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: August 29, 1995
LEE ENTERPRISES, INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 1-6227 42-0823980
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
215 N. Main Street, Davenport, Iowa 52801-1924
(Address of principal executive offices) Zip Code
(319) 383-2100
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On August 29, 1995, the Registrant acquired all of
the outstanding common and preferred stock of SJL of
Kansas Corp., a Kansas corporation ("SJL").
SJL owns and operates, directly or through wholly-
owned subsidiaries, television stations KSNW Channel 3,
Wichita, Kansas; KSNT, Channel 27, Topeka, Kansas;
KSNC, Channel 2, Great Bend, Kansas; KSNG, Channel 11,
Garden City, KS; and KSNK, Channel 8, Oberlin, KS.
The transaction was effected by means of a reverse
triangular merger of SJLK Acquisition Corp., a newly-
formed Kansas corporation and wholly-owned subsidiary
of the Registrant ("SJLK"), into SJL pursuant to an
Acquisition Agreement entered into by and among the
Registrant, SJLK, SJL and each stockholder of SJL
executing a counterpart of the Acquisition Agreement on
March 6, 1995. At the effective time of the merger on
August 29, 1995, all of the outstanding common and
preferred stock of SJL was cancelled in exchange for
payment of $48,750,000 plus adjusted working capital
(as defined in the Acquisition Agreement) of
approximately $2,472,000 to the stockholders of SJL.
After the issuance of new common stock to Registrant,
it became the sole shareholder of SJL. SJL is not a
significant subsidiary of the Registrant.
Acquisition of the stock of SJL was approved by
the Federal Communications Commission, pursuant to its
authority under the Federal Communications Act of 1934,
as amended, on June 27, 1995.
The Registrant and Norwest Bank Iowa, National
Association, pursuant to a Non-Revolving Committed
Credit Line, and Firstar Bank Milwaukee, N.A., pursuant
to a Multiple Advanced Term Loan, provided the funds to
finance the purchase price paid to the stockholders of
SJL.
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.
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LEE ENTERPRISES, INCORPORATED
(Registrant)
By /s/G. Christopher Wahlig
G. Christopher Wahlig
Chief Accounting Officer
Dated: September 18, 1995
