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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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 12, 1996
THE TIMES MIRROR COMPANY
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-13492 95-4481525
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (IRS EMPLOYER
INCORPORATION) IDENTIFICATION NO.)
TIMES MIRROR SQUARE 90053
LOS ANGELES, CALIFORNIA (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (213) 237-3700
NONE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On March 12, 1996, The Times Mirror Company issued the press release
attached hereto as Exhibit 20.1 which is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
The following exhibit is filed with this report on Form 8-K:
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Exhibit No. Description
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20.1 Press Release of the Times Mirror Company dated March 12, 1996.
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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.
THE TIMES MIRROR COMPANY
Date: March 13, 1996 By: /s/ O. Jean Williams
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O. Jean Williams
Secretary and Associate General Counsel
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EXHIBIT INDEX
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Exhibit Number Description
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<S> <C>
20.1 Press Release of The Times Mirror Company dated
March 12, 1996.
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EXHIBIT 20.1
[LOGO] TIMES MIRROR
NEWS
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TIMES MIRROR
Times Mirror Square
Los Angeles, CA 90053
For Immediate Release
Times Mirror To Explore Strategic Alternatives
For Its Higher Education Group and CRC Press
LOS ANGELES, CALIFORNIA, March 12, 1996 -- Times Mirror announced
today its plan to explore its strategic alternatives for the Higher Education
Group and CRC Press. The Higher Education Group consists of business and
economics publisher Richard D. Irwin and IPRO, its business professional
publishing unit; life and physical science publisher Wm. C. Brown Publishers,
social science and humanities publisher Brown & Benchmark Publishers; and
related college publishing activities in other Times Mirror professional
publishing companies. CRC Press publishes scientific and technical information.
"The reason for this plan is our conviction that we must concentrate
our resources in those businesses in which we can be market leaders. In today's
global marketplace, that means being number one or two," said Mark H. Willes,
Times Mirror chairman, president and chief executive officer. "Times Mirror now
ranks fifth in college publishing. Unfortunately, despite the outstanding
achievements of our college publishing operations, industry trends in higher
education--including slower growth, technological change and accelerating
consolidation--have led us to conclude that we do not have a clear path to
market leadership in the foreseeable future. Therefore, we will focus our
resources in other professional information areas where we already enjoy
leading market positions," Willes said.
Times Mirror's Professional Information segment also includes
Mosby-Year Book, the leading health sciences publisher, Matthew Bender, the
leading analytical legal publisher, Jeppesen Sanderson, the world's leading
flight information company and Times Mirror Training, the world leader in
business training.
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CRC Press, located in Boca Raton, Florida, was acquired by Times
Mirror in 1986; Richard D. Irwin, located in Burr Ridge, Illinois, was acquired
in 1988; and Wm. C. Brown, located in Dubuque, Iowa, in 1992. About 2,000
people are employed at these and other Times Mirror college-related operations.
Times Mirror (TMC--New York and Pacific Stock exchanges), a Los
Angeles-based news and information company, publishes the Los Angeles Times,
Newsday and other newspapers; books and information for professional markets;
and national and trade magazines.
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Press Information: Investor Information:
Martha Goldstein Jean Jarvis
(213) 237-3727 (213) 237-3935
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