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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20479
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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):
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May 22, 1996
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New World Television Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 33-64546 59-2813891
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(State or other (Commission) (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3200 Windy Hill Road, Suite 1100-West, Atlanta, Georgia 30339
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(Address of principal executive offices) (Zip Code)
(770) 955-0045
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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
New World Television Incorporated ("NWT"), a Delaware corporation and a
wholly owned subsidiary of New World Communications Group Incorporated
("NWCG"), NW Communications of San Diego Inc., a Delaware corporation and a
wholly owned subsidiary of NWT ("NWCSD"), and KNSD License, Inc., a Delaware
corporation and a wholly owned subsidiary of NWCSD (together with NWCSD, the
"KNSD Sellers"), and National Broadcasting Company, Inc. ("NBC") have entered
into an Asset Purchase Agreement dated May 22, 1996 (the "KNSD Asset Purchase
Agreement") pursuant to which NBC has agreed to purchase, and the KNSD Sellers
have agreed to sell, upon the terms and subject to the conditions set forth in
the KNSD Asset Purchase Agreement, substantially all of the assets of the KNSD
Sellers related to the ownership and operation of television station KNSD,
Channel 39, San Diego, California ("KNSD") for a purchase price of $225
million, subject to adjustment based on Net Working Capital (defined in the
KNSD Asset Purchase Agreement) as of the closing of such transaction.
The transactions contemplated by the KNSD Asset Purchase Agreement are
subject to various closing conditions, including regulatory approvals. A copy
of the KNSD Asset Purchase Agreement is filed as an exhibit hereto and is
incorporated herein by reference.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
The following items are filed with this report:
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EXHIBIT NO. DESCRIPTION
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99.1 Asset Purchase Agreement dated May 22, 1996 by and
among New World Television Incorporated, NW
Communications of San Diego, Inc., KNSD License, Inc.
and National Broadcasting Company, Inc. (1)
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(1) Incorporated herein by reference to the identical exhibit filed as part
of the Form 8-K dated May 22, 1996 of New World Communications Group
Incorporated.
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SIGNATURE
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.
New World Television Incorporated
Date: June 3, 1996 By: /s/ Joseph P. Page
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Name: Joseph P. Page
Title: Vice President and
Chief Financial Officer
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