FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may
continue.
See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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Expires: December 31, 2001
Estimated average burden
Hours per response.......0.5
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(Print or Type Responses)
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1. Name and Address of Reporting Person*
Ross, Jr. Wilbur L.
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(Last) (First) (Middle)
101 East 52nd Street, 19th Floor
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(Street)
New York New York 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
News Communications, Inc. (NCOM)
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3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year
Person (Voluntary)
August 2001
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5. If Amendment,
Date of Original
(Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
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Officer (give Other (specify
---- Title below) ---- below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A)
(Instr. 3) action action or Disposed of (D)
Date Code (Instr. 3, 4 and 5)
(Instr. 8)
(Month/ ------------- ------------------------------------
Day/ (A) or
Year) Code V Amount (D) Price
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5. Amount of 6. Owner- 7. Nature of
Securities ship Indirect
Beneficially Form: Beneficial
Owned at Direct Owner-
End of Month (D) or ship
Indirect
(Instr. 3 and 4) (I)
(Instr. 4) (Instr. 4)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
SEC 1474 (7-96)
Page 1 of 2
FORM 4 (continued)
Table II-- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action action ative Securities Ac- cisable and
Exercise Date Code quired (A) or Dis- Expiration
Price of (Instr. 8) posed of (D) Date
Deri- (Month/ (Instr. 3, 4 and 5) (Month/Day/
vative Day/ Year)
Security Year)
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Date Expira-
Exer- tion
Code V (A) (D) cisable Date
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Director Stock Option (right to $1.00 8/17/01 A 3,333 8/17/01 8/17/06
buy)
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7. Title and Amount of 8. Price of 9. Number 10. Owner- 11. Nature
Underlying Derivative of Deriv- ship Form of
Securities Security ative of Deriva- Indirect
(Instr. 3 and 4) (Instr. 5) Securities tive Bene-
Bene- Security: ficial
ficially Direct (D) Owner-
Owned at or Indirect ship
End of (I) (Instr. 4) (Instr. 4)
Month
(Instr. 4)
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Amount
Title or
Number
of Shares
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Common
stock 3,333 231,666 D
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Explanation of Responses:
**Intentional misstatements or omissions of facts /s/ Wilbur L. Ross, Jr. 9/6/01
constitute Federal Criminal Violations. ---------------------------------------------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Wilbur L. Ross, Jr.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
Page 2 of 2
SEC 1474 (7-96)