9 17 Heritage Heritage NNP 18 23 Media Media NNP 24 29 Corp. Corp. NNP 29 30 , , , 31 34 New New NNP 35 39 York York NNP 39 40 , , , 41 45 said say VBD 46 48 it it PRP 49 56 offered offer VBD 57 59 to to TO 60 63 buy buy VB 64 67 the the DT 68 74 shares share NNS 75 77 of of IN 78 81 POP POP NNP 82 87 Radio Radio NNP 88 93 Corp. Corp. NNP 94 96 it it PRP 97 101 does do VBZ 101 104 n’t n't RB 105 112 already already RB 113 116 own own VB 117 119 in in IN 120 121 a a DT 122 127 stock stock NN 128 132 swap swap NN 132 133 . . . 136 144 Heritage Heritage NNP 144 145 , , , 146 151 which which WDT 152 156 owns own VBZ 157 159 51 51 CD 159 160 % % NN 161 163 of of IN 164 167 POP POP NNP 167 169 ’s 's POS 170 173 3.6 3.6 CD 174 181 million million CD 182 188 shares share NNS 189 200 outstanding outstanding JJ 200 201 , , , 202 206 said say VBD 207 209 it it PRP 210 214 will will MD 215 223 exchange exchange VB 224 227 one one CD 228 233 share share NN 234 236 of of IN 237 238 a a DT 239 242 new new JJ 243 252 preferred prefer VBN 253 258 stock stock NN 259 262 for for IN 263 267 each each DT 268 271 POP POP NNP 272 278 common common JJ 279 284 share share NN 285 287 it it PRP 288 292 does do VBZ 292 295 n’t n't RB 296 303 already already RB 304 307 own own VB 307 308 . . . 309 318 Depending depend VBG 319 323 upon upon IN 324 327 how how WRB 328 332 many many JJ 333 341 warrants warrant NNS 342 345 and and CC 346 353 options option NNS 354 357 are be VBP 358 367 exercised exercise VBN 368 373 prior prior RB 374 376 to to TO 377 387 completion completion NN 388 390 of of IN 391 394 the the DT 395 406 transaction transaction NN 406 407 , , , 408 416 Heritage Heritage NNP 417 422 would would MD 423 428 issue issue VB 429 436 between between IN 437 440 1.8 1.8 CD 441 448 million million CD 449 452 and and CC 453 457 2.35 2.35 CD 458 465 million million CD 466 475 preferred preferred JJ 476 482 shares share NNS 482 483 , , , 484 485 a a DT 486 494 Heritage Heritage NNP 495 504 spokesman spokesman NN 505 514 estimated estimate VBD 514 515 . . . 516 518 In in IN 519 527 national national JJ 528 544 over-the-counter over-the-counter JJ 545 552 trading trading NN 553 562 yesterday yesterday NN 562 563 , , , 564 567 POP POP NNP 568 575 plunged plunge VBD 576 577 $ $ $ 577 578 4 4 CD 579 581 to to TO 582 583 $ $ $ 583 588 14.75 14.75 CD 588 589 . . . 592 595 The the DT 596 605 preferred preferred JJ 606 611 stock stock NN 611 612 , , , 613 618 which which WDT 619 624 would would MD 625 629 have have VB 630 631 a a DT 632 640 dividend dividend NN 641 645 rate rate NN 646 648 of of IN 649 650 $ $ $ 650 654 1.76 1.76 CD 655 656 a a DT 657 661 year year NN 661 662 , , , 663 668 would would MD 669 671 be be VB 672 683 convertible convertible JJ 684 688 into into IN 689 697 Heritage Heritage NNP 698 704 common common JJ 705 707 at at IN 708 709 a a DT 710 714 rate rate NN 715 717 of of IN 718 722 four four CD 723 729 common common JJ 730 736 shares share NNS 737 740 for for IN 741 745 each each DT 746 755 preferred prefer VBN 755 756 . . . 757 760 New New NNP 761 771 York-based york-based JJ 772 775 POP POP NNP 776 781 Radio Radio NNP 782 790 provides provide VBZ 790 791 , , , 792 799 through through IN 800 801 a a DT 802 810 national national JJ 810 811 , , , 812 820 in-store in-store JJ 821 828 network network NN 828 829 , , , 830 831 a a DT 832 842 customized customize VBN 843 848 music music NN 848 849 , , , 850 861 information information NN 862 865 and and CC 866 877 advertising advertising NN 878 885 service service NN 886 891 which which WDT 892 901 simulates simulate VBZ 902 906 live live JJ 907 912 radio radio NN 912 913 . . . 914 922 Heritage Heritage NNP 923 927 owns own VBZ 928 931 and and CC 932 940 operates operate VBZ 941 951 television television NN 952 955 and and CC 956 961 radio radio NN 962 970 stations station NNS 971 974 and and CC 975 983 in-store in-store JJ 984 995 advertising advertising NN 996 999 and and CC 1000 1009 promotion promotion NN 1010 1018 programs program NNS 1018 1019 . . .