SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 15, 1995
MULTIMEDIA, INC.
(Exact name of registrant as specified in its charter)
South Carolina 0-6265 57-0173540
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(State or other (Commission (IRS Employer
jurisdiction of File Number ) Identification
incorporation) Number)
305 South Main Street
Greenville, SC 29601
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(Address of principal executive offices; zip code)
Registrant's telephone number, including area code: 803 298-4373
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On November 15, 1995, the shareholders (the "Shareholders") of Multimedia,
Inc., a South Carolina corporation (the "Company"), approved and adopted an
Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 24,
1995, by and among Gannett Co., Inc. ("Gannett"), Gannett Multimedia
Acquisition Subsidiary, Inc., a wholly-owned subsidiary of Gannett, and the
Company at its special meeting (the "Special Meeting") of Shareholders held
today. Holders of approximately 75.8% of the shares of the Company's common
stock, par value $.10 per share, outstanding on the record date for the
Special Meeting voted in favor of the Merger Agreement.
On November 15, 1995, the Company issued a press release relating to the vote
of the Shareholders and certain other matters relating to the proposed merger
described in the Merger Agreement. A copy of the press release is attached
as Exhibit 1 hereto and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
1. Press release dated November 15, 1995.
<PAGE>
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 hereunto duly authorized.
MULTIMEDIA, INC.
Dated: November 15, 1995 By: SIGNATURE APPEARS HERE
_________________________________
Robert E. Hamby, Jr.
Senior Vice President and
Chief Financial Officer
Dated: November 15, 1995 By: SIGNATURE APPEARS HERE
__________________________________
Frederick G. Lohman
Vice President-Controller
MULTIMEDIA SHAREHOLDERS APPROVE MERGER WITH GANNETT
GREENVILLE, S. C. -- November 15, 1995 -- Multimedia, Inc. announced today
that its shareholders had approved the Merger Agreement with Gannett Co.,
Inc. at its special meeting of shareholders held today. Multimedia indicated
that holders of approximately 75.8% of its outstanding shares had voted in
favor of the Merger Agreement. Under the terms of the merger, Multimedia
would become a subsidiary of Gannett and holders of Multimedia common stock
would receive $45.25 in cash, without interest, subject to adjustment if the
company's debt at December 31, 1995 exceeds a specified level. Multimedia
said that it does not currently expect there to be any adjustment of the
purchase price.
The Company noted that the consummation of the merger remains subject to
approval by the Federal Communications Commission (FCC). Under the Merger
Agreement, the closing of the merger is to occur within two business days
following satisfaction of all conditions to such closing. The company
currently expects the closing to take place within two business days
following approval by the FCC.
Multimedia, Inc. is a diversified media company headquartered in Greenville,
S. C., which publishes 10 daily and 49 non-daily newspapers; owns and
operates five television and two radio stations; operates more than 150 cable
television franchises in five states; monitors approximately 82,000 security
alarm subscribers; and produces and syndicates quality television
programming, including DONAHUE; SALLY JESSY RAPHAEL; JERRY SPRINGER; RUSH
LIMBAUGH, THE TELEVISION SHOW; AND NEWSTALK TELEVISION, a nationally
distributed news-based cable service.
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Contact: Alan D. Austin
Treasurer
(803)298-4407
