-----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, NsOFQ/8dByxMn6zNV6YS1Q4t2IxQpYtrQJ25A8VwxqjnLmtd/DRWnsKnlQ+JZeZO lp+h3yvMigjFVOl3l/PEPg== 0000950123-05-000019.txt : 20050103 0000950123-05-000019.hdr.sgml : 20041231 20050103161421 ACCESSION NUMBER: 0000950123-05-000019 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050103 DATE AS OF CHANGE: 20050103 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: 05502724 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 y04353sc13dza.txt AMENDMENT NO.39 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. 39) 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 DECEMBER 31, 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. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------------------------------------------- 8. SHARED VOTING POWER 63,750,788 ------- ---------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------ ------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.74% - ------------ ------------------------------------------------------------------------------------------------------- 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. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------------------------------------------- 8. SHARED VOTING POWER 63,750,788 ------- ---------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------ ------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.74% - ------------ ------------------------------------------------------------------------------------------------------- 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. NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------- ---------------------------------------------------------------------------------- 8. SHARED VOTING POWER 63,750,788 ------- ---------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------ ------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.74% - ------------ ------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ============ =======================================================================================================
4 CUSIP No. 422317 10 7 13D 7 ============ ======================================================================================================= 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 63,750,788 ------- ---------------------------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ------- ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,750,788 - ------------ ------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------ ------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.74% - ------------ ------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO (Testamentary Trust) ============ =======================================================================================================
5 SCHEDULE 13D This Amendment No. 39 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 Hearst's directors and executive officers and the trustees of the Trust. Schedule I also sets forth the citizenship of each of Hearst's directors and executive officers 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 $9,436,346. Hearst Broadcasting used its working capital to make such purchases. The aggregate amount of funds received by Hearst Broadcasting in connection with the redemption of Series A Preferred Securities by the Issuer was $15,787,500. 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. In addition, as reported in Item 6(ii) of this Amendment No. 39, on December 31, 2004, the Issuer caused its wholly owned subsidiary, Hearst-Argyle Capital Trust ("Capital Trust"), to redeem all of the 7.5% Series A Convertible Preferred Securities, due 2016 (the "Series A Preferred Securities") held by Hearst Broadcasting. The Series A Preferred Securities were issued pursuant to a Securities Purchase Agreement dated December 20, 2001 between the Issuer, Hearst-Argyle Capital Trust, a wholly owned subsidiary of the Issuer ("Capital Trust"), Hearst Broadcasting and certain other purchasers named therein. Pursuant to the Securities Purchase Agreement, Capital Trust issued and sold to Hearst Broadcasting an aggregate of 300,000 shares of Series A Preferred Securities and an aggregate of 500,000 shares of Capital Trust's 7.5% Series B Convertible Preferred Securities, due 6 2021 (the "Series B Preferred Securities" and, together with the Series A Preferred Securities, the "Preferred Securities"). ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) As of the close of business on December 31, 2004 (after giving effect to the redemption described in Item 4), the Reporting Persons owned 21,466,009 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 shares of Series B Subordinated Debentures, on a share-for-share basis. Thereafter, 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 63,750,788 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 68.74% 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 October 22, 2004, as per the Form 10-Q filed with the Securities and Exchange Commission on October 29, 2004. (c) Since filing Amendment No. 38 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 ($) - -------- ----------- ------------------- -------- 9/28/04 3,200 23.99 76,768 9/28/04 8,200 23.98 196,636 9/28/04 2,500 23.97 59,925 9/28/04 300 23.96 7,188 9/28/04 1,500 23.95 35,925 9/28/04 2,300 23.94 55,062 9/29/04 800 24.15 19,320 9/29/04 1,500 24.12 36,180 9/29/04 1,000 24.11 24,110
7
DATE # OF SHARES PRICE PER SHARE ($) COST ($) - -------- ----------- ------------------- -------- 9/29/04 4,680 24.10 112,788 9/29/04 2,700 24.09 65,043 9/29/04 200 24.08 4,816 9/29/04 500 24.06 12,030 9/29/04 2,500 24.05 60,125 9/29/04 1,200 24.03 28,836 9/30/04 500 24.47 12,235 9/30/04 1,200 24.41 29,292 9/30/04 4,000 24.36 97,440 9/30/04 7,500 24.32 182,400 9/30/04 1,000 24.31 24,310 9/30/04 2,900 24.28 70,412 9/30/04 400 24.27 9,708 9/30/04 500 24.23 12,115 9/30/04 600 24.13 14,478 10/01/04 200 24.85 4,970 10/01/04 3,300 24.84 81,972 10/01/04 1,700 24.82 42,194 10/01/04 800 24.80 19,840 10/01/04 2,100 24.79 52,059 10/01/04 3,000 24.78 74,340 10/01/04 1,800 24.76 44,568 10/01/04 200 24.75 4,950 10/01/04 1,000 24.74 24,740 10/01/04 1,400 24.73 34,622 10/01/04 800 24.72 19,776 10/01/04 1,600 24.64 39,424 10/01/04 100 24.62 2,462 10/01/04 200 24.60 4,920 10/01/04 200 24.59 4,918 10/01/04 1,200 24.55 29,460
8
DATE # OF SHARES PRICE PER SHARE ($) COST ($) - -------- ----------- ------------------- -------- 10/01/04 200 24.52 4,904 10/01/04 400 24.47 9,788 10/04/04 3,000 25.02 75,060 10/04/04 1,000 25.03 25,030 10/04/04 2,300 25.01 57,523 10/04/04 5,000 24.99 124,950 10/04/04 1,500 25.10 37,650 10/04/04 1,700 25.00 42,500 10/04/04 1,500 24.96 37,440 10/04/04 1,000 24.87 24,870 10/05/04 300 25.02 7,506 10/05/04 8,100 25.05 202,905 10/05/04 3,900 25.04 97,656 10/05/04 5,000 24.99 124,950 10/05/04 900 25.00 22,500 10/05/04 100 24.98 2,498 10/05/04 400 24.84 9,936 10/05/04 1,500 24.90 37,350 10/05/04 500 24.93 12,465 10/05/04 500 24.97 12,485 10/06/04 3,200 24.84 79,488 10/06/04 4,200 24.89 104,538 10/06/04 9,600 24.85 238,560 10/06/04 1,300 24.79 32,227 10/06/04 1,500 24.73 37,095 10/06/04 2,000 24.74 49,480 10/06/04 1,200 24.71 29,652 10/06/04 1,000 24.87 24,870 10/07/04 8,000 24.90 199,200 10/07/04 1,500 24.89 37,335 10/07/04 1,400 24.85 34,790
9
DATE # OF SHARES PRICE PER SHARE ($) COST ($) - -------- ----------- ------------------- -------- 10/07/04 900 24.88 22,392 10/07/04 1,500 24.82 37,230 10/07/04 1,100 24.80 27,280 10/07/04 1,000 24.78 24,780 10/08/04 21,000 25.01 525,210 10/08/04 1,100 25.05 27,555 10/08/04 500 25.08 12,540 10/08/04 5,500 25.00 137,500 10/08/04 1,000 24.99 24,990 10/08/04 4,000 24.98 99,920 10/08/04 1,400 24.95 34,930 10/08/04 2,000 24.97 49,940 10/08/04 500 24.90 12,450 10/11/04 900 25.05 22,545 10/11/04 3,500 25.05 87,675 10/11/04 2,500 25.04 62,600 10/11/04 200 25.03 5,006 10/11/04 500 25.02 12,510 10/11/04 500 25.01 12,505 10/11/04 100 25.00 2,500 10/11/04 2,600 25.00 65,000 10/11/04 3,300 24.99 82,467 10/11/04 100 24.98 2,498 10/11/04 200 24.97 4,994 10/11/04 500 24.96 12,480 10/12/04 1,400 25.03 35,042 10/12/04 800 24.95 19,960 10/12/04 1,200 24.96 29,952 10/12/04 1,700 24.97 42,449 10/12/04 1,300 24.93 32,409 10/12/04 700 24.94 17,458
10
DATE # OF SHARES PRICE PER SHARE ($) COST ($) - -------- ----------- ------------------- -------- 10/12/04 200 24.91 4,982 10/12/04 200 24.90 4,980 10/12/04 700 24.92 17,444 10/12/04 900 25.01 22,509 10/12/04 1,000 25.02 25,020 10/13/04 800 25.10 20,080 10/13/04 1,100 25.06 27,566 10/13/04 100 25.05 2,505 10/13/04 2,000 25.09 50,180 10/13/04 600 25.14 15,084 10/13/04 4,500 25.16 113,220 10/13/04 4,900 25.15 123,235 10/13/04 900 25.20 22,680 10/13/04 100 25.19 2,519 10/14/04 100 24.77 2,477 10/14/04 6,000 24.78 148,680 10/14/04 4,000 24.76 99,040 10/14/04 1,000 24.84 24,840 10/14/04 4,000 24.94 99,760 10/14/04 2,000 24.93 49,860 10/14/04 2,000 24.95 49,900 10/14/04 10,000 24.98 249,800 10/14/04 4,000 25.06 100,240 10/15/04 1,800 24.94 44,892 10/15/04 7,000 24.95 174,650 10/15/04 600 24.91 14,946 10/15/04 100 24.85 2,485 10/15/04 1,000 24.87 24,870 10/15/04 4,000 24.75 99,000 10/15/04 4,000 24.74 98,960
11
DATE # OF SHARES PRICE PER SHARE ($) COST ($) - -------- ----------- ------------------- -------- 10/18/04 2,000 25.14 50,280 10/18/04 14,400 25.24 363,456 10/18/04 1,100 25.23 27,753 10/18/04 1,000 25.03 25,030 10/18/04 1,000 24.89 24,890 10/18/04 3,000 24.98 74,940 10/18/04 4,000 24.95 99,800 10/19/04 4,000 25.11 100,440 10/19/04 1,000 25.08 25,080 10/19/04 1,000 25.15 25,150 10/19/04 1,500 25.20 37,800 10/19/04 3,500 25.09 87,815 10/19/04 3,200 25.10 80,320 10/19/04 1,500 25.13 37,695 10/19/04 500 25.30 12,650 10/20/04 100 24.95 2,495 10/20/04 1,900 24.97 47,443 10/20/04 2,500 24.99 62,475 10/20/04 2,000 25.04 50,080 10/20/04 2,000 25.00 50,000 10/20/04 3,000 25.05 75,150 10/20/04 500 24.94 12,470 10/21/04 2,000 24.97 49,940 10/21/04 1,500 25.05 37,575 10/21/04 600 25.04 15,024 10/21/04 400 24.90 9,960 10/21/04 3,500 24.94 87,290 10/22/04 1,000 25.08 25,080 10/22/04 2,000 25.12 50,240 10/22/04 1,000 25.19 25,190 10/22/04 1,900 25.17 47,823
12
DATE # OF SHARES PRICE PER SHARE ($) COST ($) - -------- ----------- ------------------- ------------ 10/22/04 100 25.13 2,513 10/22/04 3,000 25.05 75,150 10/22/04 1,500 25.10 37,650 10/25/04 5,000 25.25 126,250 10/25/04 1,000 25.26 25,260 10/25/04 1,500 25.29 37,935 10/25/04 6,000 25.27 151,620 10/25/04 2,100 25.18 52,878 10/25/04 1,900 25.06 47,614 10/25/04 500 25.10 12,550 10/26/04 1,500 25.35 38,025 10/26/04 1,000 25.27 25,270 10/26/04 5,000 25.28 126,400 10/26/04 2,000 25.26 50,520 10/26/04 300 25.30 7,590 10/26/04 200 25.29 5,058 379,280 $9,436,346
In addition, on December 31, 2004 the Issuer caused its wholly owned subsidiary, Capital Trust, to redeem its Series A Preferred Securities, including the 300,000 Series A Preferred Securities held by Hearst Broadcasting for a redemption price of $15,787,500. 13 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. (i) 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. 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. (ii) On December 20, 2001, the Issuer entered into a Securities Purchase Agreement, with Capital Trust, Hearst Broadcasting and certain other purchasers named therein. The Securities Purchase Agreement provided, among other things, that (i) Capital Trust issue and sell an aggregate of 4,000,000 of its 7.5% Convertible Preferred Securities, in two series, consisting of its Series A Preferred Securities, and of its Series B Preferred Securities, and (ii) Capital Trust apply the proceeds of the sale of Preferred Securities to the purchase of 7.5% Convertible Junior Subordinated Deferrable Interest Debentures, Series A, due 2016, and 7.5% Convertible Junior Subordinated Deferrable Interest Debentures, Series B, due 2021, of the Issuer. 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: January 3, 2005 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: January 3, 2005 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: January 3, 2005 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: January 3, 2005 THE HEARST FAMILY TRUST By: /s/ Mark F. Miller ------------------------ Name: Mark F. Miller 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 ("*"). 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 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. Eve B. Burton Vice President, General Counsel John G. Conomikes* (2) Director Richard E. Deems* (2) Director Ronald J. Doerfler Senior Vice President, Chief Financial Officer, Treasurer, Director 1 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 William R. Hearst, III* (3) Director; Partner: Kleiner, Perkins, Caufield & Byers Thomas J. Hughes Vice President George B. Irish Senior Vice President, Director; President: Hearst Newspapers Division, Hearst Communications, Inc. Jodie W. King Vice President, Secretary 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* Director, Vice President; Executive Vice President: Hearst Magazines Division, Hearst Communications, Inc. 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. Virginia Hearst Randt* Director Debra Shriver Vice President HEARST BROADCASTING John G. Conomikes* President, Director 2 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 Jodie W. King Vice President, Secretary Frank A. Bennack, Jr.* Director George R. Hearst, Jr.* Director William R. Hearst, III* (4) 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 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. Eve B. Burton Vice President, General Counsel John G. Conomikes* (2) Director Richard E. Deems* (2) Director Ronald J. Doerfler Senior Vice President, Chief Financial Officer, Treasurer, Director 3 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 William R. Hearst, III* (3) Director; Partner: Kleiner, Perkins, Caufield & Byers Thomas J. Hughes Vice President George B. Irish Senior Vice President, Director; President: Hearst Newspapers Division, Hearst Communications, Inc. Jodie W. King Vice President, Secretary 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* Director, Vice President; Executive Vice President: Hearst Magazines Division, Hearst Communications, Inc. 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. Virginia Hearst Randt* Director Debra Shriver Vice President 4 - ---------------------------------------- (1) 888 Seventh Avenue New York, NY 10106 (2) Self-employed, non-employed or retired (3) 2750 Sand Hill Road Menlo Park, CA 94025 (4) 5 Third Street Suite 200 San Francisco, CA 94103 5 -----END PRIVACY-ENHANCED MESSAGE-----