0000950123-05-002639.txt : 20120628
0000950123-05-002639.hdr.sgml : 20120628
20050304171923
ACCESSION NUMBER: 0000950123-05-002639
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050304
DATE AS OF CHANGE: 20050304
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: 05662101
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
y06396sc13dza.txt
AMENDMENT #40 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. 40)
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
FEBRUARY 24, 2005
(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
64,173,588
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
64,173,588
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,173,588
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.08%
--------------------------------------------------------------------------------
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
64,173,588
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
64,173,588
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,173,588
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.08%
--------------------------------------------------------------------------------
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
64,173,588
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
64,173,588
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,173,588
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.08%
--------------------------------------------------------------------------------
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
64,173,588
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
64,173,588
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,173,588
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
69.08%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
================================================================================
5
SCHEDULE 13D
This Amendment No. 40 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 $10,761,783. 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.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) As of March 1, 2005, the Reporting Persons owned 21,888,809
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
6
the combined 64,173,588 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 69.08% 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 February 22, 2005, as per the Form 10-K filed with the Securities
and Exchange Commission on March 1, 2005.
(c) Since filing Amendment No. 39 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 ($)
---- ----------- ------------------- --------
1/6/2005 1,300 25.68 33,384
1/6/2005 300 25.70 7,710
1/6/2005 3,100 25.71 79,701
1/6/2005 1,800 25.72 46,296
1/7/2005 100 25.66 2,566
1/7/2005 1,800 25.69 46,242
1/7/2005 2,100 25.70 53,970
1/7/2005 700 25.70 17,990
1/7/2005 4,000 25.71 102,840
1/7/2005 2,600 25.72 66,872
1/10/2005 2,000 25.72 51,440
1/11/2005 400 25.42 10,168
1/11/2005 300 25.43 7,629
1/11/2005 800 25.48 20,384
1/11/2005 2,900 25.49 73,921
1/11/2005 7,500 25.50 191,250
1/11/2005 300 25.51 7,653
1/11/2005 4,700 25.52 119,944
1/11/2005 4,800 25.53 122,544
1/11/2005 2,600 25.54 66,404
7
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
1/11/2005 2,100 25.55 53,655
1/12/2005 200 25.38 5,076
1/12/2005 200 25.39 5,078
1/12/2005 200 25.40 5,080
1/12/2005 2,600 25.41 66,066
1/12/2005 2,300 25.43 58,489
1/12/2005 800 25.44 20,352
1/12/2005 200 25.46 5,092
1/12/2005 2,700 25.47 68,769
1/12/2005 500 25.48 12,740
1/12/2005 500 25.49 12,745
1/12/2005 3,800 25.50 96,900
1/12/2005 6,800 25.51 173,468
1/12/2005 1,400 25.52 35,728
1/12/2005 4,300 25.53 109,779
1/13/2005 400 25.45 10,180
1/13/2005 900 25.47 22,923
1/13/2005 1,800 25.50 45,900
1/13/2005 2,800 25.52 71,456
1/13/2005 4,000 25.53 102,120
1/13/2005 3,700 25.54 94,498
1/13/2005 2,000 25.55 51,100
1/13/2005 4,000 25.56 102,240
1/13/2005 600 25.57 15,342
1/13/2005 100 25.58 2,558
1/13/2005 1,600 25.59 40,944
1/13/2005 1,900 25.60 48,640
1/13/2005 200 25.61 5,122
1/13/2005 3,000 25.64 76,920
1/14/2005 700 25.48 17,836
1/14/2005 600 25.53 15,318
8
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
1/14/2005 600 25.54 15,324
1/14/2005 400 25.55 10,220
1/14/2005 300 25.57 7,671
1/14/2005 2,400 25.58 61,392
1/14/2005 3,100 25.59 79,329
1/14/2005 1,000 25.60 25,600
1/14/2005 4,900 25.61 125,489
1/14/2005 1,200 25.62 30,744
1/14/2005 5,600 25.63 143,528
1/14/2005 3,400 25.64 87,176
1/14/2005 2,800 25.65 71,820
1/18/2005 400 25.47 10,188
1/18/2005 100 25.48 2,548
1/18/2005 2,200 25.55 56,210
1/18/2005 200 25.57 5,114
1/18/2005 400 25.58 10,232
1/18/2005 500 25.59 12,795
1/18/2005 1,400 25.60 35,840
1/18/2005 600 25.61 15,366
1/18/2005 6,000 25.62 153,720
1/18/2005 1,300 25.63 33,319
1/18/2005 200 25.64 5,128
1/18/2005 3,600 25.65 92,340
1/18/2005 300 25.66 7,698
1/18/2005 9,000 25.67 231,030
1/18/2005 1,200 25.68 30,816
1/18/2005 2,600 25.69 66,794
1/19/2005 700 25.45 17,815
1/19/2005 1,400 25.50 35,700
1/19/2005 2,200 25.52 56,144
1/19/2005 1,100 25.53 28,083
9
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
1/19/2005 3,400 25.54 86,836
1/19/2005 1,400 25.55 35,770
1/19/2005 2,700 25.56 69,012
1/19/2005 1,300 25.57 33,241
1/19/2005 1,000 25.60 25,600
1/19/2005 4,400 25.61 112,684
1/19/2005 700 25.62 17,934
1/19/2005 3,600 25.63 92,268
1/19/2005 700 25.64 17,948
1/19/2005 3,700 25.65 94,905
1/19/2005 300 25.67 7,701
1/19/2005 600 25.68 15,408
1/19/2005 800 25.69 20,552
1/20/2005 200 25.25 5,050
1/20/2005 1,300 25.28 32,864
1/20/2005 2,200 25.29 55,638
1/20/2005 1,600 25.30 40,480
1/20/2005 2,900 25.31 73,399
1/20/2005 1,000 25.32 25,320
1/20/2005 4,400 25.33 111,452
1/20/2005 1,000 25.34 25,340
1/20/2005 3,900 25.35 98,865
1/20/2005 1,400 25.36 35,504
1/20/2005 2,200 25.37 55,814
1/20/2005 700 25.38 17,766
1/20/2005 1,400 25.39 35,546
1/20/2005 400 25.41 10,164
1/20/2005 2,800 25.44 71,232
1/20/2005 2,100 25.47 53,487
1/21/2005 100 25.31 2,531
1/21/2005 100 25.32 2,532
10
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
1/21/2005 400 25.33 10,132
1/21/2005 800 25.35 20,280
1/21/2005 1,300 25.40 33,020
1/25/2005 3,900 25.47 99,333
1/26/2005 200 25.41 5,082
1/26/2005 300 25.42 7,626
1/26/2005 1,300 25.43 33,059
1/26/2005 1,200 25.44 30,528
1/26/2005 3,000 25.45 76,350
1/26/2005 3,400 25.46 86,564
1/26/2005 20,600 25.47 524,682
1/27/2005 2,000 25.35 50,700
1/27/2005 1,000 25.38 25,380
1/27/2005 100 25.39 2,539
1/27/2005 5,000 25.40 127,000
1/27/2005 800 25.43 20,344
1/27/2005 5,400 25.44 137,376
1/27/2005 6,200 25.45 157,790
1/27/2005 4,500 25.46 114,570
1/27/2005 9,000 25.47 229,230
1/28/2005 300 25.33 7,599
1/28/2005 400 25.34 10,136
1/28/2005 4,200 25.35 106,470
1/28/2005 2,700 25.36 68,472
1/28/2005 3,200 25.37 81,184
1/28/2005 7,400 25.38 187,812
1/28/2005 3,500 25.39 88,865
1/28/2005 500 25.40 12,700
1/28/2005 3,000 25.41 76,230
1/28/2005 3,900 25.45 99,255
1/28/2005 800 25.47 20,376
11
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
2/03/2005 100 25.39 2,539
2/03/2005 1,600 25.42 40,672
2/03/2005 100 25.42 2,542
2/03/2005 4,500 25.43 114,435
2/03/2005 2,800 25.44 71,232
2/03/2005 100 25.45 2,545
2/03/2005 3,500 25.45 89,075
2/03/2005 1,100 25.46 28,006
2/03/2005 4,600 25.46 117,116
2/03/2005 1,000 25.47 25,470
2/03/2005 6,500 25.47 165,555
2/04/2005 200 25.40 5,080
2/04/2005 2,700 25.41 68,607
2/04/2005 400 25.42 10,168
2/04/2005 800 25.43 20,344
2/04/2005 11,000 25.44 279,840
2/04/2005 3,900 25.45 99,255
2/04/2005 200 25.46 5,092
2/04/2005 4,800 25.47 122,256
2/07/2005 100 25.34 2,534
2/07/2005 300 25.35 7,605
2/07/2005 300 25.36 7,608
2/07/2005 1,200 25.41 30,492
2/08/2005 300 25.47 7,641
2/23/2005 8,000 25.45 203,600
2/23/2005 700 25.46 17,822
2/23/2005 16,300 25.47 415,161
2/24/2005 200 24.60 4,920
2/24/2005 2,100 24.61 51,681
2/24/2005 900 24.62 22,158
2/24/2005 700 24.63 17,241
12
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
2/24/2005 400 24.65 9,860
2/24/2005 1,300 24.66 32,058
2/24/2005 1,300 24.67 32,071
2/24/2005 500 24.68 12,340
2/24/2005 800 24.69 19,752
2/24/2005 1,500 24.71 37,065
2/24/2005 100 24.73 2,473
2/24/2005 300 24.74 7,422
2/24/2005 1,000 24.75 24,750
2/24/2005 800 24.76 19,808
2/24/2005 300 24.77 7,431
2/24/2005 200 24.78 4,956
2/24/2005 1,100 24.79 27,269
2/24/2005 400 24.80 9,920
2/24/2005 1,300 24.81 32,253
2/24/2005 600 24.82 14,892
2/24/2005 300 24.83 7,449
2/24/2005 1,000 24.84 24,840
2/24/2005 500 24.85 12,425
2/24/2005 100 24.87 2,487
2/24/2005 600 24.89 14,934
2/24/2005 2,200 24.90 54,780
2/24/2005 200 24.91 4,982
2/24/2005 100 24.93 2,493
2/24/2005 100 24.94 2,494
2/24/2005 2,400 24.97 59,928
2/24/2005 1,200 24.98 29,976
2/24/2005 1,100 24.99 27,489
2/24/2005 3,200 25.05 80,160
2/24/2005 200 25.06 5,012
------- -----------
422,800 $10,761,783
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.
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: March 4, 2005
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: March 4, 2005
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: March 4, 2005
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: March 4, 2005
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 ("*").
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
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.
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
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
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
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.
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
---------------------------------
(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