 8, 1998, the Registrant announced the redemption of all of its
outstanding 15.0% Exchangeable Redeemable Senior Preferred Stock. Additional
information concerning the redemption of the securities is incorporated herein
by this reference to the press release filed herewith as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99 Press release, dated May 8, 1998.
2
<PAGE>
<PAGE>
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 hereunto duly authorized.
BENEDEK COMMUNICATIONS CORPORATION
May 11, 1998
By: /s/ Ronald L. Lindwall
-------------------------
Name: Ronald L. Lindwall
Title: Senior Vice President-Finance
3
<PAGE>
<PAGE>
INDEX TO EXHIBITS
EXHIBIT DESCRIPTION
99 Press release, dated May 8, 1998
4
<PAGE>
<PAGE>
Exhibit 99
PRESS RELEASE
BENEDEK COMMUNICATIONS CORPORATION
100 Park Avenue
Rockford, IL 61101
FOR MORE INFORMATION CONTACT:
Ronald L. Lindwall, Chief Financial Officer
815-987-5350
FOR IMMEDIATE RELEASE
BENEDEK COMMUNICATIONS ANNOUNCES REDEMPTION
OF EXCHANGEABLE PREFERRED STOCK
Rockford, Illinois, May 8, 1998. Benedek Communications Corporation
today announced that it has called for redemption on June 8, 1998 all of its
outstanding 15.0% Exchangeable Redeemable Senior Preferred Stock. The redemption
price is equal to 115.000% of the liquidation preference per share of Preferred
Stock, plus, without duplication, accumulated and unpaid dividends thereon to
June 8, 1998. The aggregate redemption price will be $154.614 per share.
Dividends on the Preferred Stock will cease to accumulate on and after
June 8, 1998, and the only remaining right of the holders of the Preferred Stock
after such date will be the right to receive payment of the redemption price
upon presentation and surrender of certificates representing the Preferred Stock
to the paying agent, IBJ Schroder Bank & Trust Company.
Benedek Communications Corporation is a holding company, which through
its wholly-owned subsidiary, Benedek Broadcasting Corporation, owns 23 network
affiliated television stations throughout the United States.
This Press Release contains forward-looking statements that involve
risks and uncertainties. Actual results could differ materially from those
anticipated in these forward-looking statements.
