METRO NETWORKS INC
S-1MEF, 1996-10-16
COMMUNICATIONS SERVICES, NEC
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<PAGE>
   
    AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 16, 1996
    
 
   
                                                       REGISTRATION NO. 333-
    
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                            ------------------------
   
                                    FORM S-1
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
    
                            ------------------------
                              METRO NETWORKS, INC.
             (Exact name of Registrant as specified in its charter)
 
<TABLE>
<S>                          <C>                         <C>
         DELAWARE                       4899                  76-0505148
      (State or other            (Primary Standard         (I.R.S. Employer
      jurisdiction of        Industrial Classification   Identification No.)
     incorporation or               Code Number)
       organization)
</TABLE>
 
                            2800 POST OAK BOULEVARD
                                   SUITE 4000
                              HOUSTON, TEXAS 77056
                                 (713) 407-6000
 
    (Address, including zip code, and telephone number, including area code,
                  of Registrant's principal executive offices)
 
                              DAVID I. SAPERSTEIN
                            CHIEF EXECUTIVE OFFICER
                              METRO NETWORKS, INC.
                            2800 Post Oak Boulevard
                                   Suite 4000
                              Houston, Texas 77056
                                 (713) 407-6000
 
           (Name, address, including zip code, and telephone number,
                   including area code, of agent for service)
                            ------------------------
                                   COPIES TO:
 
<TABLE>
<S>                               <C>
      Neil A. Torpey, Esq.         Robert E. Buckholz, Jr.,
   Paul, Hastings, Janofsky &                Esq.
             Walker                   Sullivan & Cromwell
        399 Park Avenue                125 Broad Street
    New York, New York 10022       New York, New York 10004
</TABLE>
 
                            ------------------------
        APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
  As soon as practicable after this Registration Statement becomes effective.
                            ------------------------
    If  any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to  Rule 415 under the Securities Act  of
1933, check the following box. / /
   
    If  this Form  is filed  to register  additional securities  for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list  the  Securities  Act  registration statement  number  of  the  earlier
effective registration statement for the same offering: /X/ 333-6311
    
   
    If  this Form  is a post-effective  amendment filed pursuant  to Rule 462(c)
under the Securities Act,  check the following box  and list the Securities  Act
registration  statement number  of the earlier  effective registration statement
for the same offering: / /
    
    If delivery of the prospectus is expected  to be made pursuant to Rule  434,
please check the following box: / /
 
                        CALCULATION OF REGISTRATION FEE
 
   
<TABLE>
<CAPTION>
                                             PROPOSED MAXIMUM
TITLE OF EACH CLASS OF SECURITIES TO BE     AGGREGATE OFFERING      AMOUNT OF REGISTRATION
              REGISTERED                         PRICE(1)                    FEE
<S>                                      <C>                       <C>
Common Stock, $.001 par value..........        $132,000,000                $40,000
</TABLE>
    
 
(1)  Estimated  solely  for  the purpose  of  calculating  the  registration fee
    pursuant to Rule 457(a) of the Securities Act of 1933, as amended.
                         ------------------------------
 
    THE REGISTRANT HEREBY  AMENDS THIS  REGISTRATION STATEMENT ON  SUCH DATE  OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE  A  FURTHER  AMENDMENT  WHICH SPECIFICALLY  STATES  THAT  THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE  IN ACCORDANCE WITH SECTION 8(a)  OF
THE  SECURITIES ACT  OF 1933 OR  UNTIL THIS REGISTRATION  STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION  8(a),
MAY DETERMINE.
 
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
   
                                EXPLANATORY NOTE
    
 
   
    This Registration Statement is being filed pursuant to the Rule 462(b) under
the  Securities  Act  of  1933 ("Rule  462(b)")  and  includes  the registration
statement facing page,  this page,  the signature  page, and  exhibit index,  an
opinion  of counsel and two accountants'  consents. Pursuant to Rule 462(b), the
contents of the registration statement on Form S-1 (File No. 333-6311) of  Metro
Networks,  Inc.,  including  the  exhibits  thereto  (the  "Initial Registration
Statement"), are  incorporated by  reference into  this registration  statement.
This  registration statement  covers the registration  of $132,000,000 aggregate
offering price of Common  Stock of Metro  Networks, Inc. for  sale in the  offer
referred to in the Initial Registration Statement.
    
<PAGE>
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
 
(a) Exhibits
 
   
<TABLE>
<S>        <C>                                                                     <C>
23.1       Consent of KPMG Peat Marwick LLP
23.3       Consent of KPMG Peat Marwick LLP
</TABLE>
    
 
                                      II-1
<PAGE>
                                   SIGNATURES
 
   
    Pursuant  to the requirements of the  Securities Act of 1933, the registrant
has duly caused this Registration  Statement to be signed  on its behalf by  the
undersigned,  thereunto duly authorized, in  the City of New  York, State of New
York on October 16, 1996.
    
 
                                          METRO NETWORKS, INC.
 
                                          By:       /s/ DAVID I. SAPERSTEIN
 
                                             -----------------------------------
                                                     David I. Saperstein
                                                   CHIEF EXECUTIVE OFFICER
 
                               POWER OF ATTORNEY
 
   
    Pursuant  to  the  requirements  of   the  Securities  Act  of  1933,   this
Registration  Statement has  been signed below  by the following  persons in the
capacities and on the date indicated.
    
 
   
<TABLE>
<C>                                                     <S>                                  <C>
                         NAME                                          TITLE                         DATE
- ------------------------------------------------------  -----------------------------------  --------------------
 
                /S/ DAVID I. SAPERSTEIN
     -------------------------------------------        Chairman of the Board of Directors     October 16, 1996
                 David I. Saperstein                     and Chief Executive Officer
 
               /s/ CHARLES I. BORTNICK*
     -------------------------------------------        President and Director                 October 16, 1996
                 Charles I. Bortnick
 
                 /s/ SHANE E. COPPOLA*
     -------------------------------------------        Executive Vice President and           October 16, 1996
                   Shane E. Coppola                      Director
 
                                                        Senior Vice President, Chief
                /s/ CURTIS H. COLEMAN*                   Financial Officer and Director
     -------------------------------------------         (Chief Financial and Accounting       October 16, 1996
                  Curtis H. Coleman                      Officer)
 
                 /s/ GARY L. WOROBOW*
     -------------------------------------------        Senior Vice President, General         October 16, 1996
                   Gary L. Worobow                       Counsel, Secretary and Director
</TABLE>
    
 
* by David I. Saperstein as attorney-in-fact
 
                                      II-2
<PAGE>
                                 EXHIBIT INDEX
 
   
<TABLE>
<CAPTION>
 Exhibit                                                                                               Sequentially
  Number    Exhibit                                                                                   Numbered Pages
- ----------  ----------------------------------------------------------------------------------------  ---------------
<S>         <C>                                                                                       <C>
23.1        Consent of KPMG Peat Marwick LLP
23.3        Consent of KPMG Peat Marwick LLP
</TABLE>
    

<PAGE>
                                                                    EXHIBIT 23.1
 
Boards of Directors and Partners
  Metro Traffic Control, Inc.
  Metro Reciprocal, Inc.
  Metro Networks, Ltd.
  Metro Video News, Inc.:
 
    We  consent to the use of our report included herein and to the reference to
our firm under the heading "Experts" in the prospectus.
 
                                                           KPMG PEAT MARWICK LLP
 
   
Houston, Texas
October 16, 1996
    

<PAGE>
                                                                    EXHIBIT 23.3
 
   
Boards of Directors
  Skyview Broadcasting Networks, Inc.
  Airborne Broadcast Consultants
  Airborne Broadcasting Systems, Inc.:
    
 
    We  consent to the use of our report included herein and to the reference to
our firm under the heading "Experts" in the prospectus.
 
                                                           KPMG PEAT MARWICK LLP
 
   
Houston, Texas
October 16, 1996
    


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