<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. 27)*
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 30, 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
====================================================================================================================
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
====================================================================================================================
</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
HEARST HOLDINGS, INC.
====================================================================================================================
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
====================================================================================================================
3. SEC USE ONLY
====================================================================================================================
4. SOURCE OF FUNDS
====================================================================================================================
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
====================================================================================================================
</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 CORPORATION
====================================================================================================================
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
====================================================================================================================
3. SEC USE ONLY
====================================================================================================================
4. SOURCE OF FUNDS
====================================================================================================================
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
====================================================================================================================
</TABLE>
4
<PAGE> 5
<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
====================================================================================================================
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
CO
====================================================================================================================
</TABLE>
5
<PAGE> 6
SCHEDULE 13D
This Amendment No. 27, 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
Holdings, Inc., a Delaware corporation ("Hearst Holdings") and wholly-owned
subsidiary of Hearst, Hearst Broadcasting, Inc., a Delaware corporation ("Hearst
Broadcasting") and wholly-owned subsidiary of Hearst Holdings, and The Hearst
Family Trust, a testamentary trust (the "Trust," and together with Hearst,
Hearst Holdings 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 2. IDENTITY AND BACKGROUND.
(a) - (c) This Schedule 13D is being filed by The Hearst Corporation, a
Delaware corporation ("Hearst"), Hearst Holdings, Inc., a Delaware corporation
("Hearst Holdings"), Hearst Broadcasting, Inc., a Delaware corporation ("Hearst
Broadcasting"), and The Hearst Family Trust, a testamentary trust (the "Trust,"
and together with Hearst, Hearst Holdings and Hearst Broadcasting, the
"Reporting Persons"). The agreement between the Reporting Persons relating to
the joint filing of this schedule is attached as Exhibit 7.1 hereto.
Hearst and its various subsidiaries represent one of the world's
largest diversified communications companies, with interests in newspaper,
magazine, book and business publishing, television and radio broadcasting, cable
network programming, newspaper features distribution, television production and
distribution, and new media activities. All of Hearst's issued and outstanding
common stock is owned by the Trust. Hearst's principal executive offices are
located at 959 Eighth Avenue, New York, New York 10019 and the address of the
Trust is 888 Seventh Avenue, New York, New York 10106.
Hearst Holdings is a Delaware corporation and a wholly-owned subsidiary
of Hearst. Hearst Holdings is a holding company and is directly and through
subsidiaries engaged in the communications business. Hearst Holdings' principal
executive offices are located at 959 Eighth Avenue, New York, New York 10019.
Hearst Broadcasting is a Delaware corporation and a wholly-owned
subsidiary of Hearst Holdings. Hearst Broadcasting is a holding company and
through subsidiaries is principally engaged in the broadcasting business. Hearst
Broadcasting's principal executive offices are located at 959 Eighth Avenue, New
York, New York 10019.
Schedule I hereto sets forth the name, business address and present
principal occupation or employment and address of any corporation or other
organization in which such employment is conducted, for each of Hearst's, Hearst
Broadcasting's, and Hearst Holdings' directors and executive officers and the
Trustees of the Trust.
(d) - (e) During the last five years, none of the Reporting Persons,
nor, to the best knowledge of the Reporting Persons, any of the persons listed
on Schedule I hereto: (i) has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors); or (ii) was a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is
6
<PAGE> 7
subject to a judgment, decree or final order enjoining further violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Schedule I hereto sets forth the citizenship of each of Hearst's,
Hearst Broadcasting's and Hearst Holdings' directors and executive officers.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On December 30, 1999, Hearst Holdings became a beneficial owner of the
shares described in Item 5 of this Schedule of the Issuer pursuant to the
contribution by Hearst of all of the capital stock of Hearst Broadcasting to
Hearst Holdings in connection with a Hearst internal corporation reorganization
which became effective on December 30, 1999.
ITEM 4. PURPOSE OF THE TRANSACTION.
On December 30, 1999, in connection with a Hearst internal corporate
reorganization, Hearst contributed all of the capital stock of Hearst
Broadcasting held by Hearst to its wholly-owned subsidiary Hearst Holdings.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) As of December 30, 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 Holdings, 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 Holdings'
issued and outstanding common stock, may be deemed to have the power to direct
the voting of and disposition of the Securities. Hearst Holdings, 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 Holdings, 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.
(c) Since filing Amendment No. 26 to the Statement, Hearst Broadcasting
has made no purchases of Series A Common Stock of the Issuer pursuant to open
market transactions.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
Securities.
7
<PAGE> 8
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 7.1 Joint Filing Agreement, dated January 4, 2000, between The
Hearst Corporation, The Hearst Family Trust, Hearst Holdings,
Inc. and Hearst Broadcasting, Inc.
8
<PAGE> 9
SCHEDULE I
INFORMATION REGARDING THE DIRECTORS AND
EXECUTIVE OFFICERS OF HEARST, HEARST BROADCASTING AND
HEARST HOLDINGS AND TRUSTEES OF THE HEARST FAMILY TRUST
Set forth in the table below is the name and the present principal occupation or
employment of each director and executive officer of Hearst, Hearst Broadcasting
and Hearst Holdings. Unless otherwise indicated, each person identified below is
employed by Hearst or one of its wholly-owned subsidiaries. The principal
business address of Hearst, Hearst Broadcasting and Hearst Holdings and, unless
otherwise indicated, each person identified below, is 959 Eighth Avenue, New
York, New York 10019. The principal business address of the Trust is 888 Seventh
Avenue, New York, New York 10106. Trustees of the Trust are identified by an
asterisk ("*"). Unless otherwise indicated, all persons identified below are
United States citizens.
<TABLE>
<CAPTION>
Present Office/Principal
Name Occupation or Employment
- ---- ------------------------
<S> <C>
HEARST
George R. Hearst, Jr.* Chairman of the Board, Chairman of Executive
Committee, Director
Frank A. Bennack, Jr.* President and Chief Executive Officer, Director
Victor F. Ganzi* Executive Vice President and Chief Operating
Officer, Director
James M. Asher Vice President, Chief Legal and Development
Officer
John G. Conomikes* Vice President, Director
Ronald J. Doerfler Vice President, Chief Financial Officer and
Treasurer
George B. Irish Vice President, Director
Raymond E. Joslin Vice President, Director
Cathleen P. Black Vice President, Director; President: Hearst
Magazines Division - Hearst Communications, Inc.
Millicent H. Boudjakdji* Director
David J. Barrett Director; President and Co-Chief Executive
Officer: Hearst-Argyle Television, Inc.(2)
Richard E. Deems(1)* Director
</TABLE>
9
<PAGE> 10
<TABLE>
<CAPTION>
Present Office/Principal
Name Occupation or Employment
- ---- ------------------------
<S> <C>
Austin Hearst Director; Vice President: Hearst Entertainment
Distribution Division, Hearst Entertainment,
Inc.(3)
John R. Hearst, Jr.* Director
Randolph A. Hearst* Director
William R. Hearst, III* Director; Partner: Kleiner, Perkins, Caufield &
Byers(4)
Harvey L. Lipton(1)* Director
Terence G. Mansfield(5) Director; Managing Director: The National
Magazine Co., Ltd.(6)
Gilbert C. Maurer(1)* Director
Mark F. Miller* Director; Executive Vice President: Hearst
Magazines Division - Hearst Communications, Inc.
Raymond J. Petersen* Director; Executive Vice President: Hearst
Magazines Division - Hearst Communications, Inc.
Virginia Hearst Randt* Director
Thomas J. Hughes Vice President; Vice Presidentand Controller:
Hearst Communications, Inc.
Jodie W. King Vice President and Secretary
Richard P. Malloch Vice President; President: Hearst Business Media
Group Administrative Division, Hearst Communications,
Inc.(3) Bruce L. Paisner Vice President; Executive
Vice President: Hearst Entertainment and Syndication
Group Administrative Division, Hearst Communications,
Inc.(3)
Debra Shriver Vice President
Alfred C. Sikes Vice President
Jonathan E. Thackeray Vice President
</TABLE>
10
<PAGE> 11
<TABLE>
<S> <C>
HEARST BROADCASTING
John G. Conomikes* President, Director
David J. Barrett Vice President, Director; President and Co-Chief
Executive Officer: Hearst-Argyle Television, Inc.(2)
Ronald J. Doerfler Vice President, Treasurer
Victor F. Ganzi* Vice President, Director
Jodie W. King Vice President, Secretary
Frank A. Bennack, Jr. Director
George R. Hearst, Jr. Director
William R. Hearst, III Director; Partner: Kleiner, Perkins, Caufield &
Byers(4)
Gilbert C. Maurer(1)* Director
Virginia Hearst Randt* Director
HEARST HOLDINGS
George R. Hearst, Jr.* Chairman of the Board, Chairman of Executive
Committee, Director
Frank A. Bennack, Jr.* President and Chief Executive Officer, Director
Victor F. Ganzi* Executive Vice President and Chief Operating Officer,
Director
James M. Asher Vice President, Chief Legal and Development Officer
Cathleen P. Black Vice President, Director
John G. Conomikes* Vice President, Director
Ronald J. Doerfler Vice President, Chief Financial Officer and Treasurer
Thomas J. Hughes Vice President
George B. Irish Vice President, Director
Raymond E. Joslin Vice President, Director
Jodie W. King Vice President and Secretary
</TABLE>
11
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<TABLE>
<S> <C>
Richard P. Malloch Vice President
Bruce L. Paisner Vice President
Debra Shriver Vice President
Alfred C. Sikes Vice President
Jonathan E. Thackeray Vice President
David J. Barrett Director; President and Co-Chief Executive Officer:
Hearst-Argyle Television Inc.(2)
Millicent H. Boudjakdji* Director
Richard E. Deems(1)* Director
Austin Hearst Director; Vice President: Hearst Entertainment
Distribution Division, Hearst Entertainment, Inc.(3)
John R. Hearst, Jr.* Director
Randolph A. Hearst* Director
William R. Hearst, III* Director; Partner: Kleiner, Perkins, Caufield & Byers(4)
Harvey L. Lipton(1)* Director
Terence G. Mansfield(5) Director; Managing Director: The National
Magazine, Co., Ltd.(6)
Gilbert C. Maurer(1)* Director
Mark F. Miller* Director
Raymond J. Petersen* Director
Virginia Hearst Randt Director
</TABLE>
(1) Self-employed, non-employed or retired
(2) 888 Seventh Avenue
New York, NY 10106
(3) 235 E. 45th Street
New York, NY 10017
(4) 2750 Sand Hill Road
Menlo Park, CA 94025
(5) U.K. Citizen
12
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(6) National Magazine House
72 Broadwick Street
London, England NIV 2BP
(7) 110 Fifth Street
San Francisco, CA 94109
13
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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: January 7, 2000
HEARST BROADCASTING, INC.
By: /s/ Jodie W. King
---------------------------
Name: Jodie W. King
Title: Vice President
14
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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: January 7, 2000
HEARST HOLDINGS, INC.
By: /s/ Jodie W. King
---------------------------
Name: Jodie W. King
Title: Vice President
15
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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: January 7, 2000
THE HEARST CORPORATION
By: /s/ Jodie W. King
---------------------------
Name: Jodie W. King
Title: Vice President
16
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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: January 7, 2000
THE HEARST FAMILY TRUST
By: /s/ VICTOR F. GANZI
------------------------
Name: Victor F. Ganzi
Title: Trustee
17
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
Exhibit 7.1 Joint Filing Agreement, dated January 5, 2000, between The
Hearst Corporation, The Hearst Family Trust, Hearst
Holdings, Inc. and Hearst Broadcasting, Inc.
18
<PAGE> 1
EXHIBIT 7.1
JOINT FILING AGREEMENT
We, the signatories of the statement on Schedule 13D to which this
Agreement is attached, hereby agree that such statement is, and any amendments
thereto filed by any of us will be, filed on behalf of each of us.
Dated: January 7, 2000
THE HEARST CORPORATION
By: /s/ JODIE W. KING
-----------------------------------
Name: Jodie W. King
Title: Vice President
THE HEARST FAMILY TRUST
By: /s/ VICTOR F. GANZI
-----------------------------------
Name: Victor F. Ganzi
Title: Trustee
HEARST HOLDINGS, INC.
By: /s/ JODIE W. KING
-----------------------------------
Name: Jodie W. King
Title: Vice President
HEARST BROADCASTING, INC.
By: /s/ JODIE W. KING
-----------------------------------
Name: Jodie W. King
Title: Vice President
