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SECURITIES UNITED STATES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Telemundo Group, Inc.
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(Name of Issuer)
Series A Common Stock, $0.01 Par 87943M306
Value
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(Title of Class of Securities) (CUSIP Number)
Dennis J. Block, Esq.
Weil, Gotshal & Manges
767 Fifth Avenue
New York, N.Y. 10153
(212) 310-8000
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
March 14, 1995
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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 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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CUSIP No. 87943M306 13D
1 NAME OF REPORTING PERSON: Nugget Partners, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [_]
3 SEC USE ONLY
4 SOURCE OF FUNDS:* WC; OO (See response to item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [_]
REQUIRED PURSUANT TO ITEM 2(D) OR 2(E):
6 CITIZENSHIP OR PLACE OF New Jersey
ORGANIZATION:
7 SOLE VOTING POWER: 540,030 shares
NUMBER OF (See response to Item 5)
SHARES ---
BENEFICIALLY 8 SHARED VOTING POWER: None
OWNED BY (See response to Item 5)
EACH ---
REPORTING 9 SOLE DISPOSITIVE POWER: 540,030 shares
PERSON WITH (See response to Item 5)
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10 SHARED DISPOSITIVE None
POWER: (See response to Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY 540,030 shares
OWNED BY REPORTING PERSON:
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.3%
14 TYPE OF REPORTING PERSON:* PN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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This statement amends and supplements the initial statement
on Schedule 13D filed with the Securities and Exchange Commission (the
"Commission") on February 24, 1995, by Nugget Partners, L.P., a New
Jersey limited partnership whose sole general partner is Arthur M.
Goldberg ("Nugget"), with respect to its ownership of Series A Common
Stock, par value $0.01 per share (the "Series A Stock"), of Telemundo
Group, Inc., a Delaware corporation (the "Issuer").
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 is hereby amended and supplemented by the addition of
the following information:
Since February 24, 1995, the date of Nugget's most recent
and initial filing on Schedule 13D, Nugget purchased a total of 50,000
shares of Series A Stock for a total consideration of $448,906.25,
excluding brokerage commissions. Such purchases were made using
Nugget's partnership working capital funds and margin borrowings
through an account at Jefferies & Company, Inc..
Item 4. Purpose of Transaction.
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Item 4 is hereby amended and supplemented by the addition of
the following information:
Pursuant to the Issuer's Restated Certificate of
Incorporation, Arthur M. Goldberg has been designated as a Series A
Director of the Issuer and Mr. Goldberg will be a member of the
Issuer's Board of Directors.
Item 5. Interest in Securities of the Issuer
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Item 5 is hereby amended and supplemented by the addition of
the following information:
(a) Items 7 through 11 and 13 of the cover page of this
Schedule 13D which relate to the beneficial ownership of Series A
Stock of the Issuer by Nugget are hereby incorporated by reference in
this response.
As of March 16, 1995, Nugget directly owned 540,030 shares
of Series A Stock, constituting approximately 12.3% of the outstanding
shares of Series A Stock. Such percentage is based upon 4,388,394
shares of Series A Stock outstanding as of
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December 30, 1994, as described in the Issuer's Current Report on Form
8-K dated December 30, 1994, as filed with the Commission.
As a result of Mr. Goldberg being the sole general partner
of Nugget, Mr. Goldberg may be deemed the beneficial owner (as defined
in Rule 13d-3 promulgated by the Commission under the Securities
Exchange Act of 1934, as amended) of the shares of Series A Stock
directly owned by Nugget. Accordingly, Mr. Goldberg may be deemed to
be the beneficial owner of 540,030 shares of Series A Stock,
constituting approximately 12.3% of the outstanding shares of Series A
Stock based upon 4,388,394 shares of Series A Stock outstanding as of
December 30, 1994.
(b) Items 7 through 10 of the cover pages of this Schedule
13D which relate to Nugget's voting and dispositive power with respect
to the shares of Series A Stock which it directly beneficially owns
are hereby incorporated by reference in this response.
(c) Since February 24, 1995, the date of Nugget's most
recent and initial filing on Schedule 13D, Nugget has effected the
following purchases of the Series A Stock on The Nasdaq Stock Market:
<TABLE>
<CAPTION>
Price
Date Shares Per Share
---- ------ ---------
<S> <C> <C>
3/01/95 7,000 8.3125
3/03/95 5,000 8.2500
3/03/95 5,000 8.2500
3/13/95 5,000 9.1250
3/13/95 5,000 9.1250
3/13/95 3,000 9.1250
3/13/95 7,000 9.1350
3/14/95 2,500 9.1250
3/14/95 12,500 9.5625
</TABLE>
Neither Nugget nor Mr. Goldberg has effected any other
transaction in the Series A Stock since February 24, 1995.
(d) Not applicable.
(e) Not applicable.
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SIGNATURE
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After reasonable inquiry and to the best of its knowledge
and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Dated: March 16, 1995
NUGGET PARTNERS, L.P.
By: /s/ Arthur M. Goldberg
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Arthur M. Goldberg
General Partner
