UNITED STATES
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) August 19, 1994
Meredith Corporation
(Exact name of registrant as specified in its charter)
Iowa 1-5128 42-0410230
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1716 Locust Street, Des Moines, Iowa 50309-3023
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code 515 - 284-3000
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Item 5. Other Events.
On August 19, 1994, the Company announced that it reached an agreement to
acquire the assets of WSMV-TV, an NBC network affiliate in Nashville, Tennessee
from Cook Inlet Television Partners. The Company will pay $159 million for
WSMV-TV and plans to acquire the television station using cash and debt
financing. The acquisition is expected to close in January, 1995, pending
Federal Communications Commission approval. Nashville is the 33rd largest
television market in the country.
Currently, Meredith owns television stations in Orlando (23rd market) and Las
Vegas (75th market) that are affiliated with the Fox network, a CBS affiliated
station in Kansas City (31st market), an independent station in Phoenix (20th
market) that will soon become affiliated with the CBS network and an NBC
affiliated station in Flint/Saginaw, Michigan (60th market) which will switch
to a CBS affiliation in calendar year 1995.
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.
MEREDITH CORPORATION
Registrant
(Larry D. Hartsook)
Larry D. Hartsook
Vice President - Finance
(Principal Financial and
Accounting Officer)
Date: August 22, 1994
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