==============================================================================
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.)
48 Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
--------------------------
JACOR COMMUNICATIONS COMPANY
(Exact name of obligor as specified in its charter)
Florida 59-2054850
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
50 East RiverCenter Boulevard 12th Floor
Covington, Kentucky 41011
(Address of principal executive offices) (Zip code)
JACOR COMMUNICATIONS, INC.
(Exact name of obligor as specified in its charter)
Delaware 31-0978313
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
50 East RiverCenter Boulevard 12th Floor
Covington, Kentucky 41011
(Address of principal executive offices) (Zip code)
TABLE OF ADDITIONAL REGISTRANTS RELATING TO THE GUARANTORS
BROADCAST FINANCE, INC. Ohio 31-1390698
CINE FILMS, INC. California 95-2945526
CINE GUARANTORS, INC. California 95-2677644
CINE GUARANTORS II, INC. California 95-2960196
CINE GUARANTORS II, LTD. Canada Not Applicable
CINE MOBILE SYSTEMS Antille Not Applicable
INT'L. N.V.
CINE MOVIL S.A. de C.V. Mexico Not Applicable
CITICASTERS CO. Ohio 31-1081002
GACC-N26LB, INC. Delaware 31-1231527
GREAT AMERICAN MERCHANDISING New York 13-2658721
GROUP, INC.
GREAT AMERICAN TELEVISION California 31-1019819
PRODUCTIONS, INC.
INMOBILIARIA RADIAL, S.A. Mexico Not Applicable
de C.V.
JACOR BROADCASTING Ohio 31-1363232
CORPORATION
JACOR BROADCASTING OF Georgia 31-1133504
ATLANTA, INC.
JACOR BROADCASTING OF Delaware 57-1030503
CHARLESTON, INC.
JACOR BROADCASTING OF Colorado 31-1212116
COLORADO, INC.
JACOR BROADCASTING OF California 33-0250362
DENVER, INC.
JACOR BROADCASTING OF Florida 31-1102108
FLORIDA, INC.
JACOR BROADCASTING OF Delaware 43-1722735
KANSAS CITY, INC.
JACOR BROADCASTING OF Delaware 61-1263208
LAS VEGAS, INC.
JACOR BROADCASTING OF Delaware 31-1506631
LAS VEGAS II, INC.
JACOR BROADCASTING OF Delaware 61-1257881
LOUISVILLE, INC.
JACOR BROADCASTING OF Delaware 31-1506626
LOUISVILLE II, INC.
JACOR BROADCASTING OF Delaware 87-0546502
SALT LAKE CITY, INC.
JACOR BROADCASTING OF Delaware 31-1506618
SALT LAKE CITY II, INC.
JACOR BROADCASTING OF Delaware 31-1440011
SAN DIEGO, INC.
JACOR BROADCASTING OF Florida 31-1468564
SARASOTA, INC.
JACOR BROADCASTING OF Delaware 33-0294761
ST. LOUIS, INC.
JACOR BROADCASTING OF Florida 31-1234979
TAMPA BAY, INC.
JACOR BROADCASTING OF California 30-0200806
TOLEDO, INC.
JACOR BROADCASTING OF Ohio 34-1308506
YOUNGSTOWN, INC.
JACOR CABLE, INC. Kentucky 31-1273897
JACOR LICENSEE OF Delaware 57-1031405
CHARLESTON, INC.
-2-
JACOR LICENSEE OF Delaware 43-1724459
KANSAS CITY, INC.
JACOR LICENSEE OF Delaware 88-0345737
LAS VEGAS, INC.
JACOR LICENSEE OF Delaware 31-1506613
LAS VEGAS II, INC.
JACOR LICENSEE OF Delaware 61-1289758
LOUISVILLE, INC.
JACOR LICENSEE OF Delaware 31-1506609
LOUISVILLE II, INC.
JACOR LICENSEE OF Delaware 87-0546823
SALT LAKE CITY, INC.
JACOR LICENSEE OF Delaware 31-1506621
SALT LAKE CITY II, INC.
JACOR/PREMIERE HOLDING, INC. Delaware 95-4523968
JBSL, INC. Missouri 43-1735433
LOCATION PRODUCTIONS, INC. California 95-2556702
LOCATION PRODUCTIONS II, INC. California 95-2945537
MULTIVERSE ACQUISITION CORP. Delaware Pending
NOBLE BROADCAST CENTER, INC. California 33-0189045
NOBLE BROADCAST GROUP, INC. Delaware 33-0215206
NOBLE BROADCAST HOLDINGS, INC. Delaware 33-0492627
NOBLE BROADCAST LICENSES, INC. California 34-1794221
NOBLE BROADCAST OF California 95-3230874
SAN DIEGO, INC.
NOBRO, S.C. Mexico Not Applicable
NOVA MARKETING GROUP, INC. California 33-0578898
NSN NETWORK SERVICES, LTD. Delaware 31-1125479
PREMIERE RADIO NETWORKS, INC. Delaware 95-4083971
RADIO-ACTIVE MEDIA, INC. Delaware 31-1511358
SPORTS RADIO California 33-0525378
BROADCASTING, INC.
SPORTS RADIO, INC. California 95-4350343
THE SY FISCHER COMPANY California 95-2792659
AGENCY, INC.
VTTV PRODUCTIONS California 31-0924795
WHOK, INC. Ohio 34-1092716
--------------------------
Senior Subordinated Notes Due 2008
(Title of the indenture securities)
==============================================================================
-3-
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.
- -------------------------------------------------------------------------------
Name Address
- -------------------------------------------------------------------------------
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.
-4-
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 15th day of January, 1998.
THE BANK OF NEW YORK
By: /s/ Walter N. Gitlin
------------------------------
Name: Walter N. Gitlin
Title: Vice President
EXHIBIT 7
- -------------------------------------------------------------------------------
CONSOLIDATED REPORT OF CONDITION OF
THE BANK OF NEW YORK
of 48 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,
1997, 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
ASSETS in Thousands
Cash and balances due from depos-
itory institutions:
Noninterest-bearing balances and
currency and coin ................ $ 5,004,638
Interest-bearing balances .......... 1,271,514
Securities:
Held-to-maturity securities ........ 1,105,782
Available-for-sale securities ...... 3,164,271
Federal funds sold and Securities pur-
chased under agreements to resell.... 5,723,829
Loans and lease financing
receivables:
Loans and leases, net of unearned
income .................34,916,196
LESS: Allowance for loan and
lease losses ..............581,177
LESS: Allocated transfer risk
reserve........................429
Loans and leases, net of unearned
income, allowance, and reserve.... 34,334,590
Assets held in trading accounts ...... 2,035,284
Premises and fixed assets (including
capitalized leases) ................ 671,664
Other real estate owned .............. 13,306
Investments in unconsolidated
subsidiaries and associated
companies .......................... 210,685
Customers' liability to this bank on
acceptances outstanding ............ 1,463,446
Intangible assets .................... 753,190
Other assets ......................... 1,784,796
-----------
Total assets ......................... $57,536,995
-----------
-----------
LIABILITIES
Deposits:
In domestic offices ................ $27,270,824
Noninterest-bearing ......12,160,977
Interest-bearing .........15,109,847
In foreign offices, Edge and
Agreement subsidiaries, and IBFs ... 14,687,806
Noninterest-bearing .........657,479
Interest-bearing .........14,030,327
Federal funds purchased and Securities
sold under agreements to repurchase. 1,946,099
Demand notes issued to the U.S.
Treasury ........................... 283,793
Trading liabilities .................. 1,553,539
Other borrowed money:
With remaining maturity of one year
or less .......................... 2,245,014
With remaining maturity of more than
one year through three years...... 0
With remaining maturity of more than
three years ......................... 45,664
Bank's liability on acceptances exe-
cuted and outstanding .............. 1,473,588
Subordinated notes and debentures .... 1,018,940
Other liabilities .................... 2,193,031
-----------
Total liabilities .................... 52,718,298
-----------
EQUITY CAPITAL
Common stock ........................ 1,135,284
Surplus ............................. 731,319
Undivided profits and capital
reserves .......................... 2,943,008
Net unrealized holding gains
(losses) on available-for-sale
securities ........................ 25,428
Cumulative foreign currency transla-
tion adjustments .................. ( 16,342)
-----------
Total equity capital ................ 4,818,697
-----------
Total liabilities and equity
capital ........................... $57,536,995
-----------
-----------
I, Robert E. Keilman, 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.
Robert E. Keilman
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.
J. Carter Bacot
Thomas A. Renyi
Alan R. Griffith Directors
- ------------------------------------------------------------------------------