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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8 - K
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CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): July 6, 2000
STC BROADCASTING, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
333-29555 75-2676358
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(Commission File Number) (I.R.S. Employer Identification No.)
720 2nd Avenue South
St. Petersburg, Florida 33701
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(Address of Principal Executive Offices) (Zip Code)
(727) 821-7900
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
Sale of WTOV-TV and WJAC-TV
On July 6, 2000, the Company agreed to sell to Cox Communications, Inc.
(Cox) the stock of WJAC, Incorporated for $70 million. WJAC, Incorporated owns
WJAC, the NBC affiliate in Johnstown, Pennsylvania. In a second transaction,
Smith Acquisition Company and Smith Acquisition License Company, subsidiaries of
the Company, agreed to sell the assets of WTOV, the NBC affiliate in
Steubenville, Ohio, for $58 million. These transactions are subject to
adjustment for certain customary proration amounts. Closing of these
transactions is subject to customary conditions including review by the United
States Department of Justice and the Federal Communications Commission.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired.
None
(b) Pro Forma Financial Information.
None
(c) Exhibits.
2.1 Asset Purchase Agreement by and among Smith Acquisition
Company, Smith Acquisition License Company and Cox
Broadcasting, Inc. for television station WTOV-TV,
Steubenville, Ohio. (1)
2.2 Stock Purchase Agreement by and among STC Broadcasting, Inc.,
WJAC, Incorporated and Cox Broadcasting, Inc. for television
station WJAC-TV, Johnstown, Pennsylvania. (1)
(1) Filed herewith
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
STC BROADCASTING, INC.
Date: July 10, 2000 By: /s/ David A. Fitz
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David A. Fitz
Senior Vice President and
Chief Financial Officer
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