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):
May 3, 1996
Osborn Communications Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-16841 06-1142367
(Commission File Number) (IRS Employer Identification No.)
130 Mason Street, Greenwich, Connecticut 06830
(Address of principal executive office) (Zip Code)
Registrant's telephone number including area code: (203) 629-0905
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
On May 3, 1996, the Registrant acquired
substantially all the assets of radio stations KNAX-FM/KRBT-
FM, Fresno, California from EBE Broadcasting, L.P.
Consideration for the acquisition consisted of $6.0 million
plus 120,000 shares of the Registrant's common stock. In
addition, the seller received an option to purchase shares
of the Registrant's common stock at $8.00 per share
contingent upon future increases in operating cash flow by
KNAX-FM/KRBT-FM. The cash portion of the consideration was
funded through borrowings under the Registrant's senior debt
facility. Pending the closing of the acquisition, the
stations were managed by the Registrant since January 1996
pursuant to a local marketing agreement.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
It is impracticable at this time to file the required
financial statements. The required financial statements
will be filed as soon as possible, but not later than July
17, 1996.
(b) Pro forma financial information.
It is impracticable at this time to file the required
pro forma financial information. The required pro forma
financial information will be filed as soon as possible, but
not later than July 17, 1996.
(c) Exhibits.
The Asset Purchase Agreement, dated December 31, 1995,
between EBE Broadcasting, L.P. and Breadbasket Broadcasting
Corporation, previously filed as Exhibit 10(pp)(i) to the
Registrant's Annual Report on Form 10-K for the year ended
December 31, 1995 is incorporated herein by reference.
The Asset Purchase Agreement, dated December 31, 1995,
between EBE Communications Limited Partnership and
Breadbasket Broadcasting Corporation, previously filed as
Exhibit 10(pp)(ii) to the Registrant's Annual Report on Form
10-K for the year ended December 31, 1995 is incorporated
herein by reference.
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.
OSBORN COMMUNICATIONS CORPORATION
(Registrant)
Date: May 10, 1996 /s/ Thomas S. Douglas
(Signature)
Thomas S. Douglas
Senior Vice President and
Treasurer