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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------------------
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 7)*
------------------------------------
HEARST-ARGYLE TELEVISION, INC.
(Name of Issuer)
SERIES A COMMON STOCK
(Title of Class of Securities)
422317 10 7
(CUSIP Number)
------------------------------------
JODIE W. KING, ESQ.
THE HEARST CORPORATION
959 EIGHTH AVENUE
NEW YORK, NEW YORK 10019
(212) 649-2025
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
------------------------------------
COPY TO:
STEVEN A. HOBBS, ESQ.
ROGERS & WELLS
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
------------------------------------
JULY 1, 1998
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. / /
- --------------------------------------------------------------------------------
(Continued on following pages)
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CUSIP No. 422317 10 7 13D
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
HEARST BROADCASTING, INC.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------------------------------------
8. SHARED VOTING POWER
42,893,541
----------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
42,893,541
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,893,541
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
/ /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.66%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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CUSIP No. 422317 10 7 13D
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE HEARST CORPORATION
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------------------------------------
8. SHARED VOTING POWER
42,893,541
----------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
42,893,541
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,893,541
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
/ /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.66%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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CUSIP No. 422317 10 7 13D
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE HEARST FAMILY TRUST
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------------------------------------
8. SHARED VOTING POWER
42,893,541
----------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
42,893,541
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,893,541
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
/ /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.66%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
================================================================================
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SCHEDULE 13D
This Amendment No. 7, which relates to shares of Series A Common Stock,
$0.01 par value per share ("Series A Common Stock") of Hearst-Argyle Television,
Inc., a Delaware corporation (the "Issuer"), and is being filed jointly by The
Hearst Corporation, a Delaware corporation ("Hearst"), Hearst Broadcasting,
Inc., a Delaware corporation ("Hearst Broadcasting") and wholly-owned subsidiary
of Hearst, and The Hearst Family Trust, a testamentary trust (the "Trust," and
together with Hearst and Hearst Broadcasting, the "Reporting Persons"),
supplements and amends the statement on Schedule 13D originally filed with the
Commission on April 4, 1997 (as amended, the "Statement").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate amount of funds used by Hearst Broadcasting to acquire
the shares reported in Item 5(c) was $31,488,035.16. Hearst Broadcasting used
its working capital to make such purchases.
ITEM 4. PURPOSE OF THE TRANSACTION.
Hearst Broadcasting purchased the additional Securities reported in
Item 5(c) of this Statement in order to increase its equity interest in the
Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) As of June 29, 1998 the Reporting Persons own 1,594,893
shares of Series A Common Stock of the Issuer and 41,298,648 shares of Series B
Common Stock of the Issuer. Each share of Series B Common Stock of the Issuer is
immediately convertible into one share of Series A Common Stock of the Issuer.
Therefore, the 41,298,648 shares of Series B Common Stock owned by Hearst
Broadcasting represent, if converted, 41,298,648 shares of Series A Common Stock
of the Issuer. Under the definition of "beneficial ownership" as set forth in
Rule 13d-3 of the Exchange Act, Hearst Broadcasting, Hearst and the Trust are
deemed to have beneficial ownership of each of the 42,893,541 converted shares
(the "Securities"). The Trust, as the owner of all of Hearst's issued and
outstanding common stock, may be deemed to have the power to direct the voting
of and disposition of the Securities. Hearst, as the owner of all of Hearst
Broadcasting's issued and outstanding common stock, may be deemed to have the
power to direct the voting of and disposition of the Securities. As a result,
Hearst Broadcasting, Hearst and the Trust may be deemed to share the power to
direct the voting of and the disposition of the Securities. The Securities
constitute approximately 79.66% of the shares of Series A Common Stock
outstanding of the Issuer, based on the number of outstanding shares reported in
the Company's Form 10-Q for the quarterly period ended March 31, 1998, dated May
15, 1998.
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(c) Since filing Amendment No. 6 to the Statement on May 26, 1998,
Hearst Broadcasting has made the following purchases of Series A Common Stock of
the Issuer pursuant to privately negotiated transactions:
<TABLE>
<CAPTION>
PRICE PER
DATE # OF SHARES SHARE COST
---- ----------- ----- ----
<S> <C> <C> <C>
5/26/98 45,400 $34.9897 1,588,532.38
5/27/98 13,800 34.6082 477,593.16
6/15/98 4,625 35.0000 161,875.00
6/16/98 7,700 35.0000 269,500.00
6/17/98 44,900 34.9707 1,570,184.43
6/19/98 75,000 35.0625 2,629,687.50
6/22/98 37,900 34.8750 1,321,762.50
6/24/98 8,239 34.8125 286,820.19
6/29/98 100,000 38.5000 3,850,000.00
7/1/98 483,302 40.0000 19,332,080.00
------- -------------
TOTAL 820,866 31,488,035.16
======= =============
</TABLE>
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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.
Dated: July 9, 1998
HEARST BROADCASTING, INC.
By: /s/ Jodie W. King
-------------------------------
Name: Jodie W. King
Title: Vice President
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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.
Dated: July 9, 1998
THE HEARST CORPORATION
By: /s/ Jodie W. King
-------------------------------
Name: Jodie W. King
Title: Vice President
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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.
Dated: July 9, 1998
THE HEARST FAMILY TRUST
By: /s/ Frank A. Bennack, Jr.
-------------------------------
Name: Frank A. Bennack, Jr.
Title: Trustee
