<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. 21)*
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
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
APRIL 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)
<PAGE> 2
- ---------------------------------
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
48,065,554
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
48,065,554
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,065,554
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.92 %
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------
8. SHARED VOTING POWER
48,065,554
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
48,065,554
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,065,554
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.92%
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
------------------------------------------------------
8. SHARED VOTING POWER
48,065,554
------------------------------------------------------
9. SOLE DISPOSITIVE POWER
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
48,065,554
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,065,554
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
53.92%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
- --------------------------------------------------------------------------------
4
<PAGE> 5
SCHEDULE 13D
This Amendment No. 21, 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 $20,173,906.55. 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 9, 1999, the Reporting Persons own 6,766,906
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 48,065,554 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 53.92% 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. 20 to the Statement on March 26, 1999,
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> <C>
3/25/99 2,500 $22.6250 $ 56,662.50
3/25/99 2,100 22.8750 48,121.50
3/25/99 3,000 22.9375 68,932.50
3/25/99 7,300 23.0000 168,192.00
3/25/99 2,500 23.0625 57,756.25
3/25/99 1,500 23.1250 34,747.50
3/25/99 1,500 23.1875 34,841.25
3/26/99 3,200 23.6875 75,928.00
3/26/99 3,100 23.5000 72,974.00
3/26/99 5,600 23.4375 131,474.00
3/26/99 6,100 23.3750 142,831.50
3/26/99 1,700 23.3125 39,699.25
3/26/99 300 23.1875 6,968.25
3/29/99 8,700 24.7500 215,673.00
3/29/99 500 24.6875 12,363.75
3/30/99 35,500 23.0400 888,920.00
3/31/99 33,700 25.1875 850,166.75
3/31/99 16,300 25.1250 410,189.50
4/01/99 1,500 24.5000 36,810.00
4/01/99 500 24.5625 12,301.25
4/01/99 29,400 24.6250 725,151.00
4/01/99 19,600 24.7500 485,884.00
4/01/99 3,400 24.8125 84,498.50
4/01/99 5,000 24.8750 124,575.00
4/01/99 17,500 25.0000 438,200.00
4/06/99 15,000 24.3750 366,225.00
4/06/99 1,200 24.4375 29,373.00
4/06/99 22,000 24.5000 539,880.00
4/06/99 1,800 24.5625 44,284.50
4/07/99 1,000 23.1250 23,165.00
4/07/99 3,000 23.3750 70,245.00
4/07/99 1,500 23.4375 35,216.25
4/07/99 4,500 23.5000 105,930.00
4/07/99 25,000 23.8750 597,875.00
4/08/99 2,000 22.5000 45,080.00
4/08/99 6,700 22.5625 151,436.75
4/08/99 10,500 22.6250 237,982.50
4/08/99 5,800 22.6875 131,819.50
4/08/99 5,000 22.8125 114,262.50
4/08/99 372,100 22.8750 8,526,671.50
4/09/99 4,600 22.7500 104,834.00
4/09/99 200 23.0000 4,608.00
4/09/99 165,400 23.0625 3,821,153.50
------- --------------
TOTAL 859,300 $20,173,903.55
======= ==============
</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: April 12, 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: April 12, 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: April 12, 1999
THE HEARST FAMILY TRUST
By: /s/ Mark F. Miller
----------------------------
Name: Mark F. Miller
Title: Trustee
