-----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, Awa+1kW4Qaj9dIw52tLiiekg4NxK7jiSbi5YFzPFDjCbMZYOrL88RiFgIHrbCLzV zfs7ukcHV0eZhMwWthPRgg== 0001047469-98-000362.txt : 19980108 0001047469-98-000362.hdr.sgml : 19980108 ACCESSION NUMBER: 0001047469-98-000362 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980106 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980107 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHILDRENS BROADCASTING CORP CENTRAL INDEX KEY: 0000882160 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 411663712 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21534 FILM NUMBER: 98502255 BUSINESS ADDRESS: STREET 1: 724 1ST ST N STREET 2: 4TH FLOOR CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123383300 MAIL ADDRESS: STREET 1: 724 FIRST STREET NORTH STREET 2: FOURTH FLOOR CITY: MINNEAPOLIS STATE: MN ZIP: 55401 8-K 1 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 EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 6, 1998 CHILDREN'S BROADCASTING CORPORATION (Exact name of registrant as specified in its charter) MINNESOTA 0-21534 41-1663712 --------- ------- ---------- (State or other jurisdiction (Commission File No.) (IRS Employer ID No.) of incorporation) 724 FIRST STREET NORTH, MINNEAPOLIS, MINNESOTA 55401 (Address of principal executive offices) (612) 338-3300 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS. (a) Reference is made to the Press Release issued to the public by the Registrant on January 7, 1998, and attached hereto as an exhibit, relating to the Company's shareholders approving the sale of all of the Company's owned and operated radio stations to Global Broadcasting Company, Inc. for $72.5 million in cash (subject to adjustment). ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits 99 Press Release dated January 7, 1998. SIGNATURE 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. Dated: January 7, 1998 CHILDREN'S BROADCASTING CORPORATION BY: /s/ James G. Gilbertson ----------------------------------- James G. Gilbertson Chief Operating Officer, Chief Financial Officer and Treasurer EX-99 2 EXHIBIT 99 EXHIBIT 99 CHILDREN'S BROADCASTING RECEIVES SHAREHOLDER APPROVAL FOR SALE OF RADIO STATIONS TO GLOBAL BROADCASTING FOR $72.5 MILLION MINNEAPOLIS, MN, JAN. 7 -- Children's Broadcasting Corporation (CBC, Nasdaq National Market: AAHS) announced today that, at its Special Meeting of Shareholders held yesterday, CBC shareholders voted to approve the sale of all of the Company's owned and operated radio stations to Global Broadcasting for approximately $72.5 million in cash. Christopher T. Dahl, Chairman and CEO of CBC, said that, "All requirements have now been met and we look forward to closing the sale of the stations later this month." -----END PRIVACY-ENHANCED MESSAGE-----