-----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, N9AlbS56htxdc3cFSyh3ccC7odVXadTm/6iJQGqTLBjjfSY/78j7qBrVl+bqL5iH FhrLOHBNv6W/4eq4MHG77w== 0001047469-99-020044.txt : 19990514 0001047469-99-020044.hdr.sgml : 19990514 ACCESSION NUMBER: 0001047469-99-020044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990430 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEFTEL BROADCASTING CORP CENTRAL INDEX KEY: 0000922503 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 990113417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24516 FILM NUMBER: 99620038 BUSINESS ADDRESS: STREET 1: 3102 OAK LAWN AVENUE STREET 2: STE 215 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 2145257700 MAIL ADDRESS: STREET 1: 3102 OAK LAWN AVENUE STREET 2: SUITE 215 CITY: DALLAS STATE: TX ZIP: 75219 8-K 1 8-K FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 30, 1999 HEFTEL BROADCASTING CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-24516 99-0113417 (State or other jurisdiction (Commission File Number) (IRS Employer incorporation) Identification No.) 3102 Oak Lawn Avenue, Suite 215 75219 Dallas, Texas (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code: (214) 525-7700 ------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5 ACQUISITION OR DISPOSITION OF ASSETS ------------------------------------ On April 30, 1999, Heftel Broadcasting Corporation (the "Company") acquired the assets of KISF(FM) serving the Las Vegas market for $20.3 million from Radio Vision, Inc. and George E. Tobin. The assets acquired consist of items of broadcasting and technical equipment utilized in the transmission of radio signals, Federal Communications Commission licenses and other items of personal property associated with the operations of the broadcast facility. The Company borrowed $20.0 million from its $300.0 million revolving credit agreement and used $0.3 million of cash generated from operating activities to fund the acquisition. The assets acquired by the Company were utilized by Radio Vision, Inc. and George E. Tobin for the purpose of radio broadcasting. The Company intends to continue such use. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS EXHIBIT 10.1 Asset Purchase Agreement, dated March 1, 1999, by and between Radio Vision, Inc. and George E. Tobin and Heftel Broadcasting Corporation (incorporated by reference to Exhibit 10.25 to the Registrant's Form 10-K filed on March 31, 1999). SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Heftel Broadcasting Corporation ------------------------------- (Registrant) By: /s/ Jeffrey T. Hinson ----------------------- Name: Jeffrey T. Hinson Title: Chief Financial Officer Dated: May 13, 1999 1 Index to Exhibits -----------------
Exhibit No. Description - ---------- ----------- 10.1 Asset Purchase Agreement, dated March 1, 1999, by and between between Radio Vision, Inc. and George E. Tobin and Heftel Broadcasting Corporation (incorporated by reference to Exhibit 10.25 to the Registrant's Form 10-K filed on March 31, 1999).
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