UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
September 30, 1995 0-14871
(Date of earliest report) (Commission File Number)
ML MEDIA PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
Delaware 13-3321085
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
World Financial Center, South Tower, New York, New York 10080-6114
(Address of Principal Executive Offices) (Zip Code)
(212) 236-6472
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Item 2. Acquisition or Disposition of Assets.
On September 30, 1995, ML Media Partners, L.P. (the
"Partnership") completed the previously reported sale to KATC
Communications, Inc. (the "Buyer") of 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 Buyer did not assume the
accounts payable or other liabilities of the Station and the
Partnership will remain liable for such liabilities. The
purchase price for the assets was $24.5 million. Proceeds of the
sale will be applied to repay in full the remaining bank
indebtedness of approximately $6.0 million secured by the assets
of the Station and to pay (or reserve for payment) expenses and
liabilities relating to the sale (the amount of which cannot be
presently determined) as well as other debts and obligations of
the Partnership, including deferred fees and expenses owed to the
General Partner. The amount and timing of a distribution of the
remaining proceeds, if any, from the sale of the Station will be
made in accordance with the terms of the Partnership's
Partnership Agreement. In addition, with respect to assignments
of Partnership Interests recognized by the Partnership after the
close of business on September 30, 1995 and effective for the
period commencing on October 1, 1995, Assignees will not be
entitled to a distribution of cash, if any, related to the sale
of the Station.
The Asset Purchase Agreement is attached as an exhibit to
the Current Report on Form 8-K filed with respect to the
execution of the Asset Purchase Agreement on June 1, 1995.
Item 7(b). Financial Statements and Exhibits - Pro Forma
Financial Information.
Pro forma financial information relative to the sale of the
Station was not available at the time of filing this Current
Report on Form 8-K. Pro forma information will be filed as soon
as practicable.
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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.
ML MEDIA PARTNERS, L.P.
BY: MEDIA MANAGEMENT PARTNERS, its
general partner
BY: RP MEDIA MANAGEMENT, a general
partner
BY: IMP MEDIA MANAGEMENT, INC.,
its managing general partner
By: /s/ Elizabeth McNey Yates
Elizabeth McNey Yates
Vice President
Dated: October 2, 1995
