<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. 25)*
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
OCTOBER 4, 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)
<PAGE> 2
<TABLE>
<CAPTION>
CUSIP No. 422317 10 7
13D
<S> <C>
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
53,987,940
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
53,987,940
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,987,940
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.22%
14. TYPE OF REPORTING PERSON
CO
</TABLE>
2
<PAGE> 3
<TABLE>
<CAPTION>
CUSIP No. 422317 10 7
13D
<S> <C>
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
53,987,940
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
53,987,940
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,987,940
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.22%
14. TYPE OF REPORTING PERSON
CO
</TABLE>
3
<PAGE> 4
<TABLE>
<CAPTION>
CUSIP No. 422317 10 7
13D
<S> <C>
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
53,987,940
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
53,987,940
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,987,940
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.22%
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
</TABLE>
4
<PAGE> 5
SCHEDULE 13D
This Amendment No. 25, 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 $21,332,336.78. 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 October 6, 1999 the Reporting Persons owned
12,689,292 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 53,987,940 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 58.22% 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.
<PAGE> 6
(c) Since filing Amendment No. 24 to the Statement, Hearst
Broadcasting has made the following purchases of Series A Common Stock of the
Issuer pursuant to open market transactions:
<TABLE>
<CAPTION>
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
- ---- ----------- ------------------- --------
<S> <C> <C> <C>
09/24/99 40,000 22.0625 884,100.00
09/28/99 173,900 21.3750 3,724,068.50
09/29/99 4,500 20.5000 92,430.00
09/30/99 119,650 20.1192 2,412,048.28
10/01/99 101,200 22.0000 2,230,448.00
10/04/00 254,300 22.0000 5,604,772.00
10/05/99 293,000 21.7500 6,384,470.00
Total 986,550 21,332,336.78
======= =============
</TABLE>
<PAGE> 7
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: October 6, 1999
HEARST BROADCASTING, INC.
By: /s/ JODIE W. KING
-----------------
Name: Jodie W. King
Title: Vice President
<PAGE> 8
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: October 6, 1999
THE HEARST CORPORATION
By: /s/ JODIE W. KING
-----------------
Name: Jodie W. King
Title: Vice President
<PAGE> 9
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: October 6, 1999
THE HEARST FAMILY TRUST
By: /s/ MARK MILLER
---------------
Name: Mark Miller
Title: Trustee
