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): May 31, 1996
Century Communications Corp.
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(Exact name of registrant as specified in its charter)
1-9676
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(Commission File Number)
New Jersey 06-1158179
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(State other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
50 Locust Avenue
New Canaan, Connecticut 06840
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(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code (203) 972-2000
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(Former name or former address, if changed since last report)
Page 1 of __ Pages
Exhibit Index on Page 4
Item 2. Acquisition or Disposition of Assets
(a) On May 31, 1996, Century Communications Corp. (the "Company")
acquired from ML Media Partners, L.P. (the "Seller") cable television systems
serving Anaheim, Hermosa Beach/Manhattan Beach, Fairfield and Rohnert
Park/Yountville, California (collectively, the "Systems") for an aggregate
purchase price of approximately $286 million (subject to post-closing
adjustment) in cash. The purchase price was determined by arms'-length
negotiations between the parties and was funded by available bank lines of
credit with Citibank, N.A., as agent. At May 31, 1996, such systems served an
aggregate of approximately 139,000 primary basic subscribers. The Company and
the Seller, through their respective subsidiaries, jointly own (50% each) a
joint venture that operates cable television systems in Puerto Rico.
(b) The assets of the Seller acquired by the Company consisted of those
assets related to the operation of the business of the Systems. The primary
tangible assets acquired were the property, plant and equipment used to provide
cable television services. The Company will continue to use such assets in the
manner in which they were previously used by the Seller.
Item 7. Financial Statements and Exhibits
(a),(b) Financial Statements of Business Acquired/Pro Forma Financial
Information.
It is impracticable for the Company to provide the required financial
statements for the ML California Cable Division of the Seller which includes the
Systems (the "Division") at the time of the filing of this Current Report on
Form 8-K primarily because financial statements for the Division were not
maintained and pro forma financial statements are not currently available. Due
to the complexity of preparing such financial statements and pro forma
information, the Company will require additional time to prepare such material.
The Company presently believes such information can be completed and filed under
cover of an amendment hereto within sixty (60) days after the due date of this
Current Report on Form 8-K.
Reference is made to the Company's Current Report on Form 8-K dated May
15, 1995 with respect to the Company's acquisition of the Systems which contains
further financial information with respect thereto.
(c) Exhibits.
(1) Asset Purchase Agreement, dated November 28, 1994, by and between ML
Media Partners, L.P. and Century Communications Corp.
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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.
CENTURY COMMUNICATIONS CORP.
By:/s/ Scott N. Schneider
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Name: Scott N. Schneider
Title: Senior Vice President, Treasurer
and Chief Accounting Officer
Date: June 13, 1996
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EXHIBIT INDEX
Exhibit No. Description
(1) Asset Purchase Agreement, dated November 28, 1994, by and between
ML Media Partners, L.P. and Century Communications Corp.
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