CUSIP No. 836153-30-4
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Source Media, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
836153-30-4
(CUSIP Number)
January 5, 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-l(b)
|X| Rule 13d-1(c)
|_| Rule 13d-l(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 disclosure
provided in a prior cover 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 ("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. 836153-30-4
SCHEDULE 13G
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
EB Investor (Jersey) Limited
2 Check the Appropriate Box If a Member of a Group (See Instructions)
a. |_|
b. |X|
3 SEC Use Only
4 Citizenship or Place of Organization
Jersey, Channel Islands
5 Sole Voting Power
Number of 720,000
Shares
Beneficially 6 Shared Voting Power
Owned By 0
Each
Reporting 7 Sole Dispositive Power
Person 720,000
With
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
720,000
10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) |_|
11 Percent of Class Represented By Amount in Row 9
5.6%
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CUSIP No. 836153-30-4
12 Type of Reporting Person (See Instructions)
CO
Item 1.
(a) Name of Issuer
Source Media, Inc.
(b) Address of Issuer's Principal Executive Offices
5400 LBJ Freeway, Suite 680
Dallas, Texas 75240
Item 2.
(a) Name of Persons Filing
EB Investor (Jersey) Limited
(b) Address of Principal Business Office or, if none, Residence
c/o A&A Early Bird AG
Innere Guterstrasse 4
6304 Zug
Switzerland
(c) Citizenship
Jersey, Channel Islands
(d) Title of Class of Securities Common Stock, par value $.001 per share
(e) CUSIP Number
836153-03-4
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CUSIP No. 836153-30-4
Item 3. If this statement is filed pursuant to ss. 240.13d-l(b) or ss.
240.13d-2(b) or (c), 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 of 1940 (15 U.S.C. 80a-8);
(e) |_| An investment adviser in accordance with ss.
240.13d-l(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with ss.
240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with ss.
240.13d-l(b)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(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 ss. 240.13d-l(b)(1)(ii)(J).
If this statement is filed pursuant to ss. 240.13d-l(c), check this box. |X|
Item 4. Ownership (at February 23, 1999)
(a) Amount Beneficially Owned (See note to Item 4(a).)
720,000
(b) Percent of Class
5.6%
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CUSIP No. 836153-30-4
(c) Number of shares as to which such person has:
i) sole power to vote or to direct the vote
720,000
ii) shared power to vote or to direct the vote
0
iii) sole power to dispose or to direct the disposition of
720,000
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.
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.
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CUSIP No. 836153-30-4
Item 9. Notice 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.
February 23, 1999
-------------------------
Joachim Stahler
-------------------------
Authorized Representative
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