UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------------------------
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
SportsLine.com, Inc.
(Name of Issuer)
Common Stock, Par Value $.01 per share
(Title of Class of Securities)
848-934-10-5
(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)
March 5, 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(e)(f) or (g), check the following box / /.
Check the following box if a fee is being paid with this
statement / /.
Page 2 of 10 Pages
CUSIP No. 848-934-10-5
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
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 11,872,312
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting -----------------------------------------
Person (10) Shared Dispositive Power 11,422,312
With
- ---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
11,872,312
- ---------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
- ---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
31.1%
- ---------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
- ---------------------------------------------------------
Page 3 of 10 Pages
CUSIP No. 848-934-10-5
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
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 11,872,312
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting -----------------------------------------
Person (10) Shared Dispositive Power 11,422,312
With
- ---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
11,872,312
- ---------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
- ---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
31.1%
- ---------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
- ---------------------------------------------------------
Page 4 of 10 Pages
CUSIP No. 848-934-10-5
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
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 11,872,312
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting -----------------------------------------
Person (10) Shared Dispositive Power 11,422,312
With
- ---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
11,872,312
- ---------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
- ---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
31.1%
- ---------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
- ---------------------------------------------------------
Page 5 of 10 Pages
CUSIP No. 848-934-10-5
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
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
- ---------------------------------------------------------
(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 11,872,312
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting -----------------------------------------
Person (10) Shared Dispositive Power 11,422,312
With
- ---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
11,872,312
- ---------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
- ---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
31.1%
- ---------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
- ---------------------------------------------------------
Page 6 of 10 Pages
CUSIP No. 848-934-10-5
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Westinghouse CBS Holding Company, Inc.
I.R.S No. 25-1776511
- ---------------------------------------------------------
(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 11,422,312
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting -----------------------------------------
Person (10) Shared Dispositive Power 11,422,312
With
- ---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting
11,422,312
- ---------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
- ---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
29.9%
- ---------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
- ---------------------------------------------------------
Page 7 of 10 Pages
CUSIP No. 848-934-10-5
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CBS BROADCASTING INC.
I.R.S. Identification No. 13-0590730
- ---------------------------------------------------------
(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 New York
- ---------------------------------------------------------
Number of (7) Sole Voting Power
Shares -----------------------------------------
Beneficially (8) Shared Voting Power 11,422,312
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting -----------------------------------------
Person (10) Shared Dispositive Power 11,422,312
With
- ---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting
11,422,312
- ---------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
- ---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
29.9%
- ---------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
- ---------------------------------------------------------
Page 8 of 10 Pages
Item 1. Security and Issuer.
--------------------
This Amendment No. 3 (the "Amendment") hereby
amends and supplements the Statement on Schedule 13D originally
filed with the Securities and Exchange Commission on May 15,
2000, as amended (the "Schedule 13D") by CBS Broadcasting Inc.
("CBSBI"), Westinghouse CBS Holding Company, Inc. ("W/CBS HCI"),
Viacom Inc. ("Viacom"), NAIRI, Inc. ("NAIRI"), National
Amusements, Inc. ("NAI") and Mr. Sumner M. Redstone with respect
to the Common Stock, par value $.01 per share (the "Common
Shares"), of SportsLine.com, Inc., a Delaware corporation
("SportsLine" or the "Issuer") with its principal executive
office located at 2200 West Cypress Creek Road, Fort Lauderdale,
Florida 33309.
Item 4. Purpose of the Transaction
--------------------------
Item 4 is amended and restated in its entirety as
follows:
The Issuer's Common Shares were acquired by the
Reporting Persons, other than CBSBI and W/CBS HCI which
previously owned the subject shares, pursuant to the merger of
CBS Corporation, of which CBSBI and W/CBS HCI were, respectively,
indirect and direct wholly owned subsidiaries, with and into
Viacom on May 4, 2000.
On March 5, 2003, CBSBI and the Issuer entered into a
letter agreement (the "Letter Agreement"), pursuant to which:
(i) the Agreement dated as of March 5, 1997, between the Issuer
and CBSBI, as amended (the "Agreement"), was amended to provide
that, in lieu of the Issuer's obligations to issue to CBSBI
Common Shares having a fair market value of $20,000,000 on each
of April 1, 2003 and July 1, 2004, the Issuer will:
(A) issue to CBSBI on April 1, 2003, the lesser of (1)
such number of Common Shares having a $20,000,000
fair market value on April 1, 2003, and (2) such
number of Common Shares as would result in CBSBI
and its affiliates' aggregate beneficial ownership
interest in Issuer's Common Shares not exceeding
39.9% and defer the remainder of the $20,000,000
owing to CBSBI until July 1, 2004, and
(B) issue or pay to CBSBI on July 1, 2004:
(1) (a) such number of Common Shares having a
$20,000,000 fair market value on July 1, 2004
plus such number of Common Shares having a
fair market value on July 1, 2004 equal to the
fair market value of the Common Shares deferred
from April 2003 (as described in (A) above)
(such aggregate value owing by SportsLine to
CBSBI on July 1, 2004 being the "July 2004 Value")
or, if that number exceeds 49.9%, (b) such
number of Common Shares as would result in
CBSBI and its affiliates' aggregate beneficial
ownership interest in Issuer's Common Shares
not exceeding 49.9%,
(2) in cash the lesser of (a) the remaining
amount of the July 2004 Value, if any, owing
by the Issuer to CBSBI and (b) $5,000,000,
and
Page 9 of 10 Pages
(3) the remaining amount of the July 2004
Value, if any, owing to CBSBI, at the
Issuer's election, in cash or Common Shares,
based on the fair market value on July 1,
2004 (if the Issuer elects Common Shares,
CBSBI may elect to defer the receipt of such
Common Shares until October 1, 2005, and on
October 1, 2005 CBSBI will receive Common
Shares equal to the value of the deferred
Common Shares based on the fair market value
on October 1, 2005); and
(ii) CBSBI withdrew its request made by letter dated
December 23, 2002, to register 11,422,312 Common Shares
on a Form S-3 shelf-registration statement pursuant to
Section 3.4 of the CBS/SportsLine Stockholder Agreement
dated March 5, 1997 between the Issuer and CBSBI, as
amended.
Any description of the Letter Agreement is qualified in
its entirety by reference to the Letter Agreement attached as
Exhibit 1 to this Amendment.
The Reporting Persons have no current plan or proposal that
relates to, or would result in, any of the actions enumerated in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Notwithstanding the foregoing, the Reporting Persons may, at any
time and from time to time, purchase additional Common Shares of
the Issuer and may dispose of any and all Common Shares of the
Issuer held by them.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
-----------------------------------
Item 6 is amended as follows:
"Except as described in Item 4 above, none of the
Reporting Persons have entered into, or amended any existing
agreement with respect to the Common Shares or other securities
of the Issuer since the prior statement on Schedule 13D, or
amendments thereto, filed by certain of the Reporting Persons and
any predecessor thereof.
"The information set forth under Item 4 above is
incorporated by reference."
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit 1 Letter Agreement dated March 5, 2003, between
CBS Broadcasting Inc. and SportsLine.com,
Inc., incorporated by reference to Exhibit 99.2 to
the Current Report on Form 8-K of SportsLine.com,
Inc., filed with the Securities and Exchange
Commission on March 6, 2003.
Exhibit 2 Joint Filing Agreement among CBS Broadcasting
Inc., Westinghouse CBS Holding Company, Inc.,
Viacom Inc., NAIRI, Inc., National Amusements,
Inc. and Sumner M. Redstone.
Page 9 of 10 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.
March 6, 2003
CBS Broadcasting Inc.
By: /s/ Michael D. Fricklas
------------------------
Michael D. Fricklas
Executive Vice President
Westinghouse CBS Holding
Company, Inc.
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
EXHIBIT 2
----------
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 SportsLine.com, 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 4TH day of January, 2002.
CBS Broadcasting Inc.
By: /s/ Michael D. Fricklas
------------------------
Michael D. Fricklas
Executive Vice President
Westinghouse CBS Holding
Company, Inc.
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