TIMES MIRROR ESOT/PLANK JACK L/SIMPSON JAMES R/ ET AL
SC 13G/A, 1998-02-12
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

            Information Statement Pursuant to Rules 13d-1 and 13d-2
                 Under the Securities and Exchange Act of 1934

                               (Amendment No. 9)


                            The Times Mirror Company
                            ------------------------
                                (Name of Issuer)


                             Common Stock, Series C
                             ----------------------
                         (Title of Class of Securities)


                                  887364 30 5
                                  -----------
                                 (CUSIP Number)



                               Page 1 of 5 pages
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 887364 30 5                 13G               PAGE 2  OF 5  PAGES
- -----------------------                                  ---------------------
  Schedule 13G
  Amendment No. 9 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      THE TIMES MIRROR EMPLOYEE STOCK OWNERSHIP TRUST

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      CALIFORNIA

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            0        
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          1,620,549
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             0             
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          1,620,549
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      1,620,549

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
 
      Not Applicable                                            
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      6.35%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      EP (EMPLOYEE BENEFIT PLAN)

- ------------------------------------------------------------------------------
<PAGE>
 
CUSIP No. 887364 30 5                            13G          Page 3 of 5 Pages
- ---------------------                                         -----------------
Schedule 13G
Amendment No. 9

Item 1(a)  Name of Issuer:
           -------------- 

               The Times Mirror Company

Item 1(b)  Address of Issuer's Principal Executive Offices:
           ----------------------------------------------- 

               Times Mirror Square
               Los Angeles, CA  90053

Item 2(a)  Name of Person Filing:
           --------------------- 

               The Times Mirror Employee Stock Ownership Trust

Item 2(b)  Address of Principal Business Office:
           ------------------------------------ 

               Times Mirror Square
               Los Angeles, CA  90053

Item 2(c)  Citizenship
           -----------

               California
                 
Item 2(d)  Title of Class of Securities
           ----------------------------

               Common Stock, Series C

Item 2(e)  CUSIP Number
           ------------

               887364 30 5

Item 3    If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
          check whether the person filing is an:
          -----------------------------------------------------------------

             (f)  Employee Benefit Plan

Item 4    Ownership
          ---------

             (a)  Amount Beneficially Owned:
                  ------------------------- 

                     1,620,549 shares of Series C Common Stock in The
                     Times Mirror Employee Stock Ownership Plan allocated
                     and unallocated accounts as of December 31, 1997.
<PAGE>
 
CUSIP No. 887364 30 5                            13G           Page 4 of 5 Pages
- ---------------------                                          -----------------
Schedule 13G
Amendment No. 9

     (b)  Percent of Class:
          ---------------- 

              6.35%

     (c)  Number of shares as to which such person has:
          -------------------------------------------- 

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

              0

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

              1,620,549

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

              0

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

              1,620,549

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

Item 9    Notice of Dissolution of Group:
          ------------------------------ 

                Not applicable
<PAGE>
 
CUSIP No. 887364 30 5                            13G    Page 5 of 5 Pages
- ---------------------                                   -----------------
Schedule 13G
Amendment No. 9

Item 10  Certification:
         ------------- 

         By signing below I certify that, to the best of my 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 such 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.



                                         THE TIMES MIRROR EMPLOYEE
                                         STOCK OWNERSHIP TRUST


                                               /s/ CAROL A. NUNNELLY
Date:  February 12, 1998                 By:   __________________________
                                               Carol A. Nunnelly, Manager
                                               Defined Contribution Plans


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