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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
People's Choice TV Corp.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
710847104
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) 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.
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CUSIP No. 710847104 13G Page 2 of 10 Pages
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1 Name of Reporting Person Steven A. Van Dyke
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
Number of
Shares 0
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Beneficially 6 Shared Voting Power
Owned by
845,595
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Each 7 Sole Dispositive Power
Reporting
0
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Person With 8 Shared Dispositive Power
845,595
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
845,595
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
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11 Percent of Class Represented by Amount in Row (9)
6.54%
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12 Type of Reporting Person
IN, HC
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CUSIP No. 710847104 13G Page 3 of 10 Pages
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1 Name of Reporting Person Douglas P. Teitelbaum
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
Number of
Shares 0
------------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by
845,595
------------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
0
------------------------------------------------------------------
Person With 8 Shared Dispositive Power
845,595
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
845,595
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
6.54%
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12 Type of Reporting Person
IN, HC
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CUSIP No. 710847104 13G Page 4 of 10 Pages
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1 Name of Reporting Person Tower Investment Group, Inc.
I.R.S. Identification No. of Above Person 59-2924229
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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5 Sole Voting Power
Number of
Shares 845,595
------------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by
0
------------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
845,595
------------------------------------------------------------------
Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
845,595
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
6.54%
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12 Type of Reporting Person
HC
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CUSIP No. 710847104 13G Page 5 of 10 Pages
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1 Name of Reporting Person Bay Harbour Management, L.C.
I.R.S. Identification No. of Above Person 59-3418243
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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5 Sole Voting Power
Number of
Shares 845,595
------------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by
0
------------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
845,595
------------------------------------------------------------------
Person With 8 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
845,595
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
6.54%
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12 Type of Reporting Person
IA
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CUSIP No. 710847104 13G Page 6 of 10 Pages
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Item 1(a) Name of Issuer:
People's Choice TV Corp. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
2 Corporate Drive
Shelton, Connecticut 06484
Item 2(a) Name of Person(s) Filing:
Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment Group,
Inc. ("Tower"), as the majority stockholder of Bay Harbour, Steven A.
Van Dyke ("Mr. Van Dyke"), in his capacity as a stockholder and
president of Tower, and Douglas P. Teitelbaum ("Mr. Teitelbaum"), in
his capacity as a stockholder of Tower.
Item 2(b) Address of Principal Business Office:
The principal business address of Bay Harbour, Tower and Mr. Van Dyke
is 777 South Harbour Island Boulevard, Suite 270, Tampa, Florida
33602. Mr. Teitelbaum's principal business address is 885 Third
Avenue, 34th Floor, New York, NY 10022.
Item 2(c) Citizenship:
Bay Harbour - Florida
Tower - Florida
Mr. Van Dyke - United States
Mr. Teitelbaum - United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share, of People's Choice TV Corp.
("People's Choice Common Stock")
Item 2(e) CUSIP Number:
710847104
Item 3 The persons filing are:
Bay Harbour is an investment adviser registered under Section 203 of
the Investment Advisers Act of 1940.
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CUSIP No. 710847104 13G Page 7 of 10 Pages
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Tower is a parent holding company of Bay Harbour.
Mr. Van Dyke is a "parent holding company" of Bay Harbour.
Mr. Teitelbaum is a "parent holding company" of Bay Harbour.
Item 4(a) Amount Beneficially Owned:
As of December 31, 1998, Bay Harbour may be deemed to be the
beneficial owner of 845,595 shares of People's Choice Common Stock as
a result of voting and dispositive power that it held with respect to
the 845,595 shares People's Choice Common Stock held for the account
of four private investment funds and two managed accounts.
As of December 31, 1998, Tower may be deemed to be the beneficial
owner of 845,595 shares of People's Choice Common Stock deemed
to be beneficially owned by Bay Harbour referred to above. Tower is
the majority stockholder of Bay Harbour.
As of December 31, 1998, Mr. Van Dyke may be deemed beneficial owner
of 845,595 shares of People's Choice Common Stock deemed to be
beneficially owned by Bay Harbour as referred to above. Mr. Van Dyke
is a stockholder and president of Tower.
As of December 31, 1998, Mr. Teitelbaum may be deemed the beneficial
owner of 845,595 shares of People's Choice Common Stock deemed to be
beneficially owned by Bay Harbour as referred to above. Mr.
Teitelbaum is a stockholder of Tower.
Item 4(b) Percent of Class:
6.54%
Item 4(c) Number of shares as to which Bay Harbour has:
(i) sole power to vote or direct the vote: 845,595
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
845,595
(iv) shared power to dispose of or to direct the disposition of: 0
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CUSIP No. 710847104 13G Page 8 of 10 Pages
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Number of shares as to which Tower has:
(i) sole power to vote or direct the vote: 845,595
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
845,595
(iv) shared power to dispose of or to direct the disposition of: 0
Number of shares as to which Mr. Van Dyke has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 845,595
(iii) the sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of:
845,595
Number of shares as to which Mr. Teitelbaum has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 845,595
(iii) the sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of:
845,595
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than 5% on Behalf of Another Person.
The limited partners of the partnerships and the investors in the
managed accounts for which Bay Harbour acts as an investment adviser
have the right to participate in the receipt of dividends from, or
proceeds from the sale of, securities held by their funds or accounts,
as the case may be. Except for Trophy Hunter Investments, Ltd., no
such fund, single limited partner of any of such funds nor any
investor in a managed account holds a beneficial interest in the
People's Choice Common Stock which would cause such person to be
deemed the beneficial owner of more than five percent of the
outstanding People's Choice Common Stock.
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CUSIP No. 710847104 13G Page 9 of 10 Pages
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
See Item 3 hereof.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of the Group.
Not applicable.
Item 10. Certification.
By signing below each of the undersigned certifies that, to the best
of such person's knowledge and belief, the securities referred to
above were acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction
having that purpose or effect.
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CUSIP No. 710847104 13G Page 10 of 10 Pages
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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certify that the information set forth in this statement
is true, complete and correct.
Date: February 11, 1999 BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
___________________________________
Name: Steven A. Van Dyke
Title: President
Date: February 11, 1999 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
__________________________________
Name: Steven A. Van Dyke
Title: President
/s/ Steven A. Van Dyke
Date: February 11, 1999 _____________________________________
Steven A. Van Dyke
/s/ Douglas P. Teitelbaum
Date: February 11, 1999 _____________________________________
Douglas P. Teitelbaum
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Exhibit Index
Exhibit I Joint Filing Agreement, dated February 11, 1999, by and among Bay
Harbour Management, L.C., Tower Investment Group, Inc., Steven A.
Van Dyke and Douglas P. Teitelbaum.
<PAGE>
Exhibit I
Joint Filing Agreement
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed in counterparts and each of such
counterparts taken together shall constitute one and the same instrument.
Date: February 11, 1999 BAY HARBOUR MANAGEMENT, L.C.
/s/ Steven A. Van Dyke
By: ____________________________________
Name: Steven A. Van Dyke
Title: President
Date: February 11, 1999 TOWER INVESTMENT GROUP, INC.
/s/ Steven A. Van Dyke
By: ____________________________________
Name: Steven A. Van Dyke
Title: President
/s/ Steven A. Van Dyke
Date: February 11, 1999 ________________________________________
Steven A. Van Dyke
/s/ Douglas P. Teitelbaum
Date: February 11, 1999 ________________________________________
Douglas P. Teitelbaum
