Filed Pursuant to Rule 424(b)(3)
under the Securities Act of 1933
Registration No. 333-1947
Supplement dated June 12, 1996 to Consent
Solicitation Statement/Prospectus dated May 13, 1996
OUTLET BROADCASTING, INC.
Solicitation of Consents to Amendment of the Indenture
Governing its 10-7/8% Senior Subordinated Notes Due 2003
(CUSIP No. 690090)
-------------------------------
GENERAL ELECTRIC COMPANY
Prospectus
-------------------------------
- --------------------------------------------------------------------------------
THIS SOLICITATION WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON JUNE
26, 1996, UNLESS EXTENDED (THE "EXPIRATION DATE"). CONSENTS GIVEN BY ANY
REGISTERED HOLDER OF THE NOTES AS OF THE RECORD DATE MAY BE REVOKED AT
ANY TIME PRIOR TO THE EFFECTIVE TIME.
- --------------------------------------------------------------------------------
Outlet Broadcasting, Inc. ("Outlet") has extended the date through
which holders of its 10-7/8% Senior Subordinated Notes due 2003 (the
"Notes") may deliver a Consent, as described in the Consent Solicitation
Statement/Prospectus dated May 13, 1996 (the "Solicitation Statement";
capitalized terms used herein have the meanings set forth in the
Solicitation Statement) to 5:00 p.m., New York City time, on June 26,
1996 (the "Expiration Date").
The CONSENT FEE, as described in the Solicitation Statement has been
increased to $5.00 in cash for each $1,000 in principal amount of Notes.
Upon the terms and subject to the conditions set forth in the Consent and
in the Solicitation Statement, Outlet agrees to make a Consent Payment to
each registered Holder as of May 10, 1996 (the "Record Date") who delivers
to Outlet an Accepted Consent (as defined below) to the adoption of an
amendment (the "Proposed Amendment") to the indenture dated as of July 8,
1993, between Outlet and Bankers Trust Company, as trustee (the "Trustee").
The Consent Payment will be made at the rate of $5.00 for each $1,000
principal amount of Notes (the "Increased Rate") as to which an Accepted
Consent is delivered and not revoked. The Solicitation, as described in
the Solicitation Statement, will end on the Expiration Date. The Consent
Payment will be made only (a) to registered Holders as of the Record
Date whose Consents are received prior to the Expiration Date and not
revoked prior to execution of a supplemental indenture (the "Supplemental
Indenture") by Outlet, General Electric Company, and the Trustee, (b) in
the event that the registered Holders of at least a majority in aggregate
principal amount of the Notes outstanding and not owned by Outlet or any
of its Affiliates deliver Accepted Consents and (c) in the event that the
Supplemental Indenture is executed thereby effecting the Proposed Amendment.
Outlet reserves the right, in its sole discretion, to extend the Expiration
Date and to terminate the Solicitation. Registered Holders whose Consents are
not received prior to the Expiration Date WILL NOT be entitled to a Consent
Payment. NOTWITHSTANDING ANY SUBSEQUENT TRANSFER OF NOTES, ONLY PERSONS WHO
ARE HOLDERS OF RECORD OF NOTES AS OF THE RECORD DATE AND WHO DELIVER AN
ACCEPTED CONSENT BY THE EXPIRATION DATE WILL RECEIVE A CONSENT PAYMENT. The
method of delivery of all documents, including fully executed Consent
forms, is at the election and risk of the Holder. An Accepted Consent is a
properly completed and executed Consent that is (a) timely received by
Outlet and not thereafter revoked as provided in the Solicitation Statement
and (b) accepted by Outlet in accordance with the terms and subject to the
conditions set forth in the Consent and in the Solicitation Statement. ALL
HOLDERS WHO HAVE HERETOFORE DELIVERED CONSENTS AND WHO DO NOT REVOKE SUCH
CONSENT WILL BE ENTITLED TO RECEIVE A CONSENT PAYMENT AT THE INCREASED RATE
AND NEED NOT DELIVER A REVISED CONSENT. FURTHER, THE FORM OF CONSENT WHICH
WAS ISSUED TO HOLDERS SIMULTANEOUSLY WITH THE SOLICITATION STATEMENT MAY BE
USED TO CONSENT TO THE SOLICITATION AT THE INCREASED RATE THRU THE
EXPIRATION DATE STATED HEREIN. Consent Payments will be made as soon as
possible after the satisfaction of all conditions thereto.
All other terms and conditions of the Solicitation are unchanged and
reference is made to the Solicitation Statement and the related documents
for information concerning the Solicitation. Questions relating to the
Consent or the terms and conditions of the Solicitation may be directed to
Lawrence Rutkowski at the address and telephone number set forth below,
or to your broker, dealer, commercial bank or trust company. Questions
regarding the instructions for completion of the Consent and for
additional copies of the Solicitation Statement and the form of Consent
may also be directed to Lawrence Rutkowski, at:
OUTLET BROADCASTING, INC.
c/o National Broadcasting Company, Inc.
30 Rockefeller Plaza
New York, NY 10112
Attention: Lawrence Rutkowski
Call Collect: (212) 664-5665
Facsimile: (212) 765-3575
-------------------------------
