-----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, FDUVBs0ZgMOiuUtfYl689+f9m23KGsysiz1Osevz/IBjl0pFAXT8GbaE/nU4cwn5 35m9U2UxBPOSclEuO3Scpw== 0000950123-05-005779.txt : 20050506 0000950123-05-005779.hdr.sgml : 20050506 20050506151052 ACCESSION NUMBER: 0000950123-05-005779 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050506 DATE AS OF CHANGE: 20050506 GROUP MEMBERS: HEARST HOLDINGS INC GROUP MEMBERS: THE HEARST CORP 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: 1934 Act SEC FILE NUMBER: 005-45627 FILM NUMBER: 05807603 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 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 SC 13D/A 1 y08771sc13dza.txt AMENDMENT NO.41 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. 41) 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 MAY 3, 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 64,619,688 ----------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 64,619,688 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 64,619,688 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 69.6% - -------------------------------------------------------------------------------- 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 64,619,688 ----------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 64,619,688 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 64,619,688 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 69.6% - -------------------------------------------------------------------------------- 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 64,619,688 ----------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 64,619,688 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 64,619,688 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 69.6% - -------------------------------------------------------------------------------- 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 64,619,688 ----------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ----------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 64,619,688 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 64,619,688 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 69.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO (Testamentary Trust) - -------------------------------------------------------------------------------- 5 SCHEDULE 13D This Amendment No. 41 on Schedule 13D (the "Schedule 13D") relating to shares of Series A Common Stock, $0.01 par value per share ("Series A Common Stock"), of Hearst-Argyle Television, Inc., a Delaware corporation (the "Issuer"), is being filed jointly by The Hearst Corporation, a Delaware corporation ("Hearst"), Hearst Holdings, Inc., a Delaware corporation ("Hearst Holdings") and wholly-owned subsidiary of Hearst, Hearst Broadcasting, Inc., a Delaware corporation ("Hearst Broadcasting") and wholly-owned subsidiary of Hearst Holdings, and The Hearst Family Trust, a testamentary trust (the "Trust," and together with Hearst, Hearst Holdings and Hearst Broadcasting, the "Reporting Persons"), and supplements and amends the statement on Schedule 13D originally filed with the Commission on April 4, 1997 (as amended, the "Statement"). Item 2. Identity and Background. Item 2 is amended as follows: Schedule I hereto sets forth the name, business address and present principal occupation or employment and address of any corporation or other organization in which such employment is conducted, for each of the directors and executive officers of Hearst, Hearst Holdings and Hearst Broadcasting and the trustees of the Trust. Schedule I also sets forth the citizenship of each of the directors and executive officers of Hearst, Hearst Holdings and Hearst Broadcasting and the trustees of the Trust. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The aggregate amount of funds used by Hearst Broadcasting to acquire the shares reported in Item 5(c) was $11,245,227. 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 May 3, 2005, the Reporting Persons owned 22,334,909 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 6 Holdings, Hearst and the Trust are deemed to have beneficial ownership of each of the combined 64,619,688 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 69.6% 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 April 22, 2005, as per the Form 10-Q filed with the Securities and Exchange Commission on May 2, 2005. (c) Since filing Amendment No. 40 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 ($) ---- ----------- ------------------- -------- 3/7/2005 100 25.42 2,542.00 3/7/2005 1,100 25.43 27,973.00 3/7/2005 1,600 25.44 40,704.00 3/7/2005 300 25.45 7,635.00 3/7/2005 5,000 25.46 127,300.00 3/7/2005 4,100 25.47 104,427.00 3/8/2005 300 25.43 7,629.00 3/8/2005 1,100 25.44 27,984.00 3/8/2005 2,200 25.46 56,012.00 3/8/2005 500 25.47 12,735.00 3/9/2005 1,600 25.40 40,640.00 3/9/2005 1,300 25.41 33,033.00 3/9/2005 2,100 25.42 53,382.00 3/9/2005 200 25.43 5,086.00 3/9/2005 3,800 25.44 96,672.00 3/9/2005 6,900 25.45 175,605.00 3/9/2005 1,200 25.46 30,552.00 3/9/2005 4,700 25.47 119,709.00 3/10/2005 100 25.44 2,544.00 3/10/2005 2,200 25.45 55,990.00 3/10/2005 3,200 25.46 81,472.00 3/10/2005 600 25.47 15,282.00 3/11/2005 100 25.43 2,543.00 3/11/2005 100 25.45 2,545.00 3/11/2005 15,000 25.47 382,050.00 3/14/2005 1,400 25.47 35,658.00 3/18/2005 900 25.47 22,923.00 3/24/2005 400 25.46 10,184.00 3/30/2005 600 25.40 15,240.00 3/30/2005 100 25.42 2,542.00 3/30/2005 3,600 25.43 91,548.00
7
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 3/30/2005 13,800 25.44 351,072.00 3/30/2005 11,000 25.45 279,950.00 3/30/2005 1,400 25.46 35,644.00 3/30/2005 2,500 25.47 63,675.00 3/31/2005 2,000 25.46 50,920.00 3/31/2005 4,100 25.47 104,427.00 4/4/2005 3,200 25.42 81,344.00 4/4/2005 1,000 25.44 25,440.00 4/4/2005 6,800 25.45 173,060.00 4/4/2005 1,400 25.46 35,644.00 4/4/2005 3,900 25.47 99,333.00 4/5/2005 600 25.42 15,252.00 4/5/2005 1,400 25.44 35,616.00 4/5/2005 600 25.45 15,270.00 4/5/2005 900 25.46 22,914.00 4/5/2005 2,400 25.47 61,128.00 4/5/2005 100 25.47 2,547.00 4/7/2005 200 25.45 5,090.00 4/7/2005 2,200 25.46 56,012.00 4/7/2005 19,000 25.47 483,930.00 4/12/2005 2,300 25.45 58,535.00 4/12/2005 4,700 25.46 119,662.00 4/12/2005 1,400 25.47 35,658.00 4/13/2005 700 25.47 17,829.00 4/14/2005 800 25.36 20,288.00 4/14/2005 300 25.40 7,620.00 4/14/2005 2,400 25.41 60,984.00 4/14/2005 100 25.42 2,542.00 4/14/2005 200 25.43 5,086.00 4/14/2005 11,600 25.44 295,104.00 4/14/2005 3,600 25.45 91,620.00 4/14/2005 11,200 25.46 285,152.00
8
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 4/14/2005 4,000 25.47 101,880.00 4/15/2005 1,100 25.05 27,555.00 4/15/2005 800 25.08 20,064.00 4/15/2005 600 25.09 15,054.00 4/15/2005 3,400 25.10 85,340.00 4/15/2005 4,500 25.11 112,995.00 4/15/2005 1,300 25.14 32,682.00 4/15/2005 13,300 25.15 334,495.00 4/15/2005 2,600 25.16 65,416.00 4/15/2005 4,200 25.17 105,714.00 4/15/2005 1,900 25.37 48,203.00 4/15/2005 500 25.38 12,690.00 4/15/2005 500 25.43 12,715.00 4/15/2005 1,300 25.45 33,085.00 4/18/2005 400 24.89 9,956.00 4/18/2005 2,000 24.92 49,840.00 4/18/2005 100 24.95 2,495.00 4/18/2005 800 25.03 20,024.00 4/18/2005 4,700 25.04 117,688.00 4/18/2005 6,300 25.05 157,815.00 4/18/2005 100 25.06 2,506.00 4/18/2005 2,800 25.09 70,252.00 4/18/2005 13,400 25.11 336,474.00 4/18/2005 600 25.12 15,072.00 4/18/2005 600 25.13 15,078.00 4/18/2005 1,100 25.14 27,654.00 4/18/2005 1,000 25.15 25,150.00 4/18/2005 1,000 25.16 25,160.00 4/18/2005 2,100 25.17 52,857.00 4/19/2005 300 24.98 7,494.00 4/19/2005 1,400 24.99 34,986.00 4/19/2005 200 25.00 5,000.00
9
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 4/19/2005 1,000 25.02 25,020.00 4/19/2005 8,800 25.03 220,264.00 4/19/2005 3,800 25.04 95,152.00 4/19/2005 3,900 25.05 97,695.00 4/19/2005 400 25.06 10,024.00 4/19/2005 500 25.12 12,560.00 4/19/2005 2,600 25.13 65,338.00 4/19/2005 6,100 25.14 153,354.00 4/19/2005 7,300 25.16 183,668.00 4/20/2005 2,700 24.88 67,176.00 4/20/2005 900 24.90 22,410.00 4/20/2005 2,000 24.91 49,820.00 4/20/2005 500 24.92 12,460.00 4/20/2005 600 24.93 14,958.00 4/20/2005 3,400 24.94 84,796.00 4/20/2005 600 24.95 14,970.00 4/20/2005 4,300 24.96 107,328.00 4/20/2005 700 24.97 17,479.00 4/20/2005 1,200 24.98 29,976.00 4/20/2005 700 24.99 17,493.00 4/20/2005 4,800 25.00 120,000.00 4/20/2005 200 25.02 5,004.00 4/20/2005 200 25.04 5,008.00 4/20/2005 3,200 25.05 80,160.00 4/20/2005 800 25.07 20,056.00 4/20/2005 1,300 25.09 32,617.00 4/20/2005 6,300 25.10 158,130.00 4/20/2005 300 25.11 7,533.00 4/20/2005 500 25.16 12,580.00 4/20/2005 200 25.17 5,034.00 4/21/2005 300 25.08 7,524.00 4/21/2005 1,600 25.09 40,144.00
10
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 4/21/2005 200 25.11 5,022.00 4/21/2005 900 25.12 22,608.00 4/21/2005 3,600 25.13 90,468.00 4/21/2005 300 25.14 7,542.00 4/21/2005 11,400 25.15 286,710.00 4/21/2005 10,200 25.16 256,632.00 4/21/2005 3,100 25.17 78,027.00 4/26/2005 100 24.92 2,492.00 4/26/2005 300 24.93 7,479.00 4/26/2005 400 24.94 9,976.00 4/26/2005 100 24.95 2,495.00 4/26/2005 200 24.96 4,992.00 4/26/2005 100 24.97 2,497.00 4/26/2005 1,000 24.98 24,980.00 4/27/2005 300 24.83 7,449.00 4/27/2005 1,400 24.84 34,776.00 4/27/2005 4,100 24.85 101,885.00 4/27/2005 7,300 24.86 181,478.00 4/27/2005 1,200 24.87 29,844.00 4/27/2005 5,700 24.88 141,816.00 4/27/2005 2,100 24.89 52,269.00 4/27/2005 4,000 24.90 99,600.00 4/27/2005 5,700 24.91 141,987.00 4/27/2005 2,400 24.92 59,808.00 4/27/2005 3,100 24.94 77,314.00 4/27/2005 500 24.95 12,475.00 4/28/2005 1,800 24.86 44,748.00 4/28/2005 200 24.88 4,976.00 4/28/2005 800 24.89 19,912.00 4/28/2005 4,500 24.90 112,050.00 4/28/2005 1,100 24.91 27,401.00 4/28/2005 200 24.92 4,984.00
11
DATE # OF SHARES PRICE PER SHARE ($) COST ($) ---- ----------- ------------------- -------- 4/28/2005 5,200 24.94 129,688.00 4/28/2005 6,000 24.95 149,700.00 4/29/2005 400 24.85 9,940.00 4/29/2005 1,400 24.94 34,916.00 5/3/2005 400 24.76 9,904.00 5/3/2005 4,750 24.77 117,657.50 5/3/2005 150 24.78 3,717.00 5/3/2005 2,900 24.79 71,891.00 5/3/2005 1,250 24.81 31,012.50 5/3/2005 2,050 24.82 50,881.00 5/3/2005 50 24.83 1,241.50 5/3/2005 1,600 24.84 39,744.00 5/3/2005 850 24.85 21,122.50 5/3/2005 300 24.86 7,458.00 5/3/2005 150 24.88 3,732.00 5/3/2005 1,400 24.89 34,846.00 5/3/2005 850 24.90 21,165.00 5/3/2005 400 24.91 9,964.00 5/3/2005 250 24.92 6,230.00 5/3/2005 150 24.94 3,741.00 5/3/2005 2,500 24.95 62,375.00 446,100 $11,245,227.00
12 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. 13 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: May 6, 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: May 6, 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: May 6, 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: May 6, 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. Catherine A. Bostron Secretary 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. Catherine A. Bostron Secretary 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* (3) Director; Partner: Kleiner, Perkins, Caufield & Byers Gilbert C. Maurer* (2) Director Virginia Hearst Randt* Director HEARST HOLDINGS George R. Hearst, Jr.* Chairman of the Board, Director Frank A. Bennack, Jr.* (2) Vice Chairman of the Board, Chairman of Executive Committee, Director Victor F. Ganzi* President, Chief Executive Officer, Director James M. Asher Senior Vice President, Chief Legal and Development Officer Anissa B. Balson* Director David J. Barrett (1) Director; President and Chief Executive Officer: Hearst-Argyle Television, Inc. Cathleen P. Black Senior Vice President, Director; President: Hearst Magazines Division, Hearst Communications, Inc. Catherine A. Bostron Secretary Eve B. Burton Vice President, General Counsel John G. Conomikes* (2) Director Richard E. Deems* (2) Director 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
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