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):
October 15, 1999
HISPANIC 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.)
3102 Oak Lawn Avenue, Suite 215
Dallas, Texas 75219
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (214) 525-7700
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
This filing of unaudited pro forma financial information is made
to make the pro forma disclosures of Hispanic Broadcasting
Corporation (formerly Heftel Broadcasting Corporation) current in
accordance with the Federal securities laws.
On May 22, 1998, the Company exchanged the assets of WPAT(AM) and
$115.5 million in cash for the assets of WCAA(FM) (formerly
WNWK(FM)) from Multicultural Radio Broadcasting, Inc. Both radio
stations serve the New York City market.
The Company used a portion of the proceeds from its January 22,
1998 secondary stock offering to fund this acquisition.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
----------- ------------
10.1 Asset Exchange Agreement, dated December 1, 1997, by
and between MultiCultural Radio Broadcasting, Inc.
and Heftel Broadcasting Corporation (incorporated by
reference to Exhibit 10.27 to the Registrant's Form
10-K filed on March 31, 1998)
99.1 Balance sheets of MultiCultural Radio Broadcasting,
Inc. as of December 31, 1997 and March 31, 1998 and
the related statements of income, stockholder's
equity and cash flows for the year ended December
31, 1997 and the three months ended March 31, 1998
and 1997, with Independent Auditors' Report dated
February 26, 1998 (incorporated by reference to
Exhibit 99.1 to the Registrant's Form 8-K filed on
July 31, 1998)
99.2 Unaudited pro forma condensed consolidated balance
sheet of Heftel Broadcasting Corporation and
subsidiaries as of March 31, 1998, and unaudited pro
forma condensed consolidated statements of
operations for the year ended December 31, 1997 and
the three months ended March 31, 1998 (incorporated
by reference to Exhibit 99.2 to the Registrant's
Form 8-K filed on July 31, 1998)
99.3 Unaudited pro forma condensed consolidated statement
of operations of Hispanic Broadcasting Corporation
for the year ended December 31, 1998
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.
Hispanic Broadcasting Corporation
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(Registrant)
By: /s/ Jeffrey T. Hinson
--------------------------
Name: Jeffrey T. Hinson
Title: Chief Financial Officer
Dated: October 15, 1999
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INDEX TO EXHIBITS
Exhibit No. Description
----------- -----------
10.1 Asset Exchange Agreement, dated December 1, 1997, by and
between MultiCultural Radio Broadcasting, Inc. and Heftel
Broadcasting Corporation (incorporated by reference to
Exhibit 10.27 to the Registrant's Form 10-K filed on March
31, 1998)
99.1 Balance sheets of MultiCultural Radio Broadcasting, Inc. as
of December 31, 1997 and March 31, 1998 and the related
statements of income, stockholder's equity and cash flows for
the year ended December 31, 1997 and the three months ended
March 31, 1998 and 1997, with Independent Auditors' Report
dated February 26, 1998 (incorporated by reference to Exhibit
99.1 to the Registrant's Form 8-K filed on July 31, 1998)
99.2 Unaudited pro forma condensed consolidated balance sheet of
Heftel Broadcasting Corporation and subsidiaries as of March
31, 1998, and unaudited pro forma condensed consolidated
statements of operations for the year ended December 31, 1997
and the three months ended March 31, 1998 (incorporated by
reference to Exhibit 99.2 to the Registrant's Form 8-K filed
on July 31, 1998)
99.3 Unaudited pro forma condensed consolidated statement of
operations of Hispanic Broadcasting Corporation for the year
ended December 31, 1998
2