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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
--------------------------- Washington, D.C. 20549
[_] Check this box
if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
of Section 16. Form 4
or Form 5 obligations Filed pursuant to Section 16(a) of the Securities Exchange
may continue. See Act of 1934 Section 17(a) of the Public Utility Holding
Instruction 1(b). Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
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________________________________________________________________________________
1. Name and Address of Reporting Person*
Saperstein David I.
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(Last) (First) (Middle)
c/o Weinstein, Spira & Company
2200 Five Greenway Plaza
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(Street)
Houston, Texas 70046
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Westwood One, Inc. (WON)
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3. IRS Identification Number of Reporting Person, if an entity (voluntary)
________________________________________________________________________________
4. Statement for Month/Year
August 2000
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5. If Amendment, Date of Original (Month/Year)
________________________________________________________________________________
6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director X 10% Owner
--- ---
Officer (give title below) Other (specify below)
--- ---
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
X Form filed by one reporting person
---
Form filed by more than one reporting person
---
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock 12,920,516 1/ D
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Common Stock 8/24/00 12,780 D $30.1103 1,170,465 1/ I 2/
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Page 1 of 2
NY-299728.1
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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[Explanation of Responses]:
1/ These amounts give effect to Westwood One, Inc.'s two for one common stock
split which took effect on March 23, 2000.
2/ These shares are held in each of three Trusts for the benefit of the
reporting person's minor children. The reporting person's spouse is trustee of
each of these Trusts. Each Trust disposed of (a post-split equivalent of)
4,260 shares of common stock in open market transactions.
DAVID I. SAPERSTEIN
/s/ DAVID I. SAPERSTEIN 9/7/00
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**Signature of Reporting Person Date
** Intentional misstatements 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 is insufficient, see Instruction 6 for procedure.
SEC 1474 (3/91)
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