UNITED SATES
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) January 13, 1997
--------------------------
AMERICAN TELECASTING, INC.
-----------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 0-23008 54-1486988
-------------------------------------------------------------------------
(State or Other Jurisdiction (IRS Employer (Commission File Number)
of Incorporation) Identification No.)
5575 Tech Center Drive, Colorado Springs CO 80919
- --------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (719) 260-5533
------------------
-----------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events
On January 13, 1997, American Telecasting, Inc. issued the following
press release:
AMERICAN TELECASTING, INC. ANNOUNCES EXPIRATION
OF LETTER OF INTENT WITH CS WIRELESS SYSTEMS, INC.
Colorado Springs, Colorado, January 13, 1997 - American Telecasting, Inc.
(NASDAQ: ATEL) announced today that its letter of intent with CS Wireless
Systems, Inc. to exchange certain wireless cable assets had expired. Under
the terms of the letter of intent, American Telecasting was to have exchanged
the wireless cable markets of Louisville, Kentucky; Little Rock, Arkansas;
Oklahoma City, Oklahoma; Wichita, Kansas to CS Wireless for the wireless cable
markets of Minneapolis, Minnesota; Bakersfield, California and
Stockton/Modesto, California, plus approximately $5.5 million in cash.
Robert D. Hostetler, ATI's President and Chief Executive Officer, stated,
"Although this letter of intent has expired, we will continue to seek
transactions that rationalize our MDS assets."
# # # # #
American Telecasting, Inc. operates wireless cable television systems
throughout the United States, serving approximately 178,100 subscribers in 38
markets. 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.
<PAGE>
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
--------------------------------
David K. Sentman
Sr. Vice President and
Chief Financial Officer
Date: January 15, 1997
