SC 13G/A 1 schedule13ga.htm FORM SC 13G/A Highfields Capital Management LP: Schedule 13G/A - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

IHEARTMEDIA, INC. (Formerly CC Media Holdings, Inc.)
(Name of Issuer)

CLASS A COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)

45174J103
(CUSIP Number)

DECEMBER 31, 2018
(Date of Event Which Requires Filing of this Statement)

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

[   ] Rule 13d-1(b)

[   ] Rule 13d-1(c)

[ x ] 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 the disclosures provided in a prior cover page.

The information required in 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).

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital Management LP  
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  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     PN      

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields GP LLC  
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  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     OO      

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Associates LLC  
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  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     OO      

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Jonathon S. Jacobson  
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  
         
                     United States  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [   ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     IN      

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital I LP  
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  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ x ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     PN      

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital II LP  
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  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ x ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0.0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     PN      

13G/A

1. NAMES OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
         
                     Highfields Capital III L.P.  
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  
       
  5. SOLE VOTING POWER  
       
NUMBER OF                0  
SHARES 6. SHARED VOTING POWER  
BENEFICIALLY      
OWNED BY                —0—  
EACH 7. SOLE DISPOSITIVE POWER  
REPORTING      
PERSON                0  
WITH 8. SHARED DISPOSITIVE POWER  
       
                 —0—  
         
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
                     0      
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ x ]
  (SEE INSTRUCTIONS)  
         
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
         
                     0%      
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
         
                     PN      

13G/A

Item 1 (a). Name of Issuer:
     
    IHeartMedia, Inc. (Formerly CC Media Holdings, Inc.) (the “Issuer”)
     
Item 1 (b). Address of Issuer’s Principal Executive Offices:
     
    20880 Stone Oak Parkway, San Antonio, Texas 78258
     
Item 2 (a). Name of Person Filing:
     

This statement is being filed by the following persons with respect to the shares of Class A common stock (“Class A Common Stock”) of the Issuer directly owned by Highfields Capital I LP (“Highfields I”), Highfields Capital II LP (“Highfields II”) and Highfields Capital III L.P. (“Highfields III” and, together with Highfields I and Highfields II, the “Funds”):

     
(i) Highfields Capital Management LP, a Delaware limited partnership (“Highfields Capital Management”) and investment manager to each of the Funds;
 
(ii) Highfields GP LLC, a Delaware limited liability company (“Highfields GP”) and the General Partner of Highfields Capital Management;
 
(iii) Highfields Associates LLC, a Delaware limited liability company (“Highfields Associates”) and the General Partner of the Funds;
 
(iv) Jonathon S. Jacobson, the Managing Member of Highfields GP and the Senior Managing Member of Highfields Associates;
 
    (v) Highfields I, a Delaware limited partnership;
 
    (vi) Highfields II, a Delaware limited partnership; and
 
(vii) Highfields III, an exempted limited partnership organized under the laws of the Cayman Islands.
       

Highfields Capital Management, Highfields GP, Highfields Associates, Mr. Jacobson, Highfields I, Highfields II and Highfields III are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

     
Item 2 (b). Address of Principal Business Office or, if None, Residence:
     
Address for Highfields Capital Management, Highfields GP, Highfields Associates, Mr. Jacobson, Highfields I and Highfields II:
     
    c/o Highfields Capital Management LP
    200 Clarendon Street, 59th Floor
    Boston, Massachusetts 02116

13G/A

    Address for Highfields III:
     
    State Street (Cayman) Trust Limited
    P.O. Box 896
    1 Nexus Way – Suite #5203
    Heliconia Courtyard, Camana Bay
    Grand Cayman, Cayman Islands
    KY1-1103
     
Item 2 (c). Citizenship:
     
    Highfields Capital Management – Delaware
    Highfields GP – Delaware
    Highfields Associates – Delaware
    Jonathon S. Jacobson – United States

  

 

Highfields I – Delaware  

  

 

Highfields II – Delaware  

    Highfields III – Cayman Islands
     
Item 2 (d). Title of Class of Securities:
     
    Class A Common Stock, $0.001 par value
     
Item 2 (e). CUSIP Number:
     
    45174J103
     
Item 3. Not applicable.

13G/A

Item 4. Ownership.

For Highfields Capital Management, Highfields GP, Highfields Associates, and Mr. Jacobson:

  (a)

Amount beneficially owned: 0 shares of Class A Common Stock

       
  (b)

Percent of class: 0 %

       
  (c)

Number of shares as to which such person has:

       
  (i)

Sole power to vote or to direct the vote: 0

       
  (ii)

Shared power to vote or to direct the vote: —0—

       
  (iii)

Sole power to dispose or to direct the disposition of: 0

       
  (iv)

Shared power to dispose or to direct the disposition of: —0—

For Highfields I:

  (a)

Amount beneficially owned: 0 shares of Class A Common Stock

       
  (b)

Percent of class: 0 %

       
  (c)

Number of shares as to which such person has:

       
  (i)

Sole power to vote or to direct the vote: 0

       
  (ii)

Shared power to vote or to direct the vote: —0—

       
  (iii)

Sole power to dispose or to direct the disposition of: 0

       
  (iv)

Shared power to dispose or to direct the disposition of: —0—

For Highfields II:

  (a)

Amount beneficially owned: 0 shares of Class A Common Stock

     
  (b)

Percent of class: 0 %

     
  (c)

Number of shares as to which such person has:


13G/A

  (i) Sole power to vote or to direct the vote: 0
     
  (ii)

Shared power to vote or to direct the vote: —0—

     
  (iii)

Sole power to dispose or to direct the disposition of: 0

     
  (iv)

Shared power to dispose or to direct the disposition of: —0—

For Highfields III:

  (a)

Amount beneficially owned: 0 shares of Class A Common Stock

       
  (b)

Percent of class: 0 %

       
  (c)

Number of shares as to which such person has:

       
  (i)

Sole power to vote or to direct the vote: 0

       
  (ii)

Shared power to vote or to direct the vote: —0—

       
  (iii)

Sole power to dispose or to direct the disposition of: 0

       
  (iv)

Shared power to dispose or to direct the disposition of: —0—


13G/A

Item 5. Ownership of Five Percent or Less of a Class.
   
  Yes.
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   

The shares of Class A Common Stock beneficially owned by Highfields Capital Management, Highfields GP, Highfields Associates, and Mr. Jacobson are directly owned by the Funds. Highfields Capital Management serves as the investment manager to each of the Funds. Each of Highfields Capital Management, Highfields GP, Highfields Associates, and Mr. Jacobson has the power to direct the receipt of dividends from or the proceeds from the sale of the shares of Class A Common Stock owned by the Funds.

   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   
  Not applicable.
   
Item 8. Identification and Classification of Members of the Group.
   
  See Exhibit 2 attached hereto.
   
Each Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock beneficially owned by the other Reporting Persons.
   
Item 9. Notice of Dissolution of Group.
   
  Not applicable.
   
Item 10. Certification.
   
  Not applicable.

13G/A
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

  February 14, 2019
 

Date
 

  HIGHFIELDS CAPITAL MANAGEMENT LP
 
  By: Highfields GP LLC, its General Partner
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  HIGHFIELDS GP LLC
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  HIGHFIELDS ASSOCIATES LLC
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  JONATHON S. JACOBSON
 
  /s/ Scott D. Pomfret*
  Signature
 
  Scott D. Pomfret, Attorney in Fact
  Name/Title
 
  * by power of attorney

13G/A

  HIGHFIELDS CAPITAL I LP
 
  By: Highfields Associates LLC, its General
  Partner
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  HIGHFIELDS CAPITAL II LP
 
  By: Highfields Associates LLC, its General
  Partner
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  HIGHFIELDS CAPITAL III L.P.
 
  By: Highfields Associates LLC, its General
  Partner
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title

13G/A
EXHIBIT INDEX

Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
   
Exhibit 2. List of Members of Group

13G/A

Exhibit 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe such information is inaccurate.

  February 14, 2019
  Date
 
  HIGHFIELDS CAPITAL MANAGEMENT LP
 
  By: Highfields GP LLC, its General Partner
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  HIGHFIELDS GP LLC
 
  /s/ Scott D. Pomfret
  Signature
 
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  HIGHFIELDS ASSOCIATES LLC
 
  /s/ Scott D. Pomfret
  Signature
   
  Scott D. Pomfret, Authorized Signatory
  Name/Title
 
  JONATHON S. JACOBSON
 
  /s/ Scott D. Pomfret*
  Signature

13G/A

Scott D. Pomfret, Attorney in Fact  
Name/Title  
* by power of attorney  
   
HIGHFIELDS CAPITAL I LP
  		 
By: Highfields Associates LLC, its General  
Partner
  		 
/s/ Scott D. Pomfret  
Signature
  		 
Scott D. Pomfret, Authorized Signatory  
Name/Title
  		 
HIGHFIELDS CAPITAL II LP
  		 
By: Highfields Associates LLC, its General  
Partner
  		 
/s/ Scott D. Pomfret  
Signature
  		 
Scott D. Pomfret, Authorized Signatory  
Name/Title
  		 
HIGHFIELDS CAPITAL III L.P.
  		 
By: Highfields Associates LLC, its General  
Partner  
   
/s/ Scott D. Pomfret  
Signature
  		 
Scott D. Pomfret, Authorized Signatory  
Name/Title  

13G/A

Exhibit 2

MEMBERS OF GROUP

Highfields Capital Management LP
Highfields GP LLC
Highfields Associates LLC
Jonathon S. Jacobson
Highfields Capital I LP
Highfields Capital II LP
Highfields Capital III L.P.