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
August 14, 2000 0-14871
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(Date of earliest report) (Commission File Number)
ML MEDIA PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
New York 13-3221085
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
World Financial Center, South Tower, New York, New York 10080-6108
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(Address of Principal Executive Offices) (Zip Code)
(212) 236-6577
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
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Registrant has not filed quarterly reports on Form 10-Q for the quarters ended
June 30 and September 29, 2000 with the Securities and Exchange Commission
("SEC"). This Current Report explains why the Registrant has not made these SEC
filings.
The sole remaining operating investment in media properties held by the
Registrant is its 50% interest in the joint venture that owns Century-ML Cable
Corp. ("C-ML Cable") , which owns and operates two cable television systems in
Puerto Rico. C-ML Cable is held by a 50-50 joint venture of the Registrant and
Adelphia Communications Corporation, including its subsidiaries ("Adelphia").
Under the terms of the joint venture agreement, Adelphia has managed C-ML
Cable's operations; as such, Adelphia has been responsible for the cable
systems' financial reports and operating data.
The Registrant's Form 10-Qs for the second and third quarters have not yet been
completed because the Registrant has not yet received what it believes to be
complete and accurate financial information from Adelphia. Although the
Registrant has received material purporting to reflect the joint venture's
financial results for the second and third quarters, the Registrant believes
that certain financial data are not correctly stated and that inclusion of that
information in filings with the SEC would be misleading. The Registrant is
presently discussing these matters with Adelphia, but it is impossible to
predict when the issues will be resolved. Although the Registrant desires to
prepare and make all SEC filings by their respective filing dates, such
financial reports cannot be filed until complete and accurate financial
information is obtained from Adelphia. The Registrant takes very seriously its
obligation to make complete and accurate financial reports to partners and to
the SEC, and is pursuing the matter with Adelphia diligently.
<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,
General Partner
By: RP Media Management,
General Partner
By: IMP Media Management,
Inc.
Dated December 21, 2000 By: s/ Elizabeth McNey Yates
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Elizabeth McNey Yates
Vice President
