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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 18)*
Telemundo Group, Inc.
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(Name of Issuer)
Common Stock Series A Par Value $.01
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(Title of Class of Securities)
87943M 30 6
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(CUSIP Number)
Howard E. Steinberg, Senior Vice President and General Counsel
Reliance Group Holdings, Inc., Park Avenue Plaza, New York, NY 10055
(212) 909-1100
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
See Item 5
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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 / /.
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 five percent or less 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-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled 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).
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SCHEDULE 13D
CUSIP No. 87943M 30 6 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RELIANCE GROUP HOLDINGS, INC.
13 3082071
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
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
7 SOLE VOTING POWER
1,133,158 (including currently exercisable warrants to
purchase 38 shares of the Security and warrants to
NUMBER OF purchase 138,889 shares of the Security that become
SHARES exercisable within 60 days)
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,133,158 (including currently exercisable warrants to
WITH purchase 38 shares of the Security and warrants to
purchase 138,889 shares of the Security that become
exercisable within 60 days)
10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,133,158 (including currently exercisable warrants to purchase 38 shares
of the Security and warrants to purchase 138,889 shares of the Security
exercisable within 60 days)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
14 TYPE OF REPORTING PERSON*
HC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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The following information amends or supplements, as the case
may be, the information previously filed by Reliance Group
Holdings, Inc. ("RGH") relating to the ownership by it and its
subsidiaries of the class of securities (the "Security") listed on
the cover of this Schedule l3D.
ITEM 4.
The reporting person meets the requirements of Rule 13d-1(b)(1) of
the Securities Exchange Act of 1934, as amended and, therefore, will
make future filings with respect to shares of the Security on Schedule
13G.
ITEM 5. Interest in Securities of the Issuer.
This Statement is being filed because warrants to purchase 138,889
shares of the Security acquired by UPIC in December 1994 in connection
with the issuer's plan of reorganization have become exercisable within
60 days (the "Plan Warrants"). Including the Securities UPIC has the
right to acquire pursuant to the Plan Warrants, the Securities
beneficially owned total 1,133,158 shares (including currently
exercisable warrants to purchase 6 and 32 shares of the Security owned
directly by RGH and RIC, respectively) and, to the best knowledge of
RGH, comprise approximately 11.2% of the Securities outstanding (and
approximately 19% of the Common Stock, Series A of the Issuer
outstanding). Of the 1,133,158 shares beneficially owned by RGH, 82
shares (including currently exercisable warrants to purchase 6 shares of
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the Security) are owned directly by RGH, 300,459 shares (including currently
exercisable warrants to purchase 32 shares of the Security) are owned directly
by RIC and 832,617 shares (including the Plan Warrants) are owned directly by
UPIC. Each of RGH, RIC and UPIC has sole voting and dispositive power over
all of the shares of the Security directly owned by it.
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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.
Dated: November 17, 1995
RELIANCE GROUP HOLDINGS, INC.
By: /s/ Robert M. Steinberg
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Robert M. Steinberg
President
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