-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KonOfFOM43nhVHeGalN3jQmZby/i8MJNCAIuVfEKj4xWciN3AI8r0plIurAUQ6aS 6Q5cKYM1PPbpHi6OTh51GA== 0000912057-97-001648.txt : 19970127 0000912057-97-001648.hdr.sgml : 19970127 ACCESSION NUMBER: 0000912057-97-001648 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19970109 ITEM INFORMATION: Other events ITEM INFORMATION: Change in fiscal year FILED AS OF DATE: 19970124 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: JACOR COMMUNICATIONS INC CENTRAL INDEX KEY: 0000702808 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 310978313 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12404 FILM NUMBER: 97510167 BUSINESS ADDRESS: STREET 1: 1300 PNC CENTER STREET 2: 201 E FIFTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5136211300 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report: January 9, 1997 JACOR COMMUNICATIONS, INC. DELAWARE (State or Other Jurisdiction of Incorporation) 0-12404 31-0978313 (Commission File No.) (IRS Employer Identification No.) 50 East RiverCenter Boulevard 12th Floor Covington, KY 41011 (606) 655-2276 Item 5. Other Events In January 1997, in addition to its previously announced acquisitions and exchanges, Jacor Communications, Inc. (the "Company"), through its subsidiaries, entered into (i) a binding purchase agreement with James E. Champlin and various affiliates of Mr. Champlin pursuant to which the Company will purchase the assets of WLKT-FM, Lexington, Kentucky, WLRS-FM, Louisville, Kentucky and WMCC-FM and WLOC-AM, Munfordville, Kentucky for an aggregate purchase price of $10.5 million, (ii) a binding purchase agreement with Lima Broadcasting Co. pursuant to which the Company will purchase the assets of WIMA-AM and WIMT-FM, Lima, Ohio, WBUK-FM, Fort Shawnee, Ohio and the construction permit for WLVZ-FM, St. Marys, Ohio for an aggregate purchase price of $6.5 million and (iii) a binding purchase agreement with The Great Lakes Talking Wireless Machine, LLC pursuant to which the Company will purchase the assets of WNVE-FM, South Bristol, New York for an aggregate purchase price of $5.5 million. Each of these transactions is subject to various conditions, including regulatory approval. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press Release dated January 9, 1997. 99.2 Press Release dated January 14, 1997. 99.3 Press Release dated January 15, 1997. 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. JACOR COMMUNICATIONS, INC. Dated: January 24, 1997 By: /s/R. Christopher Weber ------------------------------------- R. Christopher Weber, Senior Vice President and Chief Financial Officer 2 EX-99.1 2 EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACT: KIRK BREWER 847.256.9282 JACOR ANNOUNCES TRANSACTION TO PURCHASE ASSETS OF FOUR KENTUCKY STATIONS CINCINNATI, JANUARY 9, 1997 -- Jacor Communications, Inc. (NASDAQ: JCOR) said today it has entered into an agreement to purchase the assets of four radio stations in Kentucky from entities controlled by Jim Champlin. The stations are WLKT-FM, Lexington, Ky.; WLRS-FM, Louisville, Ky.; and WMCC-FM and WLOC-AM, Munfordville, Ky. The transaction is subject to regulatory approval. Randy Michaels, Jacor chief executive officer, said, "These stations fit very will with our regional broadcast strategy." Broker for the seller was Richard A. Foreman Associates. Jacor Communications is headquartered in Covington, Ky. Including announced pending acquisitions, Jacor owns, operates, represents or provides programming for 118 radio stations in 26 U.S. broadcast areas. The company also owns WKRC-TV in Cincinnati. Jacor plans to pursue growth through continued acquisitions of complementary stations in its existing broadcast locations, and radio groups or individual stations with significant presence in other attractive locations. # # # EX-99.2 3 EXHIBIT 99.2 EXHIBIT 99.2 CONTACT: KIRK BREWER 847.256.9282 JACOR EXERCISES OPTION TO PURCHASE WNVE-FM, ROCHESTER CINCINNATI, JANUARY 14, 1996 -- Jacor Communications, Inc. (NASDAQ: JCOR) said today that it has exercised its previously announced option to purchase WNVE-FM, Rochester, from The Great Lakes Wireless Talking Machine Limited Liability Company. Jacor has entered into a definitive agreement to purchase the station. The option to purchase "The Nerve" was transferred to Jacor by American Radio Systems, inc., as part of an exchange of assets involving four other radio stations in December 1996. The transaction is subject to regulatory approval. Jacor Communications is headquartered in Covington, KY. Including announced pending acquisitions, Jacor owns, operates, represents or provides programming for 118 radio stations in 27 U.S. broadcast areas. The company also owns WKRC-TV in Cincinnati. Jacor plans to pursue growth through continued acquisitions of complementary stations within its existing broadcast locations, and radio groups or individual stations with significant presence in other attractive locations. # # # EX-99.3 4 EXHIBIT 99.3 EXHIBIT 99.3 FOR IMMEDIATE RELEASE CONTACT: KIRK BREWER 847.256.9282 JACOR ANNOUNCES TRANSACTION TO PURCHASE ASSETS OF FOUR OHIO STATIONS CINCINNATI, JAN. 15 -- Jacor Communications, Inc. (NASDAQ: JCOR) said today that it has entered into an agreement to purchase the assets of WIMA-AM and WIMT-FM, Lima, Ohio, WBUK-FM, Fort Shawnee, Ohio, and WLVZ-FM, St. Marys, Ohio, from Lima Broadcasting. The transaction is subject to regulatory approval. Randy Michaels, Jacor chief executive officer, and, "These stations fit very well with our regional broadcast strategy." Jacor Communications is headquartered in Cincinnati. Including announced pending acquisitions, Jacor owns, operates, represents or provides programming for 122 radio stations in 26 U.S. broadcast areas. The company also owns WKRC-TV in Cincinnati. Jacor plans to pursue growth through continued acquisitions of complementary stations within its existing broadcast locations, and radio groups or individual stations with significant presence in other attractive locations. # # # -----END PRIVACY-ENHANCED MESSAGE-----