UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 1
PANAMSAT CORPORATION
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
697933-10-9
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(CUSIP Number)
Emilio Romano
Av. Vasco de Quiroga 2000
Colonia Santa Fe
C.P. 01210 Mexico, D.F.
(525) 261-2414
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 1, 1998
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(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
*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
disclosures provided in a prior cover page.
The information required on 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).
SCHEDULE 13D
CUSIP No. 697933-10-9 Page 2 of 8 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grupo Televisa, S.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
NUMBER OF 7 SOLE VOTING POWER
SHARES 0 shares of Common Stock (See Item 5)
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0 shares
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares of Common Stock (See Item 5)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (See Item 5)
14 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 697933-10-9 Page 3 of 8 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Satellite Company, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
NUMBER OF 7 SOLE VOTING POWER
SHARES 0 shares of Common Stock (See Item 5)
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0 shares of Common Stock (See Item 5)
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares of Common Stock (See Item 5)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
14 TYPE OF REPORTING PERSON*
0O
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1. Security and Issuer
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There is no change in this Section.
Item 2. Identity and Background
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There is no change in this Section.
Item 3. Source and Amount of Funds or Other Consideration
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See Item 4 below.
Item 4. Purpose of Transaction
----------------------
On May 1, 1998, Satellite Company, LLC, a wholly owned indirect
subsidiary of Grupo Televisa, S.A., sold all of the shares of Common Stock held
by it to Hughes Communications, Inc.
Item 5. Interest in Securities of the Issuer
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(a) For the information required by Item 5(a), see items 11 and 13
on the cover page for each of Televisa and Satellite.
(b) For the information required by Item 5(b), see items 7, 8, 9 and
10 on the cover page for each of Televisa and Satellite.
(c) Except as described in Item 4 above, there have not been any
transactions in the Common Stock effected by or for the account of any of the
Reporting Persons or any executive officer or director of any of the Reporting
Persons during the past 60 days.
(d) To the best knowledge of the Reporting Persons, no other person
has the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the shares of Common Stock owned by the
Reporting Persons.
(e) May 1, 1998.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
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None.
Item 7. Material to be Filed as Exhibits
--------------------------------
Exhibit 1. Joint Filing Agreement dated as of May 22, 1997*
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* Filed with the Securities and Exchange Commission as an Exhibit to Grupo
Televisa's Schedule 13D on May 27, 1997 and incorporated herein by
reference.
SIGNATURE
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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.
Date: May 11, 1998
By: GRUPO TELEVISA, S.A.
By: /s/ Emilio Romano
---------------------------
Name: Emilio Romano
Title: Authorized Signatory
SIGNATURE
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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.
Date: May 11, 1998
By: SATELLITE COMPANY, LLC
By: /s/ Charles Steinberg
---------------------------
Name: Charles Steinberg
Title: Authorized Signatory
EXHIBIT INDEX
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Exhibit 1. Joint Filing Agreement dated as of May 22, 1997.*
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* Filed with the Securities and Exchange Commission as an Exhibit to Grupo
Televisa's Schedule 13D on May 27, 1997 and incorporated herein by
reference.
