<PAGE> 1
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. 26)*
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.
BONNIE A. BARSAMIAN, ESQ.
ROGERS & WELLS, LLP
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
DECEMBER 8, 1999
(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
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------
8. SHARED VOTING POWER
54,272,490
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,272,490
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,272,490
- -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.57%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
===============================================================================
2
<PAGE> 3
- ---------------------------------
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
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------
8. SHARED VOTING POWER
54,272,490
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,272,490
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,272,490
- -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
|_|
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.57%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
3
<PAGE> 4
- ---------------------------------
CUSIP No. 422317 10 13D
7
- ---------------------------------
===============================================================================
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
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------
8. SHARED VOTING POWER
54,272,490
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,272,490
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,272,490
- -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
|_|
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.57%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
===============================================================================
4
<PAGE> 5
SCHEDULE 13D
This Amendment No. 26, 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 $5,848,194.50. 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.
On May 19, 1998, the Board of Directors of Hearst (the "Board")
approved the purchase from time to time by Hearst Broadcasting of up to ten
million shares of the Issuer through open market purchases, privately negotiated
transactions or otherwise. On December 8, 1999, the Board approved the purchase
from time to time by Hearst Broadcasting of up to fifteen million shares of the
Issuer (inclusive of the ten million shares previously authorized). There can be
no assurance as to when or whether such transactions might occur or the precise
number of shares to be acquired, though it is expected that Hearst will
continually review its equity position in the Issuer from time to time to
determine whether or not to acquire additional shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) As of December 9, 1999 the Reporting Persons owned 12,973,842
shares of Series A Common Stock of the Issuer and 41,298,648 shares of Series B
Common Stock of the Issuer (collectively, the "Securities"). 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 directly 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 combined 54,272,490 shares of 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 58.57% of
the combined shares of Series A Common Stock and Series B Common Stock
outstanding of the Issuer, based on the number of outstanding shares as of the
date hereof, provided to the Reporting Persons by the Issuer.
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(c) Since filing Amendment No. 25 to the Statement, Hearst Broadcasting has
made the following purchases of Series A Common Stock of the Issuer pursuant to
open market transactions:
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
10/27/99 19,500 22.3750 437,092.50
10/29/99 4,400 20.2500 89,276.00
11/01/99 4,000 20.3750 81,660.00
11/01/99 19,900 20.5000 408,746.00
11/01/99 16,400 20.6250 338,906.00
11/02/99 38,500 20.5000 790,790.00
11/03/99 110,400 20.5000 2,267,616.00
11/05/99 69,950 20.0000 1,401,798.00
11/10/99 1,500 21.5000 32,310.00
Total 284,550 5,848,194.50
===== ======= ============
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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: December 10, 1999
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: December 10, 1999
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: December 10, 1999
THE HEARST FAMILY TRUST
By: /s/ RICHARD F. GANZI
--------------------------
Name: Richard F. Ganzi
Title: Trustee
