SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
June 3, 1996
Date of Report (Date of earliest event reported)
CHILDREN'S BROADCASTING CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 0-21534 41-1663712
(State or other jurisdiction (Commission File No.) (IRS Employer ID No.)
of incorporation)
724 First Street North, Minneapolis, Minnesota 55401
(Address of principal executive offices)
(612) 338-3300
(Registrant's telephone number, including area code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On June 3, 1996, the Company completed the acquisition of substantially
all of the assets of Radio Station WCAR-AM, licensed to Livonia, Michigan, from
Wolpin Broadcasting Company, pursuant to an Asset Purchase Agreement dated
January 30, 1996. WCAR-AM serves the Detroit, Michigan market. The aggregate
purchase price for the station assets and related real estate was $1.5 million.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired.
It is impractical for the Registrant to provide required
financial statements specified in Rule 3-05(b) for the
acquisition described in Item 2. The Registrant intends to
file such financial statements within 60 days.
(b) Pro forma financial information.
It is impractical for the Registrant to provide required pro
forma financial information. The Registrant intends to file
such financial statements within 60 days.
(c) Exhibits.
10.1 Asset Purchase Agreement dated January 30, 1996,
between the Company and Wolpin Broadcasting Company
(incorporated by reference to Exhibit 10.49 to
Registrant's Registration Statement on Form S-2, File
No. 33-80721).
10.2 Real Estate Purchase Agreement dated January 30,
1996, between the Company and Weber/Wolpin Realty
Company (incorporated by reference to Exhibit 10.50
to Registrant's Registration Statement on Form S-2,
File No. 33-80721).
SIGNATURES
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.
CHILDREN'S BROADCASTING CORPORATION
Dated: June 17, 1996. By: /s/ James G. Gilbertson
James G. Gilbertson
Executive Vice President and
Chief Financial Officer
