-----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, Axt3ar2fCcgdOs8gh5xfkHo+4E9AnkwGk0rRoTW63SMhu5X0+8IME00nEJi0q1yH +Chuv86WGoKOiqvoWDjSSw== 0000950128-99-000031.txt : 19990202 0000950128-99-000031.hdr.sgml : 19990202 ACCESSION NUMBER: 0000950128-99-000031 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990201 GROUP MEMBERS: CBS BROADCASTING INC. GROUP MEMBERS: CBS CORP GROUP MEMBERS: CBS CORP. GROUP MEMBERS: WESTINGHOUSE CBS HOLDING COM., INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPORTSLINE USA INC CENTRAL INDEX KEY: 0000945688 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 650470894 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-52205 FILM NUMBER: 99518134 BUSINESS ADDRESS: STREET 1: 6340 NW 5TH WAY CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 BUSINESS PHONE: 9543512120 MAIL ADDRESS: STREET 1: 6340 NW 5TH WAY CITY: FT LAUDERDALE STATE: FL ZIP: 33309 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CBS CORP CENTRAL INDEX KEY: 0000106413 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 250877540 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 51 WEST 52ND STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2129754321 MAIL ADDRESS: STREET 1: 51 WEST 52ND STREET CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: WESTINGHOUSE ELECTRIC CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WESTINGHOUSE ELECTRIC & MANUFACTURING CO DATE OF NAME CHANGE: 19710510 SC 13D/A 1 CBS CORPORATION 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) SportsLine USA, Inc. -------------------- (Name of Issuer) Common Stock, par value $0.01 per share --------------------------------------- (Title of Class of Securities) 848934-10-5 ----------- (CUSIP Number) Angeline C. Straka Vice President, Secretary & Deputy General Counsel CBS Corporation 51 West 52nd Street New York, New York 10019 (212) 975-3335 ================================================================================ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 22, 1999 ---------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of less than five percent of such class. See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-l(a) for other parties to whom copies are to be sent. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 12 2 CUSIP NO. 848934-10-5 - ------------------------------------------------------------------------------------------------------------------------------------ (1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person CBS Corporation I.R.S. Identification No. 25-0877540 - ------------------------------------------------------------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (3) SEC Use Only - ------------------------------------------------------------------------------------------------------------------------------------ (4) Source of Funds 00 - ------------------------------------------------------------------------------------------------------------------------------------ (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (6) Citizenship or Place of Organization Pennsylvania - ------------------------------------------------------------------------------------------------------------------------------------ (7) Sole Voting Power Number of Shares Bene- ____________________________________________________ ficially (8) Shared Voting Power Owned by 2,987,063 Each Report- ____________________________________________________ ing Person (9) Sole Dispositive Power With None ____________________________________________________ (10) Shared Dispositive Power 2,987,063 - ------------------------------------------------------------------------------------------------------------------------------------ (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,987,063 - ------------------------------------------------------------------------------------------------------------------------------------ (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 14.6% - ------------------------------------------------------------------------------------------------------------------------------------ (14) Type of Reporting Person CO
Page 2 of 12 3 CUSIP NO. 848934-10-5 - ------------------------------------------------------------------------------------------------------------------------------------ (1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person Westinghouse CBS Holding Company, Inc. I.R.S. Identification No. 25-1776511 - ------------------------------------------------------------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (3) SEC Use Only - ------------------------------------------------------------------------------------------------------------------------------------ (4) Source of Funds 00 - ------------------------------------------------------------------------------------------------------------------------------------ (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 None Shares Bene- _______________________________________________________ ficially (8) Shared Voting Power Owned by 2,987,063 Each Report- _______________________________________________________ ing Person (9) Sole Dispositive Power With None _______________________________________________________ (10) Shared Dispositive Power 2,987,063 - ------------------------------------------------------------------------------------------------------------------------------------ (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,987,063 - ------------------------------------------------------------------------------------------------------------------------------------ (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 14.6% - ------------------------------------------------------------------------------------------------------------------------------------ (14) Type of Reporting Person CO
Page 3 of 12 4 CUSIP NO. 848934-10-5 - ------------------------------------------------------------------------------------------------------------------------------------ (1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person CBS Broadcasting, Inc. I.R.S. Identification No. 13-0590730 - ------------------------------------------------------------------------------------------------------------------------------------ (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (3) SEC Use Only - ------------------------------------------------------------------------------------------------------------------------------------ (4) Source of Funds 00 - ------------------------------------------------------------------------------------------------------------------------------------ (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (6) Citizenship or Place of Organization New York - ------------------------------------------------------------------------------------------------------------------------------------ (7) Sole Voting Power Number of None Shares Bene- _____________________________________________________ ficially (8) Shared Voting Power Owned by 2,987,063 Each Report- _____________________________________________________ ing Person (9) Sole Dispositive Power With None _____________________________________________________ (10) Shared Dispositive Power 2,987,063 - ------------------------------------------------------------------------------------------------------------------------------------ (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,987,063 - ------------------------------------------------------------------------------------------------------------------------------------ (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------------------------------------------------------------ (13) Percent of Class Represented by Amount in Row (11) 14.6% - ------------------------------------------------------------------------------------------------------------------------------------ (14) Type of Reporting Person CO
Page 4 of 12 5 This Amendment No. 2 amends and supplements the statement on Schedule 13D dated January 2, 1998 (the "Schedule 13D") and Amendment No. 1 to Schedule 13D dated June 18, 1998 (the "Amendment No. 1") by CBS Broadcasting, Inc. ("Broadcasting"), a wholly-owned subsidiary of Westinghouse CBS Holding Company, Inc. ("Holding"), which is a wholly-owned subsidiary of CBS Corporation ("CBS"). Item 2. Identity and Background - -------------------------------- The persons filing this statement are: (i) CBS Corporation (CBS), formerly known as Westinghouse Electric Corporation, a Pennsylvania corporation. The address of the principal office and principal business address of CBS is 51 West 52nd Street, New York, NY 10019. CBS conducts its business directly and through various subsidiaries; (ii) Westinghouse CBS Holding Company, Inc., a wholly owned subsidiary of CBS (Holding). The address of the principal office and principal business address of Holding is 51 West 52nd Street, New York, NY 10019; and (iii) CBS Broadcasting, Inc. (Broadcasting), formerly known as CBS, Inc., a wholly owned subsidiary of Holding. The address of the principal office and principal business address of Broadcasting is 51 West 52nd Street, New York, NY 10019. Broadcasting is a party to the Agreement, the Stockholder Agreement and the Co-Sale Agreement, as defined in Items 3 and 4. The operations of CBS, Holding and Broadcasting principally relate to television and radio broadcasting and cable programming. Schedule I of Item 2 is amended by the attached Schedule I, which is a list of the directors and executive officers of CBS, Holding and Broadcasting setting forth the following information with respect to each such person: (a) name; (b) business address; and (c) present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. Except for Robert E. Cawthorn, who is a British citizen, and Jan Leschly, who is a Danish citizen, each person identified on Schedule 1 is a United States citizen. During the last five years, neither CBS, Holding, Broadcasting nor, to the knowledge of CBS, Holding and Broadcasting, any person identified in Schedule 1 hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Page 5 of 12 6 Item 4. Purpose of Transaction - ------------------------------ Item 4 is amended to report that on January 22, 1999, Broadcasting received 558,988 shares of Common Stock from the Issuer pursuant to the Agreement dated as of March 5, 1997 between the Issuer and Broadcasting as amended by Amendment No. 1 to the Agreement (together, the "Agreement") as such Agreement is described in response to Items 3 and 4 and received a warrant from the Issuer pursuant to the Agreements dated as of January 2, 1999 to acquire 380,000 shares of Common Stock at a price of $20.00 per share at any time prior to December 31, 1999. Broadcasting also exercised the 1998 warrant it received pursuant to the Agreement for 380,000 shares of Common Stock of the Issuer at the warrant exercise price of $15.00 per share on December 14, 1998 using general corporate funds. Broadcasting holds shares of Common Stock for investment, and may, from time to time, acquire additional shares and/or dispose of any or all of its shares of Common Stock. Broadcasting, CBS and Holding have no present plans or proposals with respect to the matters set forth in Item (4(b), (c), (d), (e), (f), (g), (h), (i) and (j);) but Broadcasting, CBS and Holding do reserve their right to implement a different course of action at any time in the future, depending upon such criteria as may be significant to Broadcasting, CBS and Holding. Item 5. Interest in Securities of the Issuer. - ---------------------------------------------- 5(a) and (b) As of January 22, 1999, Broadcasting has voting and investment power over 2,607,063 shares of Common Stock held by Broadcasting. Broadcasting also has the right to acquired 380,000 shares of Common Stock under a warrant dated January 2, 1999, which warrant is presently exercisable in whole or part at any time prior to December 31, 1999. CBS and Holding may be deemed to beneficially own all the Common Stock beneficially owned by Broadcasting. In the aggregate, Broadcasting, CBS and Holding share voting and investment power over 2,987,075 shares of Common Stock (including the 380,000 shares covered by the outstanding warrant) or 14.6% of the Common Stock of Issuer as of January 22, 1999 (assuming the exercise of the warrant and assuming 20,440,270 shares of Common Stock outstanding for purposes of this calculation, based on information set forth in the Issuer's Amendment No. 1 to Form S-1 filed with the Securities and Exchange Commission on October 19, 1998 at Registration No. 333-62685 that there were 19,121,282 outstanding shares as of September 30, 1998, plus 938,988 shares issued to Broadcasting since that date as set forth in Item 4 above and the 380,000 under the warrant dated January 2, 1999. Except as described above, neither CBS, Broadcasting, Holding nor, to their knowledge, any person named in Schedule 1 beneficially owns any shares of Common Stock or has effected any transactions in the Common Stock during the past 60 days. 5 (d) None. 5 (e) Not applicable. Item 7. Materials to be Filed as Exhibits - ------------------------------------------ Exhibit 1: Signature authority resolution Page 6 of 12 7 Any information previously included in the Schedule 13D and not revised or modified as described in this Amendment No. 2 remains unchanged. (Signature) After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. February 1, 1999 CBS CORPORATION By:/s/ Angeline C. Straka ---------------------------------- Name: Angeline C. Straka Title: Vice-President & Deputy General Counsel WESTINGHOUSE CBS HOLDING COMPANY, INC. By:/s/ Angeline C. Straka ---------------------------------- Name: Angeline C. Straka Title: Vice-President & Secretary CBS BROADCASTING, INC. By:/s/ Angeline C. Straka ---------------------------------- Name: Angeline C. Straka Title: Vice-President & Secretary Page 7 of 12 8 SCHEDULE 1-A Name, Business Address, and Present Principal Occupation or Employment of the Directors and Executive Officers of CBS Corporation --------------- Directors ---------
Present Principal Occupation and Name and Business Address Address of Employment - ------------------------- --------------------- Robert E. Cawthorn Managing Director, Global Health DLJ Merchant Banking Partners LP Care Partners Donaldson, Lufkin & Jenrette DLJ Merchant Banking Partners LP 401 City Line Avenue, 2nd Floor Donaldson, Lufkin & Jenrette Bala Cynwyd, PA 19004-1122 401 City Line Avenue, 2nd Floor Bala Cynwyd, PA 19004-1122 George H. Conrades Venture Partner Polaris Venture Partners Polaris Venture Partners 1000 Winter Street, #3350 1000 Winter Street, #3350 Waltham, MA 02451 Waltham, MA 02451 Martin C. Dickinson Retired Senior Vice President P. O. Box 7078 Scripps Bank Rancho Santa Fe, CA 92067 P. O. Box 7078 Rancho Santa Fe, CA 92067 William H. Gray III President and Chief Executive Officer The College Fund/UNCF The College Fund/UNCF 8260 Willow Oaks Corporate Drive 8260 Willow Oaks Corporate Drive P. O. Box 10444 Fairfax, VA 22031 Fairfax, VA 22031 Mel Karmazin President & Chief Executive Officer CBS Corporation CBS Corporation 51 W. 57th Street 51 West 57th Street New York, NY 10019 New York, NY 10019 Jan Leschly Chief Executive SmithKline Beecham SmithKline Beecham P. O. Box 7929 P. O. Box 7929 Philadelphia, PA 19101 Philadelphia, PA 19101 David T. McLaughlin Chairman, CBS Corporation The Gallery - Suite 203 Chairman and Chief Executive Officer 46 Newport Road Orion Safety Products New London, NH 03257 P. O. Box 1047 Easton, MD 21601
Page 8 of 12 9 Richard R. Pivirotto President Richard R. Pivirotto Co., Inc. Richard R. Pivirotto Co., Inc. 111 Clapboard Ridge Rd. 111 Clapboard Ridge Rd. Greenwich, CT 06830 Greenwich, CT 06830 Raymond W. Smith Chairman Rothschilds North America, Inc. Rothchilds North America, Inc. 1251 Avenue of the Americas 1251 Avenue of the Americas New York, NY 10020 New York, NY 10020 Paula Stern President The Stern Group, Inc. The Stern Group, Inc. 3314 Ross Place NW 3314 Ross Place NW Washington, DC 20008 Washington, DC 20008 Robert D. Walter Chairman and Chief Executive Officer Cardinal Health, Inc. Cardinal Health, Inc. 5555 Glendon Court 5555 Glendon Court Dublin, OH 43016 Dublin, OH 43016
Executive Officers ------------------ Present Principal Occupation and Name and Business Address Address of Employment - ------------------------- --------------------- Mel Karmazin President & Chief Executive Officer CBS Corporation CBS Corporation 51 W. 57th Street 51 West 57th Street New York, NY 10019 New York, NY 10019 Louis J. Briskman Executive Vice President and General Counsel CBS Corporation CBS Corporation 51 West 52nd Street 51 West 52nd Street New York, NY 10019 New York, NY 10019 Robert G. Freedline Vice President & Controller CBS Corporation CBS Corporation 51 West 52nd Street 51 West 52nd Street New York, NY 10019 New York, NY 10019 Carol V. Savage Vice President and Chief Accounting Officer CBS Corporation CBS Corporation 11 Stanwix Street 11 Stanwix Street Pittsburgh, PA 15222 Pittsburgh, PA 15222
Page 9 of 12 10 Charles W. Pryor, Jr. Vice President President, Energy Systems Business Unit CBS Corporation CBS Corporation 4350 Northern Pike 4350 Northern Pike Monroeville, PA 15146 Monroeville, PA 15146 Fredric G. Reynolds Executive Vice President and Chief Financial Officer CBS Corporation CBS Corporation 51 West 52nd Street 51 West 52nd Street New York, NY 10019 New York, NY 10019 Leslie Moonves President and Chief Executive Officer, CBS Corporation CBS Television 7800 Beverly Boulevard CBS Corporation Los Angeles, CA 90036 7800 Beverly Boulevard Los Angeles, CA 90036
Page 10 of 12 11 SCHEDULE 1-B Name, Business Address, and Present Principal Occupation or Employment of the Directors and Executive Officers of Westinghouse CBS Holding Company, Inc. -------------------------------------- Directors ---------
Present Principal Occupation and Name and Business Address Address of Employment - ------------------------- --------------------- Louis J. Briskman Same as Schedule 1-A Same as Schedule 1-A Fredric G. Reynolds Same as Schedule 1-A Same as Schedule 1-A Executive Officers ------------------ Present Principal Occupation and Name/Title and Business Address Address of Employment - ------------------------------- --------------------- Mel Karmazin President & Chief Executive Officer CBS Corporation CBS Corporation 51 W. 57th Street 51 West 57th Street New York, NY 10019 New York, NY 10019 Louis J. Briskman Executive Vice President and General Counsel CBS Corporation CBS Corporation 51 West 52nd Street 51 West 52nd Street New York, NY 10019 New York, NY 10019 Leslie Moonves President and Chief Executive Officer, CBS Corporation CBS Television 7800 Beverly Boulevard CBS Corporation Los Angeles, CA 90036 7800 Beverly Boulevard Los Angeles, CA 90036 Fredric G. Reynolds Executive Vice President and Chief Financial Officer CBS Corporation CBS Corporation 51 West 52nd Street 51 West 52nd Street New York, NY 10019 New York, NY 10019
Page 11 of 12 12 SCHEDULE 1-C Name, Business Address, and Present Principal Occupation or Employment of the Directors and Executive Officers of CBS Broadcasting Inc. --------------------- Directors ---------
Present Principal Occupation and Name/Title and Business Address Address of Employment - ------------------------------- --------------------- Louis J. Briskman Same as Schedule 1-A Same as Schedule 1-A Fredric G. Reynolds Same as Schedule 1-A Same as Schedule 1-A Executive Officers ------------------ Present Principal Occupation and Name/Title and Business Address Address of Employment - ------------------------------- --------------------- Mel Karmazin Same as Schedule 1-A Executive Vice President Same as Schedule 1-A Louis J. Briskman Same as Schedule 1-A Executive Vice President and General Counsel Same as Schedule 1-A Leslie Moonves Same as Schedule 1-A Executive Vice President Same as Schedule 1-A Fredric G. Reynolds Same as Schedule 1-A Executive Vice President and Chief Financial Officer Same as Schedule 1-A
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