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): December 18, 1998 TIME WARNER ENTERTAINMENT COMPANY, L.P. --------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-12878 13-3666692 -------- ------- ---------- (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) American Television and Communications Corporation Delaware 13-2922502 Warner Communications Inc. Delaware 13-2696809 (Exact name of registrant (State or other (I.R.S. Employer as specified in its Charter) jurisdiction of Identification No.) incorporation or organization) 75 Rockefeller Plaza,New York, NY 10019 --------------------------------------- (Address of principal executive offices) (zip code) (212) 484-8000 ----------------------------------- (Registrant's telephone number, including area code) Not Applicable --------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. Reference is made to the litigation entitled SIX FLAGS OVER GEORGIA, INC., ET AL. V. SIX FLAGS FUND, LTD., ET AL. commenced in Superior Court in Gwinnett County, Georgia in connection with the management of the Six Flags Over Georgia Theme Park described on pages I-28 and I-29 of the Annual Report on Form 10-K for the year ended December 31, 1997 of Time Warner Entertainment Company, L.P. ("TWE") and on page 44 of TWE's Quarterly Report on Form 10-Q for the quarter ended September 30, 1998. On December 18, 1998, the jury awarded plaintiffs $197 million in compensatory damages and on December 21, 1998, the jury awarded plaintiffs $257 million in punitive damages. A portion of the amounts awarded are the responsibility of entities other than TWE and its subsidiaries. TWE intends to appeal these verdicts. 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, thereunto duly authorized, in the City of New York, State of New York, on December 31, 1998. TIME WARNER ENTERTAINMENT COMPANY, L.P. By: WARNER COMMUNICATIONS INC. As General Partner By: /s/Thomas W. McEnerney ---------------------- Name: Thomas W. McEnerney Title: Vice President AMERICAN TELEVISION AND COMMUNICATIONS CORPORATION WARNER COMMUNICATIONS INC. By: /s/Thomas W. McEnerney ---------------------- Name: Thomas W. McEnerney Title: Vice President