FORM 10-K/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File No. 0-12404
JACOR COMMUNICATIONS, INC.
A Delaware Corporation Employer Identification No. 31-0978313
50 East RiverCenter Blvd., 12th Floor Telephone (606) 655-2267
Covington, Kentucky 41011
See "Table of Additional Registrants" on the following page.
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value
Common Stock Purchase Warrants expiring September 18, 2001
Common Stock Purchase Warrants expiring February 27, 2002
Other securities for which reports are submitted pursuant to Section 15(d)
of the Act:
9 3/4% Senior Subordinated Notes due 2006 ("9 3/4% Notes")
10 1/8% Senior Subordinated Notes due 2006 ("10 1/8% Notes")
Liquid Yield Option Notes due 2011
Subsidiary Guarantees of 9 3/4% Notes and 10 1/8% Notes
Indicate by check mark whether the Registrant, Jacor Communications, Inc.,
(1) has filed all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding twelve months (or
for such shorter period that the Registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past
ninety days. Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. _____
The aggregate market value of the voting stock held by nonaffiliates of
Registrant as of February 28, 1997 was $632,466,454.
The number of common shares outstanding as of February 28, 1997 was
34,834,780.
There are 101 pages in this document.
The index of exhibits appears on page 74.
Documents incorporated by Reference:
Portions of Registrant's definitive Proxy Statement to be filed during
April 1997 in connection with the Annual Meeting of Shareholders presently
scheduled to be held on May 28, 1997 are incorporated by reference into
Part III of this Form 10-K.
Table of Additional Registrants
State of I.R.S.Employer 1933 Act or 1934 Act
Name of Registrant Incorporation Identification No. Commission File No.
Jacor Communications Company
(formerly known as Citicasters
Inc.) Florida 59-2054850 1-8283
Broadcast Finance, Inc. Ohio 31-1390698 333-16469-33
Cine Films, Inc. California 95-2945526 333-16469-47
Cine Guarantors, Inc. California 95-2677644 333-16469-28
Cine Guarantors II, Inc. California 95-2960196 333-16469-30
Cine Guarantors II, Ltd. Canada Not Applicable 333-16469-39
Cine Mobile Systems Int'l. N.V. Antille Not Applicable 333-16469-41
Cine Movil S.A. de C.V. Mexico Not Applicable 333-16469-40
Citicasters Co. Ohio 31-1081002 333-16469-25
F.M.I. Pennsylvania, Inc. Pennsylvania 59-1648738 333-16469-03
GACC-N26LB, Inc. Delaware 31-1231527 333-16469-26
GACC-340, Inc. Delaware 31-1251968 333-16469-27
Georgia Network Equipment, Inc. Georgia 31-0317907 333-16469-08
Great American Merchandising Group,
Inc. New York 13-2658721 333-16469-31
Great American Television
Productions, Inc. California 31-1019819 333-16469-29
Inmobiliaria Radial, S.A. de C.V. Mexico Not Applicable 333-16469-42
Jacor Broadcasting Corporation Ohio 31-1363232 333-16469-38
Jacor Broadcasting of Atlanta, Inc. Georgia 31-1133504 333-16469-35
Jacor Broadcasting of Colorado, Inc. Colorado 31-1212116 333-16469-36
Jacor Broadcasting of Florida, Inc. Florida 31-1102108 333-16469-34
Jacor Broadcasting of Idaho, Inc. Delaware 31-1492541 333-16469-12
Jacor Broadcasting of Iowa, Inc. Delaware 31-1492540 333-16469-13
Jacor Broadcasting of Knoxville,Inc. Delaware 31-1125479 333-16469-05
Jacor Broadcasting of Lexington, Inc. Kentucky 31-1466604 333-16469-37
Jacor Broadcasting of San Diego, Inc. Delaware 31-1440011 333-16469-09
Jacor Broadcasting of Sarasota, Inc. Florida 31-1468564 333-16469-11
Jacor Broadcasting of St. Louis, Inc. Missouri 43-1735433 333-16469-10
Jacor Broadcasting of Tampa Bay, Inc. Florida 31-1234979 333-16469-06
Jacor Cable, Inc. Kentucky 31-1273897 333-16469-07
Location Productions, Inc. California 95-2556702 333-16469-46
Location Productions II, Inc. California 95-2945537 333-16469-45
Noble Broadcast Center, Inc. California 33-0189045 333-16469-24
Noble Broadcast Group, Inc. Delaware 33-0215206 333-16469-14
Noble Broadcast Holdings, Inc. Delaware 33-0492627 333-16469-21
Noble Broadcast Licenses, Inc. California 34-1794221 333-16469-20
Noble Broadcast of Colorado, Inc. California 33-0250362 333-16469-15
Noble Broadcast of San Diego, Inc. California 95-3230874 333-16469-16
Noble Broadcast of St. Louis, Inc. Delaware 33-0294761 333-16469-17
Noble Broadcast of Toledo, Inc. California 30-0200806 333-16469-18
Nobro, S.C. Mexico Not Applicable 333-16469-43
Nova Marketing Group, Inc. California 33-0578898 333-16469-19
Sports Radio Broadcasting, Inc. California 33-0525378 333-16469-22
Sports Radio, Inc. California 95-4350343 333-16469-23
Taft-TCI Satellite Services, Inc. Colorado 84-0863016 333-16469-32
The Sy Fischer Company Agency, Inc. California 95-2792659 333-16469-04
VTTV Productions California 31-0924795 333-16469-44
WHOK, Inc. Ohio 34-1092716 333-16469-02
50 East RiverCenter Boulevard, 12th Floor
Covington, Kentucky 41011
Telephone Number (606) 655-2267
1-A
JACOR COMMUNICATIONS, INC. AND SUBSIDIARIES
_________________
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, each of Jacor Communications, Inc. and the
Subsidiaries has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date April 15, 1997 By R. Christopher Weber
R. Christopher Weber,
Senior Vice President, Chief
Financial Officer and Assistant
Secretary of Jacor Communications,
Inc.; Senior Vice
President of the Subsidiaries set
forth on Schedule A; Chief
Financial Officer and Secretary of
the Subsidiary set forth
on Schedule B; Assistant Secretary
of the Subsidiaries set
forth on Schedule C; Treasurer of
the Subsidiaries set forth
on Schedule D; and Director of the
Subsidiaries set forth
on Schedule E
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of each of
Jacor Communications, Inc. and the Subsidiaries on the dates indicated and
in the capacities indicated herein and on the Schedules attached hereto.
Date April 15, 1997 Randy Michaels
Randy Michaels,
Chief Executive Officer (Principal
Executive Officer) and
Director of Jacor Communications,
Inc.; President (Principal
Executive Officer) of the
Subsidiaries set forth on Schedule
F; Co-Chief Operating Officer of the
Subsidiary set forth
on Schedule B; and Director of the
Subsidiaries set forth
on Schedule G
Date April 15, 1997 Robert L. Lawrence
Robert L. Lawrence,
President and Director of Jacor
Communications, Inc.
Date April 15, 1997 Sheli Z. Rosenberg
Sheli Z. Rosenberg,
Board Chair and Director of Jacor
Communications, Inc.
Date April 15, 1997 John W. Alexander
John W. Alexander,
Director of Jacor Communications,
Inc.
Date April 15, 1997 Peter C.B. Bynoe
Peter C.B. Bynoe,
Director of Jacor Communications,
Inc.
JACOR COMMUNICATIONS, INC. AND SUBSIDIARIES
_________________
SIGNATURES, Continued
Date April 15, 1997 Rod F. Dammeyer
Rod F. Dammeyer,
Director of Jacor Communications,
Inc.
Date April 15, 1997 F. Philip Handy
F. Philip Handy,
Director of Jacor Communications,
Inc.
Date April 15, 1997 Marc Lasry
Marc Lasry,
Director of Jacor Communications,
Inc.
Date April 15, 1997 Maggie Wilderotter
Maggie Wilderotter,
Director of Jacor Communications,
Inc.
Date April 15, 1997 R. Christopher Weber
R. Christopher Weber,
Senior Vice President, Chief
Financial Officer (Principal
Financial and Accounting Officer)
and Assistant Secretary
of Jacor Communications, Inc.;
Senior Vice President of
the Subsidiaries set forth on
Schedule A; Chief Financial Officer
(Principal Financial and Accounting
Officer) and
Secretary of the Subsidiary set
forth on Schedule B;
Assistant Secretary of the
Subsidiaries set forth on Schedule
C; Treasurer (Principal Financial
and Accounting Officer)
of the Subsidiaries set forth on
Schedule D; and Director
of the Subsidiaries set forth on
Schedule E
Date April 15, 1997 Jon M. Berry
Jon M. Berry,
Senior Vice President and Treasurer
of Jacor
Communications, Inc.; Senior Vice
President and Treasurer
(Principal Financial and Accounting
Officer) of the
Subsidiaries set forth on Schedule
A; Assistant Secretary
of the Subsidiary set forth on
Schedule B; Secretary of the
Subsidiaries set forth on Schedule
H; and Director of the
Subsidiaries set forth on Schedule I
SCHEDULE A
Jacor Communications Company (formerly known as Citicasters
Inc.)
Broadcast Finance, Inc.
Cine Films, Inc.
Cine Guarantors, Inc.
Cine Guarantors II, Inc.
Cine Guarantors II, Ltd.
Cine Mobile Systems Int'l. N.V.
Cine Movil S.A. de C.V.
Citicasters Co.
F.M.I. Pennsylvania, Inc.
GACC-N26LB, Inc.
GACC-340, Inc.
Georgia Network Equipment, Inc.
Great American Merchandising Group, Inc.
Great American Television Productions, Inc.
Jacor Broadcasting Corporation
Jacor Broadcasting of Atlanta, Inc.
Jacor Broadcasting of Colorado, Inc.
Jacor Broadcasting of Florida, Inc.
Jacor Broadcasting of Idaho, Inc.
Jacor Broadcasting of Iowa, Inc.
Jacor Broadcasting of Knoxville, Inc.
Jacor Broadcasting of Lexington, Inc.
Jacor Broadcasting of San Diego, Inc.
Jacor Broadcasting of Sarasota, Inc.
Jacor Broadcasting of St. Louis, Inc.
Jacor Broadcasting of Tampa Bay, Inc.
Jacor Cable, Inc.
Location Productions, Inc.
Location Productions II, Inc.
Noble Broadcast Center, Inc.
Noble Broadcast Group, Inc.
Noble Broadcast Holdings, Inc.
Noble Broadcast Licenses, Inc.
Noble Broadcast of Colorado, Inc.
Noble Broadcast of San Diego, Inc.
Noble Broadcast of St. Louis, Inc.
Noble Broadcast of Toledo, Inc.
Nova Marketing Group, Inc.
Sports Radio Broadcasting, Inc.
Sports Radio, Inc.
Taft-TCI Satellite Services, Inc.
The Sy Fischer Company Agency, Inc.
VTTV Productions
WHOK, Inc.
SCHEDULE B
Jacor Communications Company (formerly known as Citicasters
Inc.)
SCHEDULE C
Broadcast Finance, Inc.
Cine Films, Inc.
Cine Guarantors, Inc.
Cine Guarantors II, Inc.
Cine Guarantors II, Ltd.
Cine Mobile Systems Int'l. N.V.
Cine Movil S.A. de C.V.
Citicasters Co.
F.M.I. Pennsylvania, Inc.
GACC-N26LB, Inc.
GACC-340, Inc.
Georgia Network Equipment, Inc.
Great American Merchandising Group, Inc.
Great American Television Productions, Inc.
Jacor Broadcasting Corporation
Jacor Broadcasting of Atlanta, Inc.
Jacor Broadcasting of Colorado, Inc.
Jacor Broadcasting of Florida, Inc.
Jacor Broadcasting of Idaho, Inc.
Jacor Broadcasting of Iowa, Inc.
Jacor Broadcasting of Knoxville, Inc.
Jacor Broadcasting of Lexington, Inc.
Jacor Broadcasting of San Diego, Inc.
Jacor Broadcasting of Sarasota, Inc.
Jacor Broadcasting of St. Louis, Inc.
Jacor Broadcasting of Tampa Bay, Inc.
Jacor Cable, Inc.
Location Productions, Inc.
Location Productions II, Inc.
Noble Broadcast Center, Inc.
Noble Broadcast Group, Inc.
Noble Broadcast Holdings, Inc.
Noble Broadcast Licenses, Inc.
Noble Broadcast of Colorado, Inc.
Noble Broadcast of San Diego, Inc.
Noble Broadcast of St. Louis, Inc.
Noble Broadcast of Toledo, Inc.
Nova Marketing Group, Inc.
Sports Radio Broadcasting, Inc.
Sports Radio, Inc.
Taft-TCI Satellite Services, Inc.
The Sy Fischer Company Agency, Inc.
VTTV Productions
WHOK, Inc.
SCHEDULE D
Inmobiliaria Radial, S.A. de C.V.
Nobro, S.C.
SCHEDULE E
Jacor Communications Company (formerly known as Citicasters
Inc.)
Broadcast Finance, Inc.
Citicasters Co.
Inmobiliaria Radial, S.A. de C.V.
Jacor Broadcasting Corporation
Jacor Broadcasting of Iowa, Inc.
Jacor Broadcasting of San Diego, Inc.
Jacor Broadcasting of Sarasota, Inc.
Jacor Broadcasting of St. Louis, Inc.
Nobro, S.C.
WHOK, Inc.
SCHEDULE F
Jacor Communications Company (formerly known as Citicasters
Inc.)
Broadcast Finance, Inc.
Cine Films, Inc.
Cine Guarantors, Inc.
Cine Guarantors II, Inc.
Cine Guarantors II, Ltd.
Cine Mobile Systems Int'l. N.V.
Cine Movil S.A. de C.V.
Citicasters Co.
F.M.I. Pennsylvania, Inc.
GACC-N26LB, Inc.
GACC-340, Inc.
Georgia Network Equipment, Inc.
Great American Merchandising Group, Inc.
Great American Television Productions, Inc.
Inmobiliaria Radial, S.A. de C.V.
Jacor Broadcasting Corporation
Jacor Broadcasting of Atlanta, Inc.
Jacor Broadcasting of Colorado, Inc.
Jacor Broadcasting of Florida, Inc.
Jacor Broadcasting of Idaho, Inc.
Jacor Broadcasting of Iowa, Inc.
Jacor Broadcasting of Knoxville, Inc.
Jacor Broadcasting of Lexington, Inc.
Jacor Broadcasting of San Diego, Inc.
Jacor Broadcasting of Sarasota, Inc.
Jacor Broadcasting of St. Louis, Inc.
Jacor Broadcasting of Tampa Bay, Inc.
Jacor Cable, Inc.
Location Productions, Inc.
Location Productions II, Inc.
Noble Broadcast Center, Inc.
Noble Broadcast Group, Inc.
Noble Broadcast Holdings, Inc.
Noble Broadcast Licenses, Inc.
Noble Broadcast of Colorado, Inc.
Noble Broadcast of San Diego, Inc.
Noble Broadcast of St. Louis, Inc.
Noble Broadcast of Toledo, Inc.
Nobro, S.C.
Nova Marketing Group, Inc.
Sports Radio Broadcasting, Inc.
Sports Radio, Inc.
Taft-TCI Satellite Services, Inc.
The Sy Fischer Company Agency, Inc.
VTTV Productions
WHOK, Inc.
SCHEDULE G
Inmobiliaria Radial, S.A. de C.V.
Jacor Broadcasting of Florida, Inc.
Nobro, S.C.
SCHEDULE H
Broadcast Finance, Inc.
Cine Films, Inc.
Cine Guarantors, Inc.
Cine Guarantors II, Inc.
Cine Guarantors II, Ltd.
Cine Mobile Systems Int'l. N.V.
Cine Movil S.A. de C.V.
Citicasters Co.
F.M.I. Pennsylvania, Inc.
GACC-N26LB, Inc.
GACC-340, Inc.
Georgia Network Equipment, Inc.
Great American Merchandising Group, Inc.
Great American Television Productions, Inc.
Inmobiliaria Radial, S.A. de C.V.
Jacor Broadcasting Corporation
Jacor Broadcasting of Atlanta, Inc.
Jacor Broadcasting of Colorado, Inc.
Jacor Broadcasting of Florida, Inc.
Jacor Broadcasting of Idaho, Inc.
Jacor Broadcasting of Iowa, Inc.
Jacor Broadcasting of Knoxville, Inc.
Jacor Broadcasting of Lexington, Inc.
Jacor Broadcasting of San Diego, Inc.
Jacor Broadcasting of Sarasota, Inc.
Jacor Broadcasting of St. Louis, Inc.
Jacor Broadcasting of Tampa Bay, Inc.
Jacor Cable, Inc.
Location Productions, Inc.
Location Productions II, Inc.
Noble Broadcast Center, Inc.
Noble Broadcast Group, Inc.
Noble Broadcast Holdings, Inc.
Noble Broadcast Licenses, Inc.
Noble Broadcast of Colorado, Inc.
Noble Broadcast of San Diego, Inc.
Noble Broadcast of St. Louis, Inc.
Noble Broadcast of Toledo, Inc.
Nobro, S.C.
Nova Marketing Group, Inc.
Sports Radio Broadcasting, Inc.
Sports Radio, Inc.
Taft-TCI Satellite Services, Inc.
The Sy Fischer Company Agency, Inc.
VTTV Productions
WHOK, Inc.
SCHEDULE I
Jacor Communications Company (formerly known as Citicasters
Inc.)
Broadcast Finance, Inc.
Cine Films, Inc.
Cine Guarantors, Inc.
Cine Guarantors II, Inc.
Cine Guarantors II, Ltd.
Cine Mobile Systems Int'l. N.V.
Cine Movil S.A. de C.V.
Citicasters Co.
F.M.I. Pennsylvania, Inc.
GACC-N26LB, Inc.
GACC-340, Inc.
Georgia Network Equipment, Inc.
Great American Merchandising Group, Inc.
Great American Television Productions, Inc.
Inmobiliaria Radial, S.A. de C.V.
Jacor Broadcasting Corporation
Jacor Broadcasting of Atlanta, Inc.
Jacor Broadcasting of Colorado, Inc.
Jacor Broadcasting of Florida, Inc.
Jacor Broadcasting of Idaho, Inc.
Jacor Broadcasting of Knoxville, Inc.
Jacor Broadcasting of Lexington, Inc.
Jacor Broadcasting of San Diego, Inc.
Jacor Broadcasting of St. Louis, Inc.
Jacor Broadcasting of Tampa Bay, Inc.
Jacor Cable, Inc.
Location Productions, Inc.
Location Productions II, Inc.
Noble Broadcast Center, Inc.
Noble Broadcast Group, Inc.
Noble Broadcast Holdings, Inc.
Noble Broadcast Licenses, Inc.
Noble Broadcast of Colorado, Inc.
Noble Broadcast of San Diego, Inc.
Noble Broadcast of St. Louis, Inc.
Noble Broadcast of Toledo, Inc.
Nobro, S.C.
Nova Marketing Group, Inc.
Sports Radio Broadcasting, Inc.
Sports Radio, Inc.
Taft-TCI Satellite Services, Inc.
The Sy Fischer Company Agency, Inc.
VTTV Productions
WHOK, Inc.