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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): June 30, 1995
JONES PROGRAMMING PARTNERS 2-A, LTD.
(Exact name of registrant as specified in its charter)
Colorado 0-20944 84-1088819
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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)
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Item 2. Acquisition or Disposition of Assets.
On June 30, 1995, Jones Programming Partners 2-A, Ltd. (the "Partnership"), a
Colorado limited partnership, sold its one-third ownership interest in
Household Saints to Jones Entertainment Group, Ltd. (the "General Partner"),
the Colorado corporation that serves as the Partnership's General Partner, for
$1,389,166. The General Partner purchased the Partnership's interest in
Household Saints at a purchase price sufficient to enable the Partnership to
recover its net investment in the film.
The General Partner had obtained three independent appraisals of the fair
market value of the Partnership's interest in Household Saints. The average of
the three independent appraisals of the fair market value of the Partnership's
interest in Household Saints was $298,450. Appraisals were obtained by the
General Partner because the Partnership's limited partnership agreement allows
the General Partner to purchase completed programming projects from the
Partnership if the purchase price is an amount no less than the average of
three independent fair market value appraisals.
The purchase price was paid $500,000 in cash at closing on June 30, 1995,
$500,000 in the form of a non-interest bearing promissory note payable on June
30, 1996 and $389,166 in the form of a non-interest bearing promissory note
payable on June 30, 1997.
The General Partner has not yet determined how the proceeds from the sale of
Household Saints will be used by the Partnership. It is possible that the
Partnership will use a portion of the sale proceeds to invest in an additional
programming project. The General Partner has also not yet determined what
portion of the sale proceeds from Household Saints will be distributed to the
limited partners. At a minimum, however, the Partnership will distribute
enough of the sale proceeds to the limited partners to cover the limited
partners' federal income tax liability, if any, resulting from the sale.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Purchase and Sale Agreement dated June 30, 1995 by and between Jones
Programming Partners 2-A, Ltd. and Jones Entertainment Group, Ltd.
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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 PROGRAMMING
PARTNERS 2-A, LTD.
a Colorado limited partnership
By Jones Entertainment Group, Ltd.,
its General Partner
By: /s/ Theodore A. Henderson
Theodore A. Henderson
Dated: July 7, 1995 Vice President
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EXHIBIT INDEX
2 Purchase and Sale Agreement dated June 30, 1995 by and between Jones
Programming Partners 2-A, Ltd. and Jones Entertainment Group, Ltd.