INTEREP NATIONAL RADIO SALES INC
SC 13G, 1999-12-21
RADIO BROADCASTING STATIONS
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                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C.

                                SCHEDULE 13G


                 UNDER THE SECURITIES EXCHANGE ACT OF 1934
                             (AMENDMENT _____)*


                     INTEREP NATIONAL RADIO SALES, INC.
- ---------------------------------------------------------------------------
                              (Name of Issuer)

              CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE
- ---------------------------------------------------------------------------
                       (Title of Class of Securities)

                                 45866V109
          -------------------------------------------------------
                               (CUSIP Number)

                              DECEMBER 9, 1999
          -------------------------------------------------------
          (Date of Event Which Requires Filing of this Statement)

     Check the appropriate box to designate the rule pursuant to which this
     Schedule is filed:
          |_|    Rule 13d-1(b)
          |X|    Rule 13d-1(c)
          |_|    Rule 13d-1(d)

     *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 the disclosures provided in a prior page.

     The information required in 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 (the "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 5 Pages
<PAGE>

CUSIP No. 45866V109         SCHEDULE 13G          Page 2 of 5 Pages


1   NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION
    NO. OF ABOVE PERSON (ENTITIES ONLY)

          CHILTON INVESTMENT COMPANY, INC.

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a)  [ ]
                                                         (b)  [ ]

3   SEC USE ONLY

4   CITIZENSHIP OR PLACE OF ORGANIZATION

          DELAWARE

  NUMBER OF      5  SOLE VOTING POWER

   SHARES                366,000

 BENEFICIALLY    6  SHARED VOTING POWER

OWNED BY EACH            0

 REPORTING       7  SOLE DISPOSITIVE POWER

PERSON WITH              366,000

                 8  SHARED DISPOSITIVE POWER

                         0

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          366,000

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)              [ ]
    EXCLUDES CERTAIN SHARES*

11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          6.8%

12  TYPE OF REPORTING PERSON*

          CO

                   *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1.

(a)  NAME OF ISSUER:  Interep National Radio Sales, Inc.

(b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

     100 Park Avenue
     New York, New York 10017

Item 2.

(a)-(c)   NAME OF PERSON FILING; ADDRESS OF PRINCIPAL BUSINESS OFFICE; AND
          CITIZENSHIP:

          Chilton Investment Company, Inc.
          65 Locust Avenue
          New Canaan, Connecticut.  06840


          Citizenship:   Delaware

2(d)      TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value
          $0.01 per share

2(e)      CUSIP NUMBER: 45866V109


Item 3.   IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
          13-2(b), CHECK WHETHER THE PERSON FILING IS A:


(a)[ ]    Broker or Dealer registered under Section 15 of the Act (15
          U.S.C. 78o);

(b)[ ]    Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)[ ]    Insurance Company as defined in Section 3(a)(19) of the Act (15
          U.S.C. 78c);

(d)[ ]    Investment Company registered under Section 8 of the Investment
          Company Act (15 U.S.C. 80a-8);

(e)[ ]    An investment advisor in accordance with Section
          240.13d-1(b)(1)(ii)(E);

(f)[ ]    An employee benefit plan or endowment fund in accordance with
          Section 240.13d-1(b)(1)(ii)(F);

(g)[ ]    A parent holding company or control person, in accordance with
          Section 240.13d-1(b)(1)(ii)(G);

(h)[ ]    A savings association as defined in Section 3(b) of the Federal
          Deposit Insurance Act (12 U.S.C. 1813);



                             Page 3 of 5 Pages
<PAGE>
(i)[ ]    A church plan that is excluded from the definition of an
          investment company under Section 3(c)(14) of the Investment
          Company Act of 1940 (15 U.S.C. 80a-3);


(j)[ ]    Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)


If this statement is filed pursuant to ss. 240.13d-1(c), check this box.  |X|


Item 4.   OWNERSHIP:


(a)       AMOUNT BENEFICIALLY OWNED: 366,000 shares of Common Stock.

(b)       PERCENT OF CLASS: 6.8%

(c)       NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

               (i)   sole power to vote or to direct the vote:

                     366,000

               (ii)  shared power to vote or to direct the vote:

                     0

               (iii) sole power to dispose or to direct the disposition of:

                     366,000

               (iv)  shared power to dispose or to direct the disposition of:

                     0


Item 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

          Not applicable.


Item 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

          Not applicable.



                             Page 4 of 5 Pages
<PAGE>
Item 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
          ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
          COMPANY:

          Not applicable.


Item 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

          Not applicable.


Item 9.   NOTICES OF DISSOLUTION OF GROUP:

          Not applicable.


Item 10.  CERTIFICATION:

          By signing below I certify that, to the best of my knowledge and
          belief, the securities referred to above were not acquired and
          are not held for the purpose of or with the effect of changing or
          influencing the control of the issuer of the securities and were
          not acquired and are not held in connection with or as a
          participant in any transaction having that purpose or effect.


                                 SIGNATURE

          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:  December 21, 1999

                                  CHILTON INVESTMENT COMPANY, INC.

                                  By:  /s/  Richard L. Chilton, Jr.
                                     -----------------------------------
                                     Name:  Richard L. Chilton, Jr.
                                     Title: Chairman and
                                            Chief Executive Officer



                             Page 5 of 5 Pages


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