SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. __________ )*
Spanish Broadcasting System, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
846425882
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(CUSIP Number)
Sumner M. Redstone
National Amusements, Inc.
200 Elm Street
Dedham, Massachusetts 02026
Telephone: (781) 461-1600
with a copy to:
Michael D. Fricklas, Esq.
Viacom Inc.
1515 Broadway
New York, New York 10036
Telephone: (212) 258-6000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 23, 2004
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(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 [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Page 1 of 32 Pages)
CUSIP No. 846425882 13D Page 2 of 32 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SUMNER M. REDSTONE
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
11,400,000
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,400,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,400,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS
CUSIP No. 846425882 13D Page 3 of 32 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
National Amusements, Inc.
I.R.S. Identification No. 04-2261332
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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7 SOLE VOTING POWER
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
11,400,000
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,400,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,400,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS
CUSIP No. 846425882 13D Page 4 of 32 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NAIRI, Inc.
I.R.S. Identification No. 04-3446887
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
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
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7 SOLE VOTING POWER
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
11,400,000
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,400,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,400,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS
CUSIP No. 846425882 13D Page 5 of 32 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VIACOM INC.
I.R.S. Identification No. 04-2949533
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
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 _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
11,400,000
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,400,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,400,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS
CUSIP No. 846425882 13D Page 6 of 32 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Infinity Broadcasting Corporation
I.R.S. Identification No. 13-4142467
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
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 _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
11,400,000
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,400,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,400,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS
CUSIP No. 846425882 13D Page 7 of 32 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Infinity Media Corporation
I.R.S. Identification No. 13-2766282
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
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 _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
11,400,000
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,400,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,400,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS
Page 8 of 32 Pages
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Item 1. Security and Issuer.
The class of equity securities to which this Statement on Schedule 13D
relates is the Class A Common Stock, $.0001 par value per share (the "Class A
Shares"), of Spanish Broadcasting System, Inc. (the "Issuer"), a Delaware
corporation, with its principal executive office located at 2601 South Bayshore
Drive, PH 2, Coconut Grove, Florida 33133, by virtue of the Reporting Persons'
(as defined in Item 2 below) ownership of the Issuer's Series C Convertible
Preferred Stock, $.002 par value per share, (the "Series C Shares"), which are
convertible into Class A Shares on a one-for-twenty basis under certain
circumstances and a warrant to purchase Series C Shares (the "Warrant"). The
Warrant is more fully described in Item 6 below, which is incorporated herein by
reference. The Class A Shares carry one vote per share and the Series C Shares
carry twenty votes per share.
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Item 2. Identity and Background.
This Statement is filed by Mr. Sumner M. Redstone, National
Amusements, Inc. ("NAI"), NAIRI, Inc. ("NAIRI"), Viacom Inc. ("Viacom"),
Infinity Broadcasting Corporation ("IBC") and Infinity Media Corporation ("IMC")
(collectively, the "Reporting Persons").
IMC, a Delaware corporation, has its principal office at 1515
Broadway, New York, New York 10036. IMC's principal business is the radio
broadcasting business. 100% of the issued and outstanding stock of IMC is owned
by IBC.
IBC, a Delaware corporation, has its principal office at 1515
Broadway, New York, New York 10036 and its main asset is its ownership of IMC.
100% of the issued and outstanding stock of IBC is owned by Viacom.
Viacom, a Delaware corporation, has its principal office at 1515
Broadway, New York, New York 10036 and is a diversified worldwide entertainment
company. At October 29, 2004, approximately 71% of Viacom's voting Class A
Common Stock, par value $.01 per share, and approximately 11% (on a combined
basis) of Viacom's Class A Common Stock and non-voting Class B Common Stock, par
value $.01 per share, were owned by NAIRI.
NAIRI, a Delaware corporation, has its principal office at 200 Elm
Street, Dedham, Massachusetts 02026 and its principal business is exhibiting
motion pictures in the United States and holding the shares of Viacom Class A
Common Stock and Class B Common Stock. 100% of the issued and outstanding stock
of NAIRI is owned by NAI.
NAI, a Maryland corporation, has its principal office at 200 Elm
Street, Dedham, Massachusetts 02026. NAI's principal business is owning and
operating movie theaters in the United States, the United Kingdom and South
America and holding the common stock of NAIRI. Mr. Redstone is the controlling
shareholder of NAI.
Sumner M. Redstone is an individual whose business address is c/o
National Amusements, Inc., 200 Elm Street, Dedham, Massachusetts 02026. Mr.
Redstone's principal occupation is Chairman of the Board and Chief Executive
Officer of NAI, Chairman and President of NAIRI, and Chairman of the Board and
Chief Executive Officer of Viacom.
Page 9 of 32 Pages
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The executive officers and directors of IMC, IBC, Viacom, NAIRI and
NAI, as of December 23, 2004, are set forth on Schedules I through V attached
hereto, containing the following information with respect to each such person:
(a) Name;
(b) Residence or business address; and
(c) Present principal occupation or employment and the name,
principal business and address of any corporation or other
organization in which such employment is conducted.
During the last five years, none of the Reporting Persons or any
person named in any of Schedules I through V attached hereto has been (a)
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (b) 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 subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Except for Jan Leschly, who is a Danish citizen, all of the directors
of IMC, IBC, Viacom, NAIRI and NAI, including Mr. Sumner M. Redstone, are
citizens of the United States.
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Item 3. Source and Amount of Funds or Other Consideration.
The Issuer's Series C Shares and Warrant were acquired by the
Reporting Persons pursuant to a Merger Agreement, dated October 5, 2004, among
the Issuer, IMC, Infinity Broadcasting Corporation of San Francisco ("IBC-SF"),
a wholly-owned subsidiary of IMC and SBS Bay Area, LLC, a wholly-owned
subsidiary of the Issuer (the "Merger Agreement"), in exchange for all of the
rights and obligations of IBC-SF including the Federal Communications Commission
("FCC") license for radio station 93.3 FM, serving the San Francisco, California
market.
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Item 4. Purpose of Transaction.
IMC acquired the Series C Shares and Warrant for investment purposes.
Except as set forth in Item 6 below, the Reporting Persons have no
current plan or proposal which relates to, or would result in any actions
enumerated in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Notwithstanding the foregoing, the Reporting Persons may, at any time and from
time to time, purchase additional securities of the Issuer and may dispose of
any and all Series C Shares held and issuable upon exercise of the Warrant and,
upon conversion of the Series C Shares, any and all Class A Shares.
The information set forth under Item 6 below is incorporated herein by
reference.
Page 10 of 32 Pages
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Item 5. Interest in Securities of the Issuer.
(a) and (b) IMC is the owner, with shared dispositive and voting
power, of 380,000 Series C Shares and a Warrant to purchase 190,000 Series C
Shares, or approximately 22.3% of the Issuer's issued and outstanding Class A
Shares (based on 39,656,755 Class A Shares reported by the Issuer to be issued
and outstanding as of November 8, 2004, and assuming the conversion of the
Series C Shares and, upon exercise, the conversion of the Series C Shares
underlying the Warrant). Upon conversion, each of the Series C Shares will
convert into twenty fully paid and non-assessable Class A Shares. Accordingly,
the 380,000 Series C Shares are convertible into 7,600,000 Class A Shares, in
the aggregate, subject to adjustment, and the 190,000 Series C Shares issuable
upon exercise of the Warrant are convertible into an additional 3,800,000 Class
A Shares, in the aggregate, subject to adjustment.
IBC is the beneficial owner, with shared dispositive and voting power,
of 380,000 Series C Shares and a Warrant to purchase 190,000 Series C Shares, or
approximately 22.3% of the Issuer's issued and outstanding Class A Shares (based
on 39,656,755 Class A Shares reported by the Issuer to be issued and outstanding
as of November 8, 2004, and assuming the conversion of the Series C Shares and,
upon exercise, the conversion of the Series C Shares underlying the Warrant).
Upon conversion, each of the Series C Shares will convert into twenty fully paid
and non-assessable Class A Shares. Accordingly, the 380,000 Series C Shares are
convertible into 7,600,000 Class A Shares, in the aggregate, subject to
adjustment, and the 190,000 Series C Shares issuable upon exercise of the
Warrant are convertible into an additional 3,800,000 Class A Shares, in the
aggregate, subject to adjustment.
Viacom is the beneficial owner, with shared dispositive and voting
power, of 380,000 Series C Shares and a Warrant to purchase 190,000 Series C
Shares, or approximately 22.3% of the Issuer's issued and outstanding Class A
Shares (based on 39,656,755 Class A Shares reported by the Issuer to be issued
and outstanding as of November 8, 2004, and assuming the conversion of the
Series C Shares and, upon exercise, the conversion of the Series C Shares
underlying the Warrant). Upon conversion, each of the Series C Shares will
convert into twenty fully paid and non-assessable Class A Shares. Accordingly,
the 380,000 Series C Shares are convertible into 7,600,000 Class A Shares, in
the aggregate, subject to adjustment, and the 190,000 Series C Shares issuable
upon exercise of the Warrant are convertible into an additional 3,800,000 Class
A Shares, in the aggregate, subject to adjustment.
NAIRI is the beneficial owner, with shared dispositive and voting
power, of 380,000 Series C Shares and a Warrant to purchase 190,000 Series C
Shares, or approximately 22.3% of the Issuer's issued and outstanding Class A
Shares (based on 39,656,755 Class A Shares reported by the Issuer to be issued
and outstanding as of November 8, 2004, and assuming the conversion of the
Series C Shares and, upon exercise, the conversion of the Series C Shares
underlying the Warrant). Upon conversion, each of the Series C Shares will
convert into twenty fully paid and non-assessable Class A Shares. Accordingly,
the 380,000 Series C Shares are convertible into 7,600,000 Class A Shares, in
the aggregate, subject to adjustment, and the 190,000 Series C Shares issuable
upon exercise of the Warrant are convertible into an additional 3,800,000 Class
A Shares, in the aggregate, subject to adjustment.
NAI is the beneficial owner, with shared dispositive and voting power,
of 380,000 Series C Shares and a Warrant to purchase 190,000 Series C Shares, or
approximately 22.3% of the Issuer's issued and outstanding Class A Shares (based
on 39,656,755 Class A Shares reported by the Issuer to be issued and outstanding
as of November 8, 2004, and assuming the conversion of the Series C Shares and,
Page 11 of 32 Pages
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upon exercise, the conversion of the Series C Shares underlying the Warrant).
Upon conversion, each of the Series C Shares will convert into twenty fully paid
and non-assessable Class A Shares. Accordingly, the 380,000 Series C Shares are
convertible into 7,600,000 Class A Shares, in the aggregate, subject to
adjustment, and the 190,000 Series C Shares issuable upon exercise of the
Warrant are convertible into an additional 3,800,000 Class A Shares, in the
aggregate, subject to adjustment.
As a result of his stock ownership in NAI, Mr. Sumner M. Redstone is
deemed the beneficial owner, with shared dispositive and voting power, of
380,000 Series C Shares and a Warrant to purchase 190,000 Series C Shares, or
approximately 22.3% of the Issuer's issued and outstanding Class A Shares (based
on 39,656,755 Class A Shares reported by the Issuer to be issued and outstanding
as of November 8, 2004, and assuming the conversion of the Series C Shares and,
upon exercise, the conversion of the Series C Shares underlying the Warrant).
Upon conversion, each of the Series C Shares will convert into twenty fully paid
and non-assessable Class A Shares. Accordingly, the 380,000 Series C Shares are
convertible into 7,600,000 Class A Shares, in the aggregate, subject to
adjustment, and the 190,000 Series C Shares issuable upon exercise of the
Warrant are convertible into an additional 3,800,000 Class A Shares, in the
aggregate, subject to adjustment.
Percentage of Overall Voting Power.
Based on the total number of voting securities issued and outstanding
on a combined basis (as of November 8, 2004, Class A Shares and Class B Common
Stock, $.001 par value per share, each of which has ten(10) votes per share,
and, as of the date hereof, Series C Shares), the Reporting Persons effectively
have approximately 2.5% of the voting power of the Issuer, without taking into
effect the exercise of the Warrant, and approximately 3.8% of the voting power
of the Issuer assuming the exercise of the Warrant.
(c) None
(d) None
(e) None
--------------------------------------------------------------------------------
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
On October 5, 2004, IMC entered into the Merger Agreement, pursuant to
which, on December 23, 2004, IBC-SF merged with and into SBS Bay Area, with SBS
Bay Area surviving (the "Merger"). Upon the Merger, SBS Bay Area acquired all of
the rights and obligations of IBC-SF, including the FCC license of IBC-SF for
radio station 93.3 FM, serving the San Francisco, California market. In
connection with the Merger Agreement, in exchange for all of the outstanding
shares of capital stock of IBC-SF, on December 23, 2004, the Issuer issued to
IMC (i) 380,000 Series C Shares, which are convertible, under certain
circumstances, into twenty shares each of the Issuer's Class A Shares; and (ii)
the Warrant to purchase an additional 190,000 Series C Shares at an exercise
price of $300 per share. The Series C Shares vote along with Class A Shares on
an "as-converted basis." The description of the Merger Agreement is qualified in
its entirety by reference to the Merger Agreement, Exhibit 2 to this Statement
on Schedule 13D, and is incorporated herein by reference.
Page 12 of 32 Pages
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In connection with the Merger Agreement, the following additional
agreements with respect to the Issuer's securities were entered into among the
persons named in Item 2 and between such persons and any person with respect to
any securities of the Issuer:
o The Warrant to purchase 190,000 Series C Shares, exercisable at any time
from December 23, 2004 until December 23, 2008, at an exercise price of
$300 per share. The description of the Warrant is qualified in its entirety
by reference to the Form of Warrant, Exhibit 3 to this Statement on
Schedule 13D, and is incorporated herein by reference.
o A stockholder agreement among the Issuer, IMC, and Raul Alarcon, Jr., the
Issuer's Chairman of the Board, Chief Executive Officer and President, (the
"Stockholder Agreement"),whereby, among other rights, IMC was granted (i) a
right of first negotiation in the event that the Issuer decides to transfer
to a third party any radio station that it controls in either the New York
or Miami markets, (ii) a right to match any offer to purchase the Issuer's
Miami stations during the one-year period beginning October 5, 2004, (iii)
in the event Raul Alarcon, Jr., proposes to transfer a number of his
shares, that in the aggregate would result in a change of control, a right
of first negotiation and a tag-along right, and (iv) in the event the rules
and regulations of the FCC permit a person affiliated with IMC to a seat on
the board of directors of the Issuer without creating an "attributable
interest" (as that term is defined under the rules and regulations of the
FCC), IMC may appoint an observer to the Board of Directors of the Issuer
and the Issuer agrees to discuss the possibility of nominating such a
director. The description of the Stockholder Agreement is qualified in its
entirety by reference to the Stockholder Agreement, Exhibit 4 to this
Statement on Schedule 13D, and is incorporated herein by reference.
o A registration rights agreement between the Issuer and IMC (the
"Registration Rights Agreement"), pursuant to which, following a period of
one year (or earlier if the Issuer takes certain actions), IMC may instruct
the Issuer to file up to three registration statements with the Securities
and Exchange Commission (the "SEC"), providing for the registration for
resale of the Class A Shares issuable upon conversion of the Series C
Shares upon demand of IMC. Under the terms of the Registration Rights
Agreement, the Issuer has also agreed to grant "piggyback" registration
rights to IMC for registered offerings which include the sale of shares by
Raul Alarcon, Jr. Additionally, the Registration Rights Agreement
stipulates that the Issuer will indemnify IMC against liability arising in
connection with the resale of their shares registered in accordance with
the terms of the registration rights agreement. The description of the
Registration Rights Agreement is qualified in its entirety by reference to
the Registration Rights Agreement, Exhibit 5 to this Statement on Schedule
13D, and is incorporated herein by reference.
The information set forth under Item 4 above is incorporated herein by
reference.
Page 13 of 32 Pages
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Item 7. Material to be Filed as Exhibits.
1. Joint Filing Agreement, dated December 23, 2004, among
Infinity Media Corporation, Infinity Broadcasting
Corporation, Viacom Inc., NAIRI, Inc., National Amusements,
Inc. and Sumner M. Redstone (filed herewith).
2. Merger Agreement, dated as of October 5, 2004, among Spanish
Broadcasting System, Inc., Infinity Media Corporation,
Infinity Broadcasting Corporation of San Francisco and SBS
Bay Area, LLC (incorporated by reference to Exhibit 10.1
filed with the Report on Form 8-K, dated October 12, 2004,
filed by Spanish Broadcasting System, Inc.) (File No.
000-27823).
3. Warrant, dated as of December 23, 2004, issued to IMC
(incorporated by reference to Exhibit 4.2 filed with the
Report on Form 8-K, dated December 27, 2004, filed by
Spanish Broadcasting System, Inc.) (File No. 000-27823).
4. Stockholder Agreement, dated October 5, 2004, among Infinity
Media Corporation, Spanish Broadcasting System, Inc. and
Raul Alarcon, Jr. (incorporated by reference to Exhibit 10.2
filed with the Report on Form 8-K, dated October 12, 2004
filed by Spanish Broadcasting System, Inc.) (File No.
000-27823).
5. Registration Rights Agreement, dated as of December 23,
2004, between Spanish Broadcasting System, Inc. and
Infinity Media Corporation (incorporated by reference to
Exhibit 4.3 filed with the Report on Form 8-K, dated
December 27, 2004, filed by Spanish Broadcasting
System, Inc.) (File No. 000-27823).
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Page 14 of 32 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. Pursuant to Rule 13d-1(k)(1), each of the undersigned agrees that this
statement is filed on behalf of each of us.
December 23, 2004
Infinity Media Corporation
By: /s/ MICHAEL D. FRICKLAS
-------------------------------------
Michael D. Fricklas
Executive Vice President
Infinity Broadcasting Corporation
By: /s/ MICHAEL D. FRICKLAS
-------------------------------------
Michael D. Fricklas
Executive Vice President
Viacom Inc.
By: /s/ MICHAEL D. FRICKLAS
-------------------------------------
Michael D. Fricklas
Executive Vice President
NAIRI, Inc.
By: /s/ SUMNER M. REDSTONE
-------------------------------------
Sumner M. Redstone
Chairman and President
National Amusements, Inc.
By: /s/ SUMNER M. REDSTONE
-------------------------------------
Sumner M. Redstone
Chairman and Chief Executive Officer
/s/ SUMNER M. REDSTONE
----------------------------------------
Sumner M. Redstone
Individually
Page 15 of 32 Pages
EXHIBIT INDEX
1. Joint Filing Agreement, dated December 23, 2004, among Infinity Media
Corporation, Infinity Broadcasting Corporation, Viacom Inc., NAIRI,
Inc., National Amusements, Inc. and Sumner M. Redstone (filed
herewith).
2. Merger Agreement, dated as of October 5, 2004, among Spanish
Broadcasting System, Inc., Infinity Media Corporation, Infinity
Broadcasting Corporation of San Francisco and SBS Bay Area, LLC
(incorporated by reference to Exhibit 10.1 filed with the Report on
Form 8-K, dated October 12, 2004, filed by Spanish Broadcasting System,
Inc.) (File No. 000-27823).
3. Warrant, dated as of December 23, 2004 issued to IMC (incorporated by
reference to Exhibit 4.2 filed with the Report on Form 8-K, dated
December 27, 2004, filed by Spanish Broadcasting System, Inc.) (File
No. 000-27823).
4. Stockholder Agreement, dated October 5, 2004, among Infinity Media
Corporation, Spanish Broadcasting System, Inc. and Raul Alarcon, Jr.
(incorporated by reference to Exhibit 10.2 filed with the Report on
Form 8-K, dated October 12, 2004 filed by Spanish Broadcasting System,
Inc.) (File No. 000-27823).
5. Registration Rights Agreement, dated as of December 23, 2004,
between Spanish Broadcasting System, Inc. and Infinity Media
Corporation (incorporated by reference to Exhibit 4.3
filed with the Report on Form 8-K, dated December 27, 2004, filed by
Spanish Broadcasting System, Inc.) (File No. 000-27823).
Page 16 of 32 Pages
SCHEDULE I
Name, business address and present principal occupation or
employment of the directors and executive officers of
Infinity Media Corporation
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Robert G. Freedline Viacom Inc. Senior Vice President and
1515 Broadway Treasurer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Michael D. Fricklas Viacom Inc. Executive Vice President,
1515 Broadway General Counsel and Secretary
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Susan C. Gordon Viacom Inc. Senior Vice President,
1515 Broadway Controller and Chief
New York, NY 10036 Accounting Officer
Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 17 of 32 Pages
SCHEDULE I
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Infinity Media Corporation
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
John Sykes Infinity Radio Chief Executive Officer
Chief Executive Officer 1515 Broadway Infinity Radio
New York, NY 10036 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Joel Hollander Infinity Radio President and Chief Operating
President and Chief 1515 Broadway Officer
Operating Officer New York, NY 10036 Infinity Radio
1515 Broadway
New York, NY 100369
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Richard J. Bressler Viacom Inc. Senior Executive Vice
Senior Executive Vice 1515 Broadway President and Chief Financial
President New York, NY 10036 Officer
Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Michael D. Fricklas Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway General Counsel and Secretary
President and New York, NY 10036 Viacom Inc.
Secretary 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
William A. Roskin Viacom Inc. Executive Vice President,
Senior Vice 1515 Broadway Human Resources and
President New York, NY 10036 Administration
Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Robert G. Freedline Viacom Inc. Senior Vice President and
Vice President and 1515 Broadway Treasurer
Treasurer New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 18 of 32 Pages
SCHEDULE I
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Infinity Media Corporation
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Jacques Tortoroli Infinity Radio Vice President, Finance and
Vice President, Finance 1515 Broadway Chief Financial Officer
and Chief Financial New York, NY 10036 Infinity Radio
Officer 1515 Broadway
New York, NY 100369
----------------------- ------------------------- ------------------------------
Page 19 of 32 Pages
SCHEDULE II
Name, business address and present principal occupation or
employment of the directors and executive officers of
Infinity Broadcasting Corporation
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Robert G. Freedline Viacom Inc. Senior Vice President and
1515 Broadway Treasurer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Michael D. Fricklas Viacom Inc. Executive Vice President,
1515 Broadway General Counsel and Secretary
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Susan C. Gordon Viacom Inc. Senior Vice President,
1515 Broadway Controller and Chief
New York, NY 10036 Accounting Officer
Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 20 of 32 Pages
SCHEDULE I
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Infinity Broadcasting Corporation
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
John Sykes Infinity Radio Chief Executive Officer
Chief Executive Officer 1515 Broadway Infinity Radio
New York, NY 10036 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Joel Hollander Infinity Radio President and Chief Operating
President and Chief 1515 Broadway Officer
Operating Officer New York, NY 10036 Infinity Radio
1515 Broadway
New York, NY 100369
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Richard J. Bressler Viacom Inc. Senior Executive Vice
Senior Executive Vice 1515 Broadway President and Chief Financial
President New York, NY 10036 Officer
Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Michael D. Fricklas Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway General Counsel and Secretary
President and New York, NY 10036 Viacom Inc.
Secretary 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
William A. Roskin Viacom Inc. Executive Vice President,
Senior Vice 1515 Broadway Human Resources and
President New York, NY 10036 Administration
Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Robert G. Freedline Viacom Inc. Senior Vice President and
Vice President and 1515 Broadway Treasurer
Treasurer New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 21 of 32 Pages
SCHEDULE I
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Infinity Broadcasting Corporation
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Jacques Tortoroli Infinity Radio Vice President, Finance and
Vice President, Finance 1515 Broadway Chief Financial Officer
and Chief Financial New York, NY 10036 Infinity Radio
Officer 1515 Broadway
New York, NY 100369
----------------------- ------------------------- ------------------------------
Page 22 of 32 Pages
SCHEDULE III
Name, business address and present principal occupation or
employment of the directors and executive officers of
Viacom Inc.
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
George S. Abrams c/o Wilmer Cutler Attorney
Pickering Hale and c/o Wilmer Cutler Pickering
Dorr LLP Hale and Dorr LLP
60 State Street 60 State Street
Boston, MA 02109 Boston, MA 02109
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
David R. Andelman Lourie and Cutler Attorney
60 State Street Lourie and Cutler
Boston, MA 02109 60 State Street
Boston, MA 02109
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Joseph A. The National Center on Chairman of the Board and
Califano, Jr. Addiction and Substance President
Abuse at Columbia The National Center on
University Addiction and Substance Abuse
633 Third Avenue, at Columbia University
19th Floor 633 Third Avenue, 19th Floor
New York, NY 10017 New York, NY 10017
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
William S. Cohen The Cohen Group Chairman and Chief Executive
1200 19th Street, N.W. Officer
Suite 400 The Cohen Group
Washington, DC 20036 1200 19th Street, N.W.
Suite 400
Washington, DC 20036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Philippe P. Dauman DND Capital Partners, Co-Chairman and Chief
LLC Executive Officer
450 Park Avenue DND Capital Partners, LLC
New York, NY 10022 450 Park Avenue
New York, NY 10022
----------------------- ------------------------- ------------------------------
Page 23 of 32 Pages
SCHEDULE III
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Viacom Inc.
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Alan C. Greenberg Bear, Stearns & Co., Chairman of the Executive
Inc. Committee
383 Madison Avenue, Bear, Stearns & Co., Inc.
5th Floor 383 Madison Avenue, 5th Floor
New York, NY 10179 New York, NY 10179
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Jan Leschly Care Capital LLC Chairman and CEO
47 Hulfish Street, Care Capital LLC
Suite 310 47 Hulfish Street, Suite 310
Princeton, NJ 08542 Princeton, NJ 08542
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Charles E. Oracle Corporation President
Phillips, Jr. 500 Oracle Parkway Oracle Corporation
Redwood Shores, CA 94065 500 Oracle Parkway
Redwood Shores, CA 94065
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Shari E. Redstone National Amusements, Inc. President of National
200 Elm Street Amusements, Inc. and
Dedham, MA 02026 Executive Vice President of
NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Sumner M. Redstone Viacom Inc. Chairman of the Board and
1515 Broadway Chief Executive Officer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 24 of 32 Pages
SCHEDULE III
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Viacom Inc.
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Frederic V. Salerno 400 Westchester Avenue, Retired
2nd Floor Not applicable
White Plains, NY 10604
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
William Schwartz Cadwalader, Wickersham Counsel
& Taft Cadwalader, Wickersham & Taft
100 Maiden Lane 100 Maiden Lane
New York, NY 10038 New York, NY 10038
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Patty Stonesifer Bill and Melinda Gates Co-Chair and President
Foundation Bill and Melinda Gates
1551 Eastlake Ave. East Foundation
Seattle, WA 98102 1551 Eastlake Ave. East
Seattle, WA 98102
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Robert D. Walter Cardinal Health, Inc. Chairman and Chief Executive
7000 Cardinal Place Officer
Dublin, OH 43017 Cardinal Health, Inc.
7000 Cardinal Place
Dublin, OH 43017
----------------------- ------------------------- ------------------------------
Page 25 of 32 Pages
SCHEDULE III
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Viacom Inc.
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Sumner M. Redstone Viacom Inc. Chairman of the Board and
Chairman of the Board 1515 Broadway Chief Executive Officer
and Chief Executive New York, NY 10036 Viacom Inc.
Officer 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Thomas E. Freston Viacom Inc. Co-President and Co-Chief
Co-President and 1515 Broadway Operating Officer
Co-Chief Operating New York, NY 10036 Viacom Inc.
Officer 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Leslie Moonves Viacom Inc. Co-President and Co-Chief
Co-President and 1515 Broadway Operating Officer
Co-Chief Operating New York, NY 10036 Viacom Inc.
Officer 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Richard J. Bressler Viacom Inc. Senior Executive Vice
Senior Executive Vice 1515 Broadway President and Chief Financial
President and Chief New York, NY 10036 Officer
Financial Officer Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Michael D. Fricklas Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway General Counsel and Secretary
President, General New York, NY 10036 Viacom Inc.
Counsel and Secretary 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 26 of 32 Pages
SCHEDULE III
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Viacom Inc.
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Carl D. Folta Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway Corporate Relations
President, Corporate New York, NY 10036 Viacom Inc.
Relations 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Robert G. Freedline Viacom Inc. Senior Vice President and
Senior Vice President 1515 Broadway Treasurer
and Treasurer New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Susan C. Gordon Viacom Inc. Senior Vice President,
Senior Vice President, 1515 Broadway Controller and Chief
Controller and Chief New York, NY 10036 Accounting Officer
Accounting Officer Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Carol Melton Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway Government Relations
President, Government New York, NY 10036 Viacom Inc.
Relations 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
William A. Roskin Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway Human Resources and
President, Human New York, NY 10036 Administration
Resources and Viacom Inc.
Administration 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 27 of 32 Pages
SCHEDULE III
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
Viacom Inc.
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Martin M. Shea Viacom Inc. Executive Vice President,
Executive Vice 1515 Broadway Investor Relations
President, Investor New York, NY 10036 Viacom Inc.
Relations 1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 28 of 32 Pages
SCHEDULE IV
Name, business address and present principal occupation or
employment of the directors and executive officers of
NAIRI, INC.
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
George S. Abrams c/o Wilmer Cutler Attorney
Pickering Hale and c/o Wilmer Cutler Pickering
Dorr LLP Hale and Dorr LLP
60 State Street 60 State Street
Boston, MA 02109 Boston, MA 02109
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
David R. Andelman Lourie and Cutler Attorney
60 State Street Lourie and Cutler
Boston, MA 02109 60 State Street
Boston, MA 02109
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Philippe P. Dauman DND Capital Partners, Co-Chairman and Chief
LLC Executive Officer
9 West 57th Street DND Capital Partners, LLC
New York, NY 10019 450 Park Avenue
New York, NY 10022
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Brent D. Redstone c/o Showtime Networks Director of National
Inc. Amusements, Inc.
1633 Broadway National Amusements, Inc.
New York, NY 10019 200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Shari E. Redstone National Amusements, Inc. President of National
200 Elm Street Amusements, Inc. and Executive
Dedham, MA 02026 Vice President of NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
Page 29 of 32 Pages
SCHEDULE IV
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
NAIRI, INC.
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Sumner M. Redstone Viacom Inc. Chairman of the Board and
1515 Broadway Chief Executive Officer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 30 of 32 Pages
SCHEDULE IV
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
NAIRI, INC.
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Sumner M. Redstone Viacom Inc. Chairman of the Board and
Chairman and 1515 Broadway Chief Executive Officer
President New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Shari E. Redstone National Amusements, Inc. President of National
Executive Vice 200 Elm Street Amusements, Inc. and Executive
President Dedham, MA 02026 Vice President of NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Jerome Magner National Amusements, Inc. Vice President and Treasurer
Vice President and 200 Elm Street of National Amusements, Inc.
Treasurer Dedham, MA 02026 and NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Richard Sherman National Amusements, Inc. Vice President of National
Vice President 200 Elm Street Amusements, Inc. and NAIRI,
Dedham, MA 02026 Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
Page 31 of 32 Pages
SCHEDULE V
Name, business address and present principal occupation or
employment of the directors and executive officers of
National Amusements, Inc.
DIRECTORS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
George S. Abrams c/o Wilmer Cutler Attorney
Pickering Hale and c/o Wilmer Cutler Pickering
Dorr LLP Hale and Dorr LLP
60 State Street 60 State Street
Boston, MA 02109 Boston, MA 02109
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
David R. Andelman Lourie and Cutler Attorney
60 State Street Lourie and Cutler
Boston, MA 02109 60 State Street
Boston, MA 02109
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Philippe P. Dauman DND Capital Partners, Co-Chairman and Chief
LLC Executive Officer
9 West 57th Street DND Capital Partners, LLC
New York, NY 10019 450 Park Avenue
New York, NY 10022
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Brent D. Redstone c/o Showtime Networks Director
Inc. National Amusements, Inc.
1633 Broadway 200 Elm Street
New York, NY 10019 Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Shari E. Redstone National Amusements, Inc. President of National
200 Elm Street Amusements, Inc. and
Dedham, MA 02026 Executive Vice President of
NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Sumner M. Redstone Viacom Inc. Chairman of the Board and
1515 Broadway Chief Executive Officer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
Page 32 of 32 Pages
SCHEDULE V
(Continued)
Name, business address and present principal occupation or
employment of the directors and executive officers of
National Amusements, Inc.
EXECUTIVE OFFICERS
----------------------- ------------------------- ------------------------------
Name Business Address Present Principal Occupation
and Address of Employment
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Sumner M. Redstone Viacom Inc. Chairman of the Board and
Chairman and Chief 1515 Broadway Chief Executive Officer
Executive Officer New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Shari E. Redstone National Amusements, Inc. President of National
President 200 Elm Street Amusements, Inc. and
Dedham, MA 02026 Executive Vice President of
NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Jerome Magner National Amusements, Inc. Vice President and Treasurer
Vice President and 200 Elm Street of National Amusements, Inc.
Treasurer Dedham, MA 02026 and NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------
----------------------- ------------------------- ------------------------------
Richard Sherman National Amusements, Inc. Vice President of National
Vice President 200 Elm Street Amusements, Inc. and Vice
Dedham, MA 02026 President of NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
----------------------- ------------------------- ------------------------------