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
June 1, 1995
Date of report (Date of earliest event reported)
ML MEDIA PARTNERS, L.P.
(Exact name of registrant as specified in its governing
instruments)
Delaware
(State or other jurisdiction of incorporation)
0-14871
Commission File Number
13-3321085
(I.R.S. Employer Identification Number)
World Financial Center-South Tower, New York, New York 10080-6114
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 236-6472
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On June 1, 1995, ML Media Partners, L.P. (the "Partnership")
entered into an agreement (the "Asset Purchase Agreement") with
KATC Communications, Inc. (the "Buyer") to sell to the Buyer
substantially all of the assets used in the operations of the
Partnership's television station KATC-TV, Lafayette, Louisiana
(the "Station"), other than cash and accounts receivable. The
purchase price for the assets is $24,500,000. It is expected
that the entire proceeds of the sale, together with the proceeds
of the previously reported sale of the Partnership's television
station WREX-TV in Rockford, Illinois (sales price -
$18,370,500), after application to the expenses and liabilities
relating to the sales, will be applied to repay bank indebtedness
secured by the assets of the Station and the Rockford, Illinois
station (outstanding principal amount as of May 31, 1995 -
$22,900,000) and to pay other debts and obligations of the
Partnership, as provided in the Partnership's Partnership
Agreement, and any remaining proceeds will be distributed to the
partners of the Partnership. If the sale of the Station is
