<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. 22)*
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
APRIL 27, 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.
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
======= ==================================================================================
8.
SHARED VOTING POWER
48,544,254
======= ==================================================================================
9.
SOLE DISPOSITIVE POWER
======= ==================================================================================
10.
SHARED DISPOSITIVE POWER
48,544,254
============ =======================================================================================================
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,544,254
============ =======================================================================================================
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
============ =======================================================================================================
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
54.45 %
============ =======================================================================================================
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.
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
======= ==================================================================================
8.
SHARED VOTING POWER
48,544,254
======= ==================================================================================
9.
SOLE DISPOSITIVE POWER
======= ==================================================================================
10.
SHARED DISPOSITIVE POWER
48,544,254
============ =======================================================================================================
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,544,254
============ =======================================================================================================
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
============ =======================================================================================================
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
54.45%
============ =======================================================================================================
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.
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
======= ==================================================================================
8.
SHARED VOTING POWER
48,544,254
======= ==================================================================================
9.
SOLE DISPOSITIVE POWER
======= ==================================================================================
10.
SHARED DISPOSITIVE POWER
48,544,254
============ =======================================================================================================
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,544,254
============ =======================================================================================================
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
============ =======================================================================================================
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
54.45%
============ =======================================================================================================
14.
TYPE OF REPORTING PERSON
OO (Testamentary Trust)
============ =======================================================================================================
</TABLE>
4
<PAGE> 5
SCHEDULE 13D
This Amendment No. 22, 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 $10,922,645.00. 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 April 28, 1999, the Reporting Persons owned 7,222,406
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 48,544,254 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 54.45% 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) Daily purchases of Series A Common Stock of the Issuer by the
Reporting Persons prior to the date of Amendment No. 21 to the Statement were
reported using the average price per share. Since filing Amendment No. 21 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>
04/13/99 1,500 $22.9375 $34,466.25
04/13/99 35,400 23.0000 815,616.00
04/13/99 25,000 23.1250 579,125.00
04/13/99 40,300 22.7500 918,437.00
04/13/99 64,600 22.8125 1,476,271.50
04/13/99 20,000 22.8750 458,300.00
04/15/99 8,000 23.0000 184,320.00
04/15/99 500 22.9375 11,488.75
04/15/99 10,000 22.8750 229,150.00
04/19/99 3,500 23.1250 81,077.50
04/19/99 1,000 23.2500 23,290.00
04/19/99 500 23.7500 11,895.00
04/19/99 15,600 24.0000 375,024.00
04/20/99 57,300 25.0000 1,434,792.00
04/20/99 16,600 24.8750 413,589.00
04/20/99 500 24.8125 12,426.25
04/21/99 15,800 25.0000 395,632.00
04/22/99 6,400 25.0000 160,256.00
04/23/99 53,500 25.0000 1,339,640.00
04/26/99 2,600 24.6250 64,129.00
04/26/99 9,500 24.7500 235,505.00
04/26/99 4,900 24.8125 121,777.25
04/26/99 2,500 24.8750 62,287.50
04/27/99 10,000 24.5000 245,400.00
04/27/99 27,500 24.6250 678,287.50
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
DATE # OF SHARES PRICE PER SHARE COST
---- ----------- --------------- ----
<S> <C> <C> <C>
04/27/99 6,100 24.7500 151,219.00
04/28/99 1,000 24.6250 24,665.00
04/28/99 2,500 24.6875 61,818.75
04/28/99 900 24.7500 22,311.00
04/28/99 500 24.9375 12,488.75
04/28/99 1,500 25.0000 37,560.00
04/29/99 10,000 25.0000 250,400.00
------- --------------
TOTAL 455,500 $10,922,645.00
======= ==============
</TABLE>
<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: May 3, 1999
HEARST BROADCASTING, INC.
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: May 3, 1999
THE HEARST CORPORATION
By: /s/ Jodie W. King
Name: Jodie W. King
Title: Vice President
<PAGE> 10
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: May 3, 1999
THE HEARST FAMILY TRUST
By: /s/ Mark F. Miller
Name: Mark F. Miller
Title: Trustee
