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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 4, 2000
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The Liberty Corporation
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(Exact name of Registrant as Specified in Charter)
South Carolina 1-5846 57-0507055
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
2000 Wade Hampton Boulevard, Greenville, SC 29615
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (864) 609-8256
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n/a
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 9. REGULATION FD DISCLOSURE.
[LIBERTY CORPORATION LETTERHEAD]
For Further Information: Jim Keelor (864) 609-8388
LIBERTY CORP. COMPLETES ACQUISITION OF CIVIC COMMUNICATION
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Purchase Expands the Cosmos Group to Fifteen TV Stations
GREENVILLE, S.C., December 4, 2000 - The Liberty Corp. (NYSE: LC) today
announced that its broadcasting subsidiary, Cosmos Broadcasting Corp., has
completed the acquisition of Civic Communication for $204 million in cash. The
acquisition adds WLBT-TV, the NBC affiliate in Jackson, MS., KLTV-TV, the ABC
affiliate in Tyler, Tx., and KTRE-TV, the satellite affiliate of KLTV in Lufkin,
Tx., to the Cosmos station group.
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On June 19 of this year, Liberty announced that Cosmos had signed a letter of
intent to acquire Civic.
A major group broadcaster, Cosmos owns the following fifteen network-affiliated
television stations:
NBC Affiliates ABC Affiliates CBS Affiliates
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WALB-TV, Albany, Ga KAIT-TV, Jonesboro, Ark. WTOL-TV, Toledo, Ohio
KCBD-TV, Lubbock, Tx WLOX-TV, Biloxi, Miss. KGTB-TV, Harlingen, Tx.
WAVE-TV, Louisville, Ky WWAY-TV, Wilmington, N.C
WIS-TV, Columbia, S.C KLTV-TV, Tyler, Tx.
WFIE-TV, Evansville, Ind KTRE-TV, Lufkin, Tx.
KPLC-TV, Lake Charles, La
WLBT-TV, Jackson, Miss.
Additionally Cosmos owns CableVantage Inc., a cable advertising sales
subsidiary; Take Ten productions, a video production facility; Broadcast
Merchandising Company, a professional broadcast equipment dealership, and
SuperCoups USA, a direct mail coupon business serving small business owners.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information contained herein or in any
other written or oral statements made by, or on behalf of the Company, is or may
be viewed as forward looking. The words "expect," "believe," "anticipate" or
similar expressions identify forward-looking statements. Although the Company
has used appropriate care in developing any such forward looking information,
forward looking information involves risks and uncertainties that could
significantly impact actual results. These risks and uncertainties include, but
are not limited to, the following: changes in national and local markets for
television advertising; changes in general economic conditions, including the
performance of financial markets and interest rates; competitive, regulatory, or
tax changes that affect the cost of or demand for the Company's products; and
adverse litigation results. The Company undertakes no obligation to publicly
update or revise any forward looking statements, whether as a result of new
information, future developments, or otherwise.
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SIGNATURE
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 thereunto duly authorized.
THE LIBERTY CORPORATION
By: /s/ Martha Williams
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Name: Martha Williams
Title: Vice President, General Counsel
and Secretary
December 4, 2000
