SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): November 1, 1996
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Individual, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-27734 04-3036959
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8 New England Executive Park W.
Burlington, Massachusetts 01803
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's telephone number, including area code: (617) 273-6000
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ITEM 5. OTHER EVENTS.
On November 1, 1996, Individual, Inc. ("Individual") entered into an
Asset Purchase Agreement with Cahners Publishing Company, a division of Reed
Elsevier Inc. ("Cahners"), pursuant to which Individual sold to Cahners (the
"Sale") substantially all of the assets of Individual's BookWire division
("BookWire"), including the BookWire/TM/ World Wide Web site, and Cahners
assumed certain liabilities associated with BookWire. Cahners paid Individual
approximately $1 million in cash for BookWire.
For additional information concerning Individual's sale of BookWire, see
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the press release of Individual dated November 18, 1996, a copy of which is
attached to this Form 8-K as Exhibit 99.1 and incorporated herein by reference.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
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Exhibit No. Description
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99.1 Press Release of Individual dated November 18, 1996
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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.
Individual, Inc.
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(Registrant)
Date: November 25, 1996 /s/ Robert L. Lentz
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Robert L. Lentz
Vice President, Finance and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of Individual dated November 18, 1996