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) [ ]
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)
PAXSON COMMUNICATIONS CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 59-3212788
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
TABLE OF ADDITIONAL REGISTRANTS
AMERICA 51, L.P. Delaware 86-0889042
BUD HITS, INC. Florida 65-0912159
BUD SONGS, INC. Florida 65-0897301
CAP COMMUNICATIONS LICENSE OF NEW LONDON, INC. Florida 65-0882807
CAP COMMUNICATIONS OF NEW LONDON, INC. Florida 65-0882805
CAP COMMUNICATIONS, INC. Florida 65-0882809
CHANNEL 66 OF TAMPA, INC. Florida 59-3227857
CLEARLAKE PRODUCTIONS, INC. Florida 65-0863302
COCOLA MEDIA CORPORATION OF FLORIDA Delaware 77-0406411
COCOLA MEDIA CORPORATION OF SAN FRANCISCO, INC. California 77-0448296
DP MEDIA, INC. Florida 59-3227378
DP MEDIA LICENSE OF BATTLE CREEK, INC. Florida 65-0769770
DP MEDIA LICENSE OF BOSTON, INC. Florida 65-0822057
DP MEDIA LICENSE OF MARTINSBURG, INC. Florida 65-0769782
DP MEDIA LICENSE OF MILWAUKEE, INC. Florida 65-0817050
DP MEDIA LICENSE OF RALEIGH DURHAM, INC. Florida 65-0769780
DP MEDIA OF BATTLE CREEK, INC. Florida 65-0773604
DP MEDIA OF BOSTON, INC. Florida 65-0829541
DP MEDIA OF MARTINSBURG, INC. Florida 65-0719860
DP MEDIA OF MILWAUKEE, INC. Florida 65-0816378
DP MEDIA OF RALEIGH DURHAM, INC. Florida 65-0733737
DP MEDIA OF ST. LOUIS, INC. Florida 65-0769772
FLAGLER PRODUCTIONS, INC. Florida 65-1118465
HISPANIC BROADCASTING, INC. Florida 59-2537913
IRON MOUNTAIN PRODUCTIONS, INC. Florida 65-1001631
OCEAN STATE TELEVISION, LLC Delaware 06-14832
PAX HITS PUBLISHING, INC Florida 65-0897299
PAX INTERNET, INC. Florida 59-2907133
PAX NET TELEVISION PRODUCTIONS, INC. Florida 65-0830580
PAX NET, INC. Delaware 65-0789886
PAXSON AKRON LICENSE, INC. Florida 65-0611729
PAXSON ALBANY LICENSE, INC. Florida 65-0736665
PAXSON ALBUQUERQUE LICENSE, INC. Florida 65-0813266
PAXSON ATLANTA LICENSE, INC. Florida 59-3291854
PAXSON BIRMINGHAM LICENSE, INC. Florida 65-0688716
PAXSON BOSTON LICENSE, INC. Florida 59-3283741
PAXSON BOSTON-68 LICENSE, INC. Florida 65-0964667
PAXSON BUFFALO LICENSE, INC. Florida 65-0744425
PAXSON CEDAR RAPIDS LICENSE, INC. Florida 65-0744422
PAXSON CHARLESTON LICENSE, INC. Florida 65-0780849
PAXSON CHICAGO LICENSE, INC. Florida 59-3498673
PAXSON COMMUNICATIONS LICENSE COMPANY, LLC Delaware 65-0858700
PAXSON COMMUNICATIONS LPTV, INC. Florida 65-0641981
PAXSON COMMUNICATIONS MANAGEMENT COMPANY, INC. Florida 59-3212233
PAXSON COMMUNICATIONS OF AKRON-23, INC. Florida 65-0611718
PAXSON COMMUNICATIONS OF ALBANY-55, INC. Florida 65-0628627
PAXSON COMMUNICATIONS OF ALBUQUERQUE-14, INC. Florida 65-0766945
PAXSON COMMUNICATIONS OF ATLANTA-14, INC. Florida 59-3235962
PAXSON COMMUNICATIONS OF BIRMINGHAM-44, INC. Florida 65-0688713
PAXSON COMMUNICATIONS OF BOSTON-46, INC. Florida 65-0686132
PAXSON COMMUNICATIONS OF BOSTON-60, INC. Florida 59-3283737
PAXSON COMMUNICATIONS OF BOSTON-68, INC. Florida 65-0918840
PAXSON COMMUNICATIONS OF BUFFALO-51, INC. Florida 65-0744433
PAXSON COMMUNICATIONS OF CEDAR RAPIDS-48, INC Florida 65-0744431
PAXSON COMMUNICATIONS OF CHARLESTON-29, INC. Florida 65-0780847
PAXSON COMMUNICATIONS OF CHICAGO-38, INC. Florida 65-0806274
PAXSON COMMUNICATIONS OF DALLAS-68, INC. Florida 59-3283742
PAXSON COMMUNICATIONS OF DAVENPORT-67, INC. Florida 65-0813879
PAXSON COMMUNICATIONS OF DENVER-59, INC. Florida 65-0603895
PAXSON COMMUNICATIONS OF DES MOINES-39, INC. Florida 65-0813632
PAXSON COMMUNICATIONS OF DETROIT-31, INC. Florida 65-0735187
PAXSON COMMUNICATIONS OF FAYETTEVILLE-62, INC Florida 65-0771647
PAXSON COMMUNICATIONS OF FRESNO-61, INC. Florida 65-0742713
PAXSON COMMUNICATIONS OF GREENSBORO-16, INC. Florida 65-0653894
PAXSON COMMUNICATIONS OF GREENVILLE-38, INC. Florida 65-0813242
PAXSON COMMUNICATIONS OF HONOLULU-66, INC. Florida 65-0754528
PAXSON COMMUNICATIONS OF HOUSTON-49, INC. Florida 76-0461679
PAXSON COMMUNICATIONS OF JACKSONVILLE-21, INC. Florida 65-1004849
COMMUNICATIONS OF JACKSONVILLE-35, INC. Florida 65-0922580
PAXSON COMMUNICATIONS OF KANSAS CITY-50, INC. Florida 65-0712686
PAXSON COMMUNICATIONS OF KNOXVILLE-54, INC. Florida 65-0804455
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PAXSON COMMUNICATIONS OF LEXINGTON-67, INC. Florida 65-0826029
PAXSON COMMUNICATIONS OF LOS ANGELES-30, INC. Florida 59-3295991
PAXSON COMMUNICATIONS OF LOUISVILLE-21, INC Florida 65-0917351
PAXSON COMMUNICATIONS OF MEMPHIS-50, INC. Florida 65-0804519
PAXSON COMMUNICATIONS OF MIAMI-35, INC. Florida 65-0471066
PAXSON COMMUNICATIONS OF MINNEAPOLIS-41, INC Florida 59-3295983
PAXSON COMMUNICATIONS OF MOBILE-61, INC. Florida 65-0815802
PAXSON COMMUNICATIONS OF NASHVILLE-28, INC. Florida 65-0744429
PAXSON COMMUNICATIONS OF NEW ORLEANS-49, INC Florida 65-0804451
PAXSON COMMUNICATIONS OF NEW YORK-31, INC Florida 65-0752309
PAXSON COMMUNICATIONS OF NORFOLK-49, INC Florida 65-0814356
PAXSON COMMUNICATIONS OF OKLAHOMA CITY-62, INC. Florida 65-0682182
PAXSON COMMUNICATIONS OF ORLANDO-56, INC. Florida 59-3297996
PAXSON COMMUNICATIONS OF PHILADELPHIA-61, INC. Florida 59-3283731
PAXSON COMMUNICATIONS OF PHOENIX-13, INC. Florida 65-0635181
PAXSON COMMUNICATIONS OF PHOENIX-51, INC. Florida 65-0686052
PAXSON COMMUNICATIONS OF PITTSBURGH-40, INC. Florida 65-0731832
PAXSON COMMUNICATIONS OF PORTLAND-22, INC. Florida 65-0826031
PAXSON COMMUNICATIONS OF PORTLAND-23, INC. Florida 65-0806275
PAXSON COMMUNICATIONS OF PROVIDENCE-69, INC. Florida 65-0643775
PAXSON COMMUNICATIONS OF ROANOKE-38, INC. Florida 65-0741687
PAXSON COMMUNICATIONS OF SACRAMENTO-29, INC. Florida 65-0685880
PAXSON COMMUNICATIONS OF SALT LAKE CITY-30, INC. Florida 65-0717339
PAXSON COMMUNICATIONS OF SAN ANTONIO-26, INC. Florida 65-0826035
PAXSON COMMUNICATIONS OF SAN JOSE-65, INC. Florida 59-3283735
PAXSON COMMUNICATIONS OF SAN JUAN, INC. Florida 58-22195653
PAXSON COMMUNICATIONS OF SCRANTON-64, INC. Florida 65-0735747
PAXSON COMMUNICATIONS OF SEATTLE-33, INC Florida 65-0686130
PAXSON COMMUNICATIONS OF SHREVEPORT-21, INC. Florida 65-0813244
PAXSON COMMUNICATIONS OF SPOKANE-34, INC. Florida 65-0815799
PAXSON COMMUNICATIONS OF ST. CROIX-15, INC. Florida 65-0815807
PAXSON COMMUNICATIONS OF SYRACUSE-56, INC. Florida 65-0795912
PAXSON COMMUNICATIONS OF TAMPA-66, INC. Florida 59-3227558
PAXSON COMMUNICATIONS OF TUCSON-46, INC. Florida 65-0744426
PAXSON COMMUNICATIONS OF TULSA-44, INC. Florida 65-0653898
PAXSON COMMUNICATIONS OF WASHINGTON-66, INC. Florida 65-0735951
PAXSON COMMUNICATIONS OF WAUSAU-46, INC. Florida 65-08317
PAXSON COMMUNICATIONS OF WEST PALM BEACH-67, INC. Florida 65-0823013
PAXSON COMMUNICATIONS TELEVISION, INC. Florida 59-3283729
PAXSON DALLAS LICENSE, INC. Florida 59-3283743
PAXSON DAVENPORT LICENSE, INC. Florida 65-0813875
PAXSON DENVER LICENSE, INC. Florida 65-0645191
PAXSON DES MOINES LICENSE, INC. Florida 65-0813637
PAXSON DETROIT LICENSE, INC. Florida 65-0735190
PAXSON DEVELOPMENT, INC. Florida 65-0860488
PAXSON FAYETTEVILLE LICENSE, INC. Florida 65-0771656
PAXSON FRESNO LICENSE, INC. Florida 65-0742709
PAXSON GREENSBORO LICENSE, INC. Florida 65-0653901
PAXSON GREENVILLE LICENSE, INC. Florida 65-0813243
PAXSON HAWAII LICENSE, INC. Florida 65-0754523
PAXSON HOUSTON LICENSE, INC. Florida 76-0461475
PAXSON JACKSONVILLE LICENSE, INC. Florida 65-0903781
PAXSON JAX LICENSE, INC. Florida 65-1004850
PAXSON KANSAS CITY LICENSE, INC. Florida 65-0712711
PAXSON KNOXVILLE LICENSE, INC. Florida 65-0829210
PAXSON LEXINGTON LICENSE, INC. Florida 65-0826033
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PAXSON LOS ANGELES LICENSE, INC. Florida 59-3295992
PAXSON MERCHANDISING & LICENSING, INC. Florida 65-0926836
PAXSON MIAMI-35 LICENSE, INC. Florida 65-0752329
PAXSON MINNEAPOLIS LICENSE, INC. Florida 59-3295988
PAXSON MOBILE LICENSE, INC. Florida 65-0815806
PAXSON NEW YORK LICENSE, INC. Florida 65-0611721
PAXSON NORFOLK LICENSE, INC. Florida 65-1086982
PAXSON OKLAHOMA CITY LICENSE, INC. Florida 65-0741346
PAXSON ORLANDO LICENSE, INC. Florida 65-0806278
PAXSON PHILADELPHIA LICENSE, INC. Florida 59-3283730
PAXSON PHOENIX LICENSE, INC. Florida 65-0625873
PAXSON PORTLAND LICENSE, INC. Florida 65-0812841
PAXSON PRODUCTIONS, INC. Florida 65-0860490
PAXSON ROANOKE LICENSE, INC. Florida 65-0741692
PAXSON SACRAMENTO LICENSE, INC. Florida 65-0685878
PAXSON SALEM LICENSE, INC Florida 65-0826037
PAXSON SALT LAKE CITY LICENSE, INC. Florida 65-0748582
PAXSON SAN ANTONIO LICENSE, INC. Florida 65-1086981
PAXSON SAN JOSE LICENSE, INC. Florida 59-3283733
PAXSON SCRANTON LICENSE, INC. Florida 65-0735746
PAXSON SEATTLE LICENSE, INC. Florida 65-0686136
PAXSON SHREVEPORT LICENSE, INC. Florida 65-0813247
PAXSON SPOKANE LICENSE, INC. Florida 65-0815800
PAXSON SPORTS OF MIAMI, INC. Florida 59-3227303
PAXSON ST. CROIX LICENSE, INC. Florida 65-0815808
PAXSON SYRACUSE LICENSE, INC. Florida 65-0795915
PAXSON TAMPA-66 LICENSE, INC. Florida 65-0752325
PAXSON TELEVISION PRODUCTIONS, INC. Florida 65-0791898
PAXSON TELEVISION, INC. Florida 65-0902915
PAXSON TENNESSEE LICENSE, INC. Florida 65-0744418
PAXSON TULSA LICENSE, INC. Florida 65-0829209
PAXSON WASHINGTON LICENSE, INC. Florida 59-3319719
PAXSON WAUSAU LICENSE, INC. Florida 65-0834744
PCC DIRECT, INC. Florida 65-0684251
RDP COMMUNICATIONS LICENSE OF INDIANAPOLIS, INC. Florida 65-0866576
RDP COMMUNICATIONS OF INDIANAPOLIS, INC. Florida 65-0866575
RDP COMMUNICATIONS, INC. Florida 65-0860333
TRAVEL CHANNEL ACQUISITION CORPORATION Florida 65-0766049
601 Clearwater Park Road
West Palm Beach, Florida 33401
(Address of principal executive offices) (Zip code)
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12-1/4% Senior Subordinated Discount Notes due 2009
(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 11th day of March, 2002.
THE BANK OF NEW YORK
By: /s/ Ming Shiang
-------------------------------------
Name: Ming Shiang
Title: Vice President
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EXHIBIT 7
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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 September 30,
2001, 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
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ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin........... $ 3,238,092
Interest-bearing balances ................................... 5,255,952
Securities:
Held-to-maturity securities ................................. 127,193
Available-for-sale securities ............................... 12,143,488
Federal funds sold and Securities purchased under
agreements to resell ........................................ 281,677
Loans and lease financing receivables:
Loans and leases held for sale .............................. 786
Loans and leases, net of unearned
income..................................................... 46,206,726
LESS: Allowance for loan and
lease losses............................................... 607,115
Loans and leases, net of unearned
income and allowance ...................................... 45,599,611
Trading Assets ................................................. 9,074,924
Premises and fixed assets (including capitalized
leases) ..................................................... 783,165
Other real estate owned ........................................ 935
Investments in unconsolidated subsidiaries and
associated companies ........................................ 200,944
Customers' liability to this bank on acceptances
outstanding ................................................. 311,521
Intangible assets
Goodwill .................................................... 1,546,125
Other intangible assets ..................................... 8,497
Other assets ................................................... 8,761,129
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Total assets ................................................... $87,334,039
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LIABILITIES
Deposits:
In domestic offices ......................................... $28,254,986
Noninterest-bearing.......................................... 10,843,829
Interest-bearing............................................. 17,411,157
In foreign offices, Edge and Agreement
subsidiaries, and IBFs .................................... 31,999,406
Noninterest-bearing.......................................... 1,006,193
Interest-bearing............................................. 30,993,213
Federal funds purchased and securities sold under
agreements to repurchase .................................... 6,004,678
Trading liabilities ............................................ 2,286,940
Other borrowed money:
(includes mortgage indebtedness and obligations
under capitalized leases) ................................... 1,845,865
Bank's liability on acceptances executed and
outstanding ................................................. 440,362
Subordinated notes and debentures .............................. 2,196,000
Other liabilities .............................................. 7,606,565
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Total liabilities .............................................. $80,634,802
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EQUITY CAPITAL
Common stock ................................................... 1,135,284
Surplus ........................................................ 1,050,729
Retained earnings .............................................. 4,436,230
Accumulated other comprehensive income ......................... 76,292
Other equity capital components ................................ 0
Total equity capital ........................................... 6,698,535
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Total liabilities and equity capital ........................... $87,334,039
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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,
Senior Vice President and Comptroller
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. Renyi
Gerald L. Hassell
Alan R. Griffith Directors