0001193125-13-389143.txt : 20131003 0001193125-13-389143.hdr.sgml : 20131003 20131002211734 ACCESSION NUMBER: 0001193125-13-389143 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20131003 DATE AS OF CHANGE: 20131002 GROUP MEMBERS: BLUE MOUNTAIN CA MASTER FUND GP, LTD. GROUP MEMBERS: BLUE MOUNTAIN CREDIT ALTERNATIVES MASTER FUND L.P. GROUP MEMBERS: BLUEMOUNTAIN GP HOLDINGS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RADIO ONE, INC. CENTRAL INDEX KEY: 0001041657 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 521166660 STATE OF INCORPORATION: DE FISCAL YEAR END: 0529 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-57255 FILM NUMBER: 131132013 BUSINESS ADDRESS: STREET 1: 5900 PRINCESS GARDEN PARKWAY STREET 2: 7TH FL CITY: LANHAM STATE: MD ZIP: 20706 BUSINESS PHONE: 3013061111 MAIL ADDRESS: STREET 1: 5900 PRINCESS GARDEN PARKWAY STREET 2: 7TH FL CITY: LANHAM STATE: MD ZIP: 20706 FORMER COMPANY: FORMER CONFORMED NAME: RADIO ONE INC DATE OF NAME CHANGE: 19970626 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlueMountain Capital Management, LLC CENTRAL INDEX KEY: 0001427430 IRS NUMBER: 261523875 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, 5TH FLOOR EAST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (212) 905-3900 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, 5TH FLOOR EAST CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G/A 1 d607339dsc13ga.htm AMENDMENT NO.3 TO SCHEDULE 13G Amendment No.3 to Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

RADIO ONE, INC.

(Name of Issuer)

CLASS D COMMON STOCK

(Title of Class of Securities)

75040P405

(CUSIP Number)

Paul Friedman

BlueMountain Capital Management, LLC

280 Park Avenue, 5th Floor East

New York, New York 10017

Telephone: 212-905-3990

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

September 19, 2013

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 

CUSIP No. 75040P405

  13G   Page 2 of 10 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC (26-1523875)

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ¨        (b)  x

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

    00,000

   6.   

SHARED VOTING POWER

 

    1,620,001

   7.   

SOLE DISPOSITIVE POWER

 

    00,000

   8.   

SHARED DISPOSITIVE POWER

 

    1,620,001

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    1,620,001

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    4.2%

12.  

TYPE OF REPORTING PERSON (see instructions)

 

    IA


 

CUSIP No. 75040P405

  13G   Page 3 of 10 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

BLUEMOUNTAIN GP HOLDINGS, LLC (26-1523585)

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ¨        (b)  x

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware, United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

    00,000

   6.   

SHARED VOTING POWER

 

    1,504,925

   7.   

SOLE DISPOSITIVE POWER

 

    00,000

   8.   

SHARED DISPOSITIVE POWER

 

    1,504,925

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    1,504,925

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    3.9%

12.  

TYPE OF REPORTING PERSON (see instructions)

 

    OO


 

CUSIP No. 75040P405

  13G   Page 4 of 10 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Blue Mountain Credit Alternatives Master Fund L.P. (98-0406591)

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ¨        (b)  x

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

    00,000

   6.   

SHARED VOTING POWER

 

    953,253

   7.   

SOLE DISPOSITIVE POWER

 

    00,000

   8.   

SHARED DISPOSITIVE POWER

 

    953,253

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    953,253

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    2.5%

12.  

TYPE OF REPORTING PERSON (see instructions)

 

    PN


 

CUSIP No. 75040P405

  13G   Page 5 of 10 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Blue Mountain CA Master Fund GP, Ltd. (98-0451186)

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ¨        (b)  x

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

    00,000

   6.   

SHARED VOTING POWER

 

    953,253

   7.   

SOLE DISPOSITIVE POWER

 

    00,000

   8.   

SHARED DISPOSITIVE POWER

 

    953,253

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    953,253

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)    ¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    2.5%

12.  

TYPE OF REPORTING PERSON (see instructions)

 

    CO


 

CUSIP No. 75040P405

  13G   Page 6 of 10 Pages

 

Item 1.

 

  (a)     

Name of Issuer

Radio One, Inc.

  (b)     

Address of Issuer’s Principal Executive Offices

1010 Wayne Avenue, 14th Floor

Silver Springs, Maryland 20910

Item 2.

 

          (a)     

Name of Person Filing

 

This Amendment Number 3 to the Schedule 13G is being filed on behalf of BlueMountain Capital Management, LLC (“BMCM”), BlueMountain GP Holdings, LLC (“GP Holdings”), Blue Mountain Credit Alternatives Master Fund L.P. (“Credit Alternatives”) and Blue Mountain CA Master Fund GP, Ltd. (“Credit Alternatives GP” and together with BMCM, GP Holdings and Credit Alternatives, the “Reporting Persons”) with respect to the shares of Class D Common Stock, $0.001 par value per share (the “Class D Common Stock”) of Radio One, Inc., a Delaware corporation (the “Issuer”).

 

BMCM acts as investment manager to, and exercises investment discretion with respect to the Class D Common Stock directly owned by, the following entities:

 

(i) Credit Alternatives with respect to the 953,253 shares of Class D Common Stock directly owned by it;

 

(ii) BlueMountain Long/Short Credit Master Fund L.P., a Cayman Islands exempted limited partnership (“Long/Short Credit”) with respect to the 316,463 shares of Class D Common Stock directly owned by it;

 

(iii) BlueMountain Equity Alternatives Master Fund L.P., a Cayman Islands exempted limited partnership (“Equity Alternatives”) with respect to the 87,752 shares of Class D Common Stock directly owned by it;

 

(iv) BlueMountain Montenvers Master Fund SCA SICAV-SIF, an investment company with variable capital organized as a specialized investment fund in the form of a corporate partnership limited by shares under the laws of Luxembourg (“Montenvers”), with respect to the 46,618 shares of Class D Common Stock directly owned by it;

 

(v) BlueMountain Kicking Horse Fund L.P., a Cayman Islands exempted limited partnership (“Kicking Horse” and together with Credit Alternatives, Long/Short Credit, Montenvers and Equity Alternatives, the “Partnerships”) with respect to the 100,839 shares of Class D Common Stock directly owned by it;

 

(vi) BlueMountain Timberline Ltd., a Cayman Islands exempted limited company, with respect to the 62,374 shares of Class D Common Stock directly owned by it; and

 

(vii) AAI BlueMountain Fund PLC, on behalf of its sub-fund BlueMountain Long/Short Credit and Distressed Reflection Fund, an Irish open-ended umbrella fund investment company incorporated as a public limited company with variable capital and with segregated liability between its sub-funds, with respect to the 52,702 shares of Class D Common Stock directly owned by it.


 

CUSIP No. 75040P405

  13G   Page 7 of 10 Pages

 

      

Credit Alternatives GP serves as the general partner of Credit Alternatives, with respect to the Class D Common Stock directly owned by Credit Alternatives. GP Holdings serves as the ultimate general partner of each of the Partnerships, with respect to the Class D Common Stock directly owned by each of the Partnerships.

 

The filing of this statement should not be construed as an admission that any Reporting Person (other than Credit Alternatives) is, for the purpose of Section 13 of the Act, the beneficial owner of the Class D Common Stock reported herein.

          (b)     

Address of the Principal Office or, if none, residence

 

With respect to BMCM and GP Holdings: 280 Park Avenue, 5th Floor East, New York, New York 10017

 

With respect to Credit Alternatives and Credit Alternatives GP: c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

          (c)     

Citizenship

 

With respect to BMCM and GP Holdings: Delaware, USA

 

With respect to Credit Alternatives and Credit Alternatives GP: Cayman Islands

          (d)     

Title of Class of Securities

 

Class D Common Stock

          (e)     

CUSIP Number

 

75040P405

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

          (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
          (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
          (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
          (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
          (e)    x    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
          (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
          (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
          (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);


 

CUSIP No. 75040P405

  13G   Page 8 of 10 Pages

 

          (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
          (j)    ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

The information required by Items 4(a) – (c) is set forth in Rows 5-11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.

BMCM, GP Holdings and Credit Alternatives GP expressly declare that this filing shall not be construed as an admission that each is, for the purposes of sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this filing.

The Company’s Form 10-Q filed on August 19, 2013, indicates that the total number of outstanding shares of Class D Common Stock as of August 2, 2013 was 38,900,738. The percentages used herein and in the rest of the Schedule 13G are based upon such number of shares of Class D Common Stock outstanding.

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  x.

Instruction. Dissolution of a group requires a response to this item.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not Applicable

Item 8. Identification and Classification of Members of the Group.

Not Applicable

Item 9. Notice of Dissolution of Group.

Not Applicable


 

CUSIP No. 75040P405

  13G   Page 9 of 10 Pages

 

Item 10. Certification.

The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


 

CUSIP No. 75040P405

  13G   Page 10 of 10 Pages

 

SIGNATURES

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATED: October 2, 2013

BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC

 

By:  

/s/ PAUL FRIEDMAN

Paul Friedman, Chief Compliance Officer

BLUEMOUNTAIN GP HOLDINGS, LLC

 

By:  

/s/ PAUL FRIEDMAN

Paul Friedman, Chief Compliance Officer

BLUE MOUNTAIN CREDIT ALTERNATIVES MASTER FUND L.P.

BY: Blue Mountain CA Master Fund GP, LTD.

 

By:  

/s/ ANDREW FELDSTEIN

Andrew Feldstein, Director

BLUE MOUNTAIN CA MASTER FUND GP, LTD.

 

By:  

/s/ ANDREW FELDSTEIN

Andrew Feldstein, Director