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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 14, 1999
True North Communications Inc.
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(exact name of registrant as specified in its charter)
Delaware 1-5029 36-1088162
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
101 East Erie Street, Chicago, Illinois 60611-2897
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 425-6500
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(Not Applicable)
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Former name or former address, if changed since last report
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Item 5. Other Events
Effective June 14, 1999 the registrant completed the sale of its
entire investment in Publicis S.A. for net cash proceeds of approximately $135.3
million. The pre-tax gain on this transaction will approximate $1.4 million and
will be reflected in the second quarter of 1999. The registrant will initially
use the proceeds to reduce outstanding short-term debt.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits:
None
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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.
TRUE NORTH COMMUNICATIONS INC.
By /S/ Donald L. Seeley
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Donald L. Seeley
Chief Financial Officer
Dated: June 14, 1999
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