UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 5, 1997
HEFTEL BROADCASTING CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-24516 99-0113417
(State or other jurisdiction (Commission File Number) (IRS Employer
incorporation) Identification No.)
100 Crescent Court, Suite 1777
Dallas, Texas 75201
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (214) 855-8882
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(former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On February 14, 1997, Heftel Broadcasting Corporation (the "Company")
completed its acquisition of Tichenor Media System, Inc. ("Tichenor").
Tichenor is a national radio broadcasting company engaged in the
business of acquiring, developing and programming Spanish language
radio stations.
The audit of the Tichenor financial statements as of and for the year
ended December 31, 1996, was completed on October 17, 1997, by KPMG
Peat Marwick LLP.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT 99.1 Consolidated balance sheets of Tichenor Media System,
Inc. and subsidiaries as of December 31, 1996 and 1995
and the related consolidated statements of income,
changes in stockholders' equity and cash flows for each
of the years in the three-year period ended December 31,
1996, with Independent Auditors' Report dated October 17,
1997.
EXHIBIT 99.2 Unaudited pro forma condensed consolidated statements of
operations of Heftel Broadcasting Corporation and
subsidiaries for the year ended December 31, 1996 and
the nine months ended September 30, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Heftel Broadcasting Corporation
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(Registrant)
By: /s/ Jeffrey T. Hinson
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Name: Jeffrey T. Hinson
Title: Chief Financial Officer
Dated: December 12, 1997
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INDEX TO EXHIBITS
Exhibit No. Page
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99.1 Consolidated balance sheets of Tichenor Media System, Inc.
and subsidiaries as of December 31, 1996 and 1995 and the
related consolidated statements of income, changes in
stockholders' equity and cash flows for each of the years
in the three-year period ended December 31, 1996, with
Independent Auditors' Report dated October 17, 1997. 3
99.2 Unaudited pro forma condensed consolidated statements of
operations of Heftel Broadcasting Corporation and
subsidiaries for the year ended December 31, 1996 and the
nine months ended September 30, 1997. 22
2