SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CHANCELLOR MEDIA CORPORATION
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
158915 10 8
(CUSIP Number)
Thomas O. Hicks
200 Crescent Court, Suite 1600
Dallas, Texas 75201
(214) 740-7300
(Name, address and telephone number of person
authorized to receive notices and communications)
February 17, 1998
(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(e), (f) or (g), check the following box .
(Continued on following pages)
<PAGE>
- ---------------------------- ---------------------------------
CUSIP No. 158915 10 8 13D Page 2
- ---------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mr. Thomas O. Hicks
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 1,125,705
BENEFICIALLY
OWNED BY ----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 15,318,666
WITH
-----------------------------------------
9 SOLE DISPOSITIVE POWER
1,125,705
-----------------------------------------
10 SHARED DISPOSITIVE POWER
15,318,666
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,444,371
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- ------------------------------ -------------------------------
CUSIP No. 158915 10 8 13D Page 3
- ------------------------------ -------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/Chancellor, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 13,127,402
WITH ----------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------
10 SHARED DISPOSITIVE POWER
13,127,402
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,127,402
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- -------------------------------- -----------------------------
CUSIP No. 158915 10 8 13D Page 4
- -------------------------------- -----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/Chancellor GP, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY ----------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 13,127,402
WITH
----------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------
10 SHARED DISPOSITIVE POWER
13,127,402
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,127,402
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- --------------------------------- -------------------------------
CUSIP No. 158915 10 8 13D Page 5
- --------------------------------- -------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/Chancellor Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 13,127,402
WITH
----------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------
10 SHARED DISPOSITIVE POWER
13,127,402
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,127,402
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- ----------------------------------- -----------------------------
CUSIP No. 158915 10 8 13D Page 6
- ----------------------------------- -----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/HMW, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ----------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 2,155,514
----------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------
10 SHARED DISPOSITIVE POWER
2,155,514
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,155,514
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- --------------------------------- --------------------------------
CUSIP No. 158915 10 8 13D Page 7
- --------------------------------- --------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hicks, Muse, Tate & Furst Equity Fund II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY -----------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 2,170,448
-----------------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------------
10 SHARED DISPOSITIVE POWER
2,170,448
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,170,448
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 158915 10 8 13D Page 8
- --------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/Chancellor Trust
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY --------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 0
--------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- ------------------------------- ---------------------------------
CUSIP No. 158915 10 8 13D Page 9
- ------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/GP Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY -----------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 2,170,448
-----------------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------------
10 SHARED DISPOSITIVE POWER
2,170,448
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,170,448
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- ------------------------------- ----------------------------------
CUSIP No. 158915 10 8 13D Page 10
- ------------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hicks, Muse GP Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 2,170,448
------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------
10 SHARED DISPOSITIVE POWER
2,170,448
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,170,448
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- ------------------------------ ------------------------------------
CUSIP No. 158915 10 8 13D Page 11
- ------------------------------ ------------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hicks, Muse Fund II Incorporated
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 2,170,448
------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------
10 SHARED DISPOSITIVE POWER
2,170,448
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,170,448
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
- ----------------------------- -----------------------------------
CUSIP No. 158915 10 8 13D Page 12
- ----------------------------- -----------------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM2/HMD Sacramento GP, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 0
------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Item 5.
================================================================================
<PAGE>
This Amendment No. 1 to Schedule 13D amends and supplements the Statement
on Schedule 13D initially filed with the Securities and Exchange Commission (the
"SEC") on or about September 15, 1997 (the "Schedule 13D"), by Thomas O. Hicks,
HM2/Chancellor, L.P., HM2/Chancellor GP, L.P., HM2/Chancellor Holdings, Inc.,
HM2/HMW, L.P., Hicks, Muse, Tate & Furst Equity Fund II, L.P., HM2/Chancellor
Trust, HM2/GP Partners, L.P., Hicks, Muse GP Partners, L.P., Hicks, Muse Fund II
Incorporated, and HM2/HMD Sacramento GP, L.P. (collectively, the "Filing
Parties"), with respect to the Common Stock, $0.01 par value, of Chancellor
Media Corporation (the "Company"). Unless otherwise indicated, capitalized terms
used herein shall have the respective meanings given such terms in the Schedule
13D. All share numbers reflect a 2-for-1 stock split effected by the Company in
January 1998 by way of a 100% stock dividend.
Item 3. Source and Amount of Funds
Effective as of February 17, 1998, the Chancellor Trust effected a
distribution of 2,448,752 shares of Common Stock to the unitholders of the
Chancellor Trust in accordance with the terms of its organizational documents,
including 453,784 shares to HM2/GP Partners. As a result of the foregoing
distribution, the Chancellor Trust no longer beneficially owns any shares of
Common Stock.
Effective as of February 27, 1998, HM2/GP Partners, Hicks Muse Partners and
HM2/HMD Sacramento effected a pro rata distribution of 453,784, 6,960 and 300
shares of Common Stock, respectively, to their respective partners, including
154,123 shares to Thomas O. Hicks and 14,716 shares to Mr. Hicks as co-trustee
of a trust for the benefit of unrelated parties. As a result of the foregoing
distributions, HM2/HMD Sacramento no longer beneficially owns any shares of
Common Stock.
Page 13
<PAGE>
Item 5. Interest in Securities of Issuer
(a)
(1) Mr. Hicks may be deemed to beneficially own in the aggregate
16,444,371 shares of the Common Stock of the Company, representing
approximately 13.8% of the outstanding shares of Common Stock. Of such
shares, Mr. Hicks has sole voting and dispositive power with respect to
1,125,705 shares, and shared voting and dispositive power with respect to
15,318,666 shares as a result of the relationships described in paragraph
(b)(1) below.
(2) HM2/Chancellor may be deemed to beneficially own in the
aggregate 13,127,402 shares of the Common Stock of the Company, representing
approximately 11.0% of the outstanding shares of Common Stock. Of such
shares, HM2/Chancellor has sole voting and dispositive power with respect to
no shares, and shared voting and dispositive power with respect to
13,127,402 shares as a result of the relationships described in paragraph
(b)(2) below.
(3) HM2/Chancellor GP may be deemed to beneficially own in the
aggregate 13,127,402 shares of the Common Stock of the Company, representing
approximately 11.0% of the outstanding shares of Common Stock. Of such
shares, HM2/Chancellor GP has sole voting and dispositive power with respect
to no shares, and shared voting and dispositive power with respect to
13,127,402 shares as a result of the relationships described in paragraph
(b)(3) below.
Page 14
<PAGE>
(4) HM2/Chancellor Holdings may be deemed to beneficially own in
the aggregate 13,127,402 shares of the Common Stock of the Company,
representing approximately 11.0% of the outstanding shares of Common Stock.
Of such shares, HM2/Chancellor Holdings has sole voting and dispositive
power with respect to no shares, and shared voting and dispositive power
with respect to 13,127,402 shares as a result of the relationships described
in paragraph (b)(4) below.
(5) HM2/HMW may be deemed to beneficially own in the aggregate
2,155,514 shares of the Common Stock of the Company, representing
approximately 1.8% of the outstanding shares of Common Stock. Of such
shares, HM2/HMW has sole voting and dispositive power with respect to no
shares, and shared voting and dispositive power with respect to 2,155,514
shares as a result of the relationships described in paragraph (b)(5) below.
(6) HM Fund II may be deemed to beneficially own in the aggregate
2,170,448 shares of the Common Stock of the Company, representing
approximately 1.8% of the outstanding shares of Common Stock. Of such
shares, HM Fund II has sole voting and dispositive power with respect to no
shares, and shared voting and dispositive power with respect to 2,170,448
shares as a result of the relationships described in paragraph (b)(6) below.
(7) Following the distributions described in Item 3, the Chancellor
Trust owned no shares of the Common Stock of the Company.
(8) Following the distributions described in Item 3, HM2/GP
Partners may be deemed to beneficially own in the aggregate 2,170,448 shares
of the Common Stock of the Company, representing approximately 1.8% of the
outstanding shares of Common Stock. Of such shares, HM2/GP Partners has sole
voting and dispositive power with respect to no shares, and shared voting
and dispositive power with respect to 2,170,448 shares as a result of the
relationships described in paragraph (b)(8) below.
(9) Following the distributions described in Item 3, Hicks Muse
Partners may be deemed to beneficially own in the aggregate 2,170,448 shares
of the Common Stock of the Company, representing approximately 1.8% of the
outstanding shares of Common Stock. Of such shares, Hicks Muse Partners has
sole voting and dispositive power with respect to no shares, and shared
voting and dispositive power with respect to 2,170,448 shares as a result of
the relationships described in paragraph (b)(9) below.
(10) Following the distributions described in Item 3, Fund II
Incorporated may be deemed to beneficially own in
Page 15
<PAGE>
the aggregate 2,170,448 shares of the Common Stock of the Company,
representing approximately 1.8% of the outstanding shares of Common Stock.
Of such shares, Fund II Incorporated has sole voting and dispositive power
with respect to no shares, and shared voting and dispositive power with
respect to 2,170,448 shares as a result of the relationships described in
paragraph (b)(10) below.
(11) Following the distributions described in Item 3, HM2/HMD owned
no shares of the Common Stock of the Company.
(b)
(1) Of the 1,125,705 shares of Common Stock for which Mr. Hicks has
sole voting and dispositive power, 778,969 shares are held of record by Mr.
Hicks, and 346,736 shares are held of record by Mr. Hicks as the trustee of
certain trusts for the benefit of Mr. Hicks' children. Of the 15,318,666
shares of Common Stock for which Mr. Hicks has shared voting and dispositive
power, 20,816 shares are owned by Mr. Hicks of record as the co-trustee of a
trust for the benefit of unrelated parties, and 15,297,850 of such shares
are owned of record by the following entities as follows: 13,127,402 shares
of Common Stock are owned of record by HM2/Chancellor; 2,155,514 shares of
Common Stock are owned of record by HM2/HMW; and 14,934 shares of Common
Stock are owned of record by HM Fund II.
HM2/Chancellor GP is the general partner of HM2/Chancellor and,
therefore, may be deemed to be the beneficial owner of the shares of Common
Stock owned of record by HM2/Chancellor. HM2/Chancellor Holdings is the
general partner of HM2/Chancellor GP and, therefore, may be deemed to be the
beneficial owner of the shares beneficially owned by HM2/Chancellor GP. Mr.
Hicks is the sole director and owns all of the outstanding shares of capital
stock of HM2/Chancellor Holdings and, therefore, may be deemed to be the
beneficial owner of the shares of Common Stock beneficially owned by
HM2/Chancellor Holdings.
HM Fund II is the general partner of HM2/HMW and, therefore, may be
deemed to be the beneficial owner of the shares held of record by HM2/HMW.
HM2/GP Partners is the general partner of HM Fund II and, therefore, may be
deemed to be the beneficial owner of the shares held of record and
beneficially owned by HM Fund II. Hicks Muse Partners is the general partner
of HM2/GP Partners and, therefore, may be deemed to be the beneficial owner
of the shares beneficially owned by HM2/GP Partners. Fund II Incorporated is
the general partner of Hicks Muse Partners and, therefore, may be deemed to
be the beneficial owner of the shares beneficially owned by Hicks Muse
Partners. Mr. Hicks is the controlling stockholder, Chairman of the Board,
Chief
Page 16
<PAGE>
Executive Officer and Secretary of Fund II Incorporated and, therefore, may
be deemed to beneficially own all or a portion of the shares of Common Stock
beneficially owned by Fund II Incorporated.
(2) Of the 13,127,402 shares of Common Stock for which
HM2/Chancellor has shared voting and dispositive power, 13,127,402 of such
shares are held of record by HM2/Chancellor.
(3) Of the 13,127,402 shares of Common Stock for which
HM2/Chancellor GP has shared voting and dispositive power, none of such
shares are held of record by HM2/Chancellor GP, and 13,127,402 of such
shares are held of record by HM2/Chancellor. HM2/Chancellor GP is the
general partner of HM2/Chancellor and, therefore, may be deemed to be the
beneficial owner of the shares owned of record by HM2/Chancellor.
(4) Of the 13,127,402 shares of Common Stock for which
HM2/Chancellor Holdings has shared voting and dispositive power, none of
such shares are held of record by HM2/Chancellor Holdings, and 13,127,402 of
such shares may be beneficially owned by HM2/Chancellor GP. HM2/Chancellor
Holdings is the general partner of HM2/Chancellor GP and, therefore, may be
deemed to be the beneficial owner of the shares beneficially owned by
HM2/Chancellor GP.
(5) Of the 2,155,514 shares of Common Stock for which HM2/HMW has
shared voting and dispositive power, 2,155,514 of such shares are held of
record by HM2/HMW.
(6) Of the 2,170,448 shares of Common Stock for which HM Fund II
has shared voting and dispositive power, 14,934 of such shares are held of
record by HM Fund II, and 2,155,514 of such shares are held of record by
HM2/HMW. HM Fund II is the general partner of HM2/HMW and, therefore, may be
deemed to be the beneficial owner of the shares held of record by HM2/HMW.
(7) [Intentionally omitted.]
(8) Of the 2,170,448 shares of Common Stock for which HM2/GP
Partners has shared voting and dispositive power, none of such shares are
held of record by HM2/GP Partners, and 2,170,448 of such shares are held of
record and beneficially by HM Fund II. HM2/GP Partners is the general
partner of HM Fund II and, therefore, may be deemed to be the beneficial
owner of the shares held of record and beneficially owned by HM Fund II.
(9) Of the 2,170,448 shares of Common Stock for which Hicks Muse
Partners has shared voting and dispositive power, none of such shares are
held of record by Hicks Muse
Page 17
<PAGE>
Partners, and 2,170,448 of such shares are beneficially owned by HM2/GP
Partners. Hicks Muse Partners is the general partner of HM2/GP Partners and,
therefore, may be deemed to be the beneficial owner of the shares
beneficially owned by HM2/GP Partners.
(10) Of the 2,170,448 shares of Common Stock for which Fund II
Incorporated has shared voting and dispositive power, none of such shares
are held of record by Fund II Incorporated, and 2,170,448 of such shares may
be beneficially owned by Hicks Muse Partners. Fund II Incorporated is the
general partner of Hicks Muse Partners and, therefore, may be deemed to be
the beneficial owner of the shares beneficially owned by Hicks Muse
Partners.
Each of the Filing Parties expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares of Common Stock
covered by this Schedule 13D not owned by him or it of record.
(c) See Item 3.
(d) The right to receive dividends on, and proceeds from the sale of, the
shares of Common Stock held of record by HM2/Chancellor, HM2/HMW, and HM Fund II
described in paragraphs (a) and (b) above is governed by the limited partnership
agreements of each of such entities, and such dividends or proceeds may be
distributed with respect to numerous general and limited partnership interests.
(e) As of February 17, 1998, the Chancellor Trust ceased to beneficially own
any shares of Common Stock. As of February 27, 1998, HM2/HMD Sacramento ceased
to beneficially own any shares of Common Stock.
Page 18
<PAGE>
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.
March 20, 1998 By: *
- ----------------- ---------------------------------------
Date Name: Thomas O. Hicks
*By: /s/ David W. Knickel
--------------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HICKS, MUSE FUND II INCORPORATED
- -----------------
Date By: *
--------------------------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
--------------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HICKS, MUSE GP PARTNERS, L.P.
- -----------------
Date
By: HICKS, MUSE FUND II
INCORPORATED, its general partner
By: *
---------------------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
---------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/GP PARTNERS, L.P.
- -----------------
Date
By: HICKS, MUSE GP PARTNERS, L.P., its
general partner
By: HICKS, MUSE FUND II INCORPORATED,
its general partner
By: *
----------------------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
----------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HICKS, MUSE, TATE & FURST EQUITY
- ------------------ FUND II, L.P.
Date
By: HM2/GP PARTNERS, L.P., its general
partner
By: HICKS, MUSE GP PARTNERS, L.P., its
general partner
By: HICKS, MUSE FUND II INCORPORATED,
its general partner
By: *
---------------------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
---------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/HMW, L.P.
- ------------------
Date
By: HICKS, MUSE, TATE & FURST EQUITY
FUND II, L.P., its general partner
By: HM2/GP PARTNERS, L.P., its general
partner
By: HICKS, MUSE GP PARTNERS, its
general partner
By: HICKS, MUSE FUND II INCORPORATED,
its general partner
By: *
--------------------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
-------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/CHANCELLOR, L.P.
- ------------------
Date
By: HM2/CHANCELLOR GP, L.P., its
general partner
By: HM2/CHANCELLOR HOLDINGS, INC.,
its general partner
By: *
----------------------------
Name: Thomas O. Hicks
Title: President
*By: /s/ David W. Knickel
----------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/CHANCELLOR GP, L.P.
- ------------------
Date
By: HM2/CHANCELLOR HOLDINGS, INC.,
its general partner
By: *
---------------------------------
Name: Thomas O. Hicks
Title: President
*By: /s/ David W. Knickel
---------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/CHANCELLOR HOLDINGS, INC.
- ------------------
Date
By: *
--------------------------------------
Name: Thomas O. Hicks
Title: President
*By: /s/ David W. Knickel
--------------------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/HMD SACRAMENTO GP, L.P.
- ----------------
Date
By: HICKS, MUSE GP PARTNERS, L.P.,
its general partner
By: HICKS, MUSE FUND II
INCORPORATED, its general
partner
By: *
----------------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
----------------------------
David W. Knickel,
Attorney-in-Fact
<PAGE>
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.
March 20, 1998 HM2/CHANCELLOR TRUST
- ------------------
Date
By: HM2/GP PARTNERS, L.P., its
manager
By: HICKS, MUSE GP PARTNERS, L.P.,
its general partner
By: HICKS, MUSE FUND II
INCORPORATED, its general
partner
By: *
-----------------------
Name: Thomas O. Hicks
Title: Chairman and Chief
Executive Officer
*By: /s/ David W. Knickel
-----------------------
David W. Knickel,
Attorney-in-Fact
