EX-25.1 98 g71580ex25-1.txt STATEMENT OF ELIGIBILITY OF TRUSTEE 1 EXHIBIT 25.1 ================================================================================ FORM T-1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [ ] THE BANK OF NEW YORK (Exact name of trustee as specified in its charter) New York 13-5160382 (State of incorporation (I.R.S. employer if not a U.S. national bank) identification no.) One Wall Street, New York, N.Y. 10286 (Address of principal executive offices) (Zip code) PAXSON COMMUNICATIONS CORPORATION (Exact name of obligor as specified in its charter) Delaware 59-3212788 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) TABLE OF ADDITIONAL REGISTRANTS AMERICA 51, L.P. Delaware 86-0889042 BUD HITS, INC. Florida 65-0912159 BUD SONGS, INC. Florida 65-0897301 CAP COMMUNICATIONS LICENSE OF NEW LONDON, INC. Florida 65-0882807 CAP COMMUNICATIONS OF NEW LONDON, INC. Florida 65-0882805 CAP COMMUNICATIONS, INC. Florida 65-0882809 CHANNEL 66 OF TAMPA, INC. Florida 59-3227857 CLEARLAKE PRODUCTIONS, INC. Florida 65-0863302 COCOLA MEDIA CORPORATION OF FLORIDA Delaware 77-0406411 COCOLA MEDIA CORPORATION OF SAN FRANCISCO, INC. California 77-0448296 DP MEDIA, INC. Florida 59-3227378 DP MEDIA LICENSE OF BATTLE CREEK, INC. Florida 65-0769770 DP MEDIA LICENSE OF BOSTON, INC. Florida 65-0822057 DP MEDIA LICENSE OF MARTINSBURG, INC. Florida 65-0769782 DP MEDIA LICENSE OF MILWAUKEE, INC. Florida 65-0817050
2 DP MEDIA LICENSE OF RALEIGH DURHAM, INC. Florida 65-0769780 DP MEDIA OF BATTLE CREEK, INC. Florida 65-0773604 DP MEDIA OF BOSTON, INC. Florida 65-0829541 DP MEDIA OF MARTINSBURG, INC. Florida 65-0719860 DP MEDIA OF MILWAUKEE, INC. Florida 65-0816378 DP MEDIA OF RALEIGH DURHAM, INC. Florida 65-0733737 DP MEDIA OF ST. LOUIS, INC. Florida 65-0769772 FLAGLER PRODUCTIONS, INC. Florida 65-1118465 HISPANIC BROADCASTING, INC. Florida 59-2537913 IRON MOUNTAIN PRODUCTIONS, INC. Florida 65-1001631 OCEAN STATE TELEVISION, LLC Delaware 06-14832 PAX HITS PUBLISHING, INC Florida 65-0897299 PAX INTERNET, INC. Florida 59-2907133 PAX NET TELEVISION PRODUCTIONS, INC. Florida 65-0830580 PAX NET, INC. Delaware 65-0789886 PAXSON AKRON LICENSE, INC. Florida 65-0611729 PAXSON ALBANY LICENSE, INC. Florida 65-0736665 PAXSON ALBUQUERQUE LICENSE, INC. Florida 65-0813266 PAXSON ATLANTA LICENSE, INC. Florida 59-3291854 PAXSON BIRMINGHAM LICENSE, INC. Florida 65-0688716 PAXSON BOSTON LICENSE, INC. Florida 59-3283741 PAXSON BOSTON-68 LICENSE, INC. Florida 65-0964667 PAXSON BUFFALO LICENSE, INC. Florida 65-0744425 PAXSON CEDAR RAPIDS LICENSE, INC. Florida 65-0744422 PAXSON CHARLESTON LICENSE, INC. Florida 65-0780849 PAXSON CHICAGO LICENSE, INC. Florida 59-3498673 PAXSON COMMUNICATIONS LICENSE COMPANY, LLC Delaware 65-0858700 PAXSON COMMUNICATIONS LPTV, INC. Florida 65-0641981 PAXSON COMMUNICATIONS MANAGEMENT COMPANY, INC. Florida 59-3212233 PAXSON COMMUNICATIONS OF AKRON-23, INC. Florida 65-0611718 PAXSON COMMUNICATIONS OF ALBANY-55, INC. Florida 65-0628627 PAXSON COMMUNICATIONS OF ALBUQUERQUE-14, INC. Florida 65-0766945 PAXSON COMMUNICATIONS OF ATLANTA-14, INC. Florida 59-3235962 PAXSON COMMUNICATIONS OF BIRMINGHAM-44, INC. Florida 65-0688713 PAXSON COMMUNICATIONS OF BOSTON-46, INC. Florida 65-0686132 PAXSON COMMUNICATIONS OF BOSTON-60, INC. Florida 59-3283737 PAXSON COMMUNICATIONS OF BOSTON-68, INC. Florida 65-0918840 PAXSON COMMUNICATIONS OF BUFFALO-51, INC. Florida 65-0744433 PAXSON COMMUNICATIONS OF CEDAR RAPIDS-48, INC Florida 65-0744431 PAXSON COMMUNICATIONS OF CHARLESTON-29, INC. Florida 65-0780847 PAXSON COMMUNICATIONS OF CHICAGO-38, INC. Florida 65-0806274 PAXSON COMMUNICATIONS OF DALLAS-68, INC. Florida 59-3283742 PAXSON COMMUNICATIONS OF DAVENPORT-67, INC. Florida 65-0813879 PAXSON COMMUNICATIONS OF DENVER-59, INC. Florida 65-0603895 PAXSON COMMUNICATIONS OF DES MOINES-39, INC. Florida 65-0813632 PAXSON COMMUNICATIONS OF DETROIT-31, INC. Florida 65-0735187 PAXSON COMMUNICATIONS OF FAYETTEVILLE-62, INC Florida 65-0771647 PAXSON COMMUNICATIONS OF FRESNO-61, INC. Florida 65-0742713 PAXSON COMMUNICATIONS OF GREENSBORO-16, INC. Florida 65-0653894 PAXSON COMMUNICATIONS OF GREENVILLE-38, INC. Florida 65-0813242 PAXSON COMMUNICATIONS OF HONOLULU-66, INC. Florida 65-0754528 PAXSON COMMUNICATIONS OF HOUSTON-49, INC. Florida 76-0461679 PAXSON COMMUNICATIONS OF JACKSONVILLE-21, INC. Florida 65-1004849 PAXSON COMMUNICATIONS OF JACKSONVILLE-35, INC. Florida 65-0922580 PAXSON COMMUNICATIONS OF KANSAS CITY-50, INC. Florida 65-0712686 PAXSON COMMUNICATIONS OF KNOXVILLE-54, INC. Florida 65-0804455
2 3 PAXSON COMMUNICATIONS OF LEXINGTON-67, INC. Florida 65-0826029 PAXSON COMMUNICATIONS OF LOS ANGELES-30, INC. Florida 59-3295991 PAXSON COMMUNICATIONS OF LOUISVILLE-21, INC Florida 65-0917351 PAXSON COMMUNICATIONS OF MEMPHIS-50, INC. Florida 65-0804519 PAXSON COMMUNICATIONS OF MIAMI-35, INC. Florida 65-0471066 PAXSON COMMUNICATIONS OF MINNEAPOLIS-41, INC Florida 59-3295983 PAXSON COMMUNICATIONS OF MOBILE-61, INC. Florida 65-0815802 PAXSON COMMUNICATIONS OF NASHVILLE-28, INC. Florida 65-0744429 PAXSON COMMUNICATIONS OF NEW ORLEANS-49, INC Florida 65-0804451 PAXSON COMMUNICATIONS OF NEW YORK-31, INC Florida 65-0752309 PAXSON COMMUNICATIONS OF NORFOLK-49, INC Florida 65-0814356 PAXSON COMMUNICATIONS OF OKLAHOMA CITY-62, INC. Florida 65-0682182 PAXSON COMMUNICATIONS OF ORLANDO-56, INC. Florida 59-3297996 PAXSON COMMUNICATIONS OF PHILADELPHIA-61, INC. Florida 59-3283731 PAXSON COMMUNICATIONS OF PHOENIX-13, INC. Florida 65-0635181 PAXSON COMMUNICATIONS OF PHOENIX-51, INC. Florida 65-0686052 PAXSON COMMUNICATIONS OF PITTSBURGH-40, INC. Florida 65-0731832 PAXSON COMMUNICATIONS OF PORTLAND-22, INC. Florida 65-0826031 PAXSON COMMUNICATIONS OF PORTLAND-23, INC. Florida 65-0806275 PAXSON COMMUNICATIONS OF PROVIDENCE-69, INC. Florida 65-0643775 PAXSON COMMUNICATIONS OF ROANOKE-38, INC. Florida 65-0741687 PAXSON COMMUNICATIONS OF SACRAMENTO-29, INC. Florida 65-0685880 PAXSON COMMUNICATIONS OF SALT LAKE CITY-30, INC. Florida 65-0717339 PAXSON COMMUNICATIONS OF SAN ANTONIO-26, INC. Florida 65-0826035 PAXSON COMMUNICATIONS OF SAN JOSE-65, INC. Florida 59-3283735 PAXSON COMMUNICATIONS OF SAN JUAN, INC. Florida 58-22195653 PAXSON COMMUNICATIONS OF SCRANTON-64, INC. Florida 65-0735747 PAXSON COMMUNICATIONS OF SEATTLE-33, INC Florida 65-0686130 PAXSON COMMUNICATIONS OF SHREVEPORT-21, INC. Florida 65-0813244 PAXSON COMMUNICATIONS OF SPOKANE-34, INC. Florida 65-0815799 PAXSON COMMUNICATIONS OF ST. CROIX-15, INC. Florida 65-0815807 PAXSON COMMUNICATIONS OF SYRACUSE-56, INC. Florida 65-0795912 PAXSON COMMUNICATIONS OF TAMPA-66, INC. Florida 59-3227558 PAXSON COMMUNICATIONS OF TUCSON-46, INC. Florida 65-0744426 PAXSON COMMUNICATIONS OF TULSA-44, INC. Florida 65-0653898 PAXSON COMMUNICATIONS OF WASHINGTON-66, INC. Florida 65-0735951 PAXSON COMMUNICATIONS OF WAUSAU-46, INC. Florida 65-08317 PAXSON COMMUNICATIONS OF WEST PALM BEACH-67, INC. Florida 65-0823013 PAXSON COMMUNICATIONS TELEVISION, INC. Florida 59-3283729 PAXSON DALLAS LICENSE, INC. Florida 59-3283743 PAXSON DAVENPORT LICENSE, INC. Florida 65-0813875 PAXSON DENVER LICENSE, INC. Florida 65-0645191 PAXSON DES MOINES LICENSE, INC. Florida 65-0813637 PAXSON DETROIT LICENSE, INC. Florida 65-0735190 PAXSON DEVELOPMENT, INC. Florida 65-0860488 PAXSON FAYETTEVILLE LICENSE, INC. Florida 65-0771656 PAXSON FRESNO LICENSE, INC. Florida 65-0742709 PAXSON GREENSBORO LICENSE, INC. Florida 65-0653901 PAXSON GREENVILLE LICENSE, INC. Florida 65-0813243 PAXSON HAWAII LICENSE, INC. Florida 65-0754523 PAXSON HOUSTON LICENSE, INC. Florida 76-0461475 PAXSON JACKSONVILLE LICENSE, INC. Florida 65-0903781 PAXSON JAX LICENSE, INC. Florida 65-1004850 PAXSON KANSAS CITY LICENSE, INC. Florida 65-0712711 PAXSON KNOXVILLE LICENSE, INC. Florida 65-0829210 PAXSON LEXINGTON LICENSE, INC. Florida 65-0826033
3 4 PAXSON LOS ANGELES LICENSE, INC. Florida 59-3295992 PAXSON MERCHANDISING & LICENSING, INC. Florida 65-0926836 PAXSON MIAMI-35 LICENSE, INC. Florida 65-0752329 PAXSON MINNEAPOLIS LICENSE, INC. Florida 59-3295988 PAXSON MOBILE LICENSE, INC. Florida 65-0815806 PAXSON NEW YORK LICENSE, INC. Florida 65-0611721 PAXSON NORFOLK LICENSE, INC. Florida 65-1086982 PAXSON OKLAHOMA CITY LICENSE, INC. Florida 65-0741346 PAXSON ORLANDO LICENSE, INC. Florida 65-0806278 PAXSON PHILADELPHIA LICENSE, INC. Florida 59-3283730 PAXSON PHOENIX LICENSE, INC. Florida 65-0625873 PAXSON PORTLAND LICENSE, INC. Florida 65-0812841 PAXSON PRODUCTIONS, INC. Florida 65-0860490 PAXSON ROANOKE LICENSE, INC. Florida 65-0741692 PAXSON SACRAMENTO LICENSE, INC. Florida 65-0685878 PAXSON SALEM LICENSE, INC Florida 65-0826037 PAXSON SALT LAKE CITY LICENSE, INC. Florida 65-0748582 PAXSON SAN ANTONIO LICENSE, INC. Florida 65-1086981 PAXSON SAN JOSE LICENSE, INC. Florida 59-3283733 PAXSON SCRANTON LICENSE, INC. Florida 65-0735746 PAXSON SEATTLE LICENSE, INC. Florida 65-0686136 PAXSON SHREVEPORT LICENSE, INC. Florida 65-0813247 PAXSON SPOKANE LICENSE, INC. Florida 65-0815800 PAXSON SPORTS OF MIAMI, INC. Florida 59-3227303 PAXSON ST. CROIX LICENSE, INC. Florida 65-0815808 PAXSON SYRACUSE LICENSE, INC. Florida 65-0795915 PAXSON TAMPA-66 LICENSE, INC. Florida 65-0752325 PAXSON TELEVISION PRODUCTIONS, INC. Florida 65-0791898 PAXSON TELEVISION, INC. Florida 65-0902915 PAXSON TENNESSEE LICENSE, INC. Florida 65-0744418 PAXSON TULSA LICENSE, INC. Florida 65-0829209 PAXSON WASHINGTON LICENSE, INC. Florida 59-3319719 PAXSON WAUSAU LICENSE, INC. Florida 65-0834744 PCC DIRECT, INC. Florida 65-0684251 RDP COMMUNICATIONS LICENSE OF INDIANAPOLIS, INC. Florida 65-0866576 RDP COMMUNICATIONS OF INDIANAPOLIS, INC. Florida 65-0866575 RDP COMMUNICATIONS, INC. Florida 65-0860333 TRAVEL CHANNEL ACQUISITION CORPORATION Florida 65-0766049
601 Clearwater Park Road West Palm Beach, Florida 33401 (Address of principal executive offices) (Zip code) ------------- 10-3/4% Senior Subordinated Notes due 2008 (Title of the indenture securities) ================================================================================ 4 5 1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE: (A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO WHICH IT IS SUBJECT. -------------------------------------------------------------------------------- Name Address -------------------------------------------------------------------------------- Superintendent of Banks of the State of 2 Rector Street, New York, New York N.Y. 10006, and Albany, N.Y. 12203 Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045 Federal Deposit Insurance Corporation Washington, D.C. 20429 New York Clearing House Association New York, New York 10005 (B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS. Yes. 2. AFFILIATIONS WITH OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION. None. 16. LIST OF EXHIBITS. EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION, ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO RULE 7A-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17 C.F.R. 229.10(D). 1. A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.) 4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.) 6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.) 7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. 5 6 SIGNATURE Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 6th day of September, 2001. THE BANK OF NEW YORK By: /s/ VAN BROWN -------------------------------- Name: VAN BROWN Title: VICE PRESIDENT 6 7 EXHIBIT 7 -------------------------------------------------------------------------------- Consolidated Report of Condition of THE BANK OF NEW YORK of One Wall Street, New York, N.Y. 10286 And Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business March 31, 2001, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts In Thousands -------------- ASSETS Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin .................... $ 2,811,275 Interest-bearing balances ............................................. 3,133,222 Securities: Held-to-maturity securities ........................................... 147,185 Available-for-sale securities ......................................... 5,403,923 Federal funds sold and Securities purchased under agreements to resell .................................................. 3,378,526 Loans and lease financing receivables: Loans and leases held for sale ........................................ 74,702 Loans and leases, net of unearned income...............37,471,621 LESS: Allowance for loan and lease losses............599,061 Loans and leases, net of unearned income and allowance ................................................ 36,872,560 Trading Assets ........................................................... 11,757,036 Premises and fixed assets (including capitalized leases) ............................................................... 768,795 Other real estate owned .................................................. 1,078 Investments in unconsolidated subsidiaries and associated companies .................................................. 193,126 Customers' liability to this bank on acceptances outstanding ........................................................... 592,118 Intangible assets Goodwill .............................................................. 1,300,295 Other intangible assets ............................................... 122,143 Other assets ............................................................. 3,676,375 ----------- Total assets ............................................................. $70,232,359 ===========
8
Dollar Amounts In Thousands -------------- LIABILITIES Deposits: In domestic offices ................................................... $25,962,242 Noninterest-bearing.......................10,586,346 Interest-bearing..........................15,395,896 In foreign offices, Edge and Agreement subsidiaries, and IBFs .............................................. 24,862,377 Noninterest-bearing..........................373,085 Interest-bearing..........................24,489,292 Federal funds purchased and securities sold under agreements to repurchase .............................................. 1,446,874 Trading liabilities ...................................................... 2,373,361 Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) ............................................. 1,381,512 Bank's liability on acceptances executed and outstanding ........................................................... 592,804 Subordinated notes and debentures ........................................ 1,646,000 Other liabilities ........................................................ 5,373,065 ----------- Total liabilities ........................................................ $63,658,235 =========== EQUITY CAPITAL Common stock ............................................................. 1,135,284 Surplus .................................................................. 1,008,773 Retained earnings ........................................................ 4,426,033 Accumulated other comprehensive income ................................... 4,034 Other equity capital components .......................................... 0 ----------- Total equity capital ..................................................... 6,574,124 Total liabilities and equity capital ..................................... $70,232,359 ===========
I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief. Thomas J. Mastro, Senior Vice President and Comptroller 2 9 We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the Board of Governors of the Federal Reserve System and is true and correct. Thomas A. Renyi ) Gerald L. Hassell ) Alan R. Griffith ) Directors 3