SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): June 13, 1996
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TRIATHLON BROADCASTING COMPANY
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(Exact name of registrant as specified in charter)
Delaware 0-26530 33-0668235
(State or Other Jurisdic (Commission File No.) (IRS Employer Identification No.)
of Incorporation)
Symphony Towers, 750 B Street, Suite 1920, San Diego, CA 92101
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (619) 239-4242
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N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On June 13, 1996, the Registrant acquired the assets of radio stations
KIBZ-FM, KKNB-FM and KHAT-AM, operating in the Lincoln, Nebraska market, from
Rock Steady, Inc. for a cash purchase price of $3.25 million. This acquisition
was financed with a portion of the proceeds of the $58 million public offering
of the Registrant's 9% Mandatory Convertible Preferred Stock which was
consummated on March 8, 1996.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired
The audited financial information of Rock Steady, Inc. for the
years ended September 30, 1994 and 1995 is set forth in the
Prospectus dated March 4, 1996, contained in the Registration
Statement filed by the Registrant with the Securities and Exchange
Commission (File No. 333-1186) (the "Prospectus"), which is
incorporated herein by reference.
It is impracticable to file the financial information required by
Item 7(a) at this time for the period ended March 31, 1996, because
that information is not yet available. The Registrant will file
that information as soon as is practicable but not later than 60
days following June 28, 1996.
(b) Pro Forma Financial Information
The unaudited pro forma financial information of the company which
includes Rock Steady, Inc. for the year ended September 30, 1995 is
set forth in the Prospectus, which is incorporated herein by
reference.
It is impracticable to file the pro forma financial information
required by Item 7(b) at this time for the period ended March 31,
1996, because that information is not yet available. The Registrant
will file that information as soon as is practicable but not later
than 60 days following June 28, 1996.
(c) Exhibits
99 Press Release dated June 17, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
TRIATHLON BROADCASTING, INC.
By: /s/ Kevin H. Rich
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Name: Kevin H. Rich
Title: Chief Financial Officer
Date: June 20, 1996
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[LETTERHEAD]
FOR IMMEDIATE RELEASE
FROM: Triathlon Broadcasting Company CONTACT:
Symphony Towers The Sillerman Companies
Suite 1920 150 East 58th Street
750 B Street New York, NY 10155
San Diego, CA 92101 212-407-9126
Attn: Cynthia A. Bond
TRIATHLON BROADCASTING CREATES LINCOLN QUADROPOLY
SAN DIEGO, June 17, 1996 -- Triathlon Broadcasting Company (NASDAQ Small Cap:
TBCOA) today announced that it has closed on the acquisition of radio stations
KIBZ(FM), KKNB(FM) and KHAT-AM which serve the Lincoln, Nebraska market for
$3.225 million. The properties were acquired from Rock Steady, Inc. based in
Lincoln. In addition to these three radio stations, Triathlon owns and operates
two other Lincoln stations, KTGL(FM) and KZKX(FM).
Norman Feuer, President and Chief Executive Officer of the Company, said, "With
the addition of these two FM stations we will now reach 35.5 per cent of the
radio audience in Lincoln and will be able to offer advertisers an excellent
range of target audiences. Both of these new stations are excellent properties
with good upside potential regarding ratings and revenues."
The Sillerman Companies represented the buyer in this transaction.
Upon completion of all pending acquisitions, the Company, which is headquartered
in San Diego, will own, operate, or provide services to thirty-six radio
stations in seven markets:
KXLK(FM) Wichita, KS KEYF-AM Spokane, WA**
KRBB(FM) Wichita, KS KUDY-AM Spokane, WA**
KFH-AM Wichita, KS KAQQ-AM Spokane, WA
KQAM-AM Wichita, KS KCDA(FM) Spokane, WA***
KEYN(FM) Wichita, KS* KNJY(FM) Spokane, WA***
KZSN(FM) Wichita, KS KKZX(FM) Spokane, WA**
KZSN-AM Wichita, KS KISC(FM) Spokane, WA
KIBZ(FM) Lincoln, NE* KNFR(FM) Spokane, WA
KKNB(FM) Lincoln, NE* KEYF(FM) Spokane, WA**
KHAT-AM Lincoln, NE KEGX(FM) Tri-Cities, WA
-more-
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KZKX(FM) Lincoln, NE KNLT(FM) Tri-Cities, WA****
KTGL(FM) Lincoln, NE KIOK(FM) Tri-Cities, WA
KRRK(FM) Omaha, NE KTCR-AM Tri-Cities, WA
KXKT(FM) Omaha, NE KUJ-AM Tri-Cities, WA****
KSPZ(FM) Colorado Springs, CO** KALE-AM Tri-Cities, WA
KVUU(FM) Colorado Springs, CO** KOLL(FM) Little Rock, AR
KVOR-AM Colorado Springs, CO** KSSN(FM) Little Rock, AR
KTWK-AM Colorado Springs, CO** KMVK(FM) Little Rock, AR
* Joint Sales Agreement with a contract to acquire
** Local Marketing Agreement with a contract to acquire
*** Will provide services under a joint sales agreement
**** Will provide services under a local marketing agreement
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