Exhibit 10.18

HEARST-ARGYLE TELEVISION, INC.    AMENDED AND RESTATED 2007 LONG TERM INCENTIVE COMPENSATION PLAN

WHEREAS, Hearst-Argyle Television, Inc., a Delaware corporation, wishes to attract key employees and Non-Employee
Directors to the Company and its Subsidiaries and induce key employees and Non-Employee Directors to remain with the Company and its Subsidiaries, and encourage them to increase their
efforts to make the Company's business more successful whether directly or through its Subsidiaries (capitalized terms used in these recitals are, as required by the context, defined below); and

WHEREAS,
on May 3, 2007 the stockholders of Hearst-Argyle Television, Inc. therefore adopted the Hearst-Argyle Television, Inc. 2007 Long Term Incentive Compensation
Plan; and

WHEREAS,
Hearst-Argyle Television, Inc. desires to amend and restate the Hearst-Argyle Television, Inc. 2007 Long Term Incentive Compensation Plan as set forth herein and
to adopt such amendment and restatement as the resulting "Amended and Restated 2007 Long Term Incentive Compensation Plan".

1.Plan Name and Purpose; Effective Date.The plan set forth herein shall be known as the "Hearst-Argyle
Television, Inc. Amended and Restated 2007 Long Term Incentive Compensation Plan" (hereinafter referred to as the "Plan"). The purpose of the Plan is to provide equity-based incentives for key
employees and Non-Employee Directors of the Company and its Subsidiaries in the form of Incentive Stock Options, Non-Qualified Options and Shares of Restricted Stock in order
to aid the Company in retaining such key employees and Non-Employee Directors, upon whose efforts the Company's success and future growth depends, and attracting other such employees and
Non-Employee Directors. The Plan shall terminate on, and no Award shall be granted hereunder on or after, the 10-year anniversary of the earlier of the approval of the Plan by
(i) the Board or (ii) the shareholders of the Company; provided, however, that the Board may at any time prior to that date terminate the Plan.

2.Administration.The Plan shall be administered by the Board. Subject to the terms of the Plan, the Board
shall have plenary authority to determine the persons to whom Options are to be granted, the number of Shares to be subject to each such Option, to determine the terms and provisions of any Award
Agreements made pursuant to the Plan, to modify such Award Agreements, and to make all other determinations that may be necessary or advisable for the administration of the Plan. For purposes of
administration, the Board, subject to the terms of the Plan, shall have plenary authority to establish such rules and regulations, make such determinations and interpretations, and take such other
administrative actions as it deems necessary or advisable. All determinations and interpretations made by the Board shall be final, conclusive and binding on all persons, including the Participants
and their legal representatives and beneficiaries.

The
Board, in its discretion, may at any time delegate any or all of its authority, powers and discretion under the Plan to the Compensation Committee of the Board or any
sub-committee thereof, or another committee of its choosing, and the Board in its discretion may retain or revest any or all such authority, powers and discretion in itself at any time. If
the Board so chooses, it may seek the recommendation of the Committee regarding the granting of any Award; however, unless the Board elects otherwise, or as may otherwise be provided under the charter
of a Company Committee, the final determination regarding the amount and terms and conditions of any Award shall rest with the Board. If appointed, at least two members of the Committee shall be
Non-Employee Directors and at least two members shall, at such times as the Company is subject to Section 162(m) of the Code (to the extent relief from the limitation of
Section 162(m) of the Code is sought with respect to Awards), qualify as "outside directors" for purposes of Section 162(m) of the Code. To the extent applicable, no member of the
Committee may act as to matters under the Plan specifically relating to such member. The Board shall designate one of the members of the Committee as its Chairman. The Committee

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shall
hold its meetings at such times and places as it may determine. A majority of its members shall constitute a quorum. All determinations of the Committee shall be made by a majority of its
members. Any decision or determination reduced to writing and signed by all members of the Committee shall be
as effective as if it had been made by a majority vote at a Committee meeting duly called and held. The Committee may appoint a secretary (who need not be a member of the Committee). No member of the
Committee shall be liable for any act or omission with respect to his or her service on the Committee, if he or she acts in good faith and in a manner he or she reasonably believes to be in or not
opposed to the best interests of the Company.

The
Award Agreement shall contain such other terms, provisions and conditions not inconsistent herewith as shall be determined by the Board. In the event that any Award Agreement or
other agreement hereunder provides (without regard to this sentence) for the obligation of the Company or any affiliate thereof to purchase or repurchase Shares from a Participant or any other person,
then, notwithstanding the provisions of the Award Agreement or such other agreement, such obligation shall not apply to the extent that the purchase or repurchase would not be permitted under
applicable law. The Participant shall take whatever additional actions and execute whatever additional documents the Board may in its reasonable judgment deem necessary or advisable in order to carry
out or effect the obligations or restrictions imposed on the Participant pursuant to the express provisions of the Plan and the Award Agreement.

With
respect to persons subject to Section 16 of the Exchange Act, transactions under the Plan are intended to comply with all applicable conditions of
Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or action by the Board fails to so comply, it shall be deemed null and void, to the
extent permitted by law.

Without
limiting the generality of the Board's discretion hereunder, the Board may (subject to such considerations as may arise under Section 16 of the Exchange Act, or under
other corporate, securities or tax laws) apply the following performance-based criteria applicable to Awards otherwise permitted to be granted hereunder to take into account the provisions of
Section 162(m) of the Code: (i) a percentage, or based upon the extent of achievement of specified levels, of (x) the Company's consolidated pre-tax or
after-tax earnings or earnings before interest, taxes, depreciation and amortization, (y) the pre-tax or after tax earnings, or the earnings before interest, taxes,
depreciation and amortization, of any particular Subsidiary, division or other business unit of the Company or a Subsidiary (z) changes (or the absence of changes) in the per share or aggregate
market price of the Common Stock, or (ii) the extent of achievement of specified levels of revenues, earnings, costs, broadcast cash flow, operating cash flow, return on assets, return on
equity, return on capital or return on investment with regard to the Company or a Subsidiary, particular subsidiaries, divisions or other business units of the Company or a Subsidiary or particular
employees or groups of employees. Performance goals may be absolute amounts or percentages of amounts or may be relative to the performance of other companies or of indexes.

3.Shares Available Under the Plan.Subject to the paragraphs below, and subject to adjustments as provided in
Section 11, the total number of Shares subject to Options granted under the Plan, and Shares of Restricted Stock in the aggregate, may not exceed 2,400,000; provided, however, that the total
number of Shares of Restricted Stock granted under the Plan may not exceed 500,000. Shares distributed under the Plan may be treasury shares or authorized but unissued Shares or previously issued
shares under the Plan. Any Shares that have been granted as Restricted Stock or that have been reserved for distribution in payment for Options but are later forfeited or for any other reason are not
payable under the Plan may again be made the subject of Awards under the Plan.

Subject
to adjustments pursuant to Section 11: (i) the maximum number of shares of stock with respect to which any Options may be granted in any one year to any Participant
shall not exceed

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500,000,
and (ii) the maximum number of Shares of Restricted Stock that may be granted in any one year to any Participant shall not exceed 165,000.

Without
limiting the generality of the foregoing provisions of this Section 3 or the generality of the provisions of any Section of the Plan, the Board may, at any time or from
time to time, and on such terms and conditions (that are consistent with and not in contravention of the other provisions of the Plan) as the Board may, in its sole discretion, determine, enter into
agreements (or take other actions with respect to Awards) for new or revised Awards containing terms more (or less) favorable than the outstanding Awards.

4.Eligibility.Awards under the Plan may be granted to key employees and Non-Employee Directors of
the Company or any Subsidiary. In selecting persons to be granted Options, the Board may take into consideration any factors it may deem relevant, including its estimate of the person's present and
potential contributions to the success of the Company and its Subsidiaries.

5.Terms and Conditions of Options.The Board shall, in its discretion, prescribe the terms and conditions of
the Options to be granted hereunder, which terms and conditions need not be the same in each case, subject to the following:



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6.Provisions Applicable to Incentive Stock Options.The Board may, in its discretion, grant Options under the
Plan to eligible employees which constitute Incentive Stock Options; provided, however, that the following provisions shall be applicable to such Incentive Stock Options:



7.Provisions Applicable to Restricted Stock.Subject to the other terms of the Plan, the Board may, in its
discretion, as reflected by the terms of the applicable Award Agreement: (i) authorize the granting of Restricted Stock to key employees and Non-Employee Directors of the Company
and its Subsidiaries; (ii) provide a specified purchase price for the Restricted Stock (whether or not the
payment of a purchase price is required by any state law applicable to the Company); (iii) determine the restrictions, including any forfeiture provisions, applicable to Restricted Stock; and
(iv) determine or impose other conditions to the grant of Restricted Stock under the Plan as it may deem appropriate, subject to the following:



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8.Tax Withholding.The Company shall be entitled to withhold, or cause to be withheld, from any payments or
deemed payments any amount of tax withholding determined by the Board to be required or appropriate. Without limiting the generality of the foregoing, the Board may, in its discretion, require a
Participant to pay to the Company at such time as the Board determines the amount that the Board deems necessary to satisfy the Company's or Subsidiary's obligation to withhold federal, state or local
income or other taxes incurred by reason of (i) the exercise of any Option, (ii) the lapsing of any restrictions applicable to any Restricted Stock, or (iii) any other applicable
income-recognition event (for example, an election under Section 83(b) of the Code).



9.Regulations and Approvals.The obligation of the Company to sell or deliver Shares with respect to an Award
granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by
governmental agencies as may be deemed necessary or appropriate by the Board.



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10.Interpretation and Amendments; Other Rules.The Board may make such rules and regulations and establish such
procedures for the administration of the Plan as it deems appropriate. Without limiting the generality of the foregoing, the Board may (i) determine the extent, if any, to which Options, or
Shares (whether or not Shares of Restricted Stock), shall be forfeited (whether or not such forfeiture is expressly contemplated hereunder); (ii) interpret the Plan and the Award Agreements
hereunder, with such interpretations to be conclusive and binding on all persons and otherwise accorded the maximum deference permitted by law; and (iii) take any other actions and make any
other determinations or decisions that it deems necessary or appropriate in connection with the Plan or the administration or interpretation thereof. In the event of any dispute or disagreement as to
the interpretation of the Plan or of any rule, regulation or procedure, or as to any question, right or obligation arising from or related to the Plan, the decision of the Board shall be final and
binding upon all persons. Unless otherwise expressly provided hereunder, the Board, with respect to any grant, may exercise its discretion hereunder at the time of the Award or thereafter.
Notwithstanding any other provision of the Plan or any Award Agreement to the contrary, the Board may amend or terminate the Plan and any Award as it shall deem advisable, except that no amendment may
adversely affect a Participant with respect to an Award previously granted unless such amendments are required in order to comply with applicable laws; provided, however, that the Plan may not be
amended without shareholder approval in any case in which amendment in the absence of shareholder approval would cause the Plan to fail to comply with any applicable legal requirement or applicable
exchange or similar rule.

11.Changes In Capital Structure.Notwithstanding any other provision of the Plan to the contrary, if
(i) the Company or its Subsidiaries shall at any time be involved in a merger, consolidation, dissolution, liquidation, reorganization, exchange of shares, sale of all or substantially all of
the assets or stock of the Company or its Subsidiaries or a transaction similar thereto, (ii) any stock dividend, stock split, reverse stock split, stock combination, reclassification,
recapitalization or other similar change in the capital structure of the Company or its Subsidiaries, or any distribution to holders of Common Stock other than cash dividends, shall occur or
(iii) any other event shall occur which in the judgment of the Board necessitates action by way of adjusting the terms of the outstanding Awards, then:



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Any
Shares or other securities distributed to a Grantee with respect to Restricted Stock or otherwise issued in substitution of Restricted Stock shall be subject to the restrictions and
requirements imposed by Section 7, including depositing the certificates therefor with the Company together with a stock power and bearing a legend as provided in Section 7(a).

If
the Company shall be consolidated or merged with another corporation or other entity, each Grantee who has received Restricted Stock that is then subject to restrictions imposed by
Section 7(c) may be required to deposit with the successor corporation any certificates for the stock or securities or the other property that the Grantee is entitled to receive by reason of
ownership of Restricted Stock in a manner consistent with Section 7(b), and such stock, securities or other property shall become subject to the restrictions and requirements imposed by
Section 7(c), and the certificates therefor or other evidence thereof shall bear a legend similar in form and substance to the legend set forth in Section 7(a).

If
a Change in Control shall occur, then the Board may make such adjustments as it, in its discretion, determines are necessary or appropriate in light of the Change in Control, provided
that the Board determines that such adjustments do not have an adverse economic impact on the Participant as determined at the time of the adjustments.

The
judgment of the Board with respect to any matter referred to in this Section 11 shall be conclusive and binding upon each Participant without the need for any amendment to the
Plan.

12.Definitions.Whenever used herein, the following terms shall have the meanings set forth below:

"Award,"
except where referring to a particular category of grant under the Plan, may include Incentive Stock Options, Non-Qualified Stock Options and Restricted Stock.

"Award
Agreement" means a written agreement in a form approved by the Board as provided in Section 5.

"Board"
means the Board of Directors of the Company or to the extent the Board has appointed a Committee pursuant to Section 2 of the Plan, the term "Board" shall refer to such
Committee with respect to the responsibility thereto.

"Cause"
means, unless otherwise provided in the Participant's Award Agreement, if the Company (or a Subsidiary) terminates the Participant's employment or service because (A) the
Participant is convicted of a crime that is a felony (other than a traffic or moving violation); (B) the Participant has willfully and materially breached, habitually neglected or failed to
perform satisfactorily his or her duties as an employee or Non-Employee Director; or (C) the Participant commits any material act or fraud or dishonesty during the course of the
Participant's employment or service.

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"Change
in Control" shall mean (i) a merger or consolidation in which the Company is a constituent corporation following which securities of the surviving or resulting corporation
possessing less than a majority of the combined voting power of such corporation's outstanding voting securities (computed on either an actual or fully diluted basis) with respect to matters submitted
to a vote of the stockholders generally shall then be owned in the aggregate by persons who prior thereto were stockholders of the Company; (ii) a sale or transfer by the Company or any of its
Subsidiaries of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an entity that is not a Subsidiary of the Company; (iii) any "person" (as such term is
used in Sections 3(a)(9) or 13(d)(3) of the Exchange Act), other than Excluded Persons, is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing
more than 50% of the combined voting power of the Company's then outstanding voting securities with respect to matters submitted to a vote of the stockholders generally; (iv) any "person" other
than Excluded Persons is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing more than 50% of the then outstanding Common Stock; (v) at such time
as any shares of Series B common stock, $0.01 par value, of the Company are no longer outstanding, within any two-year period, a majority of the Board is no longer composed of
persons who were directors at the beginning of such two-year period, unless the continuing directors, together with the new directors who were approved by a majority of the prior
directors, constitute a majority of the Board; (vi) the Company
adopts a plan of dissolution or liquidation or liquidates or dissolves; or (vii) any transaction or series of transactions which produce or has a reasonable likelihood or a purpose of
producing, directly or indirectly, any of the effects described in paragraph (a)(3)(ii) of Rule 13e-3 of the Exchange Act. The term "Excluded Persons" means each of
(i) Hearst Corporation or any other "Permitted Transferee" (as defined in Article Four of the Company's Amended and Restated Certificate of Incorporation), and (ii) a trustee or other
fiduciary holding securities under any employee benefit plan of the Company or any of its Subsidiaries.

"Code"
means the Internal Revenue Code of 1986, as amended.

"Committee"
means the Compensation Committee of the Board or such other Committee (including any subcommittee of the Compensation Committee) appointed by the Board, if any, pursuant to
Section 2; provided, that, to the extent the Board reserves any authority, power or discretion of the Committee to itself, as provided under Section 2, unless the context otherwise
requires, the term "Committee" shall refer to the Board.

"Common
Stock" means the Company's Series A Common Stock, par value $0.01 per share, either currently existing or authorized hereafter.

"Company"
means Hearst-Argyle Television, Inc., a Delaware corporation.

"Disability"
means, unless otherwise provided in the Participant's Award Agreement, the Participant's becoming physically or mentally disabled (as determined in good faith by the Board)
so that the Participant is unable to perform the Participant's duties which the Participant is required to perform for a period of more than 120 consecutive days or more than 180 days in the
aggregate during any calendar year.

"Exchange
Act" means the Securities Exchange Act of 1934, as amended.

"Fair
Market Value" per Share as of a particular date means (i) if Shares are then listed on a national stock exchange or the NASDAQ National Market System ("NASDAQ"), the closing
sales price per Share on the exchange on the Award date, (ii) if Shares are not then listed on a national stock exchange or the NASDAQ but are then traded on an
over-the-counter market, the average of the closing bid and asked prices for the Shares in such over-the-counter market on the Award date, or
(iii) if Shares are not then listed on a national stock exchange, NASDAQ or traded on an over-the-counter market, such value as may be determined by the Board in its
discretion or as may be determined in accordance with such methodologies, procedures or other rules (which may provide,

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without
limitation, that determinations of Fair Market Value shall be made by an independent third party) as may be established by the Board in its discretion; provided that, where the Shares are so
listed or traded, the Board may make discretionary determinations, or implement such methodologies, procedures or other rules, where the Shares have not been traded for 10 trading days.

"Grantee"
means a key employee or Non-Employee Director granted Restricted Stock.

"Incentive
Stock Option" means an Option which is an "incentive stock option" within the meaning of Section 422(b) of the Code.

"Non-Employee
Director" means any director of the Company who is not a full-time employee of the Company or its subsidiaries.

"Non-Qualified
Stock Option" means an Option which is not an Incentive Stock Option.

"Option"
means the right to purchase, at an Option Price and for the term fixed by the Board in accordance with the Plan, and subject to such other limitations and restrictions in the
Plan and the applicable Award Agreement, a number of Shares determined by the Board.

"Optionee"
means a key employee or Non-Employee Director to whom an Option is granted, or the Successors of the Optionee, as the context so requires.

"Option
Price" means the exercise price per Share.

"Participant"
means a Grantee or Optionee.

"Permitted
Transferees" means a member of an Optionee's immediate family, trusts for the benefit of such immediate family members, and partnerships in which the Optionee and/or such
immediate family members are the only partners. Immediate family members shall include an Optionee's spouse, descendants (children, grandchildren and more remote descendants), and shall include
step-children and relationships arising from legal adoption.

"Plan"
means the Company's 2007 Long Term Incentive Compensation Plan, as set forth herein and as the same may from time to time be amended.

"Restricted
Stock" means an award of Shares that are subject to restrictions hereunder.

"Retirement"
means, unless otherwise provided in the Participant's Award Agreement, the Termination of Service (other than for Cause) of a Participant on or after the Participant's
attainment of Retirement Age.

"Retirement
Age" means age 65.

"Securities
Act" means the Securities Act of 1933, as amended.

"Shares"
means shares of Common Stock of the Company.

"Subsidiary"
means any corporation (other than the Company) that is a "subsidiary corporation" with respect to the Company under Section 424(f) of the Code. In the event the
Company is or becomes a subsidiary of another company, the provisions hereof applicable to subsidiaries shall, unless otherwise determined by the Board, also be applicable to any company that is a
"parent corporation" with respect to the Company under Section 424(e) of the Code. In addition, except with respect to Incentive Stock Options, "subsidiary" shall also include a direct or
indirect subsidiary of a direct or indirect parent of the Company.

"Successor
of the Optionee" means the legal representative of the estate of a deceased Optionee or the person or persons who shall acquire the right to exercise an Option by bequest or
inheritance or by reason of the death of the Optionee.

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"Termination
of Service" means a Participant's termination of employment or other service, as applicable, with the Company and its Subsidiaries. Cessation of service as an officer,
employee or director shall not be treated as a Termination of Service if the Participant continues without interruption to serve thereafter in another one (or more) of such other capacities for the
Company or any of its Subsidiaries or affiliates.

13.Miscellaneous.



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As
of March 27, 2008

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