<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
INFINITY BROADCASTING CORPORATION
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(Name of Issuer)
Class A Common Stock, $0.01 par value per share
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(Title of Class of Securities)
456 62S10 2
(CUSIP Number)
Arturo R. Moreno, 2502 North Black Canyon Highway, Phoenix, Arizona 85009
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 4, 2001
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(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 [ ].
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 filed 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).
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 456 62S 10 2 PAGE 2 OF 9 PAGES
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 NAME OF REPORTING PERSON
Arturo R. Moreno
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /x /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
NUMBER OF
SHARES 35,552,103
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 4,354,245
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
35,552,103
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10 SHARED DISPOSITIVE POWER
4,354,245
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,906,348
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE> 3
SCHEDULE 13D
CUSIP NO. 456 62S 10 2 PAGE 3 OF 9 PAGES
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 NAME OF REPORTING PERSON
BRN Properties Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /x /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
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7 SOLE VOTING POWER
NUMBER OF
SHARES 5,151,582
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
5,151,582
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,151,582
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
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14 TYPE OF REPORTING PERSON
PN
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<PAGE> 4
SCHEDULE 13D
CUSIP NO. 456 62S 10 2 PAGE 4 OF 9 PAGES
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 NAME OF REPORTING PERSON
Carole D. Moreno
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /x /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 4,291,745
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
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10 SHARED DISPOSITIVE POWER
4,291,745
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,291,745
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
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14 TYPE OF REPORTING PERSON
IN
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<PAGE> 5
SCHEDULE 13D
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CUSIP No. 456 62S 10 2 Page 5 of 9 Pages
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This Amendment No. 1 to Schedule 13D ("Amendment No. 1") amends and supplements
the Schedule 13D filed on December 17, 1999 (the "Schedule") by Arturo R.
Moreno, BRN Properties Limited Partnership and Carole D. Moreno (the "Reporting
Persons") with respect to the Class A Common Stock, $.01 par value per share
(the "Class A Shares"), of Infinity Broadcasting Corporation, a Delaware
corporation (the "Issuer"). All capitalized terms used in this Amendment No. 1
and not otherwise defined herein have the meanings ascribed to such terms in the
Schedule.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and restated in its entirety to read as
follows:
(a) Name:
(1) Arturo R. Moreno
(2) BRN Properties Limited Partnership, a limited partnership formed
under the laws of the State of Arizona ("BRN Properties"). BRN
Properties is Mr. Moreno's family limited partnership, and its
sole business is the ownership of Class A Common Stock and other
securities. Mr. Moreno is the sole general partner of BRN
Properties. Mr. Moreno disclaims beneficial ownership of the
shares of Class A Common Stock beneficially owned by BRN
Properties, except to the extent of his partnership interest.
(3) Carole D. Moreno
(b) Residence or business address:
(1) Mr. Moreno: 2502 North Black Canyon Highway, Phoenix, Arizona
85009.
(2) BRN Properties: 2502 North Black Canyon Highway, Phoenix, Arizona
85009.
(3) Mrs. Moreno: 2502 North Black Canyon Highway, Phoenix, Arizona
85009.
(c) Principal Occupation:
(1) Mr. Moreno is no longer Chief Executive Officer of Outdoor
Systems, Inc., a wholly owned subsidiary of the Issuer, and is no
longer a director of the Issuer.
(2) N/A.
(3) N/A.
(d) None of Mr. Moreno, BRN Properties or Mrs. Moreno has, during the
last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of Mr. Moreno, BRN Properties or Mrs. Moreno has been, during
the last five years, a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which
proceeding either of them has been or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Both Mr. Moreno and Mrs. Moreno are citizens of the United States.
BRN Properties is formed under the laws of the State of Arizona.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended and restated in its entirety to read as
follows:
Except for 5,000 Class A Shares acquired by Mr. and Mrs. Moreno as
joint tenants prior to December 7, 1999, Mr. Moreno, BRN Properties and Mrs.
Moreno acquired their Class A Shares pursuant to a merger among the Issuer,
Outdoor Systems, Inc. and Burma Acquisition Corp. on December 7, 1999. Mr.
Moreno, BRN Properties and Mrs. Moreno hold the shares for investment purposes.
On October 30, 2000, Viacom, IBC Merger Corp., a Delaware corporation
and a direct wholly owned subsidiary of Viacom ("Merger Sub"), and the Issuer
entered into a definitive agreement and plan of merger (the "Merger Agreement")
pursuant to which the Issuer will merge with and into Merger Sub (the "Merger")
and Viacom will acquire all the issued and outstanding Class A Shares not
currently owned by Viacom. In the Merger, each outstanding Class A Share will be
converted into the right to receive 0.592 of a Viacom Class B Share.
On January 4, 2001 the Mr. Moreno, on behalf of the Reporting Persons,
entered into a voting agreement (the "Voting Agreement"), pursuant to which the
Reporting Persons have agreed to vote their Class A Shares in favor of the
Merger Agreement, the Merger and any actions required in furtherance thereof.
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SCHEDULE 13D
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CUSIP No. 456 62S 10 2 Page 6 of 9 Pages
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A copy of the Voting Agreement is attached hereto as Exhibit 99.1 and
is incorporated by reference herein.
Other than as set forth herein, the Reporting Persons have no current
plan or proposal which relates to, or would result in any of the actions
enumerated in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety to read as
follows:
(a)(b) Of the 35,552,103 shares of Class A Common Stock as to which Mr.
Moreno is indicated as having sole voting and dispositive power, (i)
30,400,521 shares are owned by Mr. Moreno directly, and (ii)
5,151,582 shares are held of record by BRN Properties.
The 4,354,245 shares of Class A Common Stock as to which Mr. Moreno
is indicated as having shared voting power consist of (i) 4,291,745
shares held by Mr. and Mrs. Moreno as joint tenants and (ii) 62,500
shares held by The Moreno Family Foundation (the "Moreno Family
Foundation"), a charitable organization, which shares are not
covered by the voting agreement.
Mr. Moreno disclaims beneficial ownership of the shares of Class A
Common Stock beneficially owned by BRN Properties, except to the
extent of his partnership interest. Mr. Moreno is President and a
member of the Board of Directors of the Moreno Family Foundation
and, by virtue of such position, may be deemed to share voting and
dispositive power over the shares held by it. Mr. Moreno disclaims
beneficial ownership of the shares held by the Moreno Family
Foundation.
Mr. Moreno does not have voting or dispositive power over 1,923,077
shares of Class A Common Stock held of record by that certain rabbi
trust (the "Rabbi Trust") reflected in the Trust Agreement, dated as
of December 6, 1999 (the "Trust Agreement"), by and among the
Issuer, UBS Trust Company, Mr. Moreno and William S. Levine. William
S. Levine serves as Independent Administrator to the Rabbi Trust and
has the sole power to direct the trustee of the Rabbi Trust as to
any voting rights exercisable with respect to the shares of Class A
Common Stock held of record by the Rabbi Trust.
(c) None of Mr. Moreno, BRN Properties or Mrs. Moreno effected any
transactions in Class A Common Stock of the Issuer in the last 60
days.
(d) N/A.
(e) N/A.
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SCHEDULE 13D
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CUSIP No. 456 62S 10 2 Page 7 of 9 Pages
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ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
99.1 Voting Agreement between William S. Levine, Arturo R. Moreno
and Viacom Inc., dated as of January 4, 2001.
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SCHEDULE 13D
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CUSIP No. 456 62S 10 2 Page 8 of 9 Pages
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SIGNATURE
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: January 16, 2001
/s/ ARTURO R. MORENO
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Arturo R. Moreno
/s/ CAROLE D. MORENO
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Carole D. Moreno
BRN PROPERTIES LIMITED PARTNERSHIP
By: /s/ ARTURO R. MORENO
------------------------------------
Arturo R. Moreno
General Partner
<PAGE> 9
SCHEDULE 13D
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CUSIP No. 456 62S 10 2 Page 9 of 9 Pages
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EXHIBIT INDEX
Number Description
99.1 Voting Agreement between William S. Levine, Arturo R. Moreno
and Viacom Inc., dated as of January 4, 2001.
