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: July 28, 1997
LEE ENTERPRISES, INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 1-6227 42-0823980
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation
215 N. Main Street, Davenport, IA 52801-1924
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(Address of principal executive offices) ZIP Code
(319) 383-2100
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(Registrant's telephone number, including area code)
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Item 5. Other Materially Important Events
On July 25, 1997 Lee Enterprises, Incorporated entered into a definitive
agreement to acquire the Pacific Northwest Publishing Group from ABC, Inc., a
wholly-owned subsidiary of The Walt Disney Company ("Seller"). The Pacific
Northwest Publishing Group publishes daily and weekly newspapers, shoppers and
specialty publications. The shopper and specialty publication group covers eight
markets in the states of Washington, Oregon, Nevada and Utah. They are grouped
into three geographic regions with total circulation of 980,000 and estimated
readership of over 2.2 million. The newspaper group publishes eight Oregon
newspapers geographically clustered in the Willamette Valley. The two daily and
six weekly newspapers have an aggregate paid circulation of approximately
67,000.
The transaction, which is subject to requisite regulatory approval
discussed below and other customary contingencies for a transaction of this
nature, is expected to close before September 30, 1997. The purchase price is
approximately $185 million. The acquisition will be affected by registrant's
acquisition of all of the outstanding shares of common stock of Southern Utah
Media, Inc., a Delaware corporation, Nevada Media Inc., a Delaware corporation,
and Oregon News Media Inc., a Delaware corporation, from Seller.
The transaction is subject to the approval of the Federal Trade Commission
and the United States Department of Justice pursuant to the requirements of the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
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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.
LEE ENTERPRISES, INCORPORATED
Registrant
/s/ G. Chris Wahlig
By: -------------------------
G. Chris Wahlig
Chief Accounting Officer
Dated: July 28, 1997
