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): April 8, 1998
IDS/JONES GROWTH PARTNERS 89-B, LTD.
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(Exact name of registrant as specified in its charter)
Colorado 0-17734 84-1060546
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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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IDS/Jones Growth Partners 89-B, Ltd., a Colorado limited partnership
(the "Partnership") and IDS/Jones Growth Partners II, L.P., an affiliated
Colorado limited partnership ("Growth Partners II"), are general partners of
IDS/Jones Joint Venture Partners, a Colorado general partnership (the
"Venture"). Jones Cable Corporation, a wholly owned subsidiary of Jones
Intercable, Inc. ("Intercable"), is the managing general partner of the
Partnership and Growth Partners II.
On April 8, 1998, Jones Cable Corporation, on behalf of the
Partnership and Growth Partners II, as general partners of the Venture, executed
a letter of intent pursuant to which the Venture agreed to sell the Venture's
cable television properties located in and around Aurora, Illinois (the "Aurora
System") to TCI Communications, Inc. or one of its affiliates. The closing of
this transaction, which is expected to occur in the first quarter of 1999, is
subject to the consents of governmental authorities and third parties with whom
the Venture has contracted that are necessary for the transfer of the Aurora
System, and termination or expiration of the statutory waiting period applicable
to the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended. Because the sale of the Aurora System will represent a sale
of all or substantially all of the Partnership's assets, a vote of the limited
partners of the Partnership will be required to approve this sale.
In addition to the proposed sale of the Aurora System, Intercable has
entered into letters of intent on behalf of certain other managed partnerships
to sell all of their remaining cable properties located in the State of
Illinois. These properties are located in and around Lake County, Lake Zurich,
Matteson, Naperville, Orland Park, Park Forest and Wheaton, Illinois.
Item 7. Financial Statements and Exhibits
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a. Financial statements.
Not applicable.
b. Pro forma financial statements.
Not applicable.
c. Exhibits.
Not applicable.
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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.
IDS/JONES GROWTH PARTNERS 89-B, LTD.
By: Jones Cable Corporation,
its managing general partner
Dated: April 24, 1998 By: /s/ Elizabeth M. Steele
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Elizabeth M. Steele
Vice President and Secretary
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