UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 13,
2000
INFINITY BROADCASTING CORPORATION
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(Exact name of registrant as
specified in its charter)
Delaware 13-4030071
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(State or other jurisdiction- (IRS Employer
of incorporation) Identification Number)
40 West 57th Street, New York, NY 10019
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(Address of principal executive offices) (Zip Code)
(212) 314-9200
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(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
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On January 13, 2000, Infinity Broadcasting Corporation (the
"Registrant"), announced that its Board of Directors has
authorized the purchase of an additional $500 million of its
Class A Common Stock.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits
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(c) Exhibits
Exhibit No.
99 Press Release issued by Infinity on January 13, 2000 is
Exhibit 99 to this Report.
<PAGE>
SIGNATURE
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.
INFINITY BROADCASTING CORPORATION
(Registrant)
By: /S/ Angeline C. Straka
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Angeline C. Straka
Vice President and Secretary
Date: January 14, 2000
<PAGE>
EXHIBIT INDEX
Exhibit Description
- ------- ------------
99 Press Release issued by Infinity on January 13,
2000.
[Logo]
Infinity
Broadcasting
Corporation
40 West 57th Street
New York, NY 10019
212-314-9200
INFINITY BROADCASTING CORPORATION ANNOUNCES
EXTENSION OF ITS COMMON STOCK PURCHASE PROGRAM
NEW YORK, January 13, 2000 - Infinity Broadcasting
Corporation (NYSE: INF) today announced that its Board of
Directors has authorized the purchase of an additional
$500,000,000 of its Class A common stock through open market
transactions or otherwise. On June 17, 1999 the Company announced
a buyback program for up to $500,000,000 of its Class A common
stock. Approximately $14 million remain under that initial
authorization.
The timing and actual number of shares purchased will depend
on a variety of factors, including price and market conditions.
Infinity Broadcasting Corporation operates more than 160
radio stations and its outdoor advertising business. Infinity
also manages and holds an equity position in Westwood One, Inc.
Infinity Broadcasting Corporation is a majority-owned
subsidiary of CBS Corporation.
* * *
Contacts: Farid Suleman Dana McClintock
Infinity Broadcasting Corporation CBS Corporation
212/314-9215 212/975-1077
