Agenda - Council - 07/28/1992 - Laserfiche WebLink

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BER. NICK AND LIFSON A. ~OF'Ir--~IOt~AL. A~SOCI-,~TIO~'d The character qualifications of Meredith, as well as its owners are satisfactory. Meredith has provided information showing that neither it nor any principal or parent has ever been convicted in a criminal proceeding of any crimes against character. Meredith has provided the Commission with the following corporate and partnership documents: North Central Cable Communications Corporation Stock Purchase Agreement North Central Cable Communications Corporation Interim Stock Purchase Agreement Meredith/New Heritage Strategic Agreement of Limited Partnership Partners L.P. Restated Meredith/New Heritage Partnership Agreement New Heritage Associates Partnership Agreement Meredith Corporation 1991 Annual Report Secretary's Certificates of Ingersoll Group, Inc., Meredith Corporation and Meredith Cable, Inc. certifying their respective Articles of Incorporation and Bylaws Based upon review of the information provided, it would appear that the Commission could not withhold approval of the transfer based upon the legal or character qualifications of Meredith, its principals, or the entities which retain ownership interest in Meredith. TECHNICAL ABILITY The technical ability factor relates to the technical expertise and experience of Meredith in operating and maintaining a cable system. This analysis focuses on the current and former experience of the proposed Transferee. Since Meredith is a newly created entity, it is necessary to review the cable management performance and experience of the individuals who will manage Meredith. The Commission has been provided with information regarding the experience of the principles of the proposed new owners. The entire management team were previously involved in the 5 I I I I I I I I I I I I I' I I I !