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BERNICK AND LIFSON <br /> • A PROFESSIONAL ASSOCIATION <br /> ATTORNEYS AT LAW <br /> SUITE 1200 THE COLONNADE <br /> SSOO WAYZATA BOULEVARD <br /> NEAL J..SHAPIRO MINNEAPOLIS.MINNESOTA 55416 •ALSO AOMITT ED IN WISCONSIN <br /> SAUL A.BERNICK• ALSO AD MI TTEO IN NEBRASKA <br /> THOMAS D.CR EIG HTON <br /> -ALSO CERTIFIED PUBLIC ACCOUNTANT <br /> 16 12 1 546-1200 (REAL PROPERTY LAW SPECIALIST <br /> JERRY STRAUSS• <br /> AND CIVIL <br /> SCOTT A.LIFSON FACSIMILE 16121 54 CERTIFIED TRIAL SPECIALIST <br /> B RTI FI[O BY <br /> PAUL J.OUAST I MINNESOTA STATE BAR ASSOCIATION <br /> S.TODD RAPP•- <br /> THERESA M.KOWALSKI OF COUNSEL <br /> JAMES S.FLEMING• ARTHUR J.GLASSMAN <br /> PARALEGAL <br /> KATHRTN G.MASTERMAN <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: Request for Approval of Transfer of control of North <br /> Central Cable Communication Corporation <br /> • Please find below a summa and analysis of t <br /> summary y he 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 /> • <br />