-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WLO7x2nDRuU4M9yzm+B6nRlEbiOR5NAbpoJJWU4fRv2v3lY6OCX1E438ZY0mD0LS qsYJ3X79rtrSzGxsJMAmkg== 0000813828-03-000200.txt : 20030411 0000813828-03-000200.hdr.sgml : 20030411 20030404153317 ACCESSION NUMBER: 0000813828-03-000200 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970207 DATE AS OF CHANGE: 20030411 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STARSIGHT TELECAST INC CENTRAL INDEX KEY: 0000906612 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 943003250 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42461 FILM NUMBER: 03640095 BUSINESS ADDRESS: STREET 1: 39650 LIBERTY ST STREET 2: THIRD FL CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: 5106579900 MAIL ADDRESS: STREET 1: 39650 LIBERTY ST CITY: FREMONT STATE: CA ZIP: 94538 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VIACOM INTERNATIONAL INC /DE/ CENTRAL INDEX KEY: 0001023421 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 133844753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O VIACOM INC STREET 2: 1515 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2122586000 MAIL ADDRESS: STREET 1: VIACOM INC STREET 2: 1515 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: VIACOM INTERNATIONAL INC DATE OF NAME CHANGE: 19961018 FORMER COMPANY: FORMER CONFORMED NAME: VIACOM INTERNATIONAL SERVICES /DE/ DATE OF NAME CHANGE: 19961105 SC 13D/A 1 starsight.txt AMENDMENT NO. 4 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------------------------------------- SCHEDULE 13D (Amendment No. 4) Under the Securities Exchange Act of 1934 STARSIGHT TELECAST, INC. (Name of Issuer) Common Stock, No Par Value (Title of Class of Securities) 85568E 10 4 (CUSIP Number) Philippe P. Dauman, 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) December 23, 1996 (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 1 of 19 CUSIP No. 85568E 10 4 (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person VIACOM INTERNATIONAL INC. - - -------------------------------------------------------------------- I.R.S. Identification No. 13-3844753 - - -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of Group (See Instructions) |_| (a)---------------------------------------------------------- |_| (b)---------------------------------------------------------- ---------------------------------------------------------- (3) SEC Use Only------------------------------------------------- - - -------------------------------------------------------------------- (4) Sources of Funds (See Instructions)-------------------------- (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 5,685,824 Owned by ------------------------- Each (9) Sole Dispositive Power----------------------- Reporting Person (10) Shared Dispositive Power 5,685,824 With --------------------- - ---- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,685,824 - - -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)----------------------------------- (13) Percent of Class Represented by Amount in Row (11) 22.3% ---------- (14) Type of Reporting Person (See Instructions) CO ----------------- Page 2 of 19 CUSIP No. 85568E 10 4 (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person SUMNER M. REDSTONE - - -------------------------------------------------------------------- S.S. No. - - -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of Group (See Instructions) |_| (a)---------------------------------------------------------- |_| (b)---------------------------------------------------------- ---------------------------------------------------------- (3) SEC Use Only------------------------------------------------- - - -------------------------------------------------------------------- (4) Sources of Funds (See Instructions)-------------------------- - - -------------------------------------------------------------------- (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 36,500 Shares ------------------------- Beneficially (8) Shared Voting Power 5,685,824 Owned by ------------------------- Each (9) Sole Dispositive Power 36,500 Reporting ------------------------ Person (10) Shared Dispositive Power 5,685,824 With ---------------------- - - ---------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,722,324 - - -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)---------------------------------- (13) Percent of Class Represented by Amount in Row (11) 22.44% ------------- (14) Type of Reporting Person (See Instructions) IN ------------------- Page 3 of 19 This Amendment No. 4 amends the Statement on Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on September 16, 1993 by Sumner M. Redstone and Viacom International Inc., as amended by Amendment No. 1 filed with the Commission on December 5, 1994 by Spelling Entertainment Inc. ("Spelling"), PVI Transmission Inc. ("PVI") and Sumner M. Redstone, as further amended by Amendment No. 2 filed with the Commission on May 1, 1995 by Spelling, PVI and Sumner M. Redstone, and as further amended by Amendment No. 3 filed with the Commission on December 11, 1995 by Spelling, PVI and Sumner M. Redstone (as amended, the "13D Statement"), with respect to the shares of common stock, no par value (the "Common Stock"), of StarSight Telecast, Inc., a California corporation (the "Issuer"), with its principal executive offices located at 39650 Liberty Street, Fremont, California 94538. Capitalized terms used but not defined herein have the meanings assigned to such terms in the 13D Statement. Item 2. Identity and Background. ----------------------- Item 2 is amended to read in full as follows: Viacom International Inc. (the "Company") has its principal executive offices at 1515 Broadway, New York, New York 10036. The Company is a diversified entertainment and communications company. All of its common stock is held by Viacom Inc., a Delaware corporation ("Viacom"), which also has its principal executive offices at 1515 Broadway, New York, New York 10036. As of December 31, 1996, approximately 67.5% of the Class A Common Stock, par value $.01 per share, of Viacom and approximately 18.5% of the Class B Common Stock, par value $.01 per share, of Viacom was owned by National Amusements, Inc., a Maryland corporation ("NAI"). NAI has its principal offices at 200 Elm Street, Dedham, Massachusetts 02026. NAI's principal businesses are owning and operating movie theaters in the United States, United Kingdom and South America, and holding the common stock of Viacom. Mr. Sumner M. Redstone may be deemed to be a beneficial owner of 75% of the issued and outstanding shares of capital stock of NAI. Sumner M. Redstone is an individual whose business address is c/o National Amusements, Inc., 200 Elm Street, Dedham, Massachusetts 02026. Mr. Redstone's principal occupation is Chairman, President and Chief Executive Officer of NAI; Chairman, Chief Executive Officer of Viacom, and President and Chief Executive Officer of the Company. The directors and executive officers of the Company, Viacom and NAI are set forth on Schedules I, II and III, respectively, attached hereto. Each of Schedules I, II and III sets forth the following information with respect to each such person: (i) name; (ii) business address (or residence address) Page 4 of 19 Spelling Entertainment Group Inc., a Delaware corporation. SEGI Holding Corp., a Delaware corporation, beneficially owns approximately 76% of Spelling Entertainment Group Inc. and is a wholly owned subsidiary of Blockbuster Pictures Holding Corporation, a Delaware corporation, which in turn is a wholly owned subsidiary of the Company. (iv) 85,834 shares of Common Stock subject to options exercisable within 60 days of the date of this Amendment to the 13D Statement which are held for the benefit of the Company. These options do not entitle the Company to vote on any matter submitted to a vote of Issuer's shareholders. Viacom, as the sole shareholder of the Company, may be deemed the beneficial owner of all of the shares of Common Stock described in clauses (i) through (iv) of this Item 5. NAI, as the controlling shareholder of Viacom, may be deemed the beneficial owner of all of the shares of Common Stock described in clauses (i) through (iv) of this Item 5. Sumner M. Redstone, as the controlling stockholder of NAI, may be deemed the beneficial owner of all of the shares of Common Stock described in clauses (i) through (iv) of this Item 5. Sumner M. Redstone also owns 36,500 shares of Common Stock directly. The aggregate beneficial ownership of Sumner M. Redstone is approximately 22.44%. Shares of Common Stock held by current and former employees of the Company over which the Company had the power to direct the vote (but not the right to direct the disposition) pursuant to Shareholder Agreements previously filed as exhibits to the Statement are no longer subject to such agreements. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer -------------------------------------------------------- PVI and Virgin each executed the Agreement of Principal Shareholders Concerning Transfer and Voting Shares of StarSight Telecast, Inc. as of December 23, 1996 pursuant to which PVI, Virgin, Thomson Multimedia S.A., Cox Communications, Inc., Tribune Company and Providence Journal Company agreed to vote or cause to be voted all of their respective beneficially owned shares of Common Stock in favor of the Issuer's merger with Gemstar International Group Limited. Item 7. Material to Be Filed as Exhibits. -------------------------------- 99.1 Agreement of Principal shareholders Concerning Transfer and Voting of Shares of StarSight Telecast Inc. Page 6 of 19 Signature --------- 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. February 7, 1997 Viacom International Inc. By: /s/ Philippe P.Dauman ----------------------- Name: Philippe P. Dauman Title: Vice President and Secretary * ------------------------------- Sumner M. Redstone, Individually *By /s/ Philippe P. Dauman ----------------------------- Philippe P. Dauman Attorney-in-Fact under the Limited Power of Attorney previously filed Page 7 of 19 Schedule I Viacom International Inc. Executive Officers
Name and Address Business or Of Corporation or Residence Principal Other Organization Name Address Occupation in - ---------- Or Employment Which Employed ------------------- ------------------ Sumner M. Viacom Inc. Chairman of the National Redstone 1515 Board Amusements, Inc Broadway and Chief Executive 200 Elm Street New York, Officer of Viacom Dedham, MA 02026 NY 10036 Inc., Chairman of the Board and President, Chief Executive Officer of National Amusements, Inc., President and Chief Executive Officer of Viacom International Inc. Vaughn A. Viacom Inc. Sr. VP, Treasurer Viacom Clarke 1515 of International Inc Broadway Viacom Inc. and 1515 Broadway New York, Viacom New York, NY 10036 International Inc. NY 10036 Philippe P. Viacom Inc. Deputy Chairman, Viacom Dauman* 1515 Executive VP, International Inc Broadway General 1515 Broadway New York, Counsel, Chief New York, NY 10036 Administrative NY 10036 Officer and Secretary of Viacom Inc. and Executive VP and Secretary of Viacom International Inc. Thomas E. Viacom Inc. Deputy Chairman, Viacom Dooley 1515 Executive VP, International Inc Broadway Finance, 1515 Broadway New York, Corporate New York, NY 10036 Development NY 10036 and Communications of Viacom Inc. and Executive VP of Viacom International Inc.
- ---------------------------- *Also a Director Page 8 of 19 Schedule I (Continued)
> Name and Address Of Corporation Business or Principal or Name Residence Occupation Other - ---------- Address Or Employment Organization in ------------ --------------- Which Employed -- ---------------- -- Carl D. Viacom Inc. Sr. VP, Viacom Folta 1515 Corporate International Broadway Relations of Inc New York, Viacom 1515 Broadway NY 10036 Inc. and Viacom New York, International NY 10036 Inc. Michael D. Viacom Inc. Sr. VP, Deputy Viacom Fricklas* 1515 General International Broadway Counsel and Inc New York, Assistant 1515 Broadway NY 10036 Secretary of New York, Viacom NY 10036 Inc. and Sr. VP and Assistant Secretary of Viacom International Inc. Susan C. Viacom Inc. Vice President, Viacom Gordon 1515 Controller, International Broadway Chief Inc New York, Accounting 1515 Broadway NY 10036 Officer New York, of Viacom NY 10036 Inc. and Viacom International Inc. Rudolph L. Viacom Inc. Sr. VP of Viacom Hertlein 1515 Viacom International Broadway Inc. and Viacom Inc New York, International 1515 Broadway NY 10036 Inc. New York, NY 10036 William A. Viacom Inc. Sr. VP, Human Viacom Roskin 1515 Resources and International Broadway Administration Inc New York, of Viacom 1515 Broadway NY 10036 Inc. and Viacom New York, International NY 10036 Inc. George S. Viacom Inc. Sr. VP, Chief Viacom Smith, Jr.* 1515 Financial International Broadway Officer of Inc New York, Viacom Inc. and 1515 Broadway NY 10036 Viacom New York, International NY 10036 Inc. Mark M. Viacom Inc. Sr. VP, Viacom Weinstein 1515 Government International Broadway Affairs of Inc New York, Viacom Inc. and 1515 Broadway NY 10036 Viacom New York, International NY 10036 Inc.
Page 9 of 19 Schedule II Viacom Inc. Executive Officers
> Name and Address Business or Of Corporation or Residence Principal Other Organization Name Address Occupation in - ---------- Or Employment Which Employed ------------------- ------------------ Sumner M. Viacom Inc. Chairman of the National Redstone 1515 Board Amusements, Inc Broadway and Chief Executive 200 Elm Street New York, Officer of Viacom Dedham, MA 02026 NY 10036 Inc., Chairman of the Board and President, Chief Executive Officer of National Amusements, Inc., President and Chief Executive Officer of Viacom International Inc. Vaughn A. Viacom Inc. Sr. VP, Treasurer Viacom Clarke 1515 of International Inc Broadway Viacom Inc. and 1515 Broadway New York, Viacom New York, NY 10036 International Inc. NY 10036 Philippe P. Viacom Inc. Deputy Chairman, Viacom Dauman* 1515 Executive VP, International Inc Broadway General 1515 Broadway New York, Counsel, Chief New York, NY 10036 Administrative NY 10036 Officer and Secretary of Viacom Inc. and Executive VP and Secretary of Viacom International Inc. Thomas E. Viacom Inc. Deputy Chairman, Viacom Dooley* 1515 Executive VP, International Inc Broadway Finance, 1515 Broadway New York, Corporate New York, NY 10036 Development NY 10036 and Communications of Viacom Inc. and Executive VP of Viacom International Inc.
- ---------------------------- *Also a Director Page 10 of 19 Schedule II (Continued)
Name and Address Of Corporation Business or Principal or Residence Occupation Other Name Address Or Employment Organization in ------------ --------------- Which Employed -- ---------------- Carl D. Viacom Inc. Sr. VP, Viacom Folta 1515 Corporate International Broadway Relations of Inc New York, Viacom 1515 Broadway NY 10036 Inc. and Viacom New York, International NY 10036 Inc. Michael D. Viacom Inc. Sr. VP, Deputy Viacom Fricklas 1515 General International Broadway Counsel and Inc New York, Assistant 1515 Broadway NY 10036 Secretary of New York, Viacom NY 10036 Inc. and Sr. VP and Assistant Secretary of Viacom International Inc. Susan C. Viacom Inc. Vice President, Viacom Gordon 1515 Controller, International Broadway Chief Inc New York, Accounting 1515 Broadway NY 10036 Officer New York, of Viacom NY 10036 Inc. and Viacom International Inc. Rudolph L. Viacom Inc. Sr. VP of Viacom Hertlein 1515 Viacom International Broadway Inc. and Viacom Inc New York, International 1515 Broadway NY 10036 Inc. New York, NY 10036 William A. Viacom Inc. Sr. VP, Human Viacom Roskin 1515 Resources and International Broadway Administration Inc New York, of Viacom 1515 Broadway NY 10036 Inc. and Viacom New York, International NY 10036 Inc. George S. Viacom Inc. Sr. VP, Chief Viacom Smith, Jr. 1515 Financial International Broadway Officer of Inc New York, Viacom Inc. and 1515 Broadway NY 10036 Viacom New York, International NY 10036 Inc. Mark M. Viacom Inc. Sr. VP, Viacom Weinstein 1515 Government International Broadway Affairs of Inc New York, Viacom Inc. and 1515 Broadway NY 10036 Viacom New York, International NY 10036 Inc.
Page 11 0f 19 Schedule II (Continued)
Name and Address Of Corporation Business or Principal or Residence Occupation Other Name Address Or Employment Organization in ------------ --------------- Which Employed -- ---------------- -- DIRECTORS George S. Winer & Attorney Winer & Abrams Abrams Abrams 60 State Street 60 State Boston, MA 02109 Street Boston, MA 02109 Kan Miller Credit Vice Chairman Credit Suisse Suisse First of First Boston Boston Credit Suisse 11 Madison 11 Madison First Boston Avenue Avenue Corporation New York, NY New York, NY 10010 10010 Brent D. C/o Showtime Director of National Redstone Networks National Amusements Inc. Inc. Amusements, 200 Elm Street 8101 E. Inc. Dedham, MA 02026 Prentice Avenue Suite 704 Englewood, CO 80111 Shari National Executive Vice National Redstone Amusements President of Amusements Inc. Inc. National 200 Elm Street 200 Elm Amusements Inc. Dedham, MA 02026 Street Dedham, MA 02026 Frederic V. NYNEX Vice Chairman - NYNEX Salerno Corporation Finance and Corporation 1095 Avenue Business 1095 Avenue of of the Devlopment of the Americas Americas NYNEX New York, N.Y. New York, 10033 N.Y. 10033 William Yeshiva VP for Academic Yeshiva Schwartz University Affairs University 495 (chief academic 495 Amsterdam Amsterdam officer) Avenue Avenue of Yeshiva New York, NY New York, NY University 10033 10033 Ivan NYNEX Chairman of the NYNEX Seidenberg Corporation Board and Chief Corporation 1095 Avenue Executive 1095 Avenue of of the Officer of the Americas Americas NYNEX New York, N.Y. New York, 10033 N.Y. 10033
Page 12 of 18 Schedule III National Amusements, Inc. Executive Officers
Name and Address Business or Of Corporation or Residence Principal Other Organization Name Address Occupation in - ---------- Or Employment Which Employed ------------------- ------------------ - -- Sumner M. Viacom Inc. Chairman of the National Redstone* 1515 Board Amusements, Inc Broadway and Chief Executive 200 Elm Street New York, Officer of Viacom Dedham, MA 02026 NY 10036 Inc., Chairman of the Board and President, Chief Executive Officer of National Amusements, Inc., President and Chief Executive Officer of Viacom International Inc. Shari National Executive Vice National Redstone* Amusements President of Amusements Inc. Inc. National Amusements 200 Elm Street 200 Elm Inc. Dedham, MA 02026 Street Dedham, MA 02026 Jerome National Vice President and National Magner Amusements Treasurer of Amusements Inc. Inc. National 200 Elm Street 200 Elm Amusements, Inc. Dedham, MA 02026 Street Dedham, MA 02026 DIRECTORS George S. Winer & Attorney Winer & Abrams Abrams Abrams 60 State Street 60 State Boston, MA 02109 Street Boston, MA 02109 David Lourie & Attorney Lourie & Cutler Andelman Cutler 60 State Street 60 State Boston, MA 02109 Street Boston, MA 02109 Philippe P. Viacom Inc. Deputy Chairman, Viacom Dauman* 1515 Executive VP, International Inc Broadway General 1515 Broadway New York, Counsel, Chief New York, NY 10036 Administrative NY 10036 Officer and Secretary of Viacom Inc. and Executive VP and Secretary of Viacom International Inc. Martin Wellspring Resident of Wellspring Davis Associates Wellspring Associates Inc. Inc. Associates Inc. 625 Fifth Avenue 625 Fifth New York, NY 10020 Avenue New York, NY 10020
- ------------------------------ * Also a Director Page 13 of 18
Name and Address Business or Of Corporation or Residence Principal Other Organization Name Address Occupation in - ---------- Or Employment Which Employed ------------------- ------------------ - -- Brent D. c/o Director of National Redstone Showtime National Amusements Inc. Networks Amusements, Inc. 200 Elm Street Inc. Dedham, MA 02026 8101 E. Prentice Avenue Suite 704 Englewood, CO 80111 Phyllis 98 Baldpate None N/A0 Redstone Hill Road Newton Centre, MA 02159 (Residence) Shari National Executive Vice National Redstone* Amusements President of Amusements Inc. Inc. National Amusements 200 Elm Street 200 Elm Inc. Dedham, MA 02026 Street Dedham, MA 02026
Page 14 of 19 EXHIBIT INDEX Exhibit No. Description Page No. 99.1 Agreement of Principal Shareholders Concerning Transfer and Voting of Shares of StarSight Telecast Inc. Page 15 of 18 EX-99 3 starex99-1.txt EXHIBIT 99.1 Exhibit 99.1 December 23, 1996 Gemstar International Group Limited 135 North Los Robles Avenue - Suite 800 Pasadena, California 91101 Re: Agreement of Principal Shareholders Concerning Transfer and Voting of Shares of StarSight Telecast, Inc. We understand that Gemstar International Group Limited, a British Virgin Island corporation ("Gemstar"), and StarSight Telecast, Inc., a California corporation (the "Company"), of which the undersigned are principal shareholders, are prepared to enter into an agreement for the merger (the "Merger") of G/S Acquisition Subsidiary, a California corporation ("Sub"), into the Company, but that Gemstar has conditioned its willingness to proceed with such agreement (the "Merger Agreement") upon Gemstar's receipt from us of assurances satisfactory to Gemstar of our support of and commitment to the Merger. We are familiar with the Merger Agreement and the terms and conditions of the Merger. In order to evidence such commitment and to induce Gemstar to enter into the Merger Agreement, we hereby represent and warrant to Gemstar and agree with Gemstar as follows: 1. Voting. We will vote or cause to be voted all shares of capital stock of the Company owned of record or beneficially owned or held in any capacity by any of us or under any of our control in favor of the Merger and other transactions provided for in or contemplated by the Merger Agreement and against any inconsistent proposals or transactions. 2. Ownership. As of the date hereof, our only ownership of, or interest in, equity securities or convertible debt securities of the Company consists solely of the interests described in Schedule I hereto (collectively, the "Shares'). 3. Restriction on Transfer. During the period from the date of this Merger Agreement and continuing until the earlier of the termination of the Merger Agreement pursuant to its terms or the effective time of the Merger, we will not sell, transfer, pledge or otherwise dispose of any of the Shares or any interest therein or agree to sell, transfer, pledge or otherwise dispose of any of the Shares or any interest therein, without your express written consent. In addition, we hereby agree to execute and deliver to you the affiliate letters contemplated by Section 5.10 of the Merger Agreement in the form of Exhibit 5.10A to the Merger Agreement. 4. Termination. This letter agreement and our obligations hereunder will terminate on June 30, 1997 unless the Merger Agreement is extended in accordance Page 16 of 18 with its terms, in which event this letter agreement and our obligations will terminate on such extended date. Notwithstanding the foregoing, if the Merger Agreement were to be terminated earlier in accordance with its terms, this letter agreement and our obligations hereunder will also terminate concurrently with the termination of the Merger Agreement. 5. Effective Date; Succession; Remedies. Upon your acceptance and execution of the Agreement, this letter agreement shall mutually bind and benefit you and us, any of our heirs, successors and assigns and any of your successors. You will not assign the benefit of this letter agreement other than to a wholly owned subsidiary. We agree that in light of the inadequacy of damages as a remedy, specific performance shall be available to you, in addition to any other remedies you may have for the violation of this letter agreement. 6. Nature of Holdings; Shares. All references herein to our holdings of the Shares shall be deemed to include Shares held or controlled by any of us, individually, jointly (as community property or otherwise), or in any other capacity, and shall extend to any securities issued to any of us in respect of the Shares. Very truly yours, Principal Shareholders PVI TRANSMISSION INC. By: /s/ Edward Schor ---------------------------- Name: Edward Schor Title: Vice President THOMSON MULTIMEDIA S.A. By: /s/ James Meyer ---------------------------- Name: James Meyer Title: COX COMMUNICATIONS, INC. By: /s/ Ajit Dalvi ---------------------------- Name: Ajit Dalvi Title: Page 17 of 18 VIRGIN INTERACTIVE ENTERTAINMENT, INC. By: /s/ Sally Suchil ---------------------------- Name: Sally Suchil Title: Senior Vice President TRIBUNE COMPANY By: /s/ Don Davis ---------------------------- Name: Don Davis Title: PROVIDENCE JOURNAL COMPANY By: /s/ Jack Clifford ---------------------------- Name: Jack Clifford Title: Executive Vice President ACCEPTED: GEMSTAR INTERNATIONAL GROUP LIMITED By: /s/ Larry Goldberg --------------------------------- Name: Larry Goldberg Title: Secretary Page 18 of 18 SCHEDULE 1 ----------- Shares of Beneficial Owner Common Stock Owned PVI Transmission Inc. 4,475,814 THOMSON multimedia S.A. 3,333,333 Cox Communications, Inc. 2,166,647 Virgin Interactive Entertainment, Inc. 1,124,176 Tribune Company 1,122,518 Providence Journal Company 791,897 -----END PRIVACY-ENHANCED MESSAGE-----