**Exhibit 10.18**

**STOLZ EMPLOYMENTAGREEMENT**

**HEARST-ARGYLETELEVISION, INC.300 West 57**th StreetNew York, New York 10019

**As of January 1, 2007**

Mr. Philip M. Stolz[ADDRESS ON FILE]

Dear Phil:

This letter constitutes all of the terms of theEmployment Agreement between you and Hearst-Argyle Television, Inc. (“Hearst-Argyle”).It is subject to the approval of the Board of Directors of Hearst-Argyle. Theterms are as follows:
| 1. | ** ** | **Legal Name of Employee:**      |   | Philip M. Stolz       |
|----|------------|----------------------------------|--------|-----------------------|
| 2. | ** ** | **Mailing Address of Employee:** |   | [ADDRESS ON FILE]     |
| 3. | ** ** | **Title of Position; Duties:**   |   | Senior Vice President |

 

You agree to carryout the duties assigned to you by the senior executives of Hearst-Argyle. Hearst-Argylehas the right to assign you to other duties consistent with those of otherexecutives of your level.

4.     **Length of Employment.**   The term of this Agreement willstart on January 1, 2007 and continue through December 31, 2008 (the “Term”).

5.     **Salary.**   You will receive a base salary for allservices to Hearst-Argyle as follows:

a)     $540,000per year from January 1, 2007 through December 31, 2007; and

b)     $555,000per year from January 1, 2008 through December 31, 2008.

The salary will be paid according to Hearst-Argyle’spayroll practices, but not less frequently than twice a month. You acknowledgethat you are not entitled to overtime pay.

In addition it is understood that you are eligible toreceive a bonus up to a maximum of 75% of your base salary. The criteria forthe bonus will be set by the Compensation Committee of the Board of Directorsof Hearst-Argyle, at its sole discretion.

The bonus is payable only for as long as you work forHearst-Argyle, and will be payable only at the end of a complete bonus cycleand is not proratable, except in the event of your death, when it will beproratable.

In determining theamount of your bonus, the books and records of Hearst-Argyle are absolute andfinal and not open to dispute by you. Hearst-Argyle will pay any bonus due youby March 31 of the year following the year for which the bonus isapplicable.

6.     **Exclusive Services.**   You agree that you will work onlyfor Hearst-Argyle, and will not render services or give business advice, paidor otherwise, to anyone else, without getting Hearst-Argyle’s written approval.However, you may participate as a member of the board of directors of otherorganizations and in charitable and community organizations, but only if suchactivities do not conflict or interfere with your work for Hearst-Argyle, andif such work is approved in advance by Hearst-Argyle, which approval will notbe unreasonably withheld. You acknowledge that your services will be unique,special and original and will be financially and competitively valuable toHearst-Argyle, and that your violation of this Paragraph will causeHearst-Argyle irreparable harm for which money damages alone would notadequately compensate Hearst-Argyle. Accordingly, you acknowledge that if youviolate this Paragraph, Hearst-Argyle has the right to apply for and obtaininjunctive relief to stop such violation (without the posting of any bond, and 

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you hereby waive anybond-posting requirements in connection with injunctive relief), in addition toany other appropriate rights and remedies it might lawfully have.

7.     **No Conflicts.**   You agree that there is no reason whyyou cannot make this Agreement with Hearst-Argyle, including, but not limitedto, having a contract, written or otherwise, with another employer.

8.     **Termination of Employment.**   Hearst-Argyle has the rightto end this Agreement:

a)               Upon your death; or

b)              For any of thefollowing: (i) indictment for a felony, (ii) failure to carry out, orneglect or misconduct in the performance of, your duties hereunder or a breachof this Agreement; (iii) failure to comply with applicable laws withrespect to the conduct of Hearst-Argyle’s business, (iv) theft, fraud orembezzlement at Hearst-Argyle’s expense, (v) addiction to an illegal drug,(vi) conduct or involvement in a situation that brings, or may bring, youinto public disrespect, tends to offend the community or any group thereof, orembarrasses or reflects unfavorably on Hearst-Argyle’s reputation, or (vii) failureto comply with the reasonable directions of senior management.

9.     **Payment for Plugs.**   You acknowledge that you are familiarwith Sections 317 and 507 of the Communications Act of 1934 and are aware thatit is illegal without full disclosure to promote products or services in whichyou have a financial interest. You agree not to participate in any suchpromotion under any circumstances and understand that to do so is a violationof law as well as a cause for termination. Also, you agree that you will notbecome involved in any financial situation which might compromise or cause aconflict with your obligations under this Paragraph or this Agreement withoutfirst talking with Hearst-Argyle about your intentions and obtainingHearst-Argyle’s written consent.

10.   **Confidentiality.**   You agree that while employed byHearst-Argyle and after this Agreement is terminated or expires, you will notuse or divulge or in any way distribute to any person or entity, including afuture employer, any confidential information of any nature relating toHearst-Argyle’s business. You will surrender to Hearst-Argyle at the end ofyour employment all its property in your possession. If you breach thisParagraph, Hearst-Argyle has the right to apply for and obtain injunctiverelief to stop such a violation, in addition to its other legal remedies, asoutlined in Paragraph 6.

You agree to keepthe terms of this Agreement confidential from everybody except yourprofessional advisors and family.

11.   **Non-Solicitation; Non-Hire.**   You agree that for two (2) yearsafter the expiration or termination of this Agreement, you will not hire,solicit, aid or suggest to any (i) employee of Hearst-Argyle, itssubsidiaries or affiliates, (ii) independent contractor or other serviceprovider or (iii) any customer, agency or advertiser of Hearst-Argyle, itssubsidiaries or affiliates to terminate such relationship or to stop doingbusiness with Hearst-Argyle, its subsidiaries or affiliates.

If you violate thisprovision, Hearst-Argyle will have the same right to injunctive relief asoutlined in Paragraph 6, as well as any other remedies it may have. If anycourt of competent jurisdiction finds any part of this Paragraph unenforceableas to its duration, scope, geographic area or otherwise, it shall be deemedamended so as to permit it to be enforced.

12.   **Officer; Director.**   Upon request, you agree that youwill serve as an officer or director, in addition to your present position, ofHearst-Argyle or any affiliated entity, without additional pay.

13.   **Continuation of Agreement.**   This Agreement and youremployment shall terminate upon the expiration of the Term (unless terminatedearlier pursuant to Paragraph 8 hereof), provided that if Hearst-Argyle givesyou written notice of extension then this Agreement shall continue on amonth-to-month basis until the earlier of (i) the commencement of arenewal or extension agreement between you and Hearst-Argyle, or (ii) terminationof this Agreement by either party on fifteen days written notice to the other.

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14.   **Assignment of Agreement.**   Hearst-Argyle has the rightto transfer this Agreement to a successor, to a purchaser of substantially allof its assets or its business or to any parent, subsidiary, or affiliatedcorporation or entity and you will be obligated to carry out the terms of thisAgreement for that new owner or transferee. You have no right to assign thisAgreement, and any attempt to do so is null and void.

15.   **State Law.**   This Agreement will be interpreted underthe laws of the State of New York, without regard to conflicts or choice of lawrules.

16.   **No Other Agreements.**   This Agreement is the onlyagreement between you and Hearst-Argyle. It supersedes any other agreements,amendments or understandings you and Hearst-Argyle may have had. This Agreementmay be amended only in a written document signed by both parties.

17.   **Approvals.  **In any situation requiring the approval ofHearst-Argyle, such approval must be given by either the President and ChiefExecutive Officer or the Chief Operating Officer of Hearst-Argyle Television, Inc.

18.   **Dispute Resolution****.**   Hearst-Argyleand you expressly understand and agree that any claim which either party mayhave against the other under local, state or federal law including, but notlimited to, matters of discrimination, matters arising out of the terminationor alleged breach of this Agreement or the terms, conditions or termination ofemployment, which cannot first be settled through direct discussions betweenthe parties, will be submitted to mediation and, if mediation is unsuccessful,to final and binding arbitration in accordance with Hearst-Argyle’s DisputeSettlement Procedure (“Procedure”), of which you have received a copy, providedthat, Hearst-Argyle shall also be entitled to bring any action or proceeding toseek equitable remedies for a breach by you of the provisions of Paragraphs 6,10 or 11 hereof. During the pendency of any claim under this Procedure,Hearst-Argyle and you agree to make no statement orally or in writing regardingthe existence of the claim or the facts forming the basis of such claim, or anystatement orally or in writing which could impair or disparage the personal orbusiness reputation of Hearst-Argyle or you. The Procedure is herebyincorporated by reference into this Agreement.

19.   **Correspondence.**   All correspondence between you andHearst-Argyle will be written and sent by certified mail, return receiptrequested, or by personal delivery or courier, to the following addresses:

| If to Hearst-Argyle: |   | Hearst-Argyle Television, Inc.                  |
|----------------------|--------|------------------------------------------------------|
|                 |   | 300 W. 57th Street                              |
|                 |   | New York, New York 10019                             |
|                 |   | Attn:                                                | David J. Barrett |
|                 |   |                                                 | President and CEO |
| with a copy to:      |   | Hearst-Argyle  Television, Inc.                 |
|                 |   | 300 W. 57th Street                              |
|                 |   | New York, New York 10019                             |
|                 |   | Attn:                                                | Jonathan C. Mintzer |
|                 |   | Vice President, General Counsel & Secretary |
| If to Employee:      |   | Philip M. Stolz                                      |
|                 |   | [ADDRESS ON FILE]                                    |

 

Either party maychange its address in writing sent to the above addresses.

20.   **Severability.**   If a court decides that any part of thisAgreement is unenforceable, the rest of the Agreement will survive.

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21.   **Originals of Agreement.**   ThisAgreement may be signed in any number of counterparts, each of which shall beconsidered an original.
|        | HEARST-ARGYLE TELEVISION,  INC. |
|--------|---------------------------------|
|   | By:                             | /s/ DAVID J.  BARRETT |
|   |                            | David J. Barrett |
|   |                            | *President and Chief Executive Officer* |
|   | By:                             | /s/ PHILIP M.  STOLZ |
|   |                            | Philip M. Stolz |

 

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