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Exhibit 10.9

TIME SHARING AGREEMENT

This Agreement is made on July 31, 2002 by and between Riggs Bank N.A.
(Lessor) and Perpetual Corporation/Lazy Lane Farms, Inc. and Allbritton
Communications Company (Lessee).

R E C I T A L S :

WHEREAS, Lessor is the owner of that certain civil aircraft known as one
(1) Gulfstream V model aircraft bearing manufacturers serial number 556 and
the United States Registration Number N556AR (the Aircraft);

WHEREAS, Lessor employs/contracts for the services of a fully qualified
flight crew to operate the Aircraft;

WHEREAS, Lessor and Lessee desire to lease said Aircraft and flight crew
on a time sharing basis as defined in Section 91.501 (c) (1) of the Federal
Aviation Regulations (FAR); and

NOW, THEREFORE, in consideration of the mutual covenants contained herein,
and for other good and valuable consideration, the parties agree as follows:



|1. |  | Lessor agrees to lease the Aircraft to Lessee, on as as needed  as
available basis, pursuant to the provisions of FAR 91.501 (c) (1) and to
provide a fully qualified flight crew for all operations for flights
scheduled from the date hereof until August 1, 2005. Notwithstanding the
foregoing, Lessee shall not be entitled to use the Aircraft more than one
hour for every two hours, on average, that Lessor uses any aircraft owned
by Lessee, under the terms of a separate Time Sharing Agreements. Credit
may be carried forward from previous use of Perpetual Corporation/Lazy
Lane Farms, Inc.s aircraft by Lessor under Time Sharing Agreement
executed January 29, 2001.
|-- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|2. |  | Lessee shall pay Lessor for each flight conducted under this Agreement
all or so much of the actual expenses of each specific flight as
authorized by FAR Part 91.501 (d) as may be requested for payment by
Lessor. These expenses include and are limited to:                                                                                                                                                                                                                                                                                                                                                                                                                               



| | (1) |  | Fuel, oil, lubricants, and other additives;                                                                                  
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------
|
| | (2) |  | Travel expenses of the crew, including food, lodging and ground
transportation;                                              
|
| | (3) |  | Hangar and tie down costs away from, the Aircrafts base of
operation;                                                       
|
| | (4) |  | Insurance obtained for the specific flight;                                                                                  
|
| | (5) |  | Landing fees, airport taxes and similar assessments including,
but not limited to, IRC Section 4261 and related excise taxes;
|
| | (6) |  | Customs, foreign permit, and similar fees directly related to
the flight;                                                    





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| | (7)  |  | In-flight food and beverages;                                                                   
| | ---- |  | ------------------------------------------------------------------------------------------------
|
| | (8)  |  | Passenger ground transportation;                                                                
|
| | (9)  |  | Flight planning and weather contract services; and                                              
|
| | (10) |  | An additional charge equal to 100% of the expenses listed in
subparagraph (1) of this paragraph.



|3. |  | Lessor will pay all expenses related to the operation of the Aircraft
when incurred, and will provide an invoice and bill Lessee in accordance
with paragraph 2 above on the last day of the month in which any flight
for the account of Lessee occurs. Lessee shall pay Lessor for said
expenses within thirty days of receipt of the invoice and bill therefor.                                                                                                                                                                                                                                                                              
|-- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|4. |  | Lessee will provide Lessor with requests for flight time and proposed
flight schedules as far in advance of any given flight as possible, and in
any case, at least 3 hours in advance of Lessees planned departure.
Requests for flight time shall be in a form, whether written or oral,
mutually convenient to, and agreed upon by the parties and unless accepted
by Lessor, shall be deemed rejected. In addition to the proposed
schedules and flight times Lessee shall provide at least the following
information for each proposed flight at some time prior to scheduled
departure as required by the Lessor or Lessors flight crew:



| | (a) |  | proposed departure point;                                                                                                
| | --- |  | -------------------------------------------------------------------------------------------------------------------------
|
| | (b) |  | destination;                                                                                                             
|
| | (c) |  | date and time of flight;                                                                                                 
|
| | (d) |  | the number of anticipated passengers;                                                                                    
|
| | (e) |  | the nature and extent of luggage and/or cargo to be carried;                                                             
|
| | (f) |  | the date and time of return flight, if any; and                                                                          
|
| | (g) |  | any other information concerning the proposed flight that may
be pertinent or required by Lessor or Lessors flight crew.



|5. |  | Lessor shall have final authority over the scheduling of the Aircraft,
provided, however, that Lessor will try to accommodate Lessees needs and
avoid conflicts in scheduling.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|6. |  | Lessor shall be solely responsible for seeking maintenance, preventive
maintenance and required or otherwise necessary inspections on the
Aircraft, and shall take such requirements into account in scheduling the
Aircraft. No period of maintenance, preventative maintenance, or
inspection shall be delayed or postponed for the purpose of scheduling the
Aircraft, unless said maintenance or inspection can be safely conducted at
a later time in compliance with all applicable laws and regulations, and
with the sound discretion of the pilot in command. The pilot in command
shall have final and complete authority to cancel any flight for any
reason or condition which in his judgement would compromise the safety of
the flight.
|  
|7. |  | Lessor shall contract for or employ, pay for and provide to Lessee a
qualified flight crew for each flight undertaken under this Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           





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|8.  |  | In accordance with applicable Federal Aviation Regulations, the qualified
flight crew provided by Lessor will exercise all of its duties and
responsibilities in regard to the safety of each flight conducted
hereunder, Lessee specifically agrees that the flight crew, in its sole
discretion, may terminate any flight, refuse to commence any flight, or
take other action which in the considered judgement of the pilot in
command is necessitated by considerations of safety. No such action of
the pilot in command shall create or support any liability for loss,
injury, damage or delay to Lessee or any other person. The parties
further agree that Lessor shall not be liable for delay or failure to
furnish the Aircraft and crew pursuant to this Agreement when such failure
is caused by government regulation or authority, mechanical difficulty,
war, civil commotion, strikes or labor disputes, weather conditions, acts
of God or other unforeseen circumstances.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|9.  |  | Lessor will make its best efforts to provide such additional insurance
coverage as Lessee shall request or require, provided, however, that the
cost of such additional insurance shall be borne by Lessee as set forth in
paragraph 2(d) hereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   
|10. |  | Lessee warrants that:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         



| | (a) |  | Lessee will solely use the Aircraft for and on account of its
own personal or business use, and will not use the Aircraft for the
purpose of providing transportation of passengers or cargo for
compensation or hire;                                                                                                                                                                                                                                                                    
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | (b) |  | Lessee shall refrain from incurring any mechanics or other
lien in connection with inspection, preventative maintenance,
maintenance or storage of the Aircraft, whether permissible or
impermissible under this Agreement, nor shall there be any attempt by
Lessee to convey, mortgage, assign, lease or any way alienate the
Aircraft or create any kind of lien or security interest involving
the Aircraft or do anything or take any action that might mature into
such a lien; and
|
| | (c) |  | during the term of this Agreement, Lessee will abide by and
conform to all such laws, governmental and airport orders, rules and
regulations, as shall from time to time be in effect relating in any
way to the operation and use of the Aircraft by a timesharing Lessee.                                                                                                                                                                                                               



|11. |  | Neither this Agreement nor any partys interest herein shall be
assignable to any other party whatsoever. This Agreement shall inure to
the benefit of and be binding upon the parties hereto, their heirs,
representatives and successors.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|12. |  | TRUTH IN LEASING STATEMENT UNDER SECTION 91.23 OF THE FARs.                                                                                                                                                                               





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WITHIN THE TWELVE (12) MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT,
EXCEPT TO THE EXTENT THE AIRCRAFT IS LESS THAN TWELVE (12) MONTHS OLD, THE
AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED AND IN ACCORDANCE WITH THE FOLLOWING
PROVISIONS OF FAR:

CHECK ONE:

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|[ ] |  | 91.409 (f) (1): A continuous airworthiness inspection program that is part
of a continuous airworthiness maintenance program currently in use by a
person holding an air carrier operating certificate or an operating
certificate issued under FAR Part 121, 127, or 135 and operating that make
and model aircraft under FAR Part 121 or operating that make and model
under FAR Part 135 and maintaining it under FAR 135.411(a)(2).
|   
|   
|   
|   
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|   
|   
|   
|[ ] |  | 91.409 (f) (2): An approved aircraft inspection program approved under FAR
135.419 and currently in use by a person holding an operating certificate
issued under FAR Part 135.                                                                                                                                                                                                                                                        
|   
|   
|   
|   
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|   
|   
|   
|[ ] |  | 91.409 (f) (3): A current inspection program recommended by the
manufacturer.                                                                                                                                                                                                                                                                                                                                                          
|   
|   
|   
|   
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|   
|   
|   
|[ ] |  | 91.409 (f) (4): Any other inspection program established by the registered
owner or operator of the Aircraft and approved by the Administrator of the
Federal Aviation Administration in accordance with FAR 91.409 (g).                                                                                                                                                                                                               

THE PARTIES HERETO CERTIFY THAT DURING THE TERM OF THIS AGREEMENT AND FOR
OPERATIONS CONDUCTED HEREUNDER, THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED
IN ACCORDANCE WITH THE PROVISIONS OF FAR:

CHECK ONE:

|    |  |              |  |     |  |              |  |     |  |              |  |     |  |             
|--- |  | ------------ |  | --- |  | ------------ |  | --- |  | ------------ |  | --- |  | ------------
|[ ] |  | 91.409(f)(1) |  | [ ] |  | 91.409(f)(2) |  | [ ] |  | 91.409(f)(3) |  | [ ] |  | 91.409(f)(4)

LESSOR SHALL HAVE AND RETAIN OPERATIONAL CONTROL OF THE AIRCRAFT DURING
ALL OPERATIONS CONDUCTED PURSUANT TO THIS LEASE. EACH PARTY HERETO CERTIFIES
THAT IT UNDERSTANDS THE EXTENT OF ITS RESPONSIBILITIES, SET FORTH HEREIN, FOR
COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

AN EXPLANATION OF FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT
FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL AVIATION
ADMINISTRATION FLIGHT STANDARDS DISTRICT OFFICE, GENERAL AVIATION DISTRICT
OFFICE, OR AIR CARRIER DISTRICT OFFICE.





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* * *

THE PARTIES HERETO CERTIFY THAT A TRUE COPY OF THIS AGREEMENT SHALL BE CARRIED
ON THE AIRCRAFT AT ALL TIMES, AND SHALL BE MADE AVAILABLE FOR INSPECTION UPON
REQUEST BY AN APPROPRIATELY CONSTITUTED IDENTIFIED REPRESENTATIVE OF THE
ADMINISTRATOR OF THE FAA.

IN WITNESS WHEREOF, the, parties have executed this Agreement as of the
date and year written below.

|                |  |                      
|--------------- |  | ---------------------
|Lessor:         |  | Lessee:              
|               
|               
|               
|               
|RIGGS BANK N.A. |  | PERPETUAL CORPORATION

|       |  |                              |  |     |  |                      
|------ |  | ---------------------------- |  | --- |  | ---------------------
|By:    |  | /s/ Robert C. Roane          |  | By: |  | /s/ Stephen P. Gibson
|      
|      
|      
|      
|       |  |                              |  |     |  |                      
|      
|      
|      
|      
|       |  | Robert C. Roane              |  |     |  | Stephen P. Gibson    
|      
|      
|      
|      
|Title: |  | Executive Vice President and |  |     |  | Title: Vice President
|      
|      
|      
|      
|       |  | Chief Operating Officer      |  |     |  |                      

| |  |  |  |                      
| |  |  |  | ---------------------
| |  |  |  | LAZY LANE
FARMS, INC.

| |  |        |  |                      
| |  | ------ |  | ---------------------
| |  | By:    |  | /s/ Stephen P. Gibson
|
|
|
|
| |  |        |  |                      
|
|
|
|
| |  |        |  | Stephen P. Gibson    
|
|
|
|
| |  | Title: |  | Vice President       

| |  |                                  
| |  | ---------------------------------
| |  | ALLBRITTON COMMUNICATIONS COMPANY

| |  |        |  |                                      
| |  | ------ |  | -------------------------------------
| |  | By:    |  | /s/ Frederick J. Ryan, Jr.           
|
|
|
|
| |  |        |  |                                      
|
|
|
|
| |  |        |  | Frederick J. Ryan, Jr.               
|
|
|
|
| |  | Title: |  | President and Chief Operating Officer