<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
SportsLine USA, Inc.
--------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
---------------------------------------
(Title of Class of Securities)
848934-10-5
-----------
(CUSIP Number)
Angeline C. Straka
Vice President, Secretary & Deputy General Counsel
CBS Corporation
51 West 52nd Street
New York, New York 10019
(212) 975-3335
================================================================================
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 22, 1999
----------------
(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-l(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-l(a) for other parties to whom copies are to be
sent.
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 1 of 12
<PAGE> 2
CUSIP NO. 848934-10-5
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No.
of Above Person
CBS Corporation
I.R.S. Identification No. 25-0877540
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source of Funds
00
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(5) Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Pennsylvania
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(7) Sole Voting Power
Number of
Shares Bene- ____________________________________________________
ficially (8) Shared Voting Power
Owned by 2,987,063
Each Report- ____________________________________________________
ing Person (9) Sole Dispositive Power
With None
____________________________________________________
(10) Shared Dispositive Power
2,987,063
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,987,063
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
14.6%
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(14) Type of Reporting Person CO
</TABLE>
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<PAGE> 3
CUSIP NO. 848934-10-5
<TABLE>
<S> <C> <C>
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
Westinghouse CBS Holding Company, Inc.
I.R.S. Identification No. 25-1776511
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(2) Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source of Funds
00
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
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(7) Sole Voting Power
Number of None
Shares Bene- _______________________________________________________
ficially (8) Shared Voting Power
Owned by 2,987,063
Each Report- _______________________________________________________
ing Person (9) Sole Dispositive Power
With None
_______________________________________________________
(10) Shared Dispositive Power
2,987,063
- ------------------------------------------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,987,063
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
14.6%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type of Reporting Person CO
</TABLE>
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CUSIP NO. 848934-10-5
<TABLE>
<S> <C> <C>
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
CBS Broadcasting, Inc.
I.R.S. Identification No. 13-0590730
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(2) Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Source of Funds
00
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
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(7) Sole Voting Power
Number of None
Shares Bene- _____________________________________________________
ficially (8) Shared Voting Power
Owned by 2,987,063
Each Report- _____________________________________________________
ing Person (9) Sole Dispositive Power
With None
_____________________________________________________
(10) Shared Dispositive Power
2,987,063
- ------------------------------------------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,987,063
- ------------------------------------------------------------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
14.6%
- ------------------------------------------------------------------------------------------------------------------------------------
(14) Type of Reporting Person CO
</TABLE>
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<PAGE> 5
This Amendment No. 2 amends and supplements the statement on Schedule 13D dated
January 2, 1998 (the "Schedule 13D") and Amendment No. 1 to Schedule 13D dated
June 18, 1998 (the "Amendment No. 1") by CBS Broadcasting, Inc.
("Broadcasting"), a wholly-owned subsidiary of Westinghouse CBS Holding Company,
Inc. ("Holding"), which is a wholly-owned subsidiary of CBS Corporation ("CBS").
Item 2. Identity and Background
- --------------------------------
The persons filing this statement are: (i) CBS Corporation (CBS), formerly known
as Westinghouse Electric Corporation, a Pennsylvania corporation. The address of
the principal office and principal business address of CBS is 51 West 52nd
Street, New York, NY 10019. CBS conducts its business directly and through
various subsidiaries; (ii) Westinghouse CBS Holding Company, Inc., a wholly
owned subsidiary of CBS (Holding). The address of the principal office and
principal business address of Holding is 51 West 52nd Street, New York, NY
10019; and (iii) CBS Broadcasting, Inc. (Broadcasting), formerly known as CBS,
Inc., a wholly owned subsidiary of Holding. The address of the principal office
and principal business address of Broadcasting is 51 West 52nd Street, New York,
NY 10019. Broadcasting is a party to the Agreement, the Stockholder Agreement
and the Co-Sale Agreement, as defined in Items 3 and 4.
The operations of CBS, Holding and Broadcasting principally relate to television
and radio broadcasting and cable programming.
Schedule I of Item 2 is amended by the attached Schedule I, which is a list of
the directors and executive officers of CBS, Holding and Broadcasting setting
forth the following information with respect to each such person:
(a) name;
(b) business address; and
(c) present principal occupation or employment and the name, principal
business and address of any corporation or other organization in which
such employment is conducted.
Except for Robert E. Cawthorn, who is a British citizen, and Jan Leschly, who is
a Danish citizen, each person identified on Schedule 1 is a United States
citizen.
During the last five years, neither CBS, Holding, Broadcasting nor, to the
knowledge of CBS, Holding and Broadcasting, any person identified in Schedule 1
hereto, has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was 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.
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Item 4. Purpose of Transaction
- ------------------------------
Item 4 is amended to report that on January 22, 1999, Broadcasting received
558,988 shares of Common Stock from the Issuer pursuant to the Agreement dated
as of March 5, 1997 between the Issuer and Broadcasting as amended by Amendment
No. 1 to the Agreement (together, the "Agreement") as such Agreement is
described in response to Items 3 and 4 and received a warrant from the Issuer
pursuant to the Agreements dated as of January 2, 1999 to acquire 380,000 shares
of Common Stock at a price of $20.00 per share at any time prior to December 31,
1999. Broadcasting also exercised the 1998 warrant it received pursuant to the
Agreement for 380,000 shares of Common Stock of the Issuer at the warrant
exercise price of $15.00 per share on December 14, 1998 using general corporate
funds.
Broadcasting holds shares of Common Stock for investment, and may, from time to
time, acquire additional shares and/or dispose of any or all of its shares of
Common Stock. Broadcasting, CBS and Holding have no present plans or proposals
with respect to the matters set forth in Item (4(b), (c), (d), (e), (f), (g),
(h), (i) and (j);) but Broadcasting, CBS and Holding do reserve their right to
implement a different course of action at any time in the future, depending upon
such criteria as may be significant to Broadcasting, CBS and Holding.
Item 5. Interest in Securities of the Issuer.
- ----------------------------------------------
5(a) and (b) As of January 22, 1999, Broadcasting has voting and investment
power over 2,607,063 shares of Common Stock held by Broadcasting. Broadcasting
also has the right to acquired 380,000 shares of Common Stock under a warrant
dated January 2, 1999, which warrant is presently exercisable in whole or part
at any time prior to December 31, 1999. CBS and Holding may be deemed to
beneficially own all the Common Stock beneficially owned by Broadcasting.
In the aggregate, Broadcasting, CBS and Holding share voting and investment
power over 2,987,075 shares of Common Stock (including the 380,000 shares
covered by the outstanding warrant) or 14.6% of the Common Stock of Issuer as of
January 22, 1999 (assuming the exercise of the warrant and assuming 20,440,270
shares of Common Stock outstanding for purposes of this calculation, based on
information set forth in the Issuer's Amendment No. 1 to Form S-1 filed with the
Securities and Exchange Commission on October 19, 1998 at Registration No.
333-62685 that there were 19,121,282 outstanding shares as of September 30,
1998, plus 938,988 shares issued to Broadcasting since that date as set forth in
Item 4 above and the 380,000 under the warrant dated January 2, 1999.
Except as described above, neither CBS, Broadcasting, Holding nor, to their
knowledge, any person named in Schedule 1 beneficially owns any shares of Common
Stock or has effected any transactions in the Common Stock during the past 60
days.
5 (d) None.
5 (e) Not applicable.
Item 7. Materials to be Filed as Exhibits
- ------------------------------------------
Exhibit 1: Signature authority resolution
Page 6 of 12
<PAGE> 7
Any information previously included in the Schedule 13D and not revised or
modified as described in this Amendment No. 2 remains unchanged.
(Signature)
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
February 1, 1999
CBS CORPORATION
By:/s/ Angeline C. Straka
----------------------------------
Name: Angeline C. Straka
Title: Vice-President &
Deputy General Counsel
WESTINGHOUSE CBS HOLDING COMPANY, INC.
By:/s/ Angeline C. Straka
----------------------------------
Name: Angeline C. Straka
Title: Vice-President & Secretary
CBS BROADCASTING, INC.
By:/s/ Angeline C. Straka
----------------------------------
Name: Angeline C. Straka
Title: Vice-President & Secretary
Page 7 of 12
<PAGE> 8
SCHEDULE 1-A
Name, Business Address, and Present
Principal Occupation or Employment of
the Directors and Executive Officers of
CBS Corporation
---------------
Directors
---------
<TABLE>
<CAPTION>
Present Principal Occupation and
Name and Business Address Address of Employment
- ------------------------- ---------------------
<S> <C>
Robert E. Cawthorn Managing Director, Global Health
DLJ Merchant Banking Partners LP Care Partners
Donaldson, Lufkin & Jenrette DLJ Merchant Banking Partners LP
401 City Line Avenue, 2nd Floor Donaldson, Lufkin & Jenrette
Bala Cynwyd, PA 19004-1122 401 City Line Avenue, 2nd Floor
Bala Cynwyd, PA 19004-1122
George H. Conrades Venture Partner
Polaris Venture Partners Polaris Venture Partners
1000 Winter Street, #3350 1000 Winter Street, #3350
Waltham, MA 02451 Waltham, MA 02451
Martin C. Dickinson Retired Senior Vice President
P. O. Box 7078 Scripps Bank
Rancho Santa Fe, CA 92067 P. O. Box 7078
Rancho Santa Fe, CA 92067
William H. Gray III President and Chief Executive Officer
The College Fund/UNCF The College Fund/UNCF
8260 Willow Oaks Corporate Drive 8260 Willow Oaks Corporate Drive
P. O. Box 10444 Fairfax, VA 22031
Fairfax, VA 22031
Mel Karmazin President & Chief Executive Officer
CBS Corporation CBS Corporation
51 W. 57th Street 51 West 57th Street
New York, NY 10019 New York, NY 10019
Jan Leschly Chief Executive
SmithKline Beecham SmithKline Beecham
P. O. Box 7929 P. O. Box 7929
Philadelphia, PA 19101 Philadelphia, PA 19101
David T. McLaughlin Chairman, CBS Corporation
The Gallery - Suite 203 Chairman and Chief Executive Officer
46 Newport Road Orion Safety Products
New London, NH 03257 P. O. Box 1047
Easton, MD 21601
</TABLE>
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<PAGE> 9
<TABLE>
<S> <C>
Richard R. Pivirotto President
Richard R. Pivirotto Co., Inc. Richard R. Pivirotto Co., Inc.
111 Clapboard Ridge Rd. 111 Clapboard Ridge Rd.
Greenwich, CT 06830 Greenwich, CT 06830
Raymond W. Smith Chairman
Rothschilds North America, Inc. Rothchilds North America, Inc.
1251 Avenue of the Americas 1251 Avenue of the Americas
New York, NY 10020 New York, NY 10020
Paula Stern President
The Stern Group, Inc. The Stern Group, Inc.
3314 Ross Place NW 3314 Ross Place NW
Washington, DC 20008 Washington, DC 20008
Robert D. Walter Chairman and Chief Executive Officer
Cardinal Health, Inc. Cardinal Health, Inc.
5555 Glendon Court 5555 Glendon Court
Dublin, OH 43016 Dublin, OH 43016
<CAPTION>
Executive Officers
------------------
Present Principal Occupation and
Name and Business Address Address of Employment
- ------------------------- ---------------------
<S> <C>
Mel Karmazin President & Chief Executive Officer
CBS Corporation CBS Corporation
51 W. 57th Street 51 West 57th Street
New York, NY 10019 New York, NY 10019
Louis J. Briskman Executive Vice President and General Counsel
CBS Corporation CBS Corporation
51 West 52nd Street 51 West 52nd Street
New York, NY 10019 New York, NY 10019
Robert G. Freedline Vice President & Controller
CBS Corporation CBS Corporation
51 West 52nd Street 51 West 52nd Street
New York, NY 10019 New York, NY 10019
Carol V. Savage Vice President and Chief Accounting Officer
CBS Corporation CBS Corporation
11 Stanwix Street 11 Stanwix Street
Pittsburgh, PA 15222 Pittsburgh, PA 15222
</TABLE>
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<PAGE> 10
<TABLE>
<S> <C>
Charles W. Pryor, Jr. Vice President
President, Energy Systems Business Unit CBS Corporation
CBS Corporation 4350 Northern Pike
4350 Northern Pike Monroeville, PA 15146
Monroeville, PA 15146
Fredric G. Reynolds Executive Vice President and Chief Financial Officer
CBS Corporation CBS Corporation
51 West 52nd Street 51 West 52nd Street
New York, NY 10019 New York, NY 10019
Leslie Moonves President and Chief Executive Officer,
CBS Corporation CBS Television
7800 Beverly Boulevard CBS Corporation
Los Angeles, CA 90036 7800 Beverly Boulevard
Los Angeles, CA 90036
</TABLE>
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<PAGE> 11
SCHEDULE 1-B
Name, Business Address, and Present
Principal Occupation or Employment of
the Directors and Executive Officers of
Westinghouse CBS Holding Company, Inc.
--------------------------------------
Directors
---------
<TABLE>
<CAPTION>
Present Principal Occupation and
Name and Business Address Address of Employment
- ------------------------- ---------------------
<S> <C>
Louis J. Briskman Same as Schedule 1-A
Same as Schedule 1-A
Fredric G. Reynolds Same as Schedule 1-A
Same as Schedule 1-A
<CAPTION>
Executive Officers
------------------
Present Principal Occupation and
Name/Title and Business Address Address of Employment
- ------------------------------- ---------------------
<S> <C>
Mel Karmazin President & Chief Executive Officer
CBS Corporation CBS Corporation
51 W. 57th Street 51 West 57th Street
New York, NY 10019 New York, NY 10019
Louis J. Briskman Executive Vice President and General Counsel
CBS Corporation CBS Corporation
51 West 52nd Street 51 West 52nd Street
New York, NY 10019 New York, NY 10019
Leslie Moonves President and Chief Executive Officer,
CBS Corporation CBS Television
7800 Beverly Boulevard CBS Corporation
Los Angeles, CA 90036 7800 Beverly Boulevard
Los Angeles, CA 90036
Fredric G. Reynolds Executive Vice President and Chief Financial Officer
CBS Corporation CBS Corporation
51 West 52nd Street 51 West 52nd Street
New York, NY 10019 New York, NY 10019
</TABLE>
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<PAGE> 12
SCHEDULE 1-C
Name, Business Address, and Present
Principal Occupation or Employment of
the Directors and Executive Officers of
CBS Broadcasting Inc.
---------------------
Directors
---------
<TABLE>
<CAPTION>
Present Principal Occupation and
Name/Title and Business Address Address of Employment
- ------------------------------- ---------------------
<S> <C>
Louis J. Briskman Same as Schedule 1-A
Same as Schedule 1-A
Fredric G. Reynolds Same as Schedule 1-A
Same as Schedule 1-A
<CAPTION>
Executive Officers
------------------
Present Principal Occupation and
Name/Title and Business Address Address of Employment
- ------------------------------- ---------------------
<S> <C>
Mel Karmazin Same as Schedule 1-A
Executive Vice President
Same as Schedule 1-A
Louis J. Briskman Same as Schedule 1-A
Executive Vice President and
General Counsel
Same as Schedule 1-A
Leslie Moonves Same as Schedule 1-A
Executive Vice President
Same as Schedule 1-A
Fredric G. Reynolds Same as Schedule 1-A
Executive Vice President and
Chief Financial Officer
Same as Schedule 1-A
</TABLE>
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