<PAGE>
Filed Pursuant to Rule 424(b)(3) and (c)
Registration File No.: 333-06793
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PROSPECTUS SUPPLEMENT NO. 3
dated November 7, 1996
(To Prospectus dated July 18, 1996)
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SFX BROADCASTING, INC.
This Prospectus Supplement supplements the Prospectus dated July 18,
1996 (the "Prospectus") by SFX Broadcasting, Inc. ("SFX") relating to the
resale by certain securityholders of SFX of certain shares of Series D
Cumulative Convertible Exchangeable Preferred Stock (the "Series D Preferred
Stock") of SFX, upon the terms and subject to the conditions set forth in the
Prospectus.
This Prospectus Supplement should be read in conjunction with the
Prospectus, and this Prospectus Supplement is qualified by reference to the
Prospectus except to the extent that the information herein contained
supersedes the information contained in the Prospectus.
The date of this Prospectus Supplement is November 7, 1996
<PAGE>
This Prospectus Supplement No. 3 dated November 7, 1996, hereby further
amends the Prospectus dated July 18, 1996, Prospectus Supplement No. 1 dated
October 1, 1996, and Prospectus No. 2 dated October 18, 1996 as follows:
The section of the Prospectus entitled "Selling Securityholders" is
hereby amended by adding the following table:
<TABLE>
<CAPTION>
BENEFICIAL OWNERSHIP BENEFICIAL OWNERSHIP
ON THE DATE HEREOF AFTER SALE*
------------------ ----------
NUMBER OF
NUMBER OF PERCENT OF SHARES TO NUMBER OF PERCENT OF
NAME SHARES CLASS BE OFFERED SHARES CLASS
---- ------ ----- ---------- ------ -----
<S> <C> <C> <C> <C> <C>
Baker Nye Securities, L.P. 5,000 ** 5,000 0 **
Bond Fund Series 30,000 1.0 30,000 0 **
Oppenheimer Bond Fund for
Growth
Phoenix Income & Growth 25,000 ** 25,000 0 **
Millennium Trading Co., L.P. 5,000 ** 5,000 0 **
Oppenheimer Variable 5,000 ** 5,000 0 **
Account Funds for the
account of Oppenheimer
Growth & Income Fund
Oppenheimer Main Street 105,000 3.5 105,000 0 **
Funds, Inc. for the account
of Oppenheimer Main Street
Income & Growth Fund
Forest Fulcrum, Ltd. 72,500 2.4 72,500 0 **
Forest Fulcrum Fund, L.P. 152,500 5.1 152,500 0 **
Q Investments, L.P. 18,750 ** 18,750 0 **
Highbridge Capital Corp. 6,250 ** 6,250 0 **
</TABLE>
<TABLE>
<CAPTION>
BENEFICIAL OWNERSHIP BENEFICIAL OWNERSHIP
ON THE DATE HEREOF AFTER SALE*
------------------ ----------
NUMBER OF
NUMBER OF PERCENT OF SHARES TO NUMBER OF PERCENT OF
NAME SHARES CLASS BE OFFERED SHARES CLASS
---- ------ ----- ---------- ------ -----
<S> <C> <C> <C> <C> <C>
Solomon Brothers U.S. 4,500 ** 4,500 0 **
Hybrid Equity Fund c/o
Solomon Brothers Asset
Management
Bank of America 4,700 ** 4,700 0 **
Convertible Securities Fund
Bank of America Illinois 2,200 ** 2,200 0 **
Employee Benefit
Convertible Securities Fund
Pacific Horizon Capital 52,000 1.7 52,000 0 **
Income Fund
Northstar Income and 95,000 3.1 95,000 0 **
Growth Fund
Northstar Income and 5,000 ** 5,000 0 **
Growth Fund-Variable
Annuity
Allstate Insurance Company 55,000 1.8 55,000 0 **
TCW Convertible Value 26,200 ** 26,200 0 **
Fund
General Motors Salaried 63,500 2.1 63,500 0 **
Employees Convertible Fund
State of Michigan 16,900 ** 16,900 0 **
Employees Retirement Fund
TCW Convertible Securities 39,200 1.3 39,200 0 **
Fund
</TABLE>
<TABLE>
<CAPTION>
BENEFICIAL OWNERSHIP BENEFICIAL OWNERSHIP
ON THE DATE HEREOF AFTER SALE*
------------------ ----------
NUMBER OF
NUMBER OF PERCENT OF SHARES TO NUMBER OF PERCENT OF
NAME SHARES CLASS BE OFFERED SHARES CLASS
---- ------ ----- ---------- ------ -----
<S> <C> <C> <C> <C> <C>
Cincinnati Bell Telephone 7,400 ** 7,400 0 **
Convertible Value Fund
Massachusetts Mutual Life 6,900 ** 6,900 0 **
Insurance Company c/o The
TCW Group, Inc.
TCW/DW Income & Growth 4,400 ** 4,400 0 **
Fund
Medical Malpractice 1,500 ** 1,500 0 **
Insurance Association
TCW Convertible Strategy 12,700 ** 12,700 0 **
Fund
OCM Convertible Trust c/o 55,400 1.85 55,400 0 **
Oaktree Capital
Management, LLC
OCM Convertible Limited 3,500 ** 3,500 0 **
Partnership c/o Oaktree
Capital Management, LLC
Delta Air Lines Master Trust 39,500 1.3 39,500 0 **
c/o Oaktree Capital
Management, LLC
State Employees' Retirement 14,100 ** 14,100 0 **
Fund of the State of
Delaware c/o Oaktree
Capital Management, LLC
State of Connecticut 4,900 ** 4,900 0 **
Combined Investment Fund
c/o Oaktree Capital
Management, LLC
</TABLE>
<TABLE>
<CAPTION>
BENEFICIAL OWNERSHIP BENEFICIAL OWNERSHIP
ON THE DATE HEREOF AFTER SALE*
------------------ ----------
NUMBER OF
NUMBER OF PERCENT OF SHARES TO NUMBER OF PERCENT OF
NAME SHARES CLASS BE OFFERED SHARES CLASS
---- ------ ----- ---------- ------ -----
<S> <C> <C> <C> <C> <C>
State of Connecticut 42,600 1.4 42,600 0 **
Combined Investment Fund
c/o Oaktree Capital
Management, LLC
Massachusetts Mutual Life 70,000 2.3 70,000 0 **
Insurance Company c/o
MassMutual
MassMutual Corporate 15,000 ** 15,000 0 **
Investors
MassMutual Participation 7,000 ** 7,000 0 **
Investors
San Diego City Retirement 13,520 ** 13,520 0 **
Occidental College 4,050 ** 4,050 0 **
San Diego County 47,710 1.59 47,710 0 **
Convertible
Boston Museum of Fine Arts 1,430 ** 1,430 0 **
Engineers Joint Pension 6,590 ** 6,590 0 **
Fund
Wake Forest University 10,560 ** 10,560 0 **
Nicholas-Applegate Income 40,080 1.3 40,080 0 **
& Growth Fund
Presbyterian Healthcare 8,070 ** 8,070 0 **
Austin Firefighters 4,820 ** 4,820 0 **
</TABLE>
<TABLE>
<CAPTION>
BENEFICIAL OWNERSHIP BENEFICIAL OWNERSHIP
ON THE DATE HEREOF AFTER SALE*
------------------ ----------
NUMBER OF
NUMBER OF PERCENT OF SHARES TO NUMBER OF PERCENT OF
NAME SHARES CLASS BE OFFERED SHARES CLASS
---- ------ ----- ---------- ------ -----
<S> <C> <C> <C> <C> <C>
Baptist Hospital of Miami 4,170 ** 4,170 0 **
Putnam Convertible Income- 82,720 2.76 82,720 0 **
Growth Fund
Putnam Balanced Retirement 2,500 ** 2,500 0 **
Fund
The Putnam Advisory 1,900 ** 1,900 0 **
Company, Inc. on behalf of
Museum of Fine Art, Boston
The Putnam Advisory 4,200 ** 4,200 0 **
Company, Inc. on behalf of
Boston College Endowment
The Putnam Advisory 9,500 ** 9,500 0 **
Company, Inc. on behalf
of Promutual
The Putnam Convertible 9,800 ** 9,800 0 **
Opportunities & Income Trust
The Putnam Advisory 11,280 ** 11,280 0 **
Company, Inc. on behalf of
New Hampshire State
Retirement System
Pacific Mutual Life 20,000 ** 20,000 0 **
Insurance Company
Van Kampen American 50,500 1.69 50,500 0 **
Capital Harbor Fund
Van Kampen American 9,500 ** 9,500 0 **
Capital Convertible
Securitries, Inc.
</TABLE>
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* Assumes the sale of all shares of the Series D Preferred Stock being
offered by the Registration Statement of which this Prospectus is a part.
** Less than 1%.
The Series D Preferred Stock is exchangeable for Exchange Notes and
convertible into SFX Class A Common Stock as described in the Prospectus. The
foregoing chart assumes no such conversion or exchange.
No other change or amendment is made hereby.
