SECURITIES

K-III Plans First Stock Offering: K-III Communications Corp., which is controlled by buyout specialist Kohlberg Kravis Roberts & Co., made the disclosure in a registration statement filed with the Securities and Exchange Commission. The New York-based media company owns the Channel One school news program, Weekly Reader, Seventeen magazine and the Daily Racing Form. The filing does not state a timetable for the sale, say how large a stake in the company the public could buy or what the share prices would be. But for purposes of calculating fees for the securities registration, the filing said the sale would generate total proceeds of up to $201.25 million.