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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 15, 1997
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TCA Cable TV, Inc.
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(Exact name of registrant as specified in its charter)
Texas 0-11478 75-1798185
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
3015 S.S.E. Loop 323, Tyler, Texas 75701
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (903) 595-3701
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ITEM 5. OTHER EVENTS.
The Registrant hereby incorporates by reference herein the information
set forth in its press release dated August 15, 1997, a copy of which is
attached hereto as Exhibit 99.1
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
99.1 Press Release issued by TCA Cable TV, Inc., dated
August 15, 1997.
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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.
TCA CABLE TV, INC.
Date: August 25, 1997 /s/ Fred R. Nichols
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Fred R. Nichols
President and Chief Operating
Officer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
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<S> <C>
99.1 Press Release issued by TCA Cable TV, Inc. dated
August 15, 1997.
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EXHIBIT 99.1
[TCA CABLE TV LOGO] NEWS RELEASE
FOR IMMEDIATE RELEASE: August 15, 1997
CONTACT: Fred R. Nichols (903) 595-3701
President and Chief Operating
Officer
TCA AND TCIC SIGN LETTER OF INTENT
TO FORM PARTNERSHIP FOR TEXAS, LOUISIANA SYSTEMS
[Tyler, Texas] - TCA Cable TV, Inc. (TCA) and Tele-Communications, Inc.
(TCIC) today announced that the companies have signed a letter of intent to
establish a partnership in which TCA will contribute selected systems in Texas
serving approximately 154,000 customers, and TCI will contribute its cable
systems in mid-Texas and Western Louisiana serving approximately 148,000
customers. Upon closing of the transaction, TCIC will hold a 20 percent
minority interest in the partnership and TCA will be the managing partner for
the venture. TCA will consolidate the partnership for financial statement
purposes.
TCA President and Chief Operating Officer Fred R. Nichols said,
"We're looking forward to this partnership with TCI. Our aim is to improve
system clusters and further strengthen our ability to effectively manage
cable's move to enhanced services for the future." According to Nichols, "This
association is a natural one for us because of our strong presence in the areas
that will be served by the new partnership. It will benefit TCA's customers and
shareholders."
"We are pleased to have TCA as a partner as we continue our corporate
strategy of partnering with quality operators where it makes business sense in
geographically attractive areas," said Leo J. Hindery, Jr., President and Chief
Executive Officer of TCIC. "The Value in these deals is that they create
opportunities for better packaging opportunities, customer service and other
operational efficiencies, while at the same time helping TCI to make advances
in our debt management plan."
The systems being contributed to the partnership by TCA are all in Texas
and include Amarillo, Andrews, Athens, Big Spring, Clovis, Dalhart,
Gladewater, Henderson, Mineola, Paris, Plainview, San Angelo, Snyder and
Sulphur Springs.
The systems being contributed to the partnership by TCI in Texas are
Abilene, DeKalb, Gainesville, Hooks, Jacksonville, Maud, Mineral Wells, Mt.
Pleasant, Mt. Vernon, New Boston, Perryton, Pittsburgh, Sweetwater, Tyler and
Whitesboro. Louisiana systems being contributed by TCIC are Bossier City, Lake
Charles and Sulphur.
The transaction is subject to definitive agreements being entered into
and regulatory approvals. Additional terms of the agreement were not disclosed.
Daniels & Associates assisted the parties with the transaction.
TCA Cable TV presently serves approximately 700,000 subscribers in 64
cable television system offices in Texas, Louisiana, Arkansas, New Mexico,
Mississippi, Missouri and Idaho. The company's stock is publicly traded on the
NASDAQ National Market System under the symbol TCAT.
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3015 SSE Loop 323 * Tyler, TX 75713-0489 * (903) 595-3701 * FAX (903) 592-0786
