SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Central Newspapers, Inc.
(Name of Issuer)
Class A Common Stock, without par value
(Title of Class of Securities
154647 10 1
(CUSIP Number)
Steven W. Thornton
BARNES & THORNBURG
1313 Merchants Bank Building
11 South Meridian Street
Indianapolis, Indiana 46204
317-638-1313
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 21, 1993
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this
statement [X]. (A fee is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
PAGE (1) OF (5)
CUSIP No. 154647 10 1
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Frank E. Russell
S.S.N. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
7 SOLE VOTING POWER
NUMBER OF 985,000
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,304,070
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 985,000
10 SHARED DISPOSITIVE POWER
2,304,070
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,289,070
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions)
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4%
14 TYPE OF REPORTING PERSON (See Instructions)
IN
PAGE (2) of (5)
Item 1. Security and Issuer.
Title of Security: Class A Common Stock, no par value
Issuer: Central Newspapers, Inc.
135 N. Pennsylvania, Suite 1200
Indianapolis, IN 46204
Item 2. Identity and Background.
(a) Frank E. Russell
(b) 135 N. Pennsylvania, Suite 1200
Indianapolis, IN 46204
(c) President
Central Newspapers, Inc.
135 N. Pennsylvania, Suite 1200
Indianapolis, IN 46204
(d) No
(e) No
(f) United States of America
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Frank E. Russell obtained shared voting and dispositive
powers with regard to 22,907,500 shares of Class B Common Stock,
no par value, of Central Newspapers, Inc. ("Class B Common
Stock") upon being named one of the three trustees of the Eugene
C. Pulliam Trust. The other two Trustees of the Trust are Naomi
Mason Pulliam and Eugene S. Pulliam. Mr. Russell replaced
William A. Dyer Jr., who died in March, 1993. The indenture that
created the Trust provides that, for so long as Naomi Mason
Pulliam is a Trustee of the Trust, her decision will be final and
determinative if the three Trustees of the Trust are unable to
reach unanimous decision.
Pursuant to the Articles of Incorporation of Central
Newspapers, Inc., each share of Class B Common Stock may be
converted into 1/10th of a share of Class A Common Stock, no par
value, of Central Newspapers, Inc. ("Class A Common Stock").
Therefore, the 22,907,500 shares of Class B Common Stock owned by
the Trust may be converted into 2,290,750 shares of Class A
Common Stock.
PAGE (3) of (5)
Item 5. Interest in Securities of Issuer.
(a) Frank E. Russell beneficially owns 3,289,070 shares of
Class A Common Stock. Of such shares (i) 13,320 shares of Class
A Common Stock are owned by his wife, Nancy M. Russell, as to
which Frank E. Russell disclaims beneficial ownership, (ii)
80,000 shares of Class A Common Stock may be obtained upon
exercise of stock options held by Frank E. Russell, (iii)
22,907,500 shares of Class B Common Stock are owned by the Eugene
C. Pulliam Trust (of which Frank E. Russell is a Trustee and as
to which shares Frank E. Russell disclaims beneficial ownership),
which shares of Class B Common Stock may be converted into
2,290,750 shares of Class A Common Stock, (iv) 752,000 shares of
Class A Common Stock are owned by various trusts for which Frank
E. Russell acts as sole trustee, as to which Frank E. Russell
disclaims beneficial ownership, (v) 140,500 shares of Class A
Common Stock are owned by Frank E. Russell, and (vi) 125,000
shares of Class B Common Stock are owned by Frank E. Russell,
which shares of Class B Common Stock may be converted into 12,500
shares of Class A Common Stock.
(b) Sole Voting Power: 985,000
Shared Voting Power: 2,304,070
Sole Dispositive Power: 985,000
Shared Dispositive Power: 2,304,070
(c) None
(d) Pursuant to the Eugene C. Pulliam Trust, all dividends
paid with respect to the Class B Common Stock owned by the Trust
will be paid to Naomi Mason Pulliam during her lifetime. Upon
her death, all such dividends shall be paid to those decedents of
Eugene C. Pulliam who are living at the time the Trust receives
such dividends. Frank E. Russell is not a descendant of Eugene
C. Pulliam.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
None
Item 7. Material to be filed as Exhibits.
None
PAGE (4) of (5)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 20, 1994 /s/ Frank E. Russell
PAGE (5) of (5)
