-----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, UFF4KJZsRe38058pp6OkRYJ/QsDHB3TaPe27i3FScpr6Ptu4yVPFZSJRtg4Tj7qr J8zdvhNgT+REjG1SsJ3OAg== 0001047469-98-003785.txt : 19980206 0001047469-98-003785.hdr.sgml : 19980206 ACCESSION NUMBER: 0001047469-98-003785 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19980205 SROS: NASD GROUP MEMBERS: COLORADO NATIONAL BANK, TTE DAVID T. TICHENOR TRUST GROUP MEMBERS: JEAN T. RUSSELL GROUP MEMBERS: MCHENRY T. TICHENOR, JR CUST. DAVID T. TICHENOR GROUP MEMBERS: MCHENRY T. TICHENOR, JR TTE VOTING TRUST AGREEMENT GROUP MEMBERS: MCHENRY T. TICHENOR, JR. GROUP MEMBERS: MCHENRY T. TICHENOR, SR. GROUP MEMBERS: TICHENOR MCHENRY T GROUP MEMBERS: WARREN W. TICHENOR GROUP MEMBERS: WILLIAM E. TICHENOR SUBJECT COMPANY: 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: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-43975 FILM NUMBER: 98522840 BUSINESS ADDRESS: STREET 1: 100 CRESCENT CT STREET 2: STE 1777 CITY: DALLAS STATE: TX ZIP: 75201- BUSINESS PHONE: 7023673322 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TICHENOR MCHENRY T CENTRAL INDEX KEY: 0001034497 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 CRESCENT COURT, SUITE 1777 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2148558882 SC 13D/A 1 SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1 ) -------- HEFTEL BROADCASTING CORPORATION ------------------------------- (Name of Issuer) Class A Common Stock, $0.001 Par Value -------------------------------------- (Title of Class of Securities) 42279916 -------------- (CUSIP Number) McHenry T. Tichenor, Jr. 100 Crescent Court, Suite 1777 Dallas, Texas 75201 ------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 16, 1998 ------------------------------------- (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-1(b)(3) or (4), check the following box / /. Check the following box if a fee is being paid with this 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 five percent or less 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-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. 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). - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON McHenry T. Tichenor, Sr. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: -0- SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 7,422,644 OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 208,768 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,422,644 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 2 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON McHenry T. Tichenor, Jr. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 82,380 SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 7,422,644 OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,877,336 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,505,024 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 3 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON McHenry T. Tichenor, Jr., as Custodian for David T. Tichenor - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: -0- SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: -0- REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 4 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Colorado National Bank, as Trustee of the David T. Tichenor Trust - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: -0- SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 7,422,644 OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 653,570 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,422,644 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BK - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 5 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON McHenry T. Tichenor, Jr., as Trustee pursuant to a Voting Trust Agreement - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,278 SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,278 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,278 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.004% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 6 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warren W. Tichenor - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 52,460 SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 7,422,644 OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 2,231,778 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,475,104 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 7 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William E. Tichenor - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/ / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: -0- SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 7,422,644 OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,057,116 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,422,644 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 8 of 14 Pages ---------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jean T. Russell - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / / IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: -0- SHARES ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 7,422,644 OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 1,528,916 REPORTING ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,422,644 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / / EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Heftel Broadcasting Corporation Schedule 13D CUSIP No. 42279916 Page 9 of 14 Pages ---------- This Amendment No. 1 to the Statement on Schedule 13D filed jointly by McHenry T. Tichenor, Sr.; McHenry T. Tichenor, Jr., individually, as Custodian for David T. Tichenor and as trustee pursuant to a Voting Trust Agreement ("Tichenor"); the Colorado National Bank, as trustee of the David T. Tichenor Trust; Warren W. Tichenor; William E. Tichenor; and Jean T. Russell (all of the foregoing referred to collectively as the "Filing Parties") (the "Schedule 13D") relates to the Class A Common Stock, par value $0.001 per share (the "Heftel Class A Common Stock"), of Heftel Broadcasting Corporation, a Delaware corporation (the "Company"). The Schedule 13D is amended as follows: ITEM 1. SECURITY AND ISSUER. No amendment. ITEM 2. IDENTITY AND BACKGROUND. (a) - (c). This statement is being filed by McHenry T. Tichenor, Sr.; McHenry T. Tichenor, Jr., individually, as custodian for David T. Tichenor, and as trustee pursuant to a Voting Trust Agreement ("Tichenor"); the Colorado National Bank, as trustee of the David T. Tichenor Trust; Warren W. Tichenor; William E. Tichenor; and Jean T. Russell (the "Filing Parties"). The David T. Tichenor Trust is the successor in interest to David T. Tichenor with respect to the ownership of shares of Heftel Class A Common Stock reported on the Schedule 13D. The Filing Parties are each members of the Tichenor Family and were the principal shareholders or the successors in interest of the principal shareholders in Tichenor Media System, Inc., a Texas corporation ("TMS"), prior to the acquisition of TMS by the Company on February 14, 1997. The Company is a Spanish language radio broadcasting company. The name; residence or business address; present principal occupation or employment; and the name, principal business and address of each corporation or other organization in which such employment is conducted of each Filing Party are set forth on Schedule 1 hereto, which Schedule is incorporated herein by reference. (d) - (f) No amendment. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Not applicable. ITEM 4. PURPOSE OF THE TRANSACTION. Pursuant to that certain Registration Rights Agreement between the Company, McHenry T. Tichenor, Sr., McHenry T. Tichenor, Jr., the David T. Tichenor Trust, Warren W. Tichenor, William E. Tichenor, Jean T. Russell, Jeffrey T. Hinson, and David Lykes dated February 14, 1997 and amended on December 19, 1997, the Colorado National Bank, as trustee of the David T. Tichenor Trust, William E. Tichenor, and Jean T. Russell exercised "piggyback" registration Page 10 of 14 rights in order to sell an aggregate of 575,000 shares of Heftel Class A Common Stock in conjunction with an underwritten public offering by the Company. This Amendment No. 1 to the Schedule 13D also reports various sales, gifts and other dispositions by the Filing Parties as well as four purchases by Warren W. Tichenor for an aggregate of 52,560 shares of Heftel Class A Common Stock which were acquired for investment purposes. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) - (b) On the basis of information contained in the Prospectus Supplement dated January 16, 1998 to the Company and Selling Stockholder Prospectuses dated December 24, 1997 included in the Company's Registration Statement on Form S-3 (SEC File No. 333-42171), the Company has issued and outstanding 35,153,748 shares of Heftel Class A Common Stock. On the basis of such disclosure, the shares of Heftel Class A Common Stock beneficially owned by the Filing Parties subject to the Voting Agreement comprise 21.1% of the issued and outstanding shares of Heftel Class A Common Stock. The shares of Heftel Class A Common Stock held by Tichenor outside of the Voting Agreement comprise less than one percent of the issued and outstanding shares of Heftel Class A Common Stock. All information set forth herein has been adjusted to reflect a two-for-one stock split effected as a stock dividend on December 1, 1997. Each Filing Party beneficially owns the aggregate number and percentage of Heftel Class A Common Stock and has sole voting power, share voting power, sole dispositive power, and shared dispositive power over the number of shares of Heftel Class A Common Stock beneficially owned by such person as set forth below. SHARES BENEFICIALLY OWNED ----------------------- SOLE SHARED SOLE SHARED AGGREGATE VOTING VOTING DISPOSITIVE DISPOSITIVE NAME NUMBER PERCENTAGE POWER POWER POWER POWER - ---- --------- ---------- ------ -------- ----------- ----------- McHenry T. Tichenor, Sr. 7,422,644 21.1 0 7,422,644 208,768 0 McHenry T. Tichenor, Jr. 7,505,024 21.3 82,380 7,422,644 1,877,336 0 McHenry T. Tichenor, Jr., as Custodian for David T. Tichenor 0 0 0 0 0 0 The Colorado National Bank, as trustee of the David T. Tichenor Trust 7,422,644 21.1 0 7,422,644 653,570 0 McHenry T. Tichenor, Jr., as trustee pursuant to a Voting Trust Agreement 1,278 0 0 0 1,278 0 Warren W. Tichenor 7,475,104 21.3 52,460 7,422,644 2,231,778 0 William E. Tichenor 7,422,644 21.1 0 7,422,644 1,057,116 0 Jean T. Russell 7,422,644 21.1 0 7,422,644 1,528,916 0
Page 11 of 14 (c) The transactions of the Filing Parties with respect to shares of Heftel Class A Common Stock since the filing of the Schedule 13D on February 24, 1997 are set forth on Schedule 2 hereto, which Schedule is incorporated herein by reference. (d) None. (e) On or about June 17, 1997, McHenry T. Tichenor, Jr., as Custodian for David T. Tichenor, transfered 809,020 shares of Heftel Class A Common Stock to the Colorado National Bank, as trustee of the David T. Tichenor Trust. As a result, on or about June 17, 1997, McHenry T. Tichenor, Jr., solely in his capacity as Custodian for David T. Tichenor, ceased to be the beneficial owner of more than five percent of shares of Heftel Class A Common Stock. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. On December 19, 1997, the Company, McHenry T. Tichenor, Sr., McHenry T. Tichenor, Jr., the David T. Tichenor Trust, Warren W. Tichenor, William E. Tichenor, Jean T. Russell, Jeffrey T. Hinson, and David Lykes entered into a First Amendment to Registration Rights Agreement (the "First Amendment") which amended the Registration Rights Agreement between the parties dated February 14, 1997. The First Amendment clarified that the registration rights created pursuant the Registration Right Agreement between the parties dated February 14, 1997 were also applicable with respect to an the Company's registration of securities for an offering made on a continuous or delayed basis pursuant to Rule 415 under the Securities Act of 1933, as amended. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 10.1 First Amendment to Registration Rights Agreement among the Company, McHenry T. Tichenor, Sr., McHenry T. Tichenor, Jr., the David T. Tichenor Trust, Warren W. Tichenor, William E. Tichenor, Jean T. Russell, Jeffrey T. Hinson, and David Lykes, dated December 19, 1997 (filed herewith). Exhibit 24.1 Power of Attorney of Warren W. Tichenor (incorporated by reference to Exhibit 24.1 to the Schedule 13D filed by Tichenor dated February 24, 1997). Exhibit 24.2 Power of Attorney of William E. Tichenor (incorporated by reference to Exhibit 24.2 to the Schedule 13D filed by Tichenor dated February 24, 1997). Exhibit 24.3 Power of Attorney of Jean T. Russell (incorporated by reference to Exhibit 24.3 to the Schedule 13D filed by Tichenor dated February 24, 1997). Page 12 of 14 Exhibit 24.4 Power of Attorney of McHenry T. Tichenor, Sr. (filed herewith). Exhibit 99.1 Agreement Among Filing Parties among McHenry T. Tichenor, Sr., McHenry T. Tichenor, Jr., McHenry T. Tichenor, Jr., as Custodian for David T. Tichenor, the Colorado National Bank, as trustee of the David T. Tichenor Trust, Warren W. Tichenor, William E. Tichenor, and Jean T. Russell, dated February 2, 1998 (filed herewith). Page 13 of 14 SIGNATURES 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. Date: February 5, 1998 * /s/ McHenry T. Tichenor, Sr. ------------------------------------------- McHenry T. Tichenor, Sr. /s/ McHenry T. Tichenor, Jr. ------------------------------------------- McHenry T. Tichenor, Jr. /s/ McHenry T. Tichenor, Jr. ------------------------------------------- McHenry T. Tichneor, Jr., as Custodian for David T. Tichenor The David T. Tichenor Trust By: The Colorado National Bank, as trustee By: /s/ Craig V. McGarry ---------------------------------- Name: Craig V. McGarry Title: Senior Vice President /s/ McHenry T. Tichenor, Jr. ------------------------------------------- McHenry T. Tichenor, Jr., as trustee pursuant to a Voting Trust Agreement * /s/ Warren W. Tichenor ------------------------------------------- Warren W. Tichenor * /s/ Warren W. Tichenor ------------------------------------------- William E. Tichenor * /s/ Jean T. Russell ------------------------------------------- Jean T. Russell * By: /s/ McHenry T. Tichenor, Jr. ------------------------------------------- McHenry T. Tichenor, Jr. Attorney-in-Fact Page 14 of 14 SCHEDULE 1 CERTAIN INFORMATION REGARDING FILING PARTIES NAME ADDRESS PRESENT PRINCIPAL OCCUPATION ---- ------- ---------------------------- 1. McHenry T. Tichenor, Sr. Heart Unlimited/KPOZ Radio President of Heart Unlimited; Director of Heftel 5372 Fredericksburg Rd., Suite 240 Broadcasting Corporation San Antonio, Texas 78229 2. McHenry T. Tichenor, Jr. Heftel Broadcasting Corporation President and Chief Executive Officer of Heftel 100 Crescent Court, Suite 1777 Broadcasting Corporation Dallas, Texas 75201 3. The Colorado National Bank 950 17th Street Trustee of the David T. Tichenor Trust Denver, Colorado 80202 4. Warren W. Tichenor 37 Eton Green Circle President of W. W. Tichenor & Co. San Antonio, Texas 78257 5. William E. Tichenor 2933 Westminster Avenue Manages personal investments Dallas, Texas 75205 6. Jean T. Russell 6172 E. Dusty Coyote Circle Manages personal investments Scottsdale, Arizona 85262
SCHEDULE 2 CERTAIN INFORMATION REGARDING TRANSACTIONS OF FILING PARTIES DATE OF NUMBER PRICE NAME OF FILING PERSON TRANSACTION NATURE OF TRANSACTION OF SHARES PER SHARE --------------------- ----------- --------------------- --------- --------- McHenry T. Tichenor, Jr. 04/17/97 Disposition by Gift 30,582 n/a McHenry T. Tichenor, Sr. 04/17/97 Acquisition by Gift 21,366 n/a McHenry T. Tichenor, Sr. 04/17/97 Disposition by Gift 996 n/a Warren W. Tichenor 04/17/97 Disposition by Gift 996 n/a William E. Tichenor 04/17/97 Disposition by Gift 996 n/a Jean T. Russell 04/17/97 Disposition by Gift 996 n/a McHenry T. Tichenor, Jr. 06/30/97 Disposition by Gift 880 n/a William E. Tichenor 07/03/97 Disposition by Gift 440 n/a William E. Tichenor 07/11/97 Disposition by Gift 320 n/a McHenry T. Tichenor, Sr. 08/13/97 Sale 12,250 $33.69 William E. Tichenor 08/14/97 Sale 86,400 $34.05 McHenry T. Tichenor, Jr. 08/29/97 Disposition by Gift 10,000 n/a William E. Tichenor 09/02/97 Sale 4,000 $32.00 William E. Tichenor 09/02/97 Sale 16,000 $32.07 William E. Tichenor 09/02/97 Sale 50,000 $32.44 William E. Tichenor 09/05/97 Sale 20,000 $31.75 William E. Tichenor 09/08/97 Sale 20,000 $31.50 William E. Tichenor 09/09/97 Sale 40,000 $31.50 The Colorado National Bank, as trustee of the David T. Tichenor Trust 09/10/97 Sale 10,450 $31.63 William E. Tichenor 09/12/97 Sale 10,000 $32.00 William E. Tichenor 09/12/97 Sale 12,000 $32.13 The Colorado National Bank, as trustee of the David T. Tichenor Trust 09/19/97 Sale 10,000 $32.75 Warren W. Tichenor 10/01/97 Purchase 6,400 $38.09 William E. Tichenor 10/16/97 Sale 4,000 $38.00 William E. Tichenor 10/21/97 Sale 30,000 $37.56 William E. Tichenor 11/03/97 Sale 20,000 $33.38 William E. Tichenor 11/05/97 Sale 20,000 $33.56 William E. Tichenor 11/05/97 Sale 20,000 $33.38 William E. Tichenor 11/06/97 Sale 50,000 $35.20 William E. Tichenor 11/07/97 Sale 30,000 $37.55 William E. Tichenor 11/17/97 Sale 20,000 $35.50 NAME OF FILING PERSON TRANSACTION NATURE OF TRANSACTION OF SHARES PER SHARE --------------------- ----------- --------------------- --------- --------- William E. Tichenor 11/21/97 Sale 5,000 $37.06 William E. Tichenor 11/25/97 Sale 10,000 $36.88 Jean T. Russell 11/25/97 Sale 9,000 $36.75 William E. Tichenor 11/26/97 Sale 10,000 $37.00 Jean T. Russell 11/26/97 Sale 9,200 $36.75 William E. Tichenor 11/28/97 Sale 30,000 $37.25 Warren W. Tichenor 11/28/97 Purchase 60 $37.13 William E. Tichenor 12/02/97 Sale 10,000 $41.75 William E. Tichenor 12/08/97 Sale 10,000 $43.88 William E. Tichenor 12/08/97 Sale 8,000 $44.56 McHenry T. Tichenor, Sr. 12/08/97 Sale 1,000 $44.38 William E. Tichenor 12/09/97 Sale 10,000 $44.75 McHenry T. Tichenor, Sr. 12/09/97 Sale 23,000 $43.50 William E. Tichenor 12/30/97 Sale 20,000 $45.34 William E. Tichenor 12/30/97 Sale 10,000 $46.00 Warren W. Tichenor 01/16/98 Purchase 40,000 $41.50 Warren W. Tichenor 01/16/98 Purchase 6,000 $42.44 William E. Tichenor 01/16/98 Sale 75,000 $39.75 The Colorado National Bank, as trustee of the David T. Tichenor Trust 01/16/98 Sale 135,000 $39.75 Jean T. Russell 01/16/98 Sale 280,000 $39.75 William E. Tichenor 01/23/98 Sale 20,000 $45.19
EX-10.1 2 EXHIBIT 10.1 Exhibit 10.1 FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT THIS FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT dated as of December 19, 1997 (this "First Amendment") by and among Heftel Broadcasting Corporation, a Delaware corporation (the "Company"), McHenry T. Tichenor, Sr., McHenry T. Tichenor, Jr., Warren W. Tichenor, William E. Tichenor, Jean T. Russell, The David T. Tichenor Trust, Jeffrey T. Hinson and David D. Lykes. RECITALS A. The parties hereto are original parties to, or successors in interest to original parties to, that certain Registration Rights Agreement dated as of February 14, 1997 (the "Existing Agreement") and constitute all of the "Holders" thereunder. B. Prime II Management, L.P., PrimeComm, L.P., Alta Subordinated Debt Partners and Richard A. Del Castillo were parties to the Existing Agreement but no longer own any Registrable Securities (as defined in the Existing Agreement) and are no longer "Original Holders" or "Holders" under the Existing Agreement. C. David T. Tichenor has transferred all of his Registrable Securities to The David T. Tichenor Trust, which remains subject to the Existing Agreement. D. The Company has registered 700,000 shares of Registrable Securities in a shelf Registration Statement (File No. 333-42171) filed pursuant to Rule 415 of the Securities Act with the Securities and Exchange Commission on December 12, 1997. E. The Company and the Holders desire to amend the Existing Agreement to, among other things, (i) shorten to 10 days the notice period for equity offerings subject to piggyback registration rights and (ii) clarify that piggyback rights apply to certain equity offerings relating to registration statements filed pursuant to Rule 415 of the Securities Act (as defined in the Existing Agreement), i.e., shelf registration statements. NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: SECTION 1. DEFINITIONS. Capitalized terms used in this First Amendment and not otherwise defined herein shall have the meanings assigned thereto in the Existing Agreement. SECTION 2. AMENDMENT OF THE DEFINITION OF "REGISTRABLE SECURITIES". The definition of "Registrable Securities" is hereby amended as follows: (i) to replace the word "or" immediately before the clause "(f)" with a comma, and (ii) to insert a new clause (g) to read "or (g) the Holder of such Registrable Securities shall have terminated in writing to the Company all registration rights with respect to such securities." SECTION 3. ADDITION OF THE DEFINITION OF "REGISTRATION STATEMENT". The definition of "Registration Statement" is hereby added to read in its entirety as follows: "Registration Statement" means that certain Registration Statement (Registration No. 333-42171) filed with the Commission on December 12, 1997, as it may be amended or supplemented from time-to-time. SECTION 4. AMENDMENT OF SECTION 3(a) OF THE EXISTING AGREEMENT. Section 3(a) of the Existing Agreement is hereby amended to read in its entirety as follows: 3(a) Subject to the provisions of this Agreement, if the Company proposes to file (i) a registration statement under the Securities Act or (ii) a prospectus supplement under Rule 424(b) of the Securities Act relating to a registration statement filed pursuant to Rule 415 of the Securities Act, in either case relating solely to a specific offering of any equity securities by the Company for its own account or for the account of any of its equity holders (other than an Exempt Registration Statement), then the Company shall give written notice of such proposed filing to the Holders of the Registrable Securities as soon as practicable (but in no event less than (a) 30 days before the anticipated effective date of such registration statement relating to a specific offering of equity securities or (b) 10 days prior to the first filing of a prospectus supplement under Rule 424(b) of the Securities Act relating to a specific offering of equity securities pursuant to a registration statement filed pursuant to Rule 415 of the Securities Act, as applicable), and such notice shall offer the Piggyback Holders (hereinafter defined) the opportunity to register or offer, as applicable, such number of Registrable Securities as each Piggyback Holder may request (a "Piggyback Registration"). Subject to Section 3(b), the Company shall include in each such Piggyback Registration all Registrable Securities requested to be included in such offering by the Holders receiving notice of the Piggyback Registration (the "Piggyback Holders"). Each Piggyback Holder shall be permitted to withdraw all or part of such Piggyback Holder's Piggyback Securities from a Piggyback Registration at any time prior to (x) the effective date of any registration statement relating solely to a specific offering of equity securities or (y) the date on which an underwriting agreement, placement agreement, selling agent agreement or similar agreement is entered into by the Company for a specific offering of equity securities pursuant to a registration statement filed pursuant to Rule 415 of the Securities Act, as applicable. SECTION 5. AMENDMENT OF SECTION 3(b) OF THE EXISTING AGREEMENT. Section 3(b) of the Existing Agreement is amended to add the following sentence at the end of such Section. This Section 3(b) shall also apply to offerings of equity securities pursuant to a registration statement filed pursuant to Rule 415 of the Securities Act, and in such case any reference in this Section 3(b) to including Registrable Securities in a "registration statement" or in such "registration" or to such securities or similar securities being "registered" shall mean, as the context requires, including such Registrable Securities in the proposed offering, including in any prospectus supplement relating to such offering filed pursuant to 424(b) relating to such offering under such registration statement. SECTION 6. AMENDMENT OF SECTION 4(a) OF THE EXISTING AGREEMENT. Section 4(a) of the Existing Agreement is hereby amended to read in its entirety as follows: 4(a) RESTRICTIONS ON PUBLIC SALE BY HOLDER OF REGISTRABLE SECURITIES. Each Holder of Registrable Securities (whether or not such Registrable Saturates are included in a registration statement pursuant hereto) agrees not to effect any public sale or distribution of Common Stock or securities convertible into or exchangeable or exercisable for Common Stock, including a sale pursuant to Rule 144 under the Securities Act, during the 10 days prior to, and during the 180-day period beginning on the date the Underwriting Agreement is executed by the Underwriters, the Company and any selling shareholders relating to a firm commitment underwritten public offering of Common Stock or securities convertible into, or exchangeable or exercisable for Common Stock, except as part of such registration, if and to the extent requested by the Company in the case of a nonunderwritten public offering or if and to the extent requested by the managing Underwriter or Underwriters in the case of an underwritten public offering. SECTION 7. AMENDMENT OF SECTION 4(b) OF THE EXISTING AGREEMENT. Section 4(b) of the Existing Agreement is hereby amended to read in its entirety as follows: 4(b) RESTRICTIONS ON PUBLIC SALE BY THE COMPANY AND OTHERS. The Company agrees (i) other than pursuant to an Exempt Registration Statement, not to effect any public sale or distribution of any securities similar to those being registered or any securities convertible into or exchangeable or exercisable for such securities, during the 10 days prior to, and during 180-day period (or such lesser period as agreed to by the managing Underwriter or Underwriters of such offering) beginning on the date the Underwriting Agreement, placement agreement, selling agent agreement or similar agreement is executed by the Underwriters or placement agent, as the case may be, the Company and any selling shareholders, unless the sale or distribution is pursuant to such registration statement pursuant to Section 3(b) or the Holders are participating in such registration statement pursuant to Section 3, and such offering was initiated by the Company with respect to the sale of securities by the Company and (ii) that any agreement entered into after the date of this Agreement pursuant to which the Company issues or agrees to issue any privately placed securities shall contain a provision under which holders of such securities agree not to effect any public sale or distribution of any such securities during the period described in (i) above, including a sale pursuant to Rule 144 under the Securities Act (except as part of any such registration, if permitted); PROVIDED, HOWEVER, that the provisions of this paragraph (b) shall not prevent the conversion or exchange of any securities pursuant to their terms into or for other securities. SECTION 8. NEW SECTION 15. A new Section 15 is hereby added to read in its entirety as follows: 15. HOLDER SHELF REGISTRATION STATEMENT. Subject to the terms of this Agreement, each Holder who has registered Registrable Securities under the Registration Statement may offer or sell Registrable Securities under the Registration Statement (or any other registration statement filed under Rule 415 of the Securities Act under which Registrable Securities of such holder are registered) only with the prior written approval of the Company. Each Holder who has not registered Registrable Securities in the Registration Statement hereby waives any and all piggyback registration rights under Section 3 of the Agreement that such Holder may have with respect to (i) the filing of the Registration Statement and (ii) the first firmly underwritten public offering of Common Stock pursuant to the Registration Statement (as to which such Holder also waives notice under the Agreement), provided that such waiver will not apply to any such offering commencing after December 31, 1998. Each Holder who has registered Registrable Securities in the Registration Statement hereby agrees that the number of shares of Common Stock that such Holder may request that the Company include in the first firmly underwritten public offering of Common Stock pursuant to the Registration Statement will not exceed the number of shares of Registrable Securities owned by such Holder which are registered in the Registration Statement, provided that such limitation will not apply to any such offering commencing after December 31, 1998. SECTION 9. EFFECTIVENESS. This First Amendment is effective as of the date first above written. SECTION 10. MISCELLANEOUS. This First Amendment may be executed in counterparts, each of which shall be deemed to be an original First Amendment. This First Amendment shall be governed, and construed in accordance with, the internal laws of the State of Texas, without regard to its principles of conflicts. Each reference to the Registration Rights Agreement from and after the date hereof shall be deemed to refer to the Existing Agreement as amended hereby, unless otherwise specifically stated. Except as otherwise expressly amended by this First Amendment, the Existing Agreement is and shall continue to be in full force and effect in accordance with its terms. SECTION 11. CONSENT TO FIRST AMENDMENT TO CLEAR CHANNEL REGISTRATION RIGHTS AGREEMENT; VOTING AGREEMENT. Each of the undersigned consents to the First Amendment to the Clear Channel Registration Rights Agreement in substantially the form attached hereto as Exhibit A. In consideration for Clear Channel consenting to this First Amendment, each of the undersigned stockholders of the Company who is a party to that certain Voting Agreement dated as of July 1, 1996 hereby agrees to vote all shares of Common Stock then owned by such stockholder in favor of a proposal in increase the Company's authorized capital to 150,000,000 shares of Class A (or such other amount as is acceptable to Clear Channel and the Company), both pursuant to the Voting Agreement and at the next stockholders meeting of the Company at which such proposal is presented to the stockholders of the Company for a vote. (SIGNATURE PAGE FOLLOWS) IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by their respective officers thereunto duly authorized as of the date first above written. HEFTEL BROADCASTING CORPORATION By: /s/ McHenry T. Tichenor, Jr. ----------------------------------------- Name: McHenry T. Tichenor, Jr. Title: President and Chief Executive Officer /s/ McHenry T. Tichenor, Sr. -------------------------------------------- McHenry T. Tichenor, Sr. /s/ McHenry T. Tichenor, Jr. -------------------------------------------- McHenry T. Tichenor, Jr. /s/ Warren W. Tichenor -------------------------------------------- Warren W. Tichenor /s/ William E. Tichenor -------------------------------------------- William E. Tichenor THE DAVID T. TICHENOR TRUST By: Colorado National Bank, Trustee By: /s/ Craig V. McGarry ---------------------------------- Name: Craig V. McGarry Title: Senior Vice President /s/ Jean T. Russell -------------------------------------------- Jean T. Russell /s/ Jeffrey T. Hinson -------------------------------------------- Jeffrey T. Hinson /s/ David D. Lykes -------------------------------------------- David D. Lykes EX-24.4 3 EXHIBIT 24.4 Exhibit 24.4 POWER OF ATTORNEY The undersigned hereby appoints McHenry T. Tichenor, Jr. and Jeffrey T. Hinson, and each of them as agent and attorney-in-fact, with the ability to individually act for and on behalf of the undersigned in any lawful way with respect to the following: 1. SCOPE OF AUTHORITY. To execute (i) any and all schedules and amendments thereto which are required to be filed by the undersigned with the Securities Exchange Commission (the "SEC") pursuant to Section 13(d) of the Exchange Act of 1934 (the "Exchange Act") and the Rules and Regulations promulgated thereunder, and (ii) any and all schedules or forms required to be filed by the undersigned pursuant to Section 16 of the Exchange Act and the Rules and Regulations promulgated thereunder including, without limitation, Forms 3, 4, or 5. 2. REVOCATION. This power of attorney may be voluntarily revoked by the undersigned only by filing such written instrument in the county records of Dallas County, State of Texas. 3. GOVERNING LAW. The validity, construction, and interpretation of this Power of Attorney shall be governed by the laws of the State of Texas. Signed this 2nd day of February, 1998. /s/ McHenry T. Tichenor, Sr. ---------------------------------- McHenry T. Tichenor, Sr. EX-99.1 4 EXHIBIT 99.1 Exhibit 99.1 AGREEMENT AMONG FILING PARTIES THIS AGREEMENT is made and entered into on February 2, 1998, by and among McHenry T. Tichenor, Sr.; McHenry T. Tichenor, Jr., individually, as Custodian for David T. Tichenor, and as Trustee pursuant to a Voting Trust Agreement; the Colorado National Bank, as trustee of the David T. Tichenor Trust, Warren W. Tichenor; William E. Tichenor; and Jean T. Russell (collectively referred to herein as the "Filing Parties"). WHEREAS, Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of 1934 (the "Act"), requires that, when a Schedule 13D is filed on behalf of more than one person, an agreement be executed and filed as an exhibit to the Schedule 13D reflecting that the Schedule 13D is being filed on behalf of all such persons: NOW, THEREFORE, in consideration of the premises and the mutual promises stated herein, the Filing Parties hereby agree as follows: 1. Each Filing Party agrees that Amendment No. 1 to the Schedule 13D dated February 24, 1997 (the "Amendment") shall be filed jointly on behalf of all the Filing Parties with respect to the shares of Class A Common Stock, par value $.001 per share, of Heftel Broadcasting Corporation, a Delaware corporation. 2. Each Filing Party acknowledges and agrees that, pursuant to Rule 13d-1(f)(1) under the Act, each Filing Party individually is (i) eligible to use the Schedule 13D and (ii) responsible for the timely filing of the Amendment or any further amendment and for the completeness and accuracy of the information concerning such Filing Party contained in the Amendment or any further amendment. None of the Filing Parties, however, shall be responsible for the completeness or accuracy of information concerning any other Filing Party contained in the Amendment or any further amendment, unless such Filing Party knows or has reason to believe that such information is incomplete or inaccurate. 3. This agreement shall not be assignable by any Filing Party. Any assignment in violation of the foregoing shall be null and void. 4. This agreement shall terminate upon the written notice of termination given by any Filing Party to the other Filing Parties. 5. This agreement may be executed in several counterparts, each of which shall be deemed to be an original copy hereof. IN WITNESS WHEREOF, the undersigned hereby executed this Agreement Among Filing Parties as of the date or dates indicated below. Date: February 2, 1998 * /s/ McHenry T. Tichenor, Sr. -------------------------------------------- McHenry T. Tichenor, Sr. /s/ McHenry T. Tichenor, Jr. -------------------------------------------- McHenry T. Tichenor, Jr. /s/ McHenry T. Tichenor, Jr. -------------------------------------------- McHenry T. Tichneor, Jr., as Custodian for David T. Tichenor The David T. Tichenor Trust By: The Colorado National Bank, as trustee By: /s/ Craig V. McGarry ----------------------------------- Name: Craig V. McGarry Title: Senior Vice President /s/ McHenry T. Tichenor, Jr. -------------------------------------------- McHenry T. Tichenor, Jr., as trustee pursuant to a Voting Trust Agreement * /s/ Warren W. Tichenor -------------------------------------------- Warren W. Tichenor * /s/ Warren W. Tichenor -------------------------------------------- William E. Tichenor * /s/ Jean T. Russell -------------------------------------------- Jean T. Russell * By: /s/ McHenry T. Tichenor, Jr. -------------------------------------------- McHenry T. Tichenor, Jr. Attorney-in-Fact -----END PRIVACY-ENHANCED MESSAGE-----