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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 1, 1994
A. H. BELO CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-8598 75-0135890
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification Number)
incorporation)
P.O. BOX 655237, DALLAS, TEXAS 75265-5237
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214)977-6606
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Page 1 of 6 pages.
Exhibit Index on page 4.
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
On June 1, 1994, A. H. Belo Corporation (the "Registrant"),
through its wholly-owned subsidiary, WWL-TV, Inc., consummated the
acquisition from Rampart Operating Partnership ("Rampart") of assets
relating to television station WWL-TV, the CBS affiliate in New
Orleans, Louisiana. The purchase price paid for such assets was
approximately $110,000,000 in cash.
The assets were acquired from Rampart pursuant to the terms of
the Asset Purchase Agreement dated as of March 29, 1994 between the
Registrant and Rampart and include the FCC licenses, equipment, real
estate, contracts and other assets used in the operation of WWL-TV.
The funds for the acquisition were obtained by the Registrant from
borrowings under its credit agreement with various lenders, including
The First National Bank of Chicago as managing agent. The Registrant
presently intends to continue the existing use of the physical assets
acquired from Rampart.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired.
It is impracticable to file the financial statements
required by Item 7(a) with the initial filing of this Report on Form
8-K. Such financial statements will be filed by amendment to this
Report as soon as practicable and within 60 days after the required
filing date for this Report.
(b) Pro forma financial information.
It is impracticable to file the pro forma financial information
required by Item 7(b) with the initial filing of this Report on Form
8-K. Such pro forma financial information will be filed by amendment
to this Report as soon as practicable and within 60 days after the
required filing date for this Report.
(c) Exhibits.
The following exhibits are included as part of this Report:
10.1 Asset Purchase Agreement dated as of March 29,
1994 between Rampart Operating Partnership and the
Registrant (incorporated by reference to Exhibit 10.1
to the Registrant's Quarterly Report on Form 10-Q
for the quarterly period ended March 31, 1994).
28.1 Press release of the Registrant dated May 31, 1994.
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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.
A. H. BELO CORPORATION
Date: June 8, 1994 By: /s/ Michael D. Perry
Michael D. Perry
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
SEQUENTIALLY
NUMBERED
EXHIBIT NUMBER DESCRIPTION PAGE
- - -------------- ----------- ------------
10.1 Asset Purchase Agreement N/A
dated as of March 29, 1994
between Rampart Operating
Partnership and the Registrant
(incorporated by reference to
Exhibit 10.1 to the
Registrant's Quarterly Report
on Form 10-Q for the quarterly
period ended March 31, 1994)
28.1 Press release of the 6
Registrant dated May 31, 1994
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EXHIBIT 28.1
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FOR IMMEDIATE RELEASE Contact:
Tuesday, May 31, 1994 Michael Perry or Harold Gaar
214/977-6622 214/977-7650
BELO ACQUIRES TELEVISION STATION
WWL-TV IN NEW ORLEANS
A. H. Belo Corporation announced that effective June 1, its
wholly-owned subsidiary, WWL-TV, Inc. has acquired the assets of WWL-TV, the
CBS affiliate in New Orleans, Louisiana, from Rampart Operating Partnership for
$110 million in cash. An agreement to purchase the station was made in March,
and federal regulatory approvals were recently granted which allowed for
completion of the transaction.
In addition to WWL, Belo owns and operates network-affiliated television
stations WFAA-TV (ABC) in Dallas-Fort Worth; KHOU-TV (CBS) in Houston, Texas;
KXTV (CBS) in Sacramento, California; WVEC-TV (ABC) in Hampton-Norfolk,
Virginia; and KOTV (CBS) in Tulsa, Oklahoma; as well as Belo Productions, Inc..
Belo also owns The Dallas Morning News, DFW Suburban Newspapers, Inc., and DFW
Printing Company, Inc.. Shares of Belo Series A Common Stock are traded on the
New York Stock Exchange under the symbol BLC.
