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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. 31)
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.
CLIFFORD CHANCE ROGERS & WELLS LLP
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
December 6, 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)
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---------------------------------
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
59,589,677
========================================================
9. SOLE DISPOSITIVE POWER
========================================================
10. SOLE DISPOSITIVE POWER
59,589,677
========== =====================================================================
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,589,677
========== =====================================================================
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
========== =====================================================================
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.83%
========== =====================================================================
14. TYPE OF REPORTING PERSON
CO
========== =====================================================================
2
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---------------------------------
CUSIP No. 422317 10 7 13D
---------------------------------
======= ========================================================================
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
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
59,589,677
========================================================
9. SOLE DISPOSITIVE POWER
========================================================
10. SHARED DISPOSITIVE POWER
59,589,677
======= ========================================================================
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,589,677
======= ========================================================================
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
======= ========================================================================
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.83%
======= ========================================================================
14. TYPE OF REPORTING PERSON
CO
======= ========================================================================
3
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---------------------------------
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
59,589,677
========================================================
9. SOLE DISPOSITIVE POWER
========================================================
10. SHARED DISPOSITIVE POWER
59,589,677
======= ========================================================================
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,589,677
======= ========================================================================
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
======= ========================================================================
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.83%
======= ========================================================================
14. TYPE OF REPORTING PERSON
CO
======= ========================================================================
4
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---------------------------------
CUSIP No. 422317 10 7 13D
---------------------------------
======= ========================================================================
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
59,589,677
========================================================
9. SOLE DISPOSITIVE POWER
========================================================
10. SHARED DISPOSITIVE POWER
59,589,677
======= ========================================================================
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,589,677
======= ========================================================================
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
======= ========================================================================
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.83%
======= ========================================================================
14. TYPE OF REPORTING PERSON
OO (Testamentary Trust)
======= ========================================================================
5
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SCHEDULE 13D
This Amendment No. 31, 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 $6,719,655.00. 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.
On May 19, 1998, the Board of Directors of Hearst (the "Board")
approved the purchase from time to time by Hearst Broadcasting of up to ten
million shares of the Issuer through open market purchases, privately negotiated
transactions or otherwise. On December 8, 1999, the Board approved the purchase
from time to time by Hearst Broadcasting of up to fifteen million shares of the
Issuer (inclusive of the ten million shares previously authorized). On December
6, 2000, the Board approved the purchase from time to time by Hearst
Broadcasting of up to twenty million shares of the Issuer (inclusive of the
fifteen million shares previously authorized). There can be no assurance as to
when or whether such transactions might occur or the precise number of shares to
be acquired, though it is expected that Hearst will continually review its
equity position in the Issuer from time to time to determine whether or not to
acquire additional shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) As of December 8, 2000 the Reporting Persons owned
18,291,029 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 59,589,677 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
6
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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 64.83% 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. 30 to the Statement, Hearst Broadcasting
has made the following purchases of Series A Common Stock of the Issuer
pursuant to open market transactions:
DATE # OF SHARES PRICE PER SHARE ($) COST ($)
---- ----------- ------------------- --------
10/09/00 330,000 19.0000 6,283,200.00
10/09/00 1,000 19.5000 19,540.00
12/01/00 19,000 17.9375 341,572.50
12/04/00 500 17.8125 8,926.25
12/04/00 1,600 17.8750 28,664.00
12/04/00 2,100 17.9375 37,752.75
------ ----------
Total 354,200 6,719,655.50
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7
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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: December 8, 2000
HEARST BROADCASTING, INC.
By: /s/ Jodie W. King
-----------------------
Name: Jodie W. King
Title: Vice President
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: December 8, 2000
HEARST HOLDINGS, 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: December 8, 2000
THE HEARST CORPORATION
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: December 8, 2000
THE HEARST FAMILY TRUST
By: /s/ Gilbert C. Maurer
-------------------------
Name: Gilbert C. Maurer
Title: Trustee
11
