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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): June 11, 1997
JONES INTERCABLE, INC.
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(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
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During April and May 1997, Jones Intercable, Inc., a Colorado corporation
("Intercable"), sold its 25,017,385 ordinary shares of Cable & Wireless
Communications plc ("CWC"), a company that provides integrated
telecommunications and television entertainment services in the United Kingdom,
for an aggregate sales price of $109,276,000. The Company will recognize a gain
on the sale of the ordinary shares of CWC totalling $44,563,000. The sale of
these shares constituted the disposal by Intercable of its entire holdings in
CWC. Intercable used the sale proceeds to reduce outstanding debt.
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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: June 11, 1997 By: /s/ Elizabeth M. Steele
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Elizabeth M. Steele
Vice President and Secretary
(30509)
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