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): September 13, 1996
JONES CABLE INCOME FUND 1-B, LTD.
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(Exact name of registrant as specified in its charter)
Colorado 0-14906 84-1010417
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(State of Organization) (Commission File No.) (IRS Employer
Identification No.)
P.O. Box 3309, Englewood, Colorado 80155-3309 (303) 792-3111
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(Address of principal executive office and Zip Code) (Registrant's
telephone no.
including area code)
Item 5. Other Events
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On September 13, 1996, Jones Cable Income Fund 1-B/C Venture, a Colorado
general partnership (the "Venture"), entered into an Asset Purchase Agreement
providing for the sale by the Venture to Tele-Vue Systems, Inc., an affiliate of
Tele-Communications, Inc., of substantially all of the assets, property and
business of the Venture relating to the cable television systems serving
subscribers in the cities of Broomfield and Brighton, Colorado, the town of
Lochbuie, Colorado and Adams, Boulder and Weld Counties, Colorado (the
"Systems") for a sales price of $35,000,000, subject to customary closing
adjustments. A requisite condition to the closing of this transaction is that
the sale of the Systems occur on or prior to January 27, 1997. There can be no
assurance that all closing conditions will be met by that date because closing
of the sale is subject to the receipt of the consent of the governmental
franchising authorities and other regulatory authorities having jurisdiction.
Jones Cable Income Fund 1-B, Ltd. and Jones Cable Income Fund 1-C, Ltd., both
Colorado limited partnerships, are the partners in the Venture, owning a 40
percent and a 60 percent interest, respectively. The Systems currently serve
approximately 18,500 basic subscribers.
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Item 7. Financial Statements and Exhibits
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c. Exhibits.
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2.1 Asset Purchase Agreement dated September 13, 1996 between Jones
Cable Income Fund 1-B/C Venture and Tele-Vue Systems, Inc.
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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.
JONES CABLE INCOME
FUND 1-B, LTD.
By Jones Intercable, Inc.,
General Partner
Dated: September 26, 1996 By: /s/ ELIZABETH M. STEELE
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Elizabeth M. Steele
Vice President and Secretary
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