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EXHIBIT 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) [ ]
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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CHANCELLOR MEDIA CORPORATION OF LOS ANGELES
(Exact name of obligor as specified in its charter)
Delaware 75-2451687
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Table of Co-Registrants
Amcast Radio Sales, Inc. Delaware 13-3406436
The AMFM Radio Networks, Inc. Delaware 52-2100851
Broadcast Architecture, Inc. Massachusetts 04-3096275
Chancellor Media Air Services Corporation Delaware 75-2771440
Chancellor Media Corporation of California Delaware 59-2312787
Chancellor Media Corporation of Charlotte Delaware 62-1364794
Chancellor Media Corporation of Houston Delaware 75-2486583
Chancellor Media Corporation of Illinois Delaware 75-2490925
Chancellor Media Corporation of the Keystone State Delaware 04-3221374
Chancellor Media Corporation of the Lone Star State Delaware 99-0248294
Chancellor Media Corporation of Massachusetts Delaware 04-3216274
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Chancellor Media Corporation of Miami Delaware 04-3216285
Chancellor Media Corporation of Ohio Delaware 75-2798586
Chancellor Media Corporation of St. Louis Delaware 75-2449637
Chancellor Media Corporation of Washington, D.C. Delaware 75-2432561
Chancellor Media of Houston Limited Partnership Delaware 75-2486577
Chancellor Media Licensee Company Delaware 75-2544625
Chancellor Media Martin Corporation Delaware 75-2779598
Chancellor Media MW Sign Corporation Delaware 75-2779602
Chancellor Media Nevada Sign Corporation Delaware 75-2788530
Chancellor Media Outdoor Corporation Delaware 75-2779605
Chancellor Media Pennsylvania License Corp. Delaware 04-3221375
Chancellor Media Radio Licenses, LLC Delaware 75-2779589
Chancellor Media/Riverside Broadcasting Co., Inc. Delaware 13-2688382
Chancellor Media/Shamrock Broadcasting, Inc. Delaware 95-4068583
Chancellor Media/Shamrock Broadcasting of Texas, Inc. Texas 71-0527506
Chancellor Media/Shamrock Radio Licenses, LLC Delaware 75-2779594
Chancellor Media/WAXQ Inc. Delaware 13-3387794
Chancellor Media Whiteco Outdoor Corporation Delaware 75-2783296
Christal Radio Sales, Inc. Delaware 13-2618663
Cleveland Radio Licenses, LLC Delaware 75-2815879
Creative Resources, Inc. Oklahoma 73-1484377
Dowling Company Incorporated Virginia 54-0787845
Eastman Radio Sales, Inc. Delaware 13-3581043
Hardin Development Corporation Florida Pending
Katz Cable Corporation Delaware 13-3814104
Katz Communications, Inc. Delaware 13-0904500
Katz Media Corporation Delaware 13-3779266
Katz Millennium Marketing, Inc. Delaware 13-3894491
KLOL License Limited Partnership Delaware 75-2486580
KZPS/KDGE License Corp. Delaware 75-2449662
Lindsay Outdoor, Inc. California Pending
Martin Media California 77-0058488
The National Payroll Company, Inc. Delaware 13-3744365
Outdoor Promotions West, LLC Delaware 22-3598746
Parsons Development Company Florida 59-3500218
Radio 100, L.L.C. Delaware 75-2759570
Revolution Outdoor Advertising, Inc. Florida 59-3418650
Scenic Outdoor Marketing & Consulting, Inc. California Pending
Seltel Inc. Delaware 06-0963166
Transit America Las Vegas, LLC Delaware 88-0386243
Triumph Outdoor Holdings, LLC Delaware 13-3990438
Triumph Outdoor Louisiana, LLC Delaware 52-2122268
Triumph Outdoor Rhode Island, LLC Delaware 05-0500914
WAXQ License Corp. Delaware 75-2788524
WIOQ License Corp. Delaware 36-3906002
WLTW License Corp. Delaware 75-2788528
WTOP License Limited Partnership Delaware 75-2528718
Western Poster Service, Inc. Texas 75-2084318
Zebra Broadcasting Corporation Ohio 34-1718078
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Thomas O. Hicks
Chairman and Chief Executive Officer
Chancellor Media Corporation of Los Angeles
1845 Woodall Rodgers Freeway
Suite 1300
Dallas, Texas 75201
(Address of principal executive offices) (Zip code)
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8% Senior Notes Due 2008
(Title of the indenture securities)
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1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE
TRUSTEE:
(a) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
WHICH IT IS SUBJECT.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York,
N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7a-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17
C.F.R. 229.10(d).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains
the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit 1 to Amendment No. 1
to Form T-1 filed with Registration Statement No. 33-6215,
Exhibits 1a and 1b to Form T-1 filed with Registration Statement
No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration
Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to
Form T-1 filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the
Act. (Exhibit 6 to Form T-1 filed with Registration Statement
No. 33-44051.)
7. A copy of the latest report of condition of the Trustee
published pursuant to law or to the requirements of its
supervising or examining authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 29th day of April, 1999.
THE BANK OF NEW YORK
By: /s/ REMO J. REALE
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Name: REMO J. REALE
Title: ASSISTANT VICE PRESIDENT
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31,
1998, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
in Thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin ................. $ 3,951,273
Interest-bearing balances .......................................... 4,134,162
Securities:
Held-to-maturity securities ........................................ 932,468
Available-for-sale securities ...................................... 4,279,246
Federal funds sold and Securities purchased under
agreements to resell ............................................... 3,161,626
Loans and lease financing receivables:
Loans and leases, net of unearned
income .................................................37,861,802
LESS: Allowance for loan and
lease losses ..............................................619,791
LESS: Allocated transfer risk
reserve .....................................................3,572
Loans and leases, net of unearned income,
allowance, and reserve ........................................... 37,238,439
Trading Assets ........................................................ 1,551,556
Premises and fixed assets (including capitalized
leases) ............................................................ 684,181
Other real estate owned ............................................... 10,404
Investments in unconsolidated subsidiaries and
associated companies ............................................... 196,032
Customers' liability to this bank on acceptances
outstanding ........................................................ 895,160
Intangible assets ..................................................... 1,127,375
Other assets .......................................................... 1,915,742
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Total assets .......................................................... $ 60,077,664
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LIABILITIES
Deposits:
In domestic offices ................................................ $ 27,020,578
Noninterest-bearing ......................................11,271,304
Interest-bearing .........................................15,749,274
In foreign offices, Edge and Agreement
subsidiaries, and IBFs ........................................... 17,197,743
Noninterest-bearing .........................................103,007
Interest-bearing .........................................17,094,736
Federal funds purchased and Securities sold under
agreements to repurchase ........................................... 1,761,170
Demand notes issued to the U.S. Treasury .............................. 125,423
Trading liabilities ................................................... 1,625,632
Other borrowed money:
With remaining maturity of one year or less ........................ 1,903,700
With remaining maturity of more than one year
through three years .............................................. 0
With remaining maturity of more than three years ................... 31,639
Bank's liability on acceptances executed and
outstanding ........................................................ 900,390
Subordinated notes and debentures ..................................... 1,308,000
Other liabilities ..................................................... 2,708,852
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Total liabilities ..................................................... 54,583,127
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EQUITY CAPITAL
Common stock .......................................................... 1,135,284
Surplus ............................................................... 764,443
Undivided profits and capital reserves ................................ 3,542,168
Net unrealized holding gains (losses) on
available-for-sale securities ...................................... 82,367
Cumulative foreign currency translation adjustments ................... (29,725)
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Total equity capital .................................................. 5,494,537
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Total liabilities and equity capital .................................. $ 60,077,664
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Thomas J. Mastro
We, the undersigned directors, attest to the correctness of this
Report of Condition and declare that it has been examined by us and to the best
of our knowledge and belief has been prepared in conformance with the
instructions issued by the Board of Governors of the Federal Reserve System and
is true and correct.
Thomas A. Reyni )
Gerald L. Hassell ) Directors
Alan R. Griffith )
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