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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
July 15, 1999
FOX SPORTS NETWORKS, LLC
(f/k/a FOX/LIBERTY NETWORKS, LLC)
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-38689 95-4577574
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
1440 South Sepulveda Boulevard
Los Angeles, CA. 90025
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(Address of principal executive offices)
Registrant's Telephone Number, including
area code: (310) 444-8123
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(Former Address, if changed since last report)
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Item 1: Changes in Control of Registrant.
On July 15, 1999, a subsidiary of The News Corporation Limited acquired
all of the membership interests in Fox Sports Networks, LLC (f/k/a Fox/Liberty
Networks, LLC) (the "Company") held by subsidiaries of Liberty Media
Corporation, pursuant to the terms of an Agreement and Plan of Merger dated as
of July 15, 1999 (the "Merger Agreement"), by and among Liberty Media
Corporation, a Delaware corporation ("Liberty"), LMC Newco U.S., Inc., a
Delaware corporation, New LMC KBIL, Inc., a Delaware corporation, New LMC Bay
Area, Inc., a Delaware corporation, New LMC Chicago, Inc., a Delaware
corporation, New LMC Northwest, Inc., a Delaware corporation, and New LMC Upper
Midwest Sports, Inc., a Delaware corporation, The News Corporation Limited (acn
007 910 330), a South Australia corporation ("News Corporation"), and News
Publishing Australia Limited, a Delaware corporation.
Pursuant to the Merger Agreement, News Corporation acquired
substantially all of Liberty's 50% interest in the businesses of the Company and
other related businesses. In exchange for its interests, Liberty received ADRs
(representing preferred limited voting ordinary shares) of News Corporation.
Following consummation of the transaction, News Corporation immediately
transferred the acquired interests to its subsidiary Fox Entertainment Group,
Inc. ("Fox") in exchange for shares of Fox's Class A Common Stock.
Item 5: Other Events.
On July 15, 1999, all of the lenders under the Company's bank credit
facility assigned their rights and obligations under such facility to a
subsidiary of News Corporation. The Company's bank credit facility is comprised
of a $400 million revolving credit facility and a $400 million term loan
facility.
On July 23, 1999, the Company changed its name from Fox/Liberty
Networks, LLC to Fox Sports Networks, LLC. Certain subsidiaries of the Company
also changed their names, including FLN Finance, Inc., which changed its name to
Fox Sports Net Finance, Inc.
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SIGNATURES
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.
July 26, 1999
FOX SPORTS NETWORKS, LLC.
By: /s/ Andrew Hubsch
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Name: Andrew Hubsch
Title:Vice President, Treasurer
