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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED SEPTEMBER 30, 1997
Commission File No. 333-32259
CHANCELLOR MEDIA CORPORATION
OF LOS ANGELES
(Exact Name of Registrant as
Specified in its Charter)
DELAWARE
(State or other jurisdiction of
incorporation or organization)
75-2451687
(I.R.S. Employer Identification Number)
433 EAST LAS COLINAS BOULEVARD, SUITE 1130, IRVING, TEXAS 75039
(Address of principal executive offices, including zip code)
(972) 869-9020
(Registrant's telephone number, including area code)
Indicate by check mark whether Chancellor Media Corporation of Los Angeles (1)
has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Chancellor Media Corporation of Los Angeles Yes X No ___
Indicate the number of shares outstanding of the issuer's common stock, as of
the latest practicable date: As of October 31, 1997, 1,040 shares of Common
Stock of Chancellor Media Corporation of Los Angeles were outstanding.
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This Form 10-Q/A amends Item 1 of the Quarterly Report on Form 10-Q for the
quarter ended September 30, 1997 of Chancellor Media Corporation of Los Angeles
initially filed with the Securities and Exchange Commission on November 14,
1997 (the "Form 10-Q"). Unless otherwise indicated, capitalized terms used
herein shall have the respective meanings given such terms in the Form 10-Q.
ITEM 1. CHANCELLOR MEDIA CORPORATION OF LOS ANGELES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
(Dollars in Thousands)
5. SUMMARIZED FINANCIAL INFORMATION OF SUBSIDIARY GUARANTORS
The $200,000 8 3/4% Senior Subordinated Notes due 2007 and the $200,000 9 3/8%
Senior Subordinated Notes due 2004 of the Company are fully and unconditionally
guaranteed, on a joint and several basis, by all of the Company's direct and
indirect subsidiaries (the "Subsidiary Guarantors") other than certain
inconsequential subsidiaries. The Subsidiary Guarantors are wholly-owned
subsidiaries of the Company. Summarized financial information of the Subsidiary
Guarantors as of September 30, 1997 and for the nine months ended September 30,
1997 is presented below. Separate financial statements and other disclosures
concerning the Subsidiary Guarantors are not presented because management has
determined that they are not material to investors. There are no significant
restrictions on distributions from each of the Subsidiary Guarantors to the
Company.
<TABLE>
<CAPTION>
September 30,
1997
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<S> <C>
Current assets 152,473
Noncurrent assets 964,146
Current liabilities 35,300
Noncurrent liabilities 1,085,720
</TABLE>
<TABLE>
<CAPTION>
Nine Months
Ended
September 30,
1997
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<S> <C>
Net revenues 298,730
Operating income 30,339
Net loss (10,103)
</TABLE>
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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 hereunto duly authorized.
Chancellor Media Corporation of Los Angeles
BY: /S/ MATTHEW E. DEVINE
- -------------------------
MATTHEW E. DEVINE
SENIOR VICE-PRESIDENT AND
CHIEF FINANCIAL OFFICER
DATE: DECEMBER 2, 1997
