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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
(X) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 13, 1997
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AMERICAN TELECASTING, INC.
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(Exact name of registrant as specified in its charter)
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Delaware 0-23008 54-1486988
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(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer
Identification No.)
5575 Tech Center Drive, Colorado Springs, CO 80919
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (719) 260 - 5533
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Item 5. Other Events
On August 13, 1997, American Telecasting, Inc. issued the following press
release:
AMERICAN TELECASTING, INC. RECEIVES TEMPORARY LISTING
EXCEPTION FROM NASDAQ
Colorado Springs, Colorado, August 13, 1997 -- American Telecasting,
Inc. (NASDAQ: ATEL) announced today that it had received a temporary
exception from The Nasdaq Stock Market, Inc. for its Class A common stock to be
listed on The Nasdaq Stock Market. The temporary exception was granted by a
panel authorized by the Board of Governors after a hearing held on July 25,
1997. The temporary exception is subject to certain conditions, which the
company presently does not meet, and is limited in duration. In the event that
American Telecasting, Inc. is unable to satisfy the conditions in the time
permitted, the Company expects that its Class A common stock will be delisted
from The Nasdaq Stock Market.
If the Company's Class A common stock is removed from listing on the
Nasdaq National Market, it would likely be more difficult to buy or sell the
Class A common stock or to obtain timely and accurate quotations to buy or
sell. In addition, the delisting process could result in a decline in the
trading market for the Class A common stock, which could potentially depress
the Company's stock and bond prices, among other consequences.
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American Telecasting, Inc. is one of the largest operators of wireless cable
television systems in the United States serving approximately 169,000
subscribers in 38 markets as of June 30, 1997. On August 12, 1997, the Company
sold its current channel and operating interests in certain markets to
BellSouth Corporation. These operating systems involved approximately 24,000
subscribers. Wireless cable television systems use microwave frequencies
licensed by the FCC to provide multiple channel subscription television
programming. Along with its commitment to deliver high levels of customer
service, American Telecasting, Inc. offers value programming packages by
pricing its products lower than its franchise cable and direct broadcast
satellite competitors, creating improved value for its customers.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERICAN TELECASTING, INC.
By: /s/ David K. Sentman
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David K. Sentman
Sr. Vice President and
Chief Financial Officer
Dated: August 15, 1997
