<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. 28)*
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
FEBRUARY 29, 2000
(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)
1
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- -----------------------
CUSIP No. 422317 10 7 13D
<TABLE>
<CAPTION>
=================================================================================================================
<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
- -----------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
54,937,290
-----------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,937,290
- -----------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,937,290
- -----------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- -----------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.29%
- -----------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
=================================================================================================================
</TABLE>
2
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- ---------------------
CUSIP No. 422317 10 7 13D
<TABLE>
<CAPTION>
=================================================================================================================
<S> <C> <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)[ ]
(a)[ ]
- -----------------------------------------------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
54,937,290
-----------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,937,290
- -----------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,937,290
- -----------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- -----------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.29%
- -----------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
=================================================================================================================
</TABLE>
3
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- ----------------------
CUSIP No. 422317 10 7 13D
<TABLE>
<CAPTION>
=================================================================================================================
<S> <C> <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
- -----------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
54,937,290
-----------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,937,290
- -----------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,937,290
- -----------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- -----------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.29%
- -----------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
=================================================================================================================
</TABLE>
4
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- -----------------------
CUSIP No. 422317 10 7 13D
<TABLE>
<CAPTION>
=================================================================================================================
<S> <C> <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
- -----------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------------------------------------------
8. SHARED VOTING POWER
54,937,290
-----------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
-----------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
54,937,290
- -----------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,937,290
- -----------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- -----------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.29%
- -----------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
=================================================================================================================
</TABLE>
5
<PAGE> 6
SCHEDULE 13D
This Amendment No. 28, 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 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 $14,518,460.75. 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 February 29, 2000 the Reporting Persons owned 13,638,
642 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 54,937,290 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 59.29% 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.
6
<PAGE> 7
(c) Since filing Amendment No. 27 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 ($)
---- ----------- ------------------- --------
<S> <C> <C> <C>
02/04/00 21,100 23.0000 486,144.00
02/07/00 1,000 22.9375 22,977.50
02/07/00 12,400 23.0000 285,696.00
02/08/00 6,000 22.6875 136,365.00
02/08/00 30,000 22.8750 687,450.00
02/09/00 15,800 22.6250 358,107.00
02/09/00 15,600 22.7500 355,524.00
02/10/00 3,200 22.7500 72,928.00
02/10/00 2,800 22.6875 63,637.00
02/14/00 2,400 22.8750 54,996.00
02/14/00 13,600 22.9375 312,494.00
02/15/00 95,000 22.7500 2,165,050.00
02/16/00 15,000 22.3125 335,287.50
02/17/00 28,400 21.5000 611,736.00
02/17/00 71,000 21.6250 1,538,215.00
02/17/00 50,000 21.8750 1,095,750.00
02/18/00 1,000 21.0625 21,102.50
02/18/00 22,000 21.1250 465,630.00
02/18/00 1,000 21.2500 21,290.00
02/22/00 7,200 21.1250 152,388.00
02/24/00 5,000 21.5000 107,700.00
02/25/00 6,200 21.3125 132,385.50
02/25/00 5,000 21.5000 107,700.00
02/28/00 5,000 21.0000 105,200.00
02/28/00 15,500 21.1250 328,057.50
</TABLE>
7
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<TABLE>
<CAPTION>
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
<S> <C> <C> <C>
02/28/00 4,500 21.1875 95,523.75
02/29/00 900 20.7500 18,711.00
02/29/00 400 20.8125 8,341.00
02/29/00 300 20.8750 6,274.50
02/29/00 207,500 21.0000 4,365,800.00
------- ------------
Total 664,800 14,518,460.75
===== ======= =============
</TABLE>
8
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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: March 2, 2000
HEARST BROADCASTING, INC.
By: /s/ Jodie W. King
--------------------------
Name: Jodie W. King
Title: Vice President
9
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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: March 2, 2000
HEARST HOLDINGS, INC.
By: /s/ Jodie W. King
---------------------------
Name: Jodie W. King
Title: Vice President
10
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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: March 2, 2000
THE HEARST CORPORATION
By: /s/ Jodie W. King
----------------------------
Name: Jodie W. King
Title: Vice President
11
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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: March 2, 2000
THE HEARST FAMILY TRUST
By: /s/ Mark F. Miller
--------------------------
Name: Mark F. Miller
Title: Trustee
12
<PAGE> 13
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 Communications, Inc., a wholly-owned subsidiary of Hearst,
and may perform services for Hearst or one of its other wholly-owned
subsidiaries. The principal business address of Hearst, Hearst Broadcasting,
Hearst Holdings and Hearst Communications, Inc. 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; President, Hearst Newspapers
Division - Hearst Communications, Inc.
Raymond E. Joslin Vice President, Director; President, Hearst Entertainment
and Syndication Group Administrative Division - Hearst
Communications, Inc.
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)
</TABLE>
13
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<TABLE>
<CAPTION>
Present Office/Principal
Name Occupation or Employment
- ---- ------------------------
<S> <C>
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; 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 President and 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.
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>
14
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<TABLE>
<CAPTION>
<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>
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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>
<TABLE>
<S> <C>
(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
</TABLE>
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<TABLE>
<S> <C>
(6) National Magazine House
72 Broadwick Street
London, England NIV 2BP
</TABLE>
17
