-----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, Q4n4hossYmD+L3w5pDHyM2HogOx8IkltQNyTXbJkE+tEXGogdqHpThCJc3sjFEEt sCSbUqwCjvmoVEVpAwXICg== 0000950123-00-001891.txt : 20000307 0000950123-00-001891.hdr.sgml : 20000307 ACCESSION NUMBER: 0000950123-00-001891 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000302 GROUP MEMBERS: HEARST BROADCASTING INC GROUP MEMBERS: HEARST HOLDINGS INC GROUP MEMBERS: THE HEARST CORPORATION GROUP MEMBERS: THE HEARST FAMILY TRUST 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: SEC FILE NUMBER: 005-45627 FILM NUMBER: 560147 BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVE CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2126492300 MAIL ADDRESS: STREET 1: 200 CONCORD PLAZA STREET 2: STE 700 CITY: SAN ANTONIO STATE: TX ZIP: 78216 FORMER COMPANY: FORMER CONFORMED NAME: ARGYLE TELEVISION INC DATE OF NAME CHANGE: 19951006 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HEARST BROADCASTING INC CENTRAL INDEX KEY: 0001052746 STANDARD INDUSTRIAL CLASSIFICATION: [] 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 SC 13D/A 1 HEARST ARGYLE TELEVISION INC 1 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. 28)* HEARST-ARGYLE TELEVISION, INC. (Name of Issuer) SERIES A COMMON STOCK (Title of Class of Securities) 422317 10 7 (CUSIP Number) JODIE W. KING, ESQ. THE HEARST CORPORATION 959 EIGHTH AVENUE NEW YORK, NEW YORK 10019 (212) 649-2025 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) COPY TO: STEVEN A. HOBBS, ESQ. BONNIE A. BARSAMIAN, ESQ. ROGERS & WELLS, LLP 200 PARK AVENUE NEW YORK, NEW YORK 10166 (212) 878-8000 FEBRUARY 29, 2000 (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. [ ] (Continued on following pages) 1 2 - ----------------------- 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 - ----------------------------------------------------------------------------------------------------------------- 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------------------------------------------------------------------------------- 8. SHARED VOTING POWER 54,937,290 ----------------------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.29% - ----------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO =================================================================================================================
2 3 - --------------------- 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)[ ] (a)[ ] - ----------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS - ----------------------------------------------------------------------------------------------------------------- 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------------------------------------------------------------------------------- 8. SHARED VOTING POWER 54,937,290 ----------------------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.29% - ----------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO =================================================================================================================
3 4 - ---------------------- 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 - ----------------------------------------------------------------------------------------------------------------- 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------------------------------------------------------------------------------- 8. SHARED VOTING POWER 54,937,290 ----------------------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.29% - ----------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO =================================================================================================================
4 5 - ----------------------- 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 - ----------------------------------------------------------------------------------------------------------------- 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------------------------------------------------------------------------------- 8. SHARED VOTING POWER 54,937,290 ----------------------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,937,290 - ----------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.29% - ----------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO (Testamentary Trust) =================================================================================================================
5 6 SCHEDULE 13D This Amendment No. 28, which relates 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"), and 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"), supplements and amends the statement on Schedule 13D originally filed with the Commission on April 4, 1997 (as amended, the "Statement"). 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 $14,518,460.75. Hearst Broadcasting used its working capital to make such purchases. ITEM 4. PURPOSE OF THE TRANSACTION. Hearst Broadcasting purchased the additional Securities reported in Item 5(c) of this Statement in order to increase its equity interest in the Issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) As of February 29, 2000 the Reporting Persons owned 13,638, 642 shares of Series A Common Stock of the Issuer and 41,298,648 shares of Series B Common Stock of the Issuer (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. 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 54,937,290 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 59.29% 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 the date hereof, provided to the Reporting Persons by the Issuer. 6 7 (c) Since filing Amendment No. 27 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 ($) ---- ----------- ------------------- -------- 02/04/00 21,100 23.0000 486,144.00 02/07/00 1,000 22.9375 22,977.50 02/07/00 12,400 23.0000 285,696.00 02/08/00 6,000 22.6875 136,365.00 02/08/00 30,000 22.8750 687,450.00 02/09/00 15,800 22.6250 358,107.00 02/09/00 15,600 22.7500 355,524.00 02/10/00 3,200 22.7500 72,928.00 02/10/00 2,800 22.6875 63,637.00 02/14/00 2,400 22.8750 54,996.00 02/14/00 13,600 22.9375 312,494.00 02/15/00 95,000 22.7500 2,165,050.00 02/16/00 15,000 22.3125 335,287.50 02/17/00 28,400 21.5000 611,736.00 02/17/00 71,000 21.6250 1,538,215.00 02/17/00 50,000 21.8750 1,095,750.00 02/18/00 1,000 21.0625 21,102.50 02/18/00 22,000 21.1250 465,630.00 02/18/00 1,000 21.2500 21,290.00 02/22/00 7,200 21.1250 152,388.00 02/24/00 5,000 21.5000 107,700.00 02/25/00 6,200 21.3125 132,385.50 02/25/00 5,000 21.5000 107,700.00 02/28/00 5,000 21.0000 105,200.00 02/28/00 15,500 21.1250 328,057.50
7 8
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 02/28/00 4,500 21.1875 95,523.75 02/29/00 900 20.7500 18,711.00 02/29/00 400 20.8125 8,341.00 02/29/00 300 20.8750 6,274.50 02/29/00 207,500 21.0000 4,365,800.00 ------- ------------ Total 664,800 14,518,460.75 ===== ======= =============
8 9 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: March 2, 2000 HEARST BROADCASTING, INC. By: /s/ Jodie W. King -------------------------- Name: Jodie W. King Title: Vice President 9 10 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: March 2, 2000 HEARST HOLDINGS, INC. By: /s/ Jodie W. King --------------------------- Name: Jodie W. King Title: Vice President 10 11 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: March 2, 2000 THE HEARST CORPORATION By: /s/ Jodie W. King ---------------------------- Name: Jodie W. King Title: Vice President 11 12 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: March 2, 2000 THE HEARST FAMILY TRUST By: /s/ Mark F. Miller -------------------------- Name: Mark F. Miller Title: Trustee 12 13 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., a wholly-owned subsidiary of Hearst, and may perform services for Hearst or one of its 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 United States citizens.
Present Office/Principal Name Occupation or Employment - ---- ------------------------ HEARST George R. Hearst, Jr.* Chairman of the Board, Chairman of Executive Committee, Director Frank A. Bennack, Jr.* President and Chief Executive Officer, Director Victor F. Ganzi* Executive Vice President and Chief Operating Officer, Director James M. Asher Vice President, Chief Legal and Development Officer John G. Conomikes* Vice President, Director Ronald J. Doerfler Vice President, Chief Financial Officer and Treasurer George B. Irish Vice President, Director; President, Hearst Newspapers Division - Hearst Communications, Inc. Raymond E. Joslin Vice President, Director; President, Hearst Entertainment and Syndication Group Administrative Division - Hearst Communications, Inc. Cathleen P. Black Vice President, Director; President: Hearst Magazines Division - Hearst Communications, Inc. Millicent H. Boudjakdji* Director David J. Barrett Director; President and Co-Chief Executive Officer: Hearst- Argyle Television, Inc.(2)
13 14
Present Office/Principal Name Occupation or Employment - ---- ------------------------ Richard E. Deems(1)* Director Austin Hearst Director; Vice President: Hearst Entertainment Distribution Division, Hearst Entertainment, Inc.(3) John R. Hearst, Jr.* Director Randolph A. Hearst* Director William R. Hearst, III* Director; Partner: Kleiner, Perkins, Caufield & Byers(4) Harvey L. Lipton(1)* Director Terence G. Mansfield(5) Director; Managing Director: The National Magazine Co., Ltd.(6) Gilbert C. Maurer(1)* Director Mark F. Miller* Director; Executive Vice President: Hearst Magazines Division - Hearst Communications, Inc. Raymond J. Petersen* Director; Executive Vice President: Hearst Magazines Division - Hearst Communications, Inc. Virginia Hearst Randt Director Thomas J. Hughes Vice President; Vice President and Controller: Hearst Communications, Inc. Jodie W. King Vice President and Secretary Richard P. Malloch Vice President; President: Hearst Business Media Group Administrative Division, Hearst Communications, Inc. Bruce L. Paisner Vice President; Executive Vice President: Hearst Entertainment and Syndication Group Administrative Division - Hearst Communications, Inc.(3) Debra Shriver Vice President Alfred C. Sikes Vice President Jonathan E. Thackeray Vice President
14 15
HEARST BROADCASTING John G. Conomikes* President, Director David J. Barrett Vice President, Director; President and Co-Chief Executive Officer: Hearst-Argyle Television, Inc.(2) Ronald J. Doerfler Vice President, Treasurer Victor F. Ganzi* Vice President, Director Jodie W. King Vice President, Secretary Frank A. Bennack, Jr.* Director George R. Hearst, Jr.* Director William R. Hearst, III* Director; Partner: Kleiner, Perkins, Caufield & Byers(4) Gilbert C. Maurer(1)* Director Virginia Hearst Randt Director HEARST HOLDINGS George R. Hearst, Jr.* Chairman of the Board, Chairman of Executive Committee, Director Frank A. Bennack, Jr.* President and Chief Executive Officer, Director Victor F. Ganzi* Executive Vice President and Chief Operating Officer, Director James M. Asher Vice President, Chief Legal and Development Officer Cathleen P. Black Vice President, Director John G. Conomikes* Vice President, Director Ronald J. Doerfler Vice President, Chief Financial Officer and Treasurer Thomas J. Hughes Vice President George B. Irish Vice President, Director Raymond E. Joslin Vice President, Director Jodie W. King Vice President and Secretary
15 16 Richard P. Malloch Vice President Bruce L. Paisner Vice President Debra Shriver Vice President Alfred C. Sikes Vice President Jonathan E. Thackeray Vice President David J. Barrett Director; President and Co-Chief Executive Officer: Hearst-Argyle Television Inc.(2) Millicent H. Boudjakdji* Director Richard E. Deems(1)* Director Austin Hearst Director; Vice President: Hearst Entertainment Distribution Division, Hearst Entertainment, Inc.(3) John R. Hearst, Jr.* Director Randolph A. Hearst* Director William R. Hearst, III* Director; Partner: Kleiner, Perkins, Caufield & Byers(4) Harvey L. Lipton(1)* Director Terence G. Mansfield(5) Director; Managing Director: The National Magazine, Co., Ltd.(6) Gilbert C. Maurer(1)* Director Mark F. Miller* Director Raymond J. Petersen* Director Virginia Hearst Randt Director
(1) Self-employed, non-employed or retired (2) 888 Seventh Avenue New York, NY 10106 (3) 235 E. 45th Street New York, NY 10017 (4) 2750 Sand Hill Road Menlo Park, CA 94025 (5) U.K. Citizen
16 17 (6) National Magazine House 72 Broadwick Street London, England NIV 2BP
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