April 12, 1996
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: ML Media Partners
Form 8-K
Dear Commissioners:
We hereby electronically transmit for filing Form 8-K for the
above-mentioned company.
Respectfully submitted,
/s/ Lawrence H. Budish
Lawrence H. Budish
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
April 4, 1996 0-14871
(Date of earliest report) (Commission File Number)
ML MEDIA PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
Delaware 13-3221085
(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) 236-6577
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events
As previously reported on Registrant's Annual Report on Form 10-K for
the year ended December 29, 1995, Registrant and Century Communications
Corp. ("Century") were unable to consummate the sale of Registrant's
California cable operations serving Anaheim, Hermosa Beach/Manhattan Beach,
Rohnert Park/Yountville and Fairfield (the "California Cable Systems") by
April 1, 1996. Because the sale of the California Cable Systems was not
consummated by April 1, 1996, Registrant was unable to make the entire
principal payment of $15,812,500 due on such date under the Amended and
Restated Credit Agreement dated as of May 15, 1990, as amended (the "ML
California Credit Agreement"), but did make a $2,000,000 partial payment.
Registrant and the banks party to the ML California Credit Agreement have
entered into an amendment to the ML California Credit Agreement deferring
the due date of the remaining principal payment until May 31, 1996.
In February 1996, the transfer of the Anaheim franchise from
Registrant to Century was approved. Such approval became final on April 4,
1996, since no legally sufficient objection under the Anaheim City Charter
procedures for a public referendum was raised; therefore, all regulatory
approvals required to sell the California Cable Systems to Century have
been received. Although no assurance can be given that the sale of the
California Cable Systems under the Asset Purchase Agreement will be
consummated, Registrant is continuing its efforts to resolve other issues
necessary to consummate the closing with Century.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
ML MEDIA PARTNERS, L.P.
By: Media Management Partners, its
general partner
By: RP Media Management,
General Partner
By: IMP Media Management,
Inc.
By:
Elizabeth McNey Yates
Vice President
Dated: April 12, 1996
