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| FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person
News America Incorporated (1)
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(Last) (First) (Middle)
1211 Avenue of the Americas
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(Street)
New York New York 10036
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 01/26/00
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3. IRS Identification Number of Reporting Person if an Entity
(Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Healtheon/WebMD Corporation ("HLTH")
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
___ Director ___ Officer _X_ 10% Owner ___ Other
(give title below) (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint Group Filing (Check Applicable Line)
___ Form Filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Bene- Direct (D) or Indirect Bene-
Security ficially Owned Indirect (I) ficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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Common Stock, par 2,000,000(2) D(2) (2)
value $.0001 per
share
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<PAGE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation:
FORM 3 (continued)
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In-
Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene-
Expiration (Instr. 4) Exercise Derivative ficial
Date Price Security: Ownership
(Month/Day/ of Direct (D) (Instr. 5)
Year) Derivative or In-
---------------------------------------------------- Security direct (I)
Date Expira- Amount or (Instr. 5)
Exer- tion Title Number of
cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Series A Preferred Stock, par Immed.(3) 01/26/03(3) Common Stock 54,101 136.5- I(4) (4)
value $.0001 per share for-1
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Series A Preferred Stock, par Immed.(3) 01/26/03(3) Common Stock 101,850 136.5- I(5) (5)
value $.0001 per share. for-1
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 3 is filed jointly by all of the
undersigned (collectively, the "Reporting Persons"). News America
Incorporated ("NAI") has been designated to make the filing of this Form 3.
(2) The 2,000,000 shares of Common Stock of the issuer reported as beneficially
owned are directly owned by NAI. The News Corporation Limited ("News
Corporation"), as a person who may be deemed to control NAI, may also be
deemed to indirectly beneficially own such shares. By virtue of ordinary
shares of News Corporation owned by (i) Mr. K. Rupert Murdoch and members of
his family, (ii) (A) Cruden Investments Pty. Limited ("Cruden"), a private
Australian investment company owned by Mr. Murdoch, members of his family
and various corporations and trusts, the beneficiaries of which include Mr.
Murdoch, members of his family and charities, and (B) a subsidiary of
Cruden, and (iii) corporations which are controlled by trustees of
settlements and trusts set up for the benefit of the Murdoch family, certain
charities and other persons, and Mr. Murdoch's positions as Chairman and
Chief Executive of News Corporation, Mr. Murdoch may be deemed to control
the operations of News Corporation. Fox Entertainment Group, Inc. ("FEG"),
Fox Broadcasting Company ("FBC"), AHN/FIT Cable, LLC ("AHN/FIT Cable") and
AHN/FIT Internet, LLC ("AHN/FIT Internet") disclaim beneficial ownership of
such shares, except to the extent of their pecuniary interest therein, and
this report shall not be deemed an admission that FEG, FBC, AHN/FIT Cable,
and AHN/FIT Internet are the beneficial owners of such securities for
purposes of Section 16 or any other purpose.
(3) The shares of Series A Preferred Stock will automatically convert into
shares of Common Stock of the issuer on January 26, 2003, or earlier upon
the occurrence of certain events.
(4) The 54,101 shares of Series A Preferred Stock of the issuer reported as
beneficially owned are directly owned by NAI.
(5) The 101,850 shares of Series A Preferred Stock of the issuer reported as
beneficially owned are indirectly owned by NAI through FEG, a subsidiary in
which NAI owns securities representing 82.8% of the equity and 97.8% of the
voting power, FBC, a wholly-owned subsidiary of FEG, AHN/FIT Cable, a
subsidiary in which FEG owns a 50% member interest, and AHN/FIT Internet, a
subsidiary in which FEG owns a 50% member interest. The 101,850 shares of
Series A Preferred Stock that are indirectly owned by NAI and FEG consist of
(i) 72,135 shares directly owned by FBC, (ii) 28,526 shares directly owned
by AHN/FIT Cable, and (iii) 1,189 shares directly owned by AHN/FIT Internet.
NEWS AMERICA INCORPORATED
By:_____________________________ ______________________
**Signature of Reporting Person Date
**Intentional misstatement or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient,
See Instruction 6 for procedure. Page 2 SEC 1473(7-96)
<PAGE>
FORM 3 (continued)
Joint Filer Information
Name: The News Corporation Limited
Address: 2 Holt Street
Sydney, New South Wales 2010
Australia
Designated Filer: News America Incorporated
Date of Event Requiring Statement: 01/26/00
Issuer and Ticker or Trading Symbol: Healtheon/WebMD Corporation ("HLTH")
Signature: THE NEWS CORPORATION LIMITED
/s/ Arthur M. Siskind
By:____________________________
Name: Arthur M. Siskind
Title: Director
Name: K. Rupert Murdoch
Address: 1211 Avenue of the Americas
New York, New York 10036
Designated Filer: News America Incorporated
Date of Event Requiring Statement: 01/26/00
Issuer and Ticker or Trading Symbol: Healtheon/WebMD Corporation ("HLTH")
/s/ K. Rupert Murdoch
Signature: ____________________________
K. Rupert Murdoch
Page 3 of 5
<PAGE>
FORM 3 (continued)
Name: Fox Entertainment Group, Inc.
Address: 1211 Avenue of the Americas
New York, New York 10036
Designated Filer: News America Incorporated
Date of Event Requiring Statement: 01/26/00
Issuer and Ticker or Trading Symbol: Healtheon/WebMD Corporation ("HLTH")
Signature: FOX ENTERTAINMENT GROUP, INC.
/s/ Lawrence A. Jacobs
By:____________________________
Name: Lawrence A. Jacobs
Title: Secretary
Name: Fox Broadcasting Company
Address: 10201 West Pico Blvd.
Los Angeles, CA 90035
Designated Filer: News America Incorporated
Date of Event Requiring Statement: 01/26/00
Issuer and Ticker or Trading Symbol: Healtheon/WebMD Corporation ("HLTH")
Signature: FOX BROADCASTING COMPANY
/s/ Paul Haggerty
By:____________________________
Name: Paul Haggerty
Title: Executive Vice President
Page 4 of 5
<PAGE>
Form 3 (continued)
Name: AHN/FIT Cable, LLC
Address: 1440 S. Sepulveda Blvd.
Los Angeles, CA 90025
Designated Filer: News America Incorporated
Date of Event Requiring Statement: 01/26/00
Issuer and Ticker or Trading Symbol: Healtheon/WebMD Corporation ("HLTH")
Signature: AHN/FIT CABLE, LLC
/s/ Daniel Fawcett
By:____________________________
Name: Daniel Fawcett
Title: Executive Vice President
Name: AHN/FIT Internet, LLC
Address: 1440 S. Sepulveda Blvd.
Los Angeles, CA 90025
Designated Filer: News America Incorporated
Date of Event Requiring Statement: 01/26/00
Issuer and Ticker or Trading Symbol: Healtheon/WebMD Corporation ("HLTH")
Signature: AHN/FIT INTERNET, LLC
/s/ Daniel Fawcett
By:____________________________
Name: Daniel Fawcett
Title: Executive Vice President
Page 5 of 5
