UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: 1
Name of Issuer: NewsEDGE Corporation
Title of Class of Securities: Common Stock, $.01 par value
CUSIP Number: 00065249Q1
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Peter Woodward, c/o Regan Partners, L.P., 6 East 43rd Street
New York, New York 10017; (212) 661-3442
(Date of Event which Requires Filing of this Statement)
October 22, 1998
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 [ ].
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.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Regan Partners, L.P.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
New Jersey
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
1,970,000
9. Sole Dispositive Power:
10. Shared Dispositive Power:
1,970,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,970,000
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
2
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
11.3%
14. Type of Reporting Person
PN
3
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Regan International Fund Limited
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
British Virgin Islands
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
1,336,400
9. Sole Dispositive Power:
10. Shared Dispositive Power:
1,336,400
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,336,400
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
4
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
7.7%
14. Type of Reporting Person
PN
5
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Regan Fund Management Ltd.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
New York
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
1,336,400
9. Sole Dispositive Power:
10. Shared Dispositive Power:
1,336,400
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,336,400
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
6
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
7.7%
14. Type of Reporting Person
CO
7
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Basil P. Regan
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
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
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
439,700
8. Shared Voting Power:
3,306,400
9. Sole Dispositive Power:
439,700
10. Shared Dispositive Power:
3,306,400
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,746,100
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
8
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
21.6%
14. Type of Reporting Person
IN
9
<PAGE>
The purpose of this Amendment No. 1 to the previously filed
Schedule 13D is to report that the ownership of Regan Partners,
L.P. (the "Partnership"), Regan International Fund Limited (the
"International Fund"), Regan Fund Management Ltd. (the
"Investment Manager") and Basil P. Regan (together with the
Partnership, the International Fund and the Investment Manager,
the "Reporting Persons") in the Common Stock, $.01 par value (the
"Shares"), of NewsEDGE Corporation (the "Issuer") has increased.
The ownership of the Partnership has increased from 10.1% to
11.3%; the International Fund and the Investment Manager from
7.3% to 7.7%; and the beneficial ownership of Basil P. Regan from
19.9% to 21.6% of the Shares outstanding.
Item 1. Security and Issuer
No change.
Item 2. Identity and Background
No change.
Item 3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Partnership owns 1,970,000
Shares; the International Fund owns and the Investment
Manager is deemed to beneficially own 1,336,400 Shares;
and Basil P. Regan is deemed to beneficially own
3,746,100 Shares. All 3,746,100 Shares are held by
either the Partnership, the International Fund, Basil P.
Regan or the managed accounts.
All of the Shares were purchased in open market
transactions. The Shares owned by the Partnership were
purchased for an aggregate purchase price of
$12,691,713. The Shares owned by the International Fund
and beneficially owned by the Investment Manager were
purchased for an aggregate purchase price of $9,675,432.
The Shares beneficially owned by Basil P. Regan were
purchased for an aggregate purchase price of
$25,935,378.
The funds for the purchase of the Shares held by the
Partnership, the International Fund, Basil P. Regan or
the managed accounts have come from the working capital
of the Partnership, the International Fund, Basil P.
Regan or the managed account. No funds were borrowed to
purchase any of the Shares.
10
<PAGE>
Item 4. Purpose of Transactions
No change.
Item 5. Interest in Securities of Issuer
As of the date hereof, the Partnership owns 1,970,000
Shares, the International Fund owns and the Investment
Manager is deemed to beneficially own 1,336,400 Shares
and Basil P. Regan is deemed to be the beneficial owner
of 3,746,100 Shares. Based on the Issuer's filing on
Form 10-Q on August 14, 1998, as of July 31, 1998 there
were 17,382,065 Shares outstanding. Therefore, the
Partnership owns 11.3%, the International Fund owns and
the Investment Manager is deemed to beneficially own
7.7% and Basil P. Regan is deemed to beneficially own
21.6% of the outstanding Shares. The Reporting Persons
have the sole or shared power to vote, direct the vote,
dispose of or direct the disposition of all the Shares
that they are deemed to beneficially own. All
transactions in the Shares effected by the Reporting
Persons since the most recent filing on Schedule 13D
were effected in open-market transactions and are set
forth in Exhibit B hereto.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
No change.
Item 7. Material to be Filed as Exhibits
1. An agreement relating to the filing of a joint
statement as required by Rule 13d-1(f) under
the Securities Exchange Act of 1934 is filed
herewith as Exhibit A.
2. A description of the transactions in the
Shares that were effected by the Reporting
Persons since the most recent filing on
Schedule 13D is filed herewith as Exhibit B.
11
<PAGE>
Signature
The undersigned, after reasonable inquiry and to
the best of their knowledge and belief, certify that the
information set forth in this statement is true, complete
and correct.
REGAN PARTNERS, L.P.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, General Partner
REGAN INTERNATIONAL FUND LIMITED
By: Regan Fund Management Ltd.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
REGAN FUND MANAGEMENT LTD.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
/s/ Basil P. Regan
_______________________________
Basil P. Regan
October 28, 1998
12
<PAGE>
AGREEMENT
The undersigned agree that this Schedule 13D dated
October 28, 1998 relating to the Common Stock of NewsEDGE
Corporation shall be filed on behalf of the undersigned.
REGAN PARTNERS, L.P.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, General Partner
REGAN INTERNATIONAL FUND LIMITED
By: Regan Fund Management Ltd.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
REGAN FUND MANAGEMENT LTD.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
/s/ Basil P. Regan
_______________________________
Basil P. Regan
13
<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - the International Fund
and the Investment Manager
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
10/14/98 10,000 $5.0625
10/16/98 10,000 5.364
10/22/98 15,000 7.0625
10/22/98 10,000 6.391
10/26/98 10,000 7.1875
10/27/98 10,000 7.0000
14
<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - the Partnership
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
10/14/98 10,000 $5.000
10/15/98 10,000 5.3125
10/16/98 10,000 5.3125
10/16/98 10,000 5.1875
10/19/98 10,000 5.25
10/20/98 7,750 5.308
10/21/98 25,000 7.075
10/21/98 25,000 6.8125
10/21/98 25,000 6.5625
10/21/98 25,000 6.196
10/22/98 17,250 6.819
10/23/98 10,000 7.058
10/26/98 10,000 7.0500
10/26/98 10,000 7.0000
10/27/98 10,000 7.0000
15
<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - Basil P. Regan
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
10/14/98 10,000 $5.0625
10/14/98 10,000 5.000
10/15/98 10,000 5.3125
10/16/98 10,000 5.3125
10/16/98 10,000 5.1875
10/16/98 10,000 5.364
10/19/98 10,000 5.25
10/20/98 7,750 5.308
10/21/98 25,000 7.075
10/21/98 25,000 6.8125
10/21/98 25,000 6.5625
10/21/98 25,000 6.156
10/22/98 17,250 6.819
10/22/98 15,000 7.0625
10/22/98 10,000 6.391
10/23/98 10,000 7.058
10/26/98 10,000 7.0000
10/26/98 10,000 7.1875
10/26/98 10,000 7.0500
10/27/98 20,000 7.0000
16
01394002.AM4
