UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
WESTWOOD ONE, INC.
(Name of Issuer)
Common Stock, Par Value $.01 per share
(Title of Class of Securities)
961-815-10-7
(CUSIP Number)
Sumner M. Redstone
National Amusements, Inc.
200 Elm Street
Dedham, Massachusetts 02026
Telephone: (781) 461-1600
with a copy to:
Michael D. Fricklas, Esq.
Viacom Inc.
1515 Broadway
New York, New York 10036
Telephone: (212) 258-6000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
January 2, 2003
(Date of Event which Requires Filing of this Statement)
------------------------------------------------
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with this
statement / /.
Page 2 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person.
I.R.S. Identification No. of Above Person (entities only)
Infinity Network Inc.
---------------------------------------------------------------
I.R.S. Identification No. 52-1859471
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
---------------------------------------------------------------
Number of (7) Sole Voting Power
Shares ---------------------------------------
Beneficially (8) Shared Voting Power 16,000,000
Owned by ---------------------------------------
Each (9) Sole Dispositive Power
Reporting ---------------------------------------
Person (10) Shared Dispositive Power 16,000,000
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
16,000,000
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 15.2%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------------------------------------------
Page 3 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Infinity Media Corporation
---------------------------------------------------------------
I.R.S. Identification No. 13-2766282
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
---------------------------------------------------------------
Number of (7) Sole Voting Power
Shares ---------------------------------------
Beneficially (8) Shared Voting Power 16,000,000
Owned by ---------------------------------------
Each (9) Sole Dispositive Power
Reporting ---------------------------------------
Person (10) Shared Dispositive Power 16,000,000
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
16,000,000
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 15.2%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------------------------------------------
Page 4 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Infinity Broadcasting Corporation
---------------------------------------------------------------
I.R.S. Identification No. 13-4142467
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
---------------------------------------------------------------
Number of (7) Sole Voting Power
Shares --------------------------------------
Beneficially (8) Shared Voting Power 18,000,000*
Owned by --------------------------------------
Each (9) Sole Dispositive Power
Reporting -------------------------------------
Person (10) Shared Dispositive Power 18,000,000*
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
18,000,000*
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 16.8%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------------------------------------------
* Includes 2,000,000 shares underlying warrants that may become
exercisable in the next 60 days.
Page 5 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Viacom Inc.
---------------------------------------------------------------
I.R.S Identification No. 04-2949533
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
v---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
---------------------------------------------------------------
Number of (7) Sole Voting Power
Shares ---------------------------------------
Beneficially (8) Shared Voting Power 18,000,000*
Owned by --------------------------------------
Each (9) Sole Dispositive Power
Reporting --------------------------------------
Person (10) Shared Dispositive Power 18,000,000*
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
18,000,000*
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 16.8%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------------------------------------------
* Includes 2,000,000 shares underlying warrants that may become
exercisable in the next 60 days.
Page 6 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
NAIRI, Inc.
---------------------------------------------------------------
I.R.S Identification No. 04-3446887
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
---------------------------------------------------------------
Number of (7) Sole Voting Power
Shares --------------------------------------
Beneficially (8) Shared Voting Power 18,000,000*
Owned by --------------------------------------
Each (9) Sole Dispositive Power
Reporting --------------------------------------
Person (10) Shared Dispositive Power 18,000,000*
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
18,000,000*
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 16.8%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------------------------------------------
* Includes 2,000,000 shares underlying warrants that may become
exercisable in the next 60 days.
Page 7 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
National Amusements, Inc.
---------------------------------------------------------------
I.R.S Identification No. 04-2261332
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization Maryland
---------------------------------------------------------------
Number of (7) Sole Voting Power
Shares ---------------------------------------
Beneficially (8) Shared Voting Power 18,000,000*
Owned by ---------------------------------------
Each (9) Sole Dispositive Power
Reporting ---------------------------------------
Person (10) Shared Dispositive Power 18,000,000*
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
18,000,000*
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 16.8%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------------------------------------------
* Includes 2,000,000 shares underlying warrants that may become
exercisable in the next 60 days.
Page 8 of 21 Pages
CUSIP No. 961-815-10-7
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Sumner M. Redstone
---------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
---------------------------------------------------------------
/ / (b)
---------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------------
(4) Sources of Funds (See Instructions) N/A
---------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e).
---------------------------------------------------------------
(6) Citizenship or Place of Organization United States
--------------------------------------------------------------
Number of (7) Sole Voting Power
Shares --------------------------------------
Beneficially (8) Shared Voting Power 18,000,000*
Owned by --------------------------------------
Each (9) Sole Dispositive Power
Reporting --------------------------------------
Person (10) Shared Dispositive Power 18,000,000*
With
---------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
18,000,000*
---------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
---------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 16.8%
---------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
---------------------------------------------------------------
* Includes 2,000,000 shares underlying warrants that may
become exercisable in the next 60 days.
Page 9 of 21 Pages
Item 1. Security and Issuer.
--------------------
This Amendment No. 3 (the "Amendment") is filed by
Infinity Network Inc. ("INI"), Infinity Media Corporation
("IMC"), Infinity Broadcasting Corporation ("IBC" or "Infinity"),
Viacom Inc. ("Viacom"), NAIRI, Inc. ("NAIRI"), National
Amusements, Inc. ("NAI") and Mr. Sumner M. Redstone ("Mr.
Redstone") (collectively, the "Reporting Persons") and amends and
supplements the Statement on Schedule 13D originally filed with
the Securities and Exchange Commission ("SEC") on May 15, 2000,
as amended, with respect to the Common Stock, par value $.01 per
share (the "Common Shares"), of Westwood One, Inc., a Delaware
corporation ("Westwood" or the "Issuer") with its principal
executive office located at 40 West 57th Street, New York, N.Y.
10019.
Item 2. Identity and Background.
-------------------------
Item 2 is amended as follows:
The executive officers and directors of INI, IMC, IBC,
Viacom, NAIRI and NAI, as of December 31, 2002, are set forth on
Schedules I through VI attached hereto.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
Item 5 is amended as follows:
(a) and (b) INI is the direct owner, with shared
dispositive and voting power, of 16,000,000 Common Shares, or
approximately 15.2% of the Issuer's issued and outstanding shares
(based on 105,398,318 Common Shares reported by the Issuer to be
issued and outstanding as of October 31, 2002).
IMC is the beneficial owner with shared dispositive and
voting power, of 16,000,000 Common Shares, or approximately 15.2%
of the Issuer's issued and outstanding shares (based on
105,398,318 Common Shares reported by the Issuer to be issued and
outstanding as of October 31, 2002).
IBC is (i) the direct owner, with shared dispositive
and voting power, of 2,000,000 Common Shares underlying two
warrants, each for 1,000,000 Common Shares (the "Warrants"), each
of which will become exercisable in the next 60 days only if the
Issuer's Common Stock trades, with respect to the first warrant,
at or above $56.235, and with respect to the second warrant, at
or above $59.984, on at least 20 out of 30 consecutive trading
days during which the national securities exchanges are open for
trading ("Trading Days"), and (ii) the beneficial owner with
shared dispositive and voting power, of 16,000,000 Common Shares,
for a total interest in 18,000,000 Common Shares or 16.8% of the
Issuer's issued and outstanding shares (based on 105,398,318
Common Shares reported by the Issuer to be issued and outstanding
as of October 31, 2002 and assuming full exercise of the
Warrants).
Viacom, NAIRI and NAI are each a beneficial owner with
shared dispositive and voting power, of 18,000,000 Common Shares,
including 2,000,000 Common Shares underlying the Warrants, or
approximately 16.8% of the Issuer's issued and outstanding shares
(based on 105,398,318 Common Shares reported by the Issuer to be
issued and outstanding as of October 31, 2002 and assuming full
exercise of the Warrants).
Page 10 of 21 Pages
As a result of his stock ownership in NAI, Mr. Sumner
M. Redstone is deemed the beneficial owner, with shared
dispositive and voting power of 18,000,000 Common Shares,
including 2,000,000 Common Shares underlying the Warrants or
approximately 16.8% of the issued and outstanding Common Shares
of the Issuer (based on 105,398,318 Common Shares reported by the
Issuer to be issued and outstanding as of October 31, 2002 and
assuming full exercise of the Warrants).
The Reporting Persons are aware that certain of the
executive officers and directors of the Reporting Persons, as
applicable, own Common Shares of the Issuer and/or hold options
to acquire Common Shares of the Issuer. Mr. Mel Karmazin is the
beneficial owner of 2,244,200 Common Shares, including 2,192,000
Common Shares underlying currently exercisable stock options (the
"Karmazin Options"), or approximately 2.1% of the Issuer's issued
and outstanding Common Shares (based on 105,398,318 Common Shares
reported by the Issuer to be issued and outstanding as of October
31, 2002 and assuming full exercise of the Karmazin Options).
(c) Pursuant to the Management Agreement, dated March 30,
1999, as amended, between IBC and the Issuer, as described in
Amendment 2 to this Schedule 13D, on January 2, 2003, IBC
received the following two warrants to purchase Common Stock from
the Issuer:
* A warrant to purchase 1,000,000 shares of the Issuer's
Common Stock at an exercise price of $43.11. This warrant
will become exercisable only if the Issuer's Common Stock
reaches a price of $56.235 on at least 20 out of 30
consecutive Trading Days and has an expiration date of
January 2, 2013.
* A warrant to purchase 1,000,000 shares of the Issuer's
Common Stock at an exercise price of $48.36. This warrant
will become exercisable only if the Issuer's Common Stock
reaches a price of $59.984 on at least 20 out of 30 consecutive
Trading Days and has an expiration date of January 2, 2013.
Item 7. Material to be Filed as Exhibits.
------------------------------------
99 Joint Filing Agreement among Infinity Network Inc.,
Infinity Media Corporation, Infinity Broadcasting
Corporation, Viacom Inc., NAIRI, Inc., National
Amusements, Inc. and Sumner M. Redstone.
Page 11 of 21 Pages
Signatures
-------------
After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct. Pursuant to Rule 13d-
1(k)(1), each of the undersigned agrees that this statement is
filed on behalf of each of us.
January 13, 2003
Infinity Network, Inc.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
Infinity Media Corporation
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
Infinity Broadcasting Corporation
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
Viacom Inc.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President,
General Counsel and Secretary
NAIRI, Inc.
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Chairman and President
National Amusements, Inc.
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Chairman and Chief
Executive Officer
/s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Individually
Page 12 of 21 Pages
SCHEDULE I
-------------
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
Infinity Network, Inc.
------------------------
DIRECTORS
Business Address Present Principal Occupation
Name and Address of Employment
---------------- ----------------- ----------------------------
Michael D. Viacom Inc. Executive Vice President,
Fricklas 1515 Broadway General Counsel & Secretary
New York, N.Y. Viacom Inc.
10036 1515 Broadway
New York, N.Y. 10036
Robert G. Viacom Inc. Vice President and Treasurer
Freedline 1515 Broadway Viacom Inc.
New York, N.Y. 1515 Broadway
10036 New York, N.Y. 10036
Susan C. Gordon Viacom Inc. Vice President, Controller &
1515 Broadway Chief Accounting Officer
New York, N.Y. Viacom Inc.
10036 1515 Broadway
New York, N.Y. 10036
Executive Officers
Name Business Address Present Principal Occupation
and Address of Employment
---------------- ----------------- ----------------------------
John Sykes Infinity President and Chief
President & CEO Broadcasting Executive Officer
Corporation Infinity Radio operations
40 West 57th Infinity Broadcasting
Street Corporation
New York, N.Y. 40 West 57th Street
10019 New York, N.Y. 10019
Michael D. Viacom Inc. Executive Vice President,
Fricklas 1515 Broadway Secretary
EVP & Secretary New York, NY & General Counsel
10036 Viacom Inc.
1515 Broadway
New York, N.Y. 10036
Richard J. Viacom Inc. Sr. EVP & Chief Financial
Bressler 1515 Broadway Officer
Senior EVP New York, NY Viacom Inc.
10036 1515 Broadway
New York, NY 10036
Page 13 of 21 Pages
Schedule II
------------
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
Infinity Media Corporation
-----------------------------------------------
DIRECTORS
Name Business Address Present Principal Occupation
and Address of Employment
---------------- ----------------- ----------------------------
Michael D. Viacom Inc. Executive Vice President,
Fricklas 1515 Broadway General Counsel & Secretary
New York, N.Y. Viacom Inc.
10036 1515 Broadway
New York, N.Y. 10036
Robert G. Viacom Inc. Vice President and Treasurer
Freedline 1515 Broadway Viacom Inc.
New York, N.Y. 1515 Broadway
10036 New York, N.Y. 10036
Susan C. Gordon Viacom Inc. Vice President, Controller &
1515 Broadway Chief Accounting Officer
New York, N.Y. Viacom Inc.
10036 1515 Broadway
New York, N.Y. 10036
Executive Officers
Name Business Address Present Principal Occupation
and Address of Employment
---------------- ----------------- ----------------------------
John Sykes Infinity President and Chief
President & CEO Broadcasting Executive Officer
Corporation Infinity Radio operations
40 West 57th Infinity Broadcasting
Street Corporation
New York, N.Y. 40 West 57th Street
10019 New York, N.Y. 10019
Michael D. Viacom Inc. Executive Vice President,
Fricklas 1515 Broadway Secretary
EVP & Secretary New York, NY & General Counsel
10036 Viacom Inc.
1515 Broadway
New York, N.Y. 10036
Richard J. Viacom Inc. Sr. EVP & Chief Financial
Bressler 1515 Broadway Officer
Senior EVP New York, NY Viacom Inc.
10036 1515 Broadway
New York, NY 10036
Page 14 of 21 Pages
Schedule III
--------------
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
Infinity Broadcasting Corporation
----------------------------------
DIRECTORS
Business Address Present Principal Occupation
Name and Address of Employment
---------------- ------------------- -----------------------------
Michael D. Viacom Inc. Executive Vice President,
Fricklas 1515 Broadway General Counsel & Secretary
New York, N.Y. Viacom Inc.
10036 1515 Broadway
New York, N.Y. 10036
Robert G. Viacom Inc. Vice President and Treasurer
Freedline 1515 Broadway Viacom Inc.
New York, N.Y. 1515 Broadway
10036 New York, N.Y. 10036
Susan C. Gordon Viacom Inc. Vice President, Controller &
1515 Broadway Chief Accounting Officer
New York, N.Y. Viacom Inc.
10036 1515 Broadway
New York, N.Y. 10036
Executive Officers
Present Principal
Business Address Occupation and Address of
Name Employment
---------------- -----------------------------------------------
Mel Karmazin Viacom Inc. President & Chief Operating
Chairman 1515 Broadway Officer
New York, NY 10036 Viacom Inc.
40 West 57th Street
New York, N.Y. 10019
John Sykes Infinity Chairman and Chief
President & CEO Broadcasting Executive Officer
Corporation Infinity Radio Operations
40 West 57th Street Infinity Broadcasting
New York, N.Y. Corporation
10019 40 West 57th Street
New York, N.Y. 10019
Michael D. Viacom Inc. Executive Vice President,
Fricklas 1515 Broadway Secretary
EVP & Secretary New York, NY 10036 & General Counsel
Viacom Inc.
1515 Broadway
New York, N.Y. 10036
Richard J. Viacom Inc. Sr. EVP & Chief Financial
Bressler 1515 Broadway Officer
Senior EVP New York, NY 10036 Viacom Inc.
1515 Broadway
New York, NY 10036
Page 15 of 21 Pages
SCHEDULE IV
--------------------------
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
VIACOM INC.
-----------------
Directors
Business Address Present Principal Occupation
Name and Address of Employment
---------------- ----------------- ------------------------------
George S. Abrams Winer & Abrams Attorney
60 State Street Winer & Abrams
Boston, MA 02109 60 State Street
Boston, MA 02109
David Andelman Lourie and Cutler Attorney
60 State Street Lourie and Cutler
Boston, MA 02109 60 State Street
Boston, MA 02109
George H. AKAMAI Chairman and Chief Executive
Conrades Technologies Officer
500 Technology AKAMAI Technologies
Square 500 Technology Square
Cambridge, MA Cambridge, MA 02139
02139
Philippe P. DND Capital Co-Chairman and Chief
Dauman Partners, LLC Executive Officer
9 West 57th St. DND Capital Partners, LLC
New York, N.Y. 9 West 57th St.
10019 New York, N.Y. 10019
William H. Gray The College President and Chief Executive
III Fund/UNCF Officer
8260 Willow Oaks The College Fund/UNCF
Corporate Drive 8260 Willow Oaks Corporate
Fairfax, VA 22031 Drive
Fairfax, VA 22031
Mel Karmazin Viacom Inc. President and Chief Operating
1515 Broadway Officer
New York, NY Viacom Inc.
10036 1515 Broadway
New York, NY 10036
Jan Leschly Care Capital LLC Chairman and CEO
Princeton Care Capital LLC
Overlook 1 Princeton Overlook 1
100 Overlook 100 Overlook Center and Route,
Center and Route, Suite 102
Suite 102 Princeton, NJ 08540
Princeton, NJ
08540
David T. Orion Safety Chairman and Chief Executive
McLaughlin Products Officer
46 Newport road Orion Safety Products Orion
New London, NH Safety Products
03257 46 Newport road
New London, NH 03257
Ken Miller Ken Miller President and Chief Executive
Capital, LLC Officer
C/o The Ken Miller Capital, LLC
Associated Group c/o The Associated Group
650 Madison 650 Madison Avenue
Avenue 25th Floor
25th Floor New York, N.Y. 10022
New York, N.Y.
10022
Page 16 of 21 Pages
SCHEDULE IV
(Continued)
-------------
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
VIACOM INC.
----------------
Directors
Business Address Present Principal
Name Occupation and Address of
Employment
----------------------------------------------------------------
Leslie Moonves Viacom Inc. President and Chief
1515 Broadway Executive Officer of CBS
New York, NY 10036 Television
CBS Television
7800 Beverly Blvd.
Los Angeles, CA 90036
Brent D. c/o Showtime Director, National
Redstone Networks Inc. Amusements, Inc.
1633 Broadway National Amusements, Inc.
New York, NY 10019 200 Elm Street
Dedham, MA 02026
Shari Redstone National President of National
Amusements, Inc. Amusements, Inc. and
200 Elm Street Executive Vice President of
Dedham, MA 02026 NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Sumner M. Viacom Inc. Chairman of the Board and
Redstone 1515 Broadway Chief Executive Officer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, N.Y. 10036
Fredric V. 400 Westchester Retired
Salerno Avenue Not applicable
2nd Floor
White Plains, N.Y.
10604
William Cadwalader Counsel
Schwartz Wickersham & Taft Cadwalader Wickersham &
100 Maiden Lane Taft
New York, N.Y. 100 Maiden Lane
10038 New York, N.Y. 10038
Ivan Seidenberg Verizon President & Chief Executive
Communications Officer
1095 Avenue of the Verizon Communications
Americas 1095 Avenue of the Americas
New York, NY 10036 New York, NY 10036
Patty Bill and Melinda Co-Chair & President
Stonesifer Gates Bill and Melinda Gates
Foundation Foundation
1551 Eastlake Ave. 1551 Eastlake Ave. East
East Seattle, WA 98102
Seattle, WA 98102
Robert D. Cardinal Health, Chairman & Chief Executive
Walter Inc. Officer
7000 Cardinal Place Cardinal Health, Inc.
Dublin, OH 43017 7000 Cardinal Place
Dublin, OH 43017
Page 17 Of 21 Pages
SCHEDULE IV
------------------
(Continued)
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
VIACOM INC.
----------------
Executive Officers
Business Address Present Principal
Name Occupation and Address of
Employment
------------------------------------------------------------------
Sumner M. Viacom Inc. Chairman of the Board and
Redstone 1515 Broadway Chief Executive Officer
Chairman of the New York, NY 10036 Viacom Inc.
Board and Chief 1515 Broadway
Executive New York, N.Y. 10036
Officer
Mel Karmazin Viacom Inc. President and Chief
President and 1515 Broadway Operating Officer
Chief Operating New York, NY 10036 Viacom Inc.
Officer 1515 Broadway
New York, NY 10036
Richard J. Viacom Inc. Senior EVP & Chief
Bressler 1515 Broadway Financial Officer
Senior EVP & New York, NY 10 Viacom Inc.
Chief Financial 1515 Broadway
Officer New York, NY 10036
Michael D. Viacom Inc. EVP, General Counsel and
Fricklas 1515 Broadway Secretary
EVP, General New York, NY 10036 Viacom Inc.
Counsel and 1515 Broadway
Secretary New York, NY 10036
Susan C. Viacom Inc. Senior Vice President,
Gordon 1515 Broadway Controller, Chief
SVP, Controller, New York, NY 10036 Accounting Officer
Chief Accounting Viacom Inc.
Officer 1515 Broadway
New York, NY 10036
Carol Melton Viacom Inc. Senior Vice President,
Senior Vice 1515 Broadway Government Relations
President, New York, NY 10036 Viacom Inc.
Government 1515 Broadway
Relations New York, NY 10036
Carl D. Folta Viacom Inc. Senior Vice President,
Viacom Inc. 1515 Broadway Corporate Relations
1515 Broadway New York, NY 10036 Viacom Inc.
New York, NY 1515 Broadway
10036 New York, NY 10036
William A. Viacom Inc. Sr. VP, Human Resources and
Roskin 1515 Broadway Administration
Sr. VP, Human New York, NY 10036 Viacom Inc.
Resources and 1515 Broadway
Administration New York, NY 10036
Viacom Inc
Robert G. Viacom Inc. Vice President and
Freedline 1515 Broadway Treasurer
Vice President New York, N.Y. Viacom Inc.
and Treasurer 10036 1515 Broadway
New York, N.Y. 10036
Martin M. Shea Viacom Inc. Senior Vice President,
Senior Vice 1515 Broadway Investor Relations
President, New York, NY 10036 Viacom Inc.
Investor 1515 Broadway
Relations New York, NY 10036
Page 18 of 21 Pages
SCHEDULE V
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
NAIRI, INC.
----------------
Directors
Business Address Present Principal
Name Occupation and Address of
Employment
---------------------------------------------------------------
George S. Abrams Winer & Abrams Attorney
60 State Street Winer & Abrams
Boston, MA 02109 60 State Street
Boston, MA 02109
David Andelman Lourie and Cutler Attorney
60 State Street Lourie and Cutler
Boston, MA 02109 60 State Street
Boston, MA 02109
Philippe P. DND Capital Co-Chairman and CEO of DND
Dauman Partners, LLC Capital Partners LLC
9 West 57th St. DND Capital Partners, LLC
New York, N.Y. 9 West 57th St.
10019 New York, N.Y. 10019
Brent D. c/o Showtime Director of National
Redstone Networks Inc. Amusements, Inc.
1633 Broadway National Amusements, Inc.
New York, NY 200 Elm Street
10019 Dedham, MA 02026
Shari Redstone National President of National
Amusements, Inc. Amusements, Inc. and
200 Elm Street Executive Vice President
Dedham, MA 02026 of NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Sumner M. Viacom Inc. Chairman of the Board and
Redstone 1515 Broadway Chief Executive Officer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, N.Y. 10036
Page 19 of 21 Pages
SCHEDULE V
(Continued)
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
NAIRI, INC.
----------
Executive Officers
Business Address Present Principal
Name Occupation and Address of
Employment
----------------------------------------------------------------
Sumner M. Viacom Inc. Chairman of the Board and
Redstone 1515 Broadway Chief Executive Officer
Chairman and New York, NY 10036 Viacom Inc.
President 1515 Broadway
New York, N.Y. 10036
Shari Redstone National President of National
Executive Vice Amusements, Inc. Amusements, Inc. and
President 200 Elm Street Executive Vice President
Dedham, MA 02026 of NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Jerome Magner National Vice President and
Vice President Amusements, Inc. Treasurer of National
and Treasurer 200 Elm Street Amusements, Inc. and
Dedham, MA 02026 NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Richard Sherman National Vice President of National
Vice President Amusements, Inc. Amusements, Inc. and
200 Elm Street NAIRI, Inc.National
Dedham, MA 02026 Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Tilly Berman National Secretary
Secretary Amusements, Inc. National Amusements, Inc.
200 Elm Street 200 Elm Street
Dedham, MA 02026 Dedham, MA 02026
Page 20 of 21 Pages
SCHEDULE VI
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
National Amusements, Inc.
----------------------------
Directors
Business Address Present Principal
Name Occupation and Address of
Employment
----------------------------------------------------------------
George S. Abrams Winer & Abrams Attorney
60 State Street Winer & Abrams
Boston, MA 02109 60 State Street
Boston, MA 02109
David Andelman Lourie and Cutler Attorney
60 State Street Lourie and Cutler
Boston, MA 02109 60 State Street
Boston, MA 02109
Philippe P. DND Capital Co-Chairman and CEO of DND
Dauman Partners, LLC Capital Partners LLC
9 West 57th St. DND Capital Partners, LLC
New York, N.Y. 9 West 57th St.
10019 New York, N.Y. 10019
Brent D. c/o Showtime Director of National
Redstone Networks Inc. Amusements, Inc.
1633 Broadway National Amusements, Inc.
New York, NY 200 Elm Street
10019 Dedham, MA 02026
Shari Redstone National President of National
Amusements, Inc. Amusements, Inc. and
200 Elm Street Executive Vice President
Dedham, MA 02026 of NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Sumner M. Viacom Inc. Chairman of the Board and
Redstone 1515 Broadway Chief Executive Officer
New York, NY 10036 Viacom Inc.
1515 Broadway
New York, N.Y. 10036
Page 21 of 21 Pages
SCHEDULE VI
Name, business address, and present
principal occupation or employment of
the directors and executive officers of
National Amusements, Inc.
--------------------------
Executive Officers
Business Address Present Principal Occupation
Name and Address of Employment
---------------- ------------------- -----------------------------
Sumner M. Viacom Inc. Chairman of the Board and
Redstone 1515 Broadway Chief Executive Officer
Chairman and New York, NY 10036 Viacom Inc.
President 1515 Broadway
New York, N.Y. 10036
Shari Redstone National President of National
Executive Vice Amusements, Inc. Amusements, Inc. and
President 200 Elm Street Executive Vice President of
Dedham, MA 02026 NAIRI, Inc.
National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Jerome Magner National Vice President and Treasurer
Vice President Amusements, Inc. of National Amusements, Inc.
and Treasurer 200 Elm Street and NAIRI, Inc.
Dedham, MA 02026 National Amusements, Inc.
200 Elm Street
Dedham, MA 02026
Richard Sherman National Vice President of National
Vice President Amusements, Inc. Amusements, Inc. and NAIRI,
200 Elm Street Inc.National Amusements, Inc.
Dedham, MA 02026 200 Elm Street
Dedham, MA 02026
Tilly Berman National Secretary
Secretary Amusements, Inc. National Amusements, Inc.
200 Elm Street 200 Elm Street
Dedham, MA 02026 Dedham, MA 02026
Exhibit 99.1
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule
13D, dated May 15, 2000 (the "Schedule 13D"), with respect to the
Common Stock, par value $0.01 per share, of Westwood One, Inc.
is, and any amendments executed by us shall be, filed on behalf
of each of us pursuant to and in accordance with the provisions
of Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, and that this Agreement shall be included as an exhibit
to the Schedule 13D and each such amendment. Each of the
undersigned agrees to be responsible for the timely filing of the
Schedule 13D and any amendments thereto, and for the completeness
and accuracy of the information concerning itself contained
therein. This agreement may be executed in any number of
counterparts, all of which taken together shall constitute one
and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the 28th day of March, 2002.
Infinity Network, Inc.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
Infinity Media Corporation
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
Infinity Broadcasting Corporation
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
Viacom Inc.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President,
General Counsel and Secretary
NAIRI, Inc.
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Chairman and President
National Amusements, Inc.
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Chairman and Chief
Executive Officer
/s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Individually