-----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, Ve0qJjXySJ4JfPHSk2FG/JHAD8LLBRCfQCLnFMezWU5kHs5gDe3pnQy7kds8AeYl WsGlPNjCndIwDTmZu5Fpww== 0000950123-04-008940.txt : 20040729 0000950123-04-008940.hdr.sgml : 20040729 20040729160224 ACCESSION NUMBER: 0000950123-04-008940 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040729 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 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: 04939203 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 SC 13D/A 1 y99538sc13dza.txt AMENDMENT NO. 36 TO SCHEDULE 13D 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. 36) 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: KATHLEEN L. WERNER, ESQ. CLIFFORD CHANCE US LLP 31 WEST 52ND STREET NEW YORK, NEW YORK 10019 (212) 878-8000 JULY 28, 2004 (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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------ 8. SHARED VOTING POWER 63,010,347 ------------------------------------------------------------------ 9. SOLE DISPOSITIVE POWER ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 63,010,347 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,010,347 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 66.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- 2 - --------------------- 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------ 8. SHARED VOTING POWER 63,010,347 ------------------------------------------------------------------ 9. SOLE DISPOSITIVE POWER ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 63,010,347 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,010,347 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 66.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- 3 - --------------------- 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------ 8. SHARED VOTING POWER 63,010,347 ------------------------------------------------------------------ 9. SOLE DISPOSITIVE POWER ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 63,010,347 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,010,347 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 66.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- 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 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. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------------------------------------------------------------------ 8. SHARED VOTING POWER 63,010,347 ------------------------------------------------------------------ 9. SOLE DISPOSITIVE POWER ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 63,010,347 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,010,347 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 66.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO (Testamentary Trust) - -------------------------------------------------------------------------------- 5 SCHEDULE 13D This Amendment No. 36 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 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 $8,827,482. Hearst Broadcasting used its working capital to make such purchases. ITEM 4. PURPOSE OF 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 July 27, 2004, the Reporting Persons owned 20,124,029 shares of Series A Common Stock of the Issuer, 41,298,648 shares of Series B Common Stock, 300,000 of the Series A Preferred Securities 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 A Preferred Securities are convertible at the option of Hearst Broadcasting into shares of Series A Subordinated Debentures, on a share-for-share basis, and each of the Series B Preferred Securities are convertible at the option of Hearst Broadcasting into shares of Series B Subordinated Debentures, on a share-for-share basis. Thereafter, each of the Series A Subordinated Debentures are required under the terms thereof to be converted into 601,539 shares of Series A Common Stock and each of 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 63,010,347 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 66.6% of the combined shares of Series A Common Stock, Series 6 B Common Stock and the Subordinated Debentures outstanding of the Issuer, based on the number of outstanding shares as of April 27, 2004, provided to the Reporting Persons by the Issuer. (c) Since filing Amendment No. 35 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 ($) ---- ----------- ------------------- -------- 06/30/04 200 25.70 5,140 07/01/04 2,100 25.71 53,991 07/01/04 100 25.74 2,574 07/01/04 1,900 25.76 48,944 07/01/04 600 25.77 15,462 07/01/04 4,400 25.78 113,432 07/01/04 2,100 25.79 54,159 07/01/04 700 25.80 18,060 07/02/04 1,200 25.69 30,828 07/02/04 800 25.70 20,560 07/02/04 1,900 25.71 48,849 07/02/04 2,300 25.72 59,156 07/02/04 1,600 25.73 41,168 07/02/04 2,000 25.74 51,480 07/02/04 6,100 25.75 157,075 07/07/04 200 25.40 5,080 07/07/04 100 25.41 2,541 07/07/04 900 25.42 22,878 07/07/04 800 25.43 20,344 07/07/04 1,300 25.44 33,072 07/07/04 12,900 25.45 328,305 07/08/04 21,900 25.25 552,975 07/09/04 1,000 24.99 24,990 07/09/04 25,400 25.00 635,000 07/12/04 34,000 25.011 850,374
7
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 07/13/04 34,000 24.83 844,220 07/14/04 100 24.79 2,479 07/15/04 400 23.95 9,580 07/15/04 1,100 23.96 26,356 07/15/04 100 23.97 2,397 07/15/04 400 24.02 9,608 07/15/04 600 24.06 14,436 07/15/04 200 24.07 4,814 07/15/04 1,000 24.08 24,080 07/15/04 400 24.09 9,636 07/15/04 100 24.11 2,411 07/15/04 100 24.13 2,413 07/15/04 300 24.16 7,248 07/15/04 100 24.18 2,418 07/15/04 400 24.23 9,692 07/15/04 200 24.24 4,848 07/15/04 1,200 24.25 29,100 07/15/04 3,200 24.26 77,632 07/15/04 1,200 24.27 29,124 07/15/04 300 24.28 7,284 07/15/04 900 24.31 21,879 07/15/04 800 24.43 19,544 07/15/04 300 24.44 7,332 07/15/04 1,400 24.46 34,244 07/15/04 1,000 24.47 24,470 07/15/04 500 24.49 12,245 07/15/04 400 24.52 9,808 07/15/04 500 24.53 12,265 07/15/04 200 24.54 4,908 07/15/04 700 24.55 17,185
8
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 07/15/04 500 24.56 12,280 07/15/04 200 24.57 4,914 07/15/04 300 24.59 7,377 07/15/04 15,000 24.75 371,250 07/20/04 700 24.48 17,136 07/20/04 300 24.49 7,347 07/21/04 1,400 24.91 34,874 07/22/04 500 24.79 12,395 07/22/04 1,500 24.81 37,215 07/22/04 400 24.83 9,932 07/22/04 1,500 24.84 37,260 07/22/04 1,200 24.85 29,820 07/22/04 300 24.88 7,464 07/22/04 200 24.89 4,978 07/22/04 1,300 24.90 32,370 07/22/04 700 24.91 17,437 07/22/04 500 24.92 12,460 07/22/04 2,300 24.95 57,385 07/22/04 400 24.97 9,988 07/22/04 1,600 24.98 39,968 07/22/04 7,000 24.99 174,930 07/22/04 700 25.04 17,528 07/22/04 400 25.05 10,020 07/22/04 3,100 25.06 77,686 07/22/04 600 25.07 15,042 07/22/04 3,600 25.08 90,288 07/22/04 2,200 25.09 55,198 07/23/04 1,800 24.89 44,802 07/23/04 500 24.93 12,465 07/23/04 300 24.94 7,482
9
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 07/23/04 1,300 24.95 32,435 07/23/04 300 24.97 7,491 07/23/04 2,000 24.98 49,960 07/23/04 4,800 24.99 119,952 07/23/04 700 25.00 17,500 07/23/04 200 25.01 5,002 07/23/04 600 25.02 15,012 07/23/04 300 25.04 7,512 07/23/04 300 25.06 7,518 07/23/04 300 25.07 7,521 07/23/04 600 25.09 15,054 07/23/04 4,500 25.10 112,950 07/23/04 1,600 25.11 40,176 07/23/04 300 25.13 7,539 07/23/04 700 25.15 17,605 07/23/04 700 25.16 17,612 07/23/04 300 25.17 7,551 07/23/04 1,600 25.18 40,288 07/23/04 900 25.19 22,671 07/23/04 3,000 25.20 75,600 07/23/04 600 25.35 15,210 07/23/04 1,800 25.39 45,702 07/26/04 700 24.89 17,423 07/26/04 100 24.90 2,490 07/26/04 300 24.91 7,473 07/26/04 800 24.92 19,936 07/26/04 300 24.95 7,485 07/26/04 300 24.98 7,494 07/26/04 300 25.00 7,500 07/26/04 200 25.04 5,008
10
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 07/26/04 500 25.05 12,525 07/26/04 400 25.07 10,028 07/26/04 600 25.09 15,054 07/26/04 300 25.10 7,530 07/26/04 800 25.12 20,096 07/26/04 700 25.13 17,591 07/26/04 300 25.15 7,545 07/26/04 2,500 25.16 62,900 07/26/04 500 25.17 12,585 07/26/04 100 25.18 2,518 07/26/04 1,500 25.21 37,815 07/26/04 2,700 25.22 68,094 07/26/04 500 25.23 12,615 07/26/04 200 25.24 5,048 07/26/04 500 25.25 12,625 07/26/04 200 25.27 5,054 07/26/04 500 25.30 12,650 07/26/04 1,400 25.32 35,448 07/26/04 1,400 25.34 35,476 07/26/04 2,500 25.39 63,475 07/26/04 1,500 25.40 38,100 07/26/04 3,100 25.41 78,771 07/26/04 100 25.45 2,545 07/26/04 4,200 25.47 106,974 07/27/04 100 24.58 2,458 07/27/04 500 24.61 12,305 07/27/04 300 24.64 7,392 07/27/04 100 24.65 2,465 07/27/04 1,200 24.66 29,592
11
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 07/27/04 400 24.67 9,868 07/27/04 900 24.68 22,212 07/27/04 1,500 24.69 37,035 07/27/04 1,700 24.70 41,990 07/27/04 100 24.72 2,472 07/27/04 400 24.73 9,892 07/27/04 100 24.76 2,476 07/27/04 7,300 24.77 180,821 07/27/04 2,200 24.80 54,560 07/27/04 3,200 24.84 79,488 07/27/04 300 24.88 7,464 07/27/04 300 24.89 7,467 07/27/04 1,300 24.91 32,383 07/27/04 100 24.94 2,494 07/27/04 2,800 24.98 69,944 07/27/04 2,000 24.99 49,980 07/27/04 1,400 25.00 35,000 07/27/04 1,800 25.04 45,072 07/28/04 200 22.82 4,564 07/28/04 400 22.87 9,148 07/28/04 500 22.88 11,440 07/28/04 300 22.90 6,870 07/28/04 100 22.96 2,296 07/28/04 700 22.97 16,079 07/28/04 500 22.99 11,495 07/28/04 400 23.00 9,200 07/28/04 200 23.01 4,602 07/28/04 700 23.03 16,121 07/28/04 1,200 23.04 27,648 07/28/04 100 23.05 2,305
12
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 07/28/04 100 23.08 2,308 07/28/04 600 23.10 13,860 07/28/04 200 23.12 4,624 07/28/04 600 23.13 13,878 07/28/04 400 23.14 9,256 07/28/04 600 23.15 13,890 07/28/04 2,200 23.16 50,952 07/28/04 900 23.17 20,853 07/28/04 1,600 23.19 37,104 07/28/04 600 23.20 13,920 07/28/04 300 23.21 6,963 07/28/04 1,200 23.23 27,876 07/28/04 2,200 23.24 51,128 07/28/04 1,600 23.25 37,200 07/28/04 1,100 23.26 25,586 07/28/04 800 23.27 18,616 07/28/04 2,100 23.28 48,888 07/28/04 5,200 23.29 121,108 07/28/04 1,100 23.30 25,630 07/28/04 900 23.31 20,979 07/28/04 600 23.34 14,004 07/28/04 300 23.41 7,023 07/28/04 100 23.44 2,344 07/28/04 500 23.45 11,725 07/28/04 200 23.61 4,722 07/28/04 300 23.71 7,113 07/28/04 200 23.86 4,772 07/28/04 300 23.90 7,170 07/28/04 1,300 23.98 31,174 07/28/04 300 23.99 7,197
13
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- ---------- 07/28/04 500 24.03 12,015 07/28/04 300 24.05 7,215 07/28/04 100 24.09 2,409 07/28/04 1,200 24.15 28,980 07/28/04 600 24.16 14,496 07/28/04 900 24.18 21,762 07/28/04 200 24.19 4,838 07/28/04 100 24.30 2,430 07/28/04 400 24.40 9,760 TOTAL 355,000 $8,827,482 ======= ==========
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). 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. Between May 1998 and June 2004, the Issuer spent approximately $80.7 million under this program, for which the authorization remains active. 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. 14 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: July 29, 2004 HEARST BROADCASTING, INC. By: /s/Jodie W. King ----------------------------------- Name: Jodie W. King Title: Vice President and Secretary 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: July 29, 2004 HEARST HOLDINGS, INC. By: /s/Jodie W. King ----------------------------------- Name: Jodie W. King Title: Vice President and Secretary 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: July 29, 2004 THE HEARST CORPORATION By: /s/Jodie W. King ---------------------------------- Name: Jodie W. King Title: Vice President and Secretary 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: July 29, 2004 THE HEARST FAMILY TRUST By: /s/Mark F. Miller ---------------------------------- Name: Mark F. Miller Title: Trustee -----END PRIVACY-ENHANCED MESSAGE-----