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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 30, 1998
JONES INTERCABLE, INC.
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(Exact name of registrant as specified in its charter)
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 2. Acquisition of Assets
On June 30, 1998, Jones Communications of New Mexico, Inc., an
indirect subsidiary of Jones Intercable, Inc., a Colorado corporation (the
"Company"), acquired from Cable TV Fund 12-BCD Venture, an affiliated Colorado
general partnership (the "Venture"), the cable television system serving areas
in and around Albuquerque, New Mexico (the "Albuquerque System") for a purchase
price of $222,963,267, subject to normal closing adjustments. The Venture is
comprised of Cable TV Fund 12-B, Ltd., Cable TV Fund 12-C, Ltd. and Cable TV
Fund 12-D, Ltd., Colorado limited partnerships. The Company is the general
partner of these limited partnerships.
The purchase price paid by the Company for the Albuquerque System
represented the average of three separate, independent appraisals of the
Albuquerque System. The Company used borrowings available under its credit
facilities to acquire the Albuquerque System. The Company received from the
three partnerships that comprise the Venture general partner distributions
totaling approximately $8,100,000.
As of May 31, 1998, the Albuquerque System had approximately 237,000
basic subscribers and approximately 63,000 subscriptions for units of pay
television.
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Item 7. Financial Statements and Exhibits
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a. Historical financial statements.
Historical financial statements of the Albuquerque System are
incorporated by reference from the Jones Intercable, Inc. Current Report on Form
8-K dated August 1, 1997 (Commission File No. 1-9953).
b. Pro forma financial statements.
Pro forma financial statements of Jones Intercable, Inc. reflecting
the acquisition of the Albuquerque System are incorporated by reference from the
Jones Intercable, Inc. Current Report on Form 8-K dated August 1, 1997
(Commission File No. 1-9953).
c. Exhibits.
Purchase and Sale Agreement dated as of July 28, 1997 between Jones
Intercable, Inc. and Cable TV Fund 12-BCD Venture is incorporated by reference
from the Jones Intercable, Inc. Current Report on Form 8-K dated August 1, 1997
(Commission File No. 1-9953).
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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: July 14, 1998 By: /s/ Elizabeth M. Steele
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Elizabeth M. Steele
Vice President, General Counsel
and Secretary
(35978)
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