-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HvAbSTHRqRhBT+id4T9L7axq1SyaLU+6lygEhabUgpXGP1SZxbPZkOkklrGrxTgV i4uel7JdsZeel0LHiTzv1g== 0000897204-06-000006.txt : 20060106 0000897204-06-000006.hdr.sgml : 20060106 20060106170043 ACCESSION NUMBER: 0000897204-06-000006 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060106 DATE AS OF CHANGE: 20060106 GROUP MEMBERS: HEARST HOLDINGS INC GROUP MEMBERS: THE HEARST CORPORATION GROUP MEMBERS: THE HEARST FAMILY TRUST FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HEARST BROADCASTING INC CENTRAL INDEX KEY: 0001052746 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 959 EIGHTH AVE CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 1: 959 8TH AVE CITY: NEW YORK STATE: NY ZIP: 10019 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEARST ARGYLE TELEVISION INC CENTRAL INDEX KEY: 0000949536 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 742717523 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45627 FILM NUMBER: 06517133 BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVE CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2128876800 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 27TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 FORMER COMPANY: FORMER CONFORMED NAME: ARGYLE TELEVISION INC DATE OF NAME CHANGE: 19951006 SC 13D/A 1 hat.txt RULE 13D-101 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 45) HEARST-ARGYLE TELEVISION, INC. (Name of Issuer) SERIES A COMMON STOCK (Title of Class of Securities) 422317 10 7 (CUSIP Number) Eve B. Burton The Hearst Corporation 959 Eighth Avenue New York, New York 10019 (212) 649-2045 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy to: Kathleen L. Werner, Esq. Clifford Chance US LLP 31 West 52nd Street New York, New York 10019 (212) 878-8000 January 4, 2006 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. |_| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) - ----------------------- CUSIP No. 422317 10 7 13D - ----------------------- ============ =================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON HEARST BROADCASTING, INC. - ------------ ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b)|_| - ------------ ------------------------------------------------------------------ 3. SEC USE ONLY - ------------ ------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------ ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------ ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- ------- ---------------------------------------------- 7. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------- 8. SHARED VOTING POWER 66,538,089 ------- ---------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------- 10. SHARED DISPOSITIVE POWER 66,538,089 - ------------ ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,538,089 - ------------ ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.1% - ------------ ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ============ =================================================================== - ----------------------- CUSIP No. 422317 10 7 13D - ----------------------- ============ =================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON HEARST HOLDINGS, INC. - ------------ ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b)|_| - ------------ ------------------------------------------------------------------- 3. SEC USE ONLY - ------------ ------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------ ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------ ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- ------- ---------------------------------------------- 7. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------- 8. SHARED VOTING POWER 66,538,089 ------- ---------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------- 10. SHARED DISPOSITIVE POWER 66,538,089 - ------------ ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,538,089 - ------------ ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.1% - ------------ ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ============ =================================================================== - ----------------------- CUSIP No. 422317 10 7 13D - ----------------------- ============ =================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THE HEARST CORPORATION - ------------ ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b)|_| - ------------ ------------------------------------------------------------------- 3. SEC USE ONLY - ------------ ------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------ ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------ ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------- ------- ---------------------------------------------- 7. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------- 8. SHARED VOTING POWER 66,538,089 ------- ---------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------- 10. SHARED DISPOSITIVE POWER 66,538,089 - ------------ ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,538,089 - ------------ ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.1% - ------------ ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ============ =================================================================== - ----------------------- CUSIP No. 422317 10 7 13D - ----------------------- ============ =================================================================== 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THE HEARST FAMILY TRUST - ------------ ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b)|_| - ------------ ------------------------------------------------------------------- 3. SEC USE ONLY - ------------ ------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------ ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------ ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------- ------- ---------------------------------------------- 7. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------- 8. SHARED VOTING POWER 66,538,089 ------- ---------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------- 10. SHARED DISPOSITIVE POWER 66,538,089 - ------------ ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,538,089 - ------------ ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.1% - ------------ ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO (Testamentary Trust) ============ =================================================================== SCHEDULE 13D This Amendment No. 45 on Schedule 13D (the "Schedule 13D") relating to shares of Series A Common Stock, $0.01 par value per share ("Series A Common Stock"), of Hearst-Argyle Television, Inc., a Delaware corporation (the "Issuer"), is being filed jointly by The Hearst Corporation, a Delaware corporation ("Hearst"), Hearst Holdings, Inc., a Delaware corporation ("Hearst Holdings") and wholly-owned subsidiary of Hearst, Hearst Broadcasting, Inc., a Delaware corporation ("Hearst Broadcasting") and wholly-owned subsidiary of Hearst Holdings, and The Hearst Family Trust, a testamentary trust (the "Trust," and together with Hearst, Hearst Holdings and Hearst Broadcasting, the "Reporting Persons"), and supplements and amends the statement on Schedule 13D originally filed with the Commission on April 4, 1997 (as amended, the "Statement"). Item 2. Identity and Background. Item 2 is amended as follows: Schedule I hereto sets forth the name, business address and present principal occupation or employment and address of any corporation or other organization in which such employment is conducted, for each of the directors and executive officers of Hearst, Hearst Holdings and Hearst Broadcasting and the trustees of the Trust. Schedule I also sets forth the citizenship of each of the directors and executive officers of Hearst, Hearst Holdings and Hearst Broadcasting and the trustees of the Trust. Item 3. Source and Amount of Funds or Other Consideration. The aggregate amount of funds used by Hearst Broadcasting to acquire the shares reported in Item 5(c) was $15,355,769.50. Hearst Broadcasting used its working capital to make such purchases. Item 4. Purpose of Transaction. Hearst Broadcasting purchased additional Securities, as reported in Item 5(c) of this Statement, in order to increase its equity interest in the Issuer. See also Item 6. Item 5. Interest in Securities of the Issuer. (a) and (b) As of January 4, 2006, the Reporting Persons owned 24,253,310 shares of Series A Common Stock of the Issuer, 41,298,648 shares of Series B Common Stock and 500,000 of the Series B Preferred Securities (collectively, the "Securities"). Each share of Series B Common Stock of the Issuer is immediately convertible into one share of Series A Common Stock of the Issuer. Therefore, the 41,298,648 shares of Series B Common Stock owned directly by Hearst Broadcasting represent, if converted, 41,298,648 shares of Series A Common Stock of the Issuer. Each of the Series B Preferred Securities are convertible at the option of Hearst Broadcasting into Series B Subordinated Debentures, on a share-for-share basis. Thereafter, the Series B Subordinated Debentures are required under the terms thereof to be converted into 986,131 shares of Series A Common Stock. Under the definition of "beneficial ownership" as set forth in Rule 13d-3 of the Exchange Act, Hearst Broadcasting, Hearst Holdings, Hearst and the Trust are deemed to have beneficial ownership of each of the combined 66,538,089 shares of the Securities. The Trust, as the owner of all of Hearst's issued and outstanding common stock, may be deemed to have the power to direct the voting of and disposition of the Securities. Hearst, as the owner of all of Hearst Holdings' issued and outstanding common stock, may be deemed to have the power to direct the voting of and disposition of the Securities. Hearst Holdings, as the owner of all of Hearst Broadcasting's issued and outstanding common stock, may be deemed to have the power to direct the voting of and disposition of the Securities. As a result, Hearst Broadcasting, Hearst Holdings, Hearst and the Trust may be deemed to share the power to direct the voting of and the disposition of the Securities. The Securities constitute approximately 71.1% of the combined shares of Series A Common Stock and Series B Common Stock outstanding of the Issuer, based on the number of outstanding shares as of November 30, 2005, provided to the Reporting Persons by the Issuer, and assuming conversion of the Series B Preferred Securities owned by the Reporting Persons. (c) Since filing Amendment No. 44 to the Statement, Hearst Broadcasting has made the following purchases of Series A Common Stock of the Issuer pursuant to open-market transactions:
Date # of Shares Price per Share ($) Cost ($) - ------------------- --------------------------- --------------------------- --------------------------- 11/18/2005 50 23.4700 1,173.50 11/18/2005 700 23.4200 16,394.00 11/18/2005 1,150 23.4300 26,944.50 11/18/2005 100 23.4500 2,345.00 11/18/2005 350 23.4800 8,218.00 11/18/2005 3,100 23.5300 72,943.00 11/18/2005 1,900 23.4900 44,631.00 11/18/2005 1,450 23.5000 34,075.00 11/18/2005 200 23.5200 4,704.00 11/18/2005 650 23.5400 15,301.00 11/18/2005 400 23.5500 9,420.00 11/18/2005 1,850 23.5700 43,604.50 11/18/2005 50 23.5600 1,178.00 11/21/2005 550 23.6300 12,996.50 11/21/2005 3,050 23.6200 72,041.00 11/21/2005 850 23.5300 20,000.50 11/21/2005 400 23.5600 9,424.00 11/21/2005 100 23.6000 2,360.00 11/21/2005 4,450 23.6100 105,064.50 11/21/2005 5,800 23.5900 136,822.00 11/21/2005 800 23.5800 18,864.00 11/22/2005 750 23.7200 17,790.00 11/22/2005 500 23.7500 11,875.00 11/22/2005 3,850 23.7400 91,399.00 11/22/2005 4,250 23.7300 100,852.50 11/23/2005 55,000 23.9400 1,316,700.00 11/25/2005 300 23.9200 7,176.00 11/25/2005 200 23.9300 4,786.00 11/25/2005 600 23.8600 14,316.00 11/25/2005 2,800 23.8700 66,836.00 11/25/2005 1,500 23.8800 35,820.00 11/25/2005 1,150 23.9400 27,531.00 11/28/2005 550 23.9100 13,150.50 11/28/2005 100 23.8900 2,389.00 11/28/2005 3,550 23.9400 84,987.00 11/28/2005 2,500 23.9200 59,800.00 11/28/2005 1,100 23.9300 26,323.00 11/28/2005 150 23.8600 3,579.00 11/28/2005 200 23.8400 4,768.00 11/28/2005 850 23.8000 20,230.00 11/29/2005 150 23.8200 3,573.00 11/29/2005 300 23.8500 7,155.00 11/29/2005 400 23.8800 9,552.00 11/30/2005 2,200 23.9700 52,734.00 11/30/2005 200 23.9800 4,796.00 11/30/2005 800 24.0000 19,200.00 11/30/2005 50 23.9500 1,197.50 12/1/2005 6,000 24.0000 144,000.00 12/2/2005 1,800 24.0000 43,200.00 12/5/2005 4,700 24.0000 112,800.00 12/5/2005 700 23.9900 16,793.00 12/5/2005 100 23.9500 2,395.00 12/5/2005 100 23.9400 2,394.00 12/8/2005 500 23.9200 11,960.00 12/8/2005 300 23.9300 7,179.00 12/8/2005 1,700 23.9400 40,698.00 12/8/2005 200 23.9500 4,790.00 12/8/2005 500 23.9600 11,980.00 12/8/2005 700 23.9700 16,779.00 12/8/2005 6,000 23.9800 143,880.00 12/8/2005 600 23.9900 14,394.00 12/8/2005 1,300 24.0000 31,200.00 12/9/2005 6,500 23.9900 155,935.00 12/9/2005 3,500 23.9800 83,930.00 12/9/2005 200 23.9700 4,794.00 12/9/2005 500 23.9600 11,980.00 12/9/2005 200 23.9400 4,788.00 12/9/2005 500 23.9200 11,960.00 12/9/2005 100 23.9000 2,390.00 12/9/2005 1,100 23.8900 26,279.00 12/9/2005 400 23.8500 9,540.00 12/9/2005 4,600 23.8300 109,618.00 12/9/2005 300 23.8200 7,146.00 12/9/2005 800 23.8400 19,072.00 12/9/2005 800 23.8300 19,064.00 12/9/2005 300 23.8400 7,152.00 12/9/2005 700 23.8500 16,695.00 12/9/2005 2,500 23.9700 59,925.00 12/9/2005 500 23.9600 11,980.00 12/15/2005 100 23.7600 2,376.00 12/15/2005 1,200 23.7900 28,548.00 12/15/2005 900 23.7700 21,393.00 12/15/2005 300 23.8000 7,140.00 12/15/2005 100 23.7800 2,378.00 12/15/2005 100 23.8200 2,382.00 12/15/2005 100 23.8300 2,383.00 12/15/2005 100 23.8500 2,385.00 12/15/2005 1,100 23.8600 26,246.00 12/15/2005 22,800 23.8700 544,236.00 12/16/2005 600 23.7800 14,268.00 12/16/2005 2,400 23.7500 57,000.00 12/16/2005 6,600 23.8100 157,146.00 12/16/2005 200 23.8700 4,774.00 12/16/2005 100 23.8600 2,386.00 12/16/2005 2,300 23.8500 54,855.00 12/16/2005 4,800 23.8400 114,432.00 12/16/2005 4,500 23.8300 107,235.00 12/16/2005 5,000 23.8200 119,100.00 12/16/2005 300 23.8000 7,140.00 12/19/2005 100,000 23.7500 2,375,000.00 12/20/2005 18,600 23.9600 445,656.00 12/20/2005 3,300 23.9700 79,101.00 12/20/2005 100 23.9900 2,399.00 12/20/2005 1,000 24.0000 24,000.00 12/20/2005 200 23.8700 4,774.00 12/20/2005 100 23.8300 2,383.00 12/20/2005 200 23.7900 4,758.00 12/20/2005 300 23.7300 7,119.00 12/21/2005 300 23.9100 7,173.00 12/21/2005 7,300 23.9600 174,908.00 12/21/2005 3,600 23.9700 86,292.00 12/21/2005 2,800 23.9800 67,144.00 12/21/2005 8,900 24.0000 213,600.00 12/21/2005 900 23.9900 21,591.00 12/22/2005 400 23.7100 9,484.00 12/22/2005 1,300 23.7700 30,901.00 12/22/2005 600 23.8000 14,280.00 12/22/2005 600 23.8100 14,286.00 12/22/2005 11,100 23.8500 264,735.00 12/22/2005 300 23.8900 7,167.00 12/22/2005 300 23.9300 7,179.00 12/22/2005 700 23.9500 16,765.00 12/22/2005 600 24.0000 14,400.00 12/22/2005 400 23.9200 9,568.00 12/22/2005 1,400 23.8600 33,404.00 12/22/2005 500 23.9100 11,955.00 12/22/2005 3,600 23.8700 85,932.00 12/22/2005 2,000 23.8800 47,760.00 12/23/2005 3,900 23.9000 93,210.00 12/23/2005 4,300 23.9500 102,985.00 12/23/2005 6,000 24.0000 144,000.00 12/23/2005 9,600 23.9900 230,304.00 12/28/2005 4,900 23.9500 117,355.00 12/28/2005 1,000 23.9400 23,940.00 12/28/2005 400 23.9600 9,584.00 12/28/2005 1,000 23.9700 23,970.00 12/28/2005 3,000 23.9900 71,970.00 12/29/2005 400 23.9500 9,580.00 12/30/2005 1,000 23.8900 23,890.00 12/30/2005 20,500 23.9000 489,950.00 1/3/2006 400 23.8000 9,520.00 1/3/2006 200 23.7800 4,756.00 1/3/2006 800 23.7500 19,000.00 1/3/2006 600 23.7200 14,232.00 1/3/2006 1,700 23.7600 40,392.00 1/3/2006 200 23.7700 4,754.00 1/3/2006 700 23.7300 16,611.00 1/3/2006 1,100 23.7400 26,114.00 1/3/2006 700 23.6400 16,548.00 1/3/2006 1,500 23.6500 35,475.00 1/3/2006 2,800 23.6700 66,276.00 1/3/2006 2,100 23.6900 49,749.00 1/3/2006 2,100 23.6800 49,728.00 1/3/2006 1,300 23.7000 30,810.00 1/4/2006 185,600 23.9000 4,435,840.00 643,450 15,355,769.50
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. In May 1998, the Board of Directors of Hearst approved the purchase from time to time by Hearst Broadcasting of up to ten million shares of the Issuer through open market purchases, privately negotiated transactions or otherwise. On December 8, 1999, the Board of Directors of Hearst approved the purchase from time to time by Hearst Broadcasting of up to fifteen million shares of the Issuer (inclusive of the ten million shares previously authorized). On December 6, 2000, Hearst's Board approved the purchase from time to time by Hearst Broadcasting of up to 20 million shares of the Issuer (inclusive of the fifteen million shares previously authorized). On September 23, 2005, the Board of Directors of Hearst approved the purchase from time to time by Hearst Broadcasting of up to 25 million shares of the Issuer (inclusive of the 20 million shares previously authorized). Hearst Broadcasting's transactions under its program, for which the authorization remains active, are reported elsewhere in this Schedule. In May 1998, the Issuer's Board of Directors authorized the repurchase of up to $300 million of Series A Common Stock, such repurchases to be effected from time to time in the open market or in private transactions, subject to market conditions and management's discretion. There can be no assurance that Hearst Broadcasting or the Issuer will continue to repurchase shares in the future or, if either of them does so, what the terms of such repurchases will be. However, to the extent that both Hearst Broadcasting and the Issuer decide to purchase shares of Series A Common Stock on any single day, they are required to aggregate their purchases and to use a single broker/dealer pursuant to Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Accordingly, they have agreed that any such purchases on that day will be divided between them equally. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 2006 HEARST BROADCASTING, INC. By: /s/ Eve B. Burton ---------------------------------- Name: Eve B. Burton Title: Vice President SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 2006 HEARST HOLDINGS, INC. By: /s/ Eve B. Burton ---------------------------------- Name: Eve B. Burton Title: Vice President SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 2006 THE HEARST CORPORATION By: /s/ Eve B. Burton ---------------------------------- Name: Eve B. Burton Title: Vice President SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 2006 THE HEARST FAMILY TRUST By: /s/ Victor F. Ganzi ---------------------------------- Name: Victor F. Ganzi Title: Trustee SCHEDULE I INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF HEARST, HEARST BROADCASTING AND HEARST HOLDINGS AND TRUSTEES OF THE HEARST FAMILY TRUST Set forth in the table below is the name and the present principal occupation or employment of each director and executive officer of Hearst, Hearst Broadcasting and Hearst Holdings. Unless otherwise indicated, each person identified below is employed by Hearst Communications, Inc., an indirect, wholly-owned subsidiary of Hearst, and may perform services for Hearst or one of Hearst's other wholly-owned subsidiaries. The principal business address of Hearst, Hearst Broadcasting, Hearst Holdings and Hearst Communications, Inc. and, unless otherwise indicated, each person identified below, is 959 Eighth Avenue, New York, New York 10019. The principal business address of the Trust is 888 Seventh Avenue, New York, New York 10106. Trustees of the Trust are identified by an asterisk ("*"). Unless otherwise indicated, all persons identified below are U.S. citizens. Present Office/Principal Name Occupation or Employment HEARST George R. Hearst, Jr.* Chairman of the Board, Director Frank A. Bennack, Jr.* (2) Vice Chairman of the Board, Chairman of Executive Committee, Director Victor F. Ganzi* President, Chief Executive Officer, Director James M. Asher Senior Vice President, Chief Legal and Development Officer, Director Anissa B. Balson* Director David J. Barrett (1) Director; President and Chief Executive Officer: Hearst-Argyle Television, Inc. Cathleen P. Black Senior Vice President, Director; President: Hearst Magazines Division, Hearst Communications, Inc. Catherine A. Bostron Secretary Eve B. Burton Vice President, General Counsel John G. Conomikes* (2) Director Richard E. Deems* (2) Director Steven DeLorenzo Vice President Ronald J. Doerfler Senior Vice President, Chief Financial Officer, Treasurer, Director Alfredo Gatto Vice President; Vice President and General Manager, Hearst Service Center Division, Hearst Communications, Inc. George J. Green Vice President; President: Hearst Magazines International Division, Hearst Communications, Inc. Mark Hasson Vice President-Finance Austin Hearst (1) Director; Vice President: Hearst Entertainment Distribution Division, Hearst Entertainment, Inc. John R. Hearst, Jr.* Director Stephen T. Hearst (4) Director; Vice President: San Francisco Realties Division; Vice President, San Simeon Ranch Division, Hearst Holdings, Inc. William R. Hearst, III* (3) Director; Partner: Kleiner, Perkins, Caufield & Byers George B. Irish Senior Vice President, Director; President: Hearst Newspapers Division, Hearst Communications, Inc. Harvey L. Lipton* (2) Director Richard P. Malloch Vice President; President: Hearst Business Media Group Administrative Division, Hearst Communications, Inc. Gilbert C. Maurer* (2) Director Mark F. Miller* (2) Director Bruce L. Paisner Vice President; Executive Vice President: Hearst Entertainment and Syndication Group Administrative Division, Hearst Communications, Inc. Raymond J. Petersen* Director; Executive Vice President: Hearst Magazines Division, Hearst Communications, Inc. Dionysios Psyhogios Vice President-Taxes Virginia Hearst Randt* Director Debra Shriver Vice President HEARST BROADCASTING John G. Conomikes* (2) President, Director James M. Asher Vice President David J. Barrett (1) Vice President, Director; President and Chief Executive Officer: Hearst-Argyle Television, Inc. Eve B. Burton Vice President Ronald J. Doerfler Vice President, Treasurer Victor F. Ganzi* Vice President, Director Catherine A. Bostron Secretary Frank A. Bennack, Jr.* (2) Director George R. Hearst, Jr.* Director William R. Hearst, III* (3) Director; Partner: Kleiner, Perkins, Caufield & Byers Gilbert C. Maurer* (2) Director Virginia Hearst Randt* Director HEARST HOLDINGS George R. Hearst, Jr.* Chairman of the Board, Director Frank A. Bennack, Jr.* (2) Vice Chairman of the Board, Chairman of Executive Committee, Director Victor F. Ganzi* President, Chief Executive Officer, Director James M. Asher Senior Vice President, Chief Legal and Development Officer, Director Anissa B. Balson* Director David J. Barrett (1) Director; President and Chief Executive Officer: Hearst-Argyle Television, Inc. Cathleen P. Black Senior Vice President, Director; President: Hearst Magazines Division, Hearst Communications, Inc. Catherine A. Bostron Secretary Eve B. Burton Vice President, General Counsel John G. Conomikes* (2) Director Richard E. Deems* (2) Director Steven DeLorenzo Vice President Ronald J. Doerfler Senior Vice President, Chief Financial Officer, Treasurer, Director Alfredo Gatto Vice President; Vice President and General Manager, Hearst Service Center Division, Hearst Communications, Inc. George J. Green Vice President; President: Hearst Magazines International Division, Hearst Communications, Inc. Mark Hasson Vice President-Finance Austin Hearst (1) Director; Vice President: Hearst Entertainment Distribution Division, Hearst Entertainment, Inc. John R. Hearst, Jr.* Director Stephen T. Hearst (4) Director; Vice President: San Francisco Realties Division, The Hearst Corporation; Vice President, San Simeon Ranch Division, Hearst Holdings, Inc. William R. Hearst, III* (3) Director; Partner: Kleiner, Perkins, Caufield & Byers George B. Irish Senior Vice President, Director; President: Hearst Newspapers Division, Hearst Communications, Inc. Harvey L. Lipton* (2) Director Richard P. Malloch Vice President; President: Hearst Business Media Group Administrative Division, Hearst Communications, Inc. Gilbert C. Maurer* (2) Director Mark F. Miller* (2) Director Bruce L. Paisner Vice President; Executive Vice President: Hearst Entertainment and Syndication Group Administrative Division, Hearst Communications, Inc. Raymond J. Petersen* Director; Executive Vice President: Hearst Magazines Division, Hearst Communications, Inc. Dionysios Psyhogios Vice President-Taxes Virginia Hearst Randt* Director Debra Shriver Vice President - --------------------------------- (1) 888 Seventh Avenue New York, NY 10106 (2) Self-employed, non-employed or retired (3) 765 Market Street, #34D San Francisco, CA 94103 (4) 5 Third Street Suite 200 San Francisco, CA 94103 -----END PRIVACY-ENHANCED MESSAGE-----