UNITED STATES
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
NEVADA 0-26176 88-0336997
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
|
ITEM 5. OTHER EVENTS.
On April 28, 1997, EchoStar Communications Corporation issued the following press release:
The submission of applications for regulatory approval of the The News Corporation Limited ("News Corp.") investment in EchoStar Communications Corporation ("EchoStar," NASDAQ:DISH), has been delayed. EchoStar and News Corp. had planned Hart-Scott-Rodino and Federal Communications Commission filings in connection with the transaction by the end of April 1997. However, late Friday, April 25, 1997, News Corp. informed EchoStar that it does not intend to proceed with its investment in EchoStar unless EchoStar commits to abandon its current Nagra, S.A. conditional access system. News Corp. has requested that EchoStar instead use a News Corp. conditional access system. EchoStar has requested additional information from News Corp. to further consider whether the News Corp. conditional access system can meet the criteria for use set out in the binding letter agreement between the parties dated February 19, 1997 (the "Agreement").
News Corp. has also informed EchoStar that it believes other matters must be resolved between the parties before News Corp. will proceed with the transaction. While EchoStar is hopeful that News Corp. will honor its obligations under the Agreement, a new timetable for regulatory filings has not been set and there can be no assurance that News Corp. will proceed with an investment in EchoStar.
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 thereunto duly authorized.
ECHOSTAR COMMUNICATIONS CORPORATION
Date: April 28, 1997 By: /S/ DAVID K. MOSKOWITZ
-------------------------------- ---------------------------
David K. Moskowitz
Senior Vice President and
General Counsel
|