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NCAI J. SHAPIRO <br />SAUL A. BCRNICM' <br />THOMAS D. CREIOMTON <br />JCRRY STRAUSS* <br />SCOTT A. LIFSON <br />PAUL J. OUASTI <br />S•TODO RAPP•• <br />THERESA M. KOWALSKI <br />JAMES B. FLCMINO' <br />BERNICK AND LIFSON <br />A PROFESSIONAL ASSOCIATION <br />ATTORNEYS AT LAW <br />SUITE 1200 THE COLONNADE <br />5500 WAYZATA BOULEVARD <br />MINNEAPOLIS. MINNESOTA 55416 <br />16121 546 -1200 <br />FACSIMILE 16121 546 -1003 <br />'ALSO ADMITTED IN WISCONSIN <br />ALSO ADMITTCO IN NCSRAS, A <br />'ALSO CERTIFIED PUBLIC ACCOUNTANT <br />•RCAI PROPERTY LAW SPECIALIST <br />AND CIVIL TRIAL SPECIALIST <br />CERTIFIED BY <br />MINNESOTA STATE BAR ASSOCIATION <br />OP COUNSEL <br />ARTHUR J.OLASSMAN <br />PARALEGAL <br />KATHRYN O. MASTERMAH <br />M E M O R A N D U M <br />TO: Directors, North Suburban Cable Communications <br />Commission <br />FROM: Thomas D. Creighton <br />DATE: July 1992 <br />RE: <br />Request for Approval of Transfer of control of North <br />Central Cable Communication Corporation <br />Please find below a summary and analysis of the proposed <br />transaction regarding a request from North Central Cable Comm- <br />unications Corporation (hereinafter "North Central ") to the North <br />Suburban Cable Communications Commission and its member Cities <br />(hereinafter "Commission ") to approve the transfer of control of <br />North Central from the current shareholders to Meredith /New <br />Heritage Strategic Partners, L.P. (hereinafter "Meredith "). Please <br />note that the word "Commission" is used throughout this document to <br />represent both the cable commission and the member cities. It is <br />expressly understood that the Commission is serving only in an <br />advisory capacity to the member cities, and that the member cities <br />are the franchise holders and the final authorities in any <br />determination regarding approval of the proposed transfer of <br />control. North Central is the parent company of the current <br />franchise holder, Group W of The North Suburbs, Inc., doing <br />business as Cable TV North Central. <br />The purpose of this report is to provide the Commission with <br />an understanding of the transaction and the standard for reviewing <br />whether to approve it. <br />Page 73 <br />