SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Midisoft Corporation
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
597413-10-3
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(CUSIP Number)
Michael D. Hill
Vice President and General Counsel
Capitol Broadcasting, Inc.
2619 Western Boulevard, P.O. Box 12000
Raleigh, North Carolina 27605
Telephone: (919) 821-8730
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
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July 14, 1999
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(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 { }.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. SEE Rule 13d-1(a) for other parties to whom copies are sent.
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, as amended (the "Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.
Page 1 of 4
CUSIP NO.: 597413-10-3
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAPITOL BROADCASTING COMPANY, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) { }
(b) {X}
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3
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) { }
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NORTH CAROLINA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 781,250
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH
REPORTING 9 781,250
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
781,250
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES { }
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.0%
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14 TYPE OF REPORTING PERSON
CO
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Page 2 of 4
ITEM 1. SECURITY AND ISSUER
This statement relates to the beneficial ownership of the common stock,
no par value per share (the "Common Stock"), of Midisoft Corporation, a
Washington corporation (the "Issuer"). The principal executive offices of the
Issuer are located at 1605 NW Sammamish Road, Suite 205, Issaquah, Washington
98027.
ITEM 2. IDENTITY AND BACKGROUND
The person filing this statement is Capitol Broadcasting Company, Inc.
("Capitol"), a diversified communications company. Capitol is a North Carolina
corporation with its principal business office located at 2619 Western Blvd.,
P.O. Box 12000, Raleigh, North Carolina 27605. Capitol has not, during the last
five years, been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and, as a result of such proceeding, was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Capitol acquired 781,250 shares of Common Stock for a purchase price of
$1,000,000. The source of funds for this transaction was working capital.
ITEM 4. PURPOSE OF TRANSACTION
Capitol's sole purpose in acquiring shares of Common Stock is to hold
the securities for investment. Capitol may acquire or dispose of additional
shares of Common Stock, but does not presently intend to do so.
This intention may change depending upon market conditions.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Capitol currently is the beneficial owner of 781,250 shares, or
10.0%, of the Common Stock.
(b) Capitol has sole voting and dispositive power with respect to the
781,250 shares it beneficially owns.
(c) The only transaction in the Common Stock by Capitol effected during
the last 60 days was the purchase of 781,250 shares, at a price of $1.28 per
share, on July 14, 1999. This was a direct purchase of shares from the Issuer.
(d) Not applicable.
(e) Not applicable.
Page 3 of 4
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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.
Dated: August 17, 1999
CAPITOL BROADCASTING COMPANY, INC.
By: /s/ Michael D. Hill
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Michael D. Hill
Vice President and General Counsel
Page 4 of 4
Schedule A
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INFORMATION WITH RESPECT TO EXECUTIVE OFFICERS AND
DIRECTORS OF CAPITOL BROADCASTING COMPANY, INC.
The following table sets forth as to each of the executive officers and
directors of the undersigned: (a) name, (b) residence or business address; (c)
principal occupation and (d) name and address of employer. No executive officer
or director has, during the last five years, been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and, as a result
of such proceeding, was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
EMPLOYER
NAME TITLE OCCUPATION AND ADDRESS
---- ----- ---------- -----------
*James F. Goodmon President/CEO Same CBC, Inc.
2619 Western Blvd.
Raleigh, NC 27606
*John M. Brennan Senior VP/ Same CBC, Inc.
Treasurer/Asst. Secretary 711 Hillsborough St.
Raleigh, NC 27603
*Thomas G. Allen Senior VP/ Same CBC, Inc.
Broadcasting 2619 Western Blvd.
Raleigh, NC 27606
*W. Ben Waters VP/Administration Same CBC, Inc.
711 Hillsborough St.
Raleigh, NC 27603
*George W. Habel VP/Radio Network/Sports Same CBC, Inc.
711 Hillsborough St.
Raleigh, NC 27603
*Michael D. Hill Vice President/ Same 2619 Western Blvd.
General Counsel Raleigh, NC 27606
*John L. Greene VP/Special Projects Same CBC, Inc.
2619 Western Blvd.
Raleigh, NC 27606
*Louise S. Stephenson Secretary Same 711 Hillsborough St.
Raleigh, NC 27603
Whit N. Neville, Jr. Assistant Treasurer/ Same 711 Hillsborough St.
Assistant Secretary Raleigh, NC 27603
*Frederick R. Barber Consultant Same 2619 Western Blvd.
Raleigh, NC 27606
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*Director
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End of EDGARPlus filing
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