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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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 22, 1995
JONES INTERCABLE, INC.
(Exact name of registrant as specified in its charter)
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Colorado 1-9953 84-0613514
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(State of Organization) (Commission File No.) (IRS Employer
Identification No.)
P.O. Box 3309, Englewood, Colorado 80155-3309 (303) 792-3111
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(Address of principal executive office and Zip Code (Registrant's
telephone no.
including area code)
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Item 5. Other Events
On February 22, 1995, Jones Intercable, Inc., a Colorado corporation
("Intercable") entered into a Purchase and Sale Agreement (the "Agreement")
with Cable TV Fund 12-B, Ltd., a Colorado limited partnership (the
"Partnership"), providing for the sale by the Partnership to Intercable of the
Partnership's cable television system serving areas in and around Augusta,
Georgia (the "Augusta System"). Intercable is the general partner of the
Partnership. Intercable acquires, develops and operates cable television
systems for itself and for its managed public limited partnerships.
The purchase price for the Augusta System is $141,718,000, subject to
certain closing adjustments provided by the Agreement. Closing of the sale is
subject to a number of conditions, including the approval of the limited
partners of the Partnership. The transaction is expected to close during 1995.
The Augusta System has approximately 1,600 miles of cable plant
passing approximately 102,000 homes. As of December 31, 1994, the Augusta
System had approximately 66,600 basic subscribers and approximately 50,200
subscriptions for units of pay television. The basic penetration rate in the
Augusta System is 68%.
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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.
JONES INTERCABLE, INC.,
a Colorado corporation
Dated: February 23, 1995 By: /s/ Elizabeth M. Steele
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Elizabeth M. Steele
Vice President
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