EXHIBIT 10.10


                                      TERM
                                 PROMISSORY NOTE




$15,000,000.00                                            Minneapolis, Minnesota
Due:  April 30, 2000                                            October 30, 1998



         FOR VALUE RECEIVED, the undersigned, CRN BROADCASTING, LLC (the
"Borrower"), promises to pay to the order of CHILDREN'S BROADCASTING, LLC (the
"Lender"), at its offices in Minneapolis, Minnesota, on or before April 30, 2000
(the "Maturity Date"), the sum of FIFTEEN MILLION and NO/100 DOLLARS
($15,000,000.00) or such lesser sum as may actually be owing under borrowings
made pursuant to that certain Loan Agreement, dated October 30, 1998, by and
between the Borrower and the Lender, as the same may be amended, modified,
restated or supplemented from time to time hereafter (the "Loan Agreement"),
together with interest on the unpaid principal balance from the date hereof
until paid in full at the rate or rates per annum provided for in the Loan
Agreement.

         This Note shall be payable in monthly installments of accrued interest
only payable on the last day of each month, commencing November 30, 1998, and on
the last day of each month thereafter until the Maturity Date, on which date the
entire outstanding principal balance plus accrued interest shall be due and
payable in full.

         This Note is the "Note" issued under the terms and provisions of the
Loan Agreement. The holder hereof is entitled to all the benefits provided for
in the Loan Agreement, or referred to therein, to which Loan Agreement reference
is made for a statement of the terms and conditions under which the indebtedness
evidenced hereby was incurred and is to be repaid. The provisions of the Loan
Agreement are incorporated by reference herein with the same force and effect as
if fully set forth herein.

         All payments on this Note shall be applied first to the payment of fees
and charges payable under the Loan Agreement, next to the payment of accrued
interest and thereafter to the outstanding principal balance. This Note may be
prepaid from time to time in whole or in part without premium or penalty.

         Presentment, demand for payment, notice of dishonor, protest and notice
of protest are hereby waived. The Borrower agrees to pay all costs of collection
including, but not limited to, reasonable attorneys' fees, whether or not suit
is commenced.

<PAGE>

                                      TERM
                                 PROMISSORY NOTE
                                     Page 2


$15,000,000.00                                            Minneapolis, Minnesota
Due:  April 30, 2000                                            October 30, 1998




         This Note shall be governed by and construed in accordance with the
laws of the State of Minnesota. The Borrower consents to the personal
jurisdiction of the federal and state courts located in the State of Minnesota,
waives any argument that such a forum is not convenient, and agrees that any
litigation relating to this Note initiated by it or on its behalf shall be
venued in either the District Court of Hennepin County, Minnesota or the Federal
District Court, District of Minnesota, Fourth Division.

         Any provision of this Note, the Loan Agreement or any other document
relating to the loan evidenced hereby to the contrary notwithstanding (the "Loan
Documents"), Borrower may from time to time offset against any sums due
hereunder an amount equal to the amount of any "Claims" of the Borrower against
the Lender pursuant to Article 8 of that certain Purchase Agreement dated April
17, 1998, as amended through the Second Amendment to Purchase Agreement, by and
between Lender, Lender's wholly-owned subsidiaries and Catholic Radio Network,
LLC.

         Any provision of Loan Documents to the contrary notwithstanding, all
payments and prepayments of principal hereunder shall be paid directly into the
escrow established pursuant to that certain Indemnity Escrow Agreement by and
between CRN Operations, LLC and Lender in substantially the form attached as
Exhibit B to the Closing Agreement between Lender and Borrower dated of even
date herewith, up to the full amount of the sums to be so deposited therein.


                                CRN BROADCASTING, LLC


                              
                                /s/ John T. Lynch
                                ------------------------------------------------
                                By John T. Lynch
                                  Its President and Chief Executive Officer