EX-10.1






EXHIBIT 10.1




PAXSON COMMUNICATIONS CORPORATION




$400,000,000 Floating Rate First Priority Senior Secured Notes due 2012




$405,000,000 Floating Rate Second Priority Senior Secured Notes due 2013




Purchase Agreement




New York, New York




December 19, 2005




Citigroup Global Markets Inc.


UBS Securities LLC


Bear, Stearns & Co. Inc.


CIBC World Markets Corp.


Goldman, Sachs & Co.


As Representatives of the Initial Purchasers


c/o Citigroup Global Markets Inc.


388 Greenwich Street


New York, New York 10013


Ladies and Gentlemen:



Paxson Communications Corporation, a corporation organized under the laws of Delaware (the
“Company”), proposes to issue and sell to the several parties named in Schedule I hereto (the
“Initial Purchasers”), for whom you (the “Representatives”) are acting as representatives,
$400,000,000 principal amount of its Floating Rate First Priority Senior Secured Notes due 2012
(the “First Priority Notes”) and $405,000,000 principal amount of its Floating Rate Second Priority
Senior Secured Notes due 2013 (the “Second Priority Notes” and, together with the First Priority
Notes, the “Notes”). As described in the Offering Memorandum, the Company’s obligations with
respect to the First Priority Notes and with respect to a portion of the Second Priority Notes will
be unconditionally guaranteed (the “Guarantees” and, together with the Notes, the “Securities”) on
a senior secured basis by each of the Company’s direct and indirect domestic subsidiaries set forth
on the signature page hereto (the “Guarantors” and, together with the Company, the “Issuers”). The
First Priority Notes are to be issued under an indenture (the “First Priority Indenture”), to be
dated as of the Closing Date (as defined below), among the Issuers and The Bank of New York, as
trustee (the “First Priority Trustee”). The Second Priority Notes are to be issued under an
indenture (the “Second Priority Indenture” and, together with the First Priority Indenture, the
“Indentures”), to be dated as of the Closing Date, among the Issuers and The Bank of New York, as
trustee (the “Second Priority Trustee” and, together with the First Priority Trustee, the
“Trustees”). The Issuers’ obligations with respect to the First Priority Notes and the related
Guarantees and to the First Priority Trustee will be secured by first priority liens on the
Collateral (as defined in the Offering Memorandum) and the Issuers’ obligations with respect to the
Second Priority Notes and the related Guarantees will be secured by second priority liens on the
Collateral pursuant to a Pledge and Security Agreement (the “Security Agreement” and, together with
each other agreement purporting to create a lien in favor of the Collateral Agent (as defined
below) for the benefit of the holders of the First Priority Notes or the holders of the Second
Priority Notes, the “Security Documents”), to be dated as of the Closing Date, by and among the
Issuers, the Trustees and the Collateral Agent. In connection with the issuance of the Securities,
the Company will also borrow $325,000,000 aggregate principal amount of first priority term loans
(the “First Priority Term Loans”) having terms and conditions substantially identical to the terms
of the First Priority Notes pursuant to a new term loan facility. The Company intends to apply the
net proceeds from the sale of the Securities and the borrowing of the First Priority Term Loans to
the purchase of all of its outstanding senior secured floating rate notes due 2010, 121/4% senior
subordinated discount notes due 2009 and 103/4% senior subordinated notes due 2008 (together, the
“Existing Notes”) pursuant to the offer to purchase the Existing Notes made by the Company (the
“Tender Offer”) under the offer to purchase and consent solicitation statement, dated December 1,
2005 (the “Offer to Purchase”). The issuance and sale of the Securities, the borrowing of the
First Priority Term Loans, the granting of the security interests in favor of the Collateral Agent
under the Security Documents and the consummation of the Tender Offer and the other transactions
contemplated by the Offer to Purchase are sometimes hereinafter collectively referred to as the
“Transactions.” To the extent there are no additional parties listed on Schedule I other than you,
the term Representatives as used herein shall mean you as the Initial Purchasers, and the terms
Representatives and Initial Purchasers shall mean either the singular or plural as the context
requires. The use of the neuter in this Agreement shall include the feminine and masculine
wherever appropriate. Certain terms used herein are defined in Section 17 hereof.



The sale of the Securities to the Initial Purchasers will be made without registration of the
Securities under the Act in reliance upon exemptions from the registration requirements of the Act.



In connection with the sale of the Securities, the Company has prepared a preliminary offering
memorandum, dated December 6, 2005 (the “Initial Preliminary Memorandum”), as supplemented and
superseded by a supplemental preliminary memorandum dated December 19, 2005 (the “Supplemental
Preliminary Memorandum,” and together with the Initial Preliminary Memorandum, the “Preliminary
Memorandum”), and has prepared and delivered to each Initial Purchaser copies of a Pricing
Supplement (the “Pricing Supplement”), dated December 19, 2005 containing pricing information with
respect to the Securities and such other changes from the Supplemental Preliminary Memorandum as
may be mutually agreed among the Company and the Representatives. As used herein, “Offering
Memorandum” shall mean, with respect to any date or time referred to in this Agreement, the
Preliminary Memorandum, as supplemented by the Pricing Supplement. Promptly after the Execution
Time and in any event no later than the second Business Day following the Execution Time, the
Company will prepare and deliver to each Initial Purchaser a Final Offering Memorandum (the “Final
Memorandum”), which will consist of the Supplemental Preliminary Memorandum with such changes
therein as are required to reflect the information contained in the Pricing Supplement, and from
and after the time such Final Memorandum is delivered to each Initial Purchaser, all references
herein to the Offering Memorandum shall be deemed a reference to both the Offering Memorandum and
the Final Memorandum. Each of the Offering Memorandum and the Final Memorandum sets forth certain
information concerning the Issuers and the Securities. Each Issuer hereby confirms that it has
authorized the use of the Offering Memorandum and the Final Memorandum, and any amendment or
supplement thereto, in connection with the offer and sale of the Securities by the Initial
Purchasers.



1. Representations and Warranties. The Issuers, jointly and severally, represent and
warrant to each Initial Purchaser as set forth below in this Section 1:




(a) Neither the Initial Preliminary Memorandum, at the date thereof, nor the
Supplemental Preliminary Memorandum, at the date thereof, contained any untrue statement of
a material fact or omitted to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading. At
the Execution Time and on the Closing Date, the Offering Memorandum did not, and will not
(and any amendment or supplement thereto, at the date thereof and at the Closing Date, will
not), contain any untrue statement of a material fact or omit to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they
were made, not misleading; provided, however, that the Issuers make no
representation or warranty as to the information contained in or omitted from the
Preliminary Memorandum or the Offering Memorandum, or any amendment or supplement thereto,
in reliance upon and in conformity with information furnished in writing to the Company by
or on behalf of the Initial Purchasers through the Representatives specifically for
inclusion therein.




(b) None of the Issuers nor any of their Affiliates nor any person acting on behalf of
any of them has, directly or indirectly, made offers or sales of any security, or solicited
offers to buy any security, under circumstances that would require the registration of the
Securities under the Act.




(c) None of the Issuers nor any of their Affiliates nor any person acting on behalf of
any of them has engaged in any form of general solicitation or general advertising (within
the meaning of Regulation D) in connection with any offer or sale of the Securities in the
United States.




(d) The Securities satisfy the eligibility requirements of Rule 144A(d)(3) under the
Act.




(e) None of the Issuers nor any of their Affiliates nor any person acting on behalf of
any of them has engaged in any directed selling efforts with respect to the Securities, and
each of them has complied with the offering restrictions requirement of Regulation S. Terms
used in this paragraph have the meanings given to them by Regulation S.




(f) The Company has been advised by the NASD’s PORTAL Market that the Securities have
been designated PORTAL-eligible securities in accordance with the rules and regulations of
the NASD.




(g) No Issuer is, and after giving effect to the offering and sale of the Securities
and the application of the proceeds thereof as described in the Offering Memorandum, no
Issuer will be, an “investment company” within the meaning of the Investment Company Act,
without taking account of any exemption arising out of the number of holders of the
Company’s securities.




(h) The Company is subject to and in full compliance with the reporting requirements of
Section 13 or Section 15(d) of the Exchange Act.




(i) No Issuer has paid or agreed to pay to any person any compensation for soliciting
another to purchase any Securities (except as contemplated by this Agreement).




(j) No Issuer has taken, directly or indirectly, any action designed to cause or which
has constituted or which might reasonably be expected to cause or result, under the Exchange
Act or otherwise, in the stabilization or manipulation of the price of any security of the
Company to facilitate the sale or resale of the Securities.




(k) Each of the Issuers has been duly incorporated or organized and is validly existing
as a corporation, limited liability company or limited partnership in good standing under
the laws of the jurisdiction in which it is chartered or organized with full corporate,
limited liability company or partnership power and authority to own or lease, as the case
may be, and to operate its properties and conduct its business as described in the Offering
Memorandum, and is duly qualified to do business as a foreign corporation, limited liability
company or partnership and is in good standing under the laws of each jurisdiction which
requires such qualification, except where the failure to be so qualified would not
reasonably be expected to have a material adverse effect on the condition (financial or
otherwise), prospects, earnings, business or properties of the Company and its subsidiaries,
taken as a whole. Except as set forth on Schedule II hereto, the Company has no
subsidiaries other than the Guarantors.




(l) With respect to those Guarantors which are corporations, all the outstanding shares
of capital stock of each Guarantor have been duly and validly authorized and issued and are
fully paid and nonassessable, and all outstanding shares of capital stock of the Guarantors
are owned by the Company either directly or through other wholly owned Guarantors and on the
Closing Date such ownership is free and clear of any perfected security interest or any
other security interests, claims, liens or encumbrances except for Permitted Liens (as
defined in the Offering Memorandum).




(m) The statements in the Offering Memorandum under the headings “Description of
Material Indebtedness and Preferred Stock,” “Description of the Notes” and “Important
Federal Income Tax Considerations” fairly summarize the matters therein described.




(n) This Agreement has been duly authorized, executed and delivered by each Issuer;
each Indenture has been duly authorized and, assuming due authorization, execution and
delivery thereof by the applicable Trustee, when executed and delivered by each Issuer, will
constitute a legal, valid and binding instrument enforceable against each Issuer in
accordance with its terms (subject, as to the enforcement of remedies, to applicable
bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights
generally from time to time in effect and to general principles of equity); the Securities
have been duly authorized, and, when executed and, in the case of the Notes, authenticated,
in accordance with the provisions of the applicable Indenture and delivered to and paid for
by the Initial Purchasers, will have been duly executed and delivered by the Company and
each Guarantor, as applicable, and will constitute the legal, valid and binding obligations
of the Company and each Guarantor, as applicable, entitled to the benefits of the applicable
Indenture (subject, as to the enforcement of remedies, to applicable bankruptcy, insolvency,
moratorium or other laws affecting creditors’ rights generally from time to time in effect
and to general principles of equity); and each Security Document has been duly authorized
and, when executed and delivered by the applicable Issuers, the Trustees and the Collateral
Agent, will constitute the legal, valid, binding and enforceable agreement of each Issuer
(subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization,
insolvency, moratorium or other laws affecting creditors’ rights generally from time to time
in effect and to general principles of equity). The Security Documents, when executed and
delivered in connection with the sale of the Securities, will create in favor of the
Collateral Agent for the benefit of the First Priority Secured Parties (as defined in the
Security Agreement), valid and enforceable first priority, subject to Permitted Liens,
security interests in the Collateral and valid and enforceable second priority, subject to
Permitted Liens, security interests in the Collateral and, upon the filing of appropriate
Uniform Commercial Code financing statements and the taking of the other actions described
in the Security Documents, the security interests for the benefit of the First Priority
Secured Parties in the rights of the Issuers in such Collateral will be perfected and
superior to and prior to the liens for the benefit of the Second Priority Secured Parties
and of all other third persons other than Permitted Liens and the security interests for the
benefit of the Second Priority Secured Parties in the rights in the Collateral of the
Issuers will be perfected and junior to the liens for the benefit of the First Priority
Secured Parties but superior to and prior to the liens of all other third persons other than
Permitted Liens.




(o) No consent, approval, authorization, filing with or order of any court or
governmental agency or body is required in connection with the execution of this Agreement,
the Indentures or the Security Documents or the consummation of the Transactions, or the
fulfillment of the terms hereof or thereof, except such as may be required under the blue
sky laws of any jurisdiction in connection with the purchase and distribution of the
Securities by the Initial Purchasers in the manner contemplated herein and in the Offering
Memorandum and filings required to be made by the Security Agreement in order to perfect the
liens created by the Security Agreement.




(p) Neither the execution and delivery of the Indentures, this Agreement or any
Security Document, the issue and sale of the Securities, nor the consummation of any of the
Transactions, nor the fulfillment of the terms hereof or thereof will conflict with, or
result in a breach or violation or imposition of any lien, charge or encumbrance (other than
the liens created by the Security Documents) upon any property or assets of the Company or
any of its subsidiaries pursuant to, (i) the charter (including any certificates of
designation), by-laws or other organizational documents of the Company or any of its
subsidiaries; (ii) the terms of any indenture, contract, lease, mortgage, deed of trust,
note agreement, loan agreement or other agreement, obligation, condition, covenant or
instrument to which the Company or any of its subsidiaries is a party or bound or to which
its or their property is subject; or (iii) any statute, law, rule, regulation, judgment,
order or decree applicable to the Company or any of its subsidiaries of any court,
regulatory body, administrative agency, governmental body, arbitrator or other authority
having jurisdiction over the Company or any of its subsidiaries or any of its or their
properties.




(q) The consolidated historical financial statements and schedules of the Company and
its consolidated subsidiaries included in the Offering Memorandum present fairly in all
material respects the financial condition, results of operations and cash flows of the
Company as of the dates and for the periods indicated, comply as to form with the applicable
accounting requirements of the Act and have been prepared in conformity with generally
accepted accounting principles applied on a consistent basis throughout the periods involved
(except as otherwise noted therein); the selected financial data set forth under the
captions “Summary Consolidated Financial and Other Data” and “Selected Consolidated
Financial and Other Data” in the Offering Memorandum fairly present, on the basis stated in
the Offering Memorandum, the information included therein.




(r) Except as set forth in the Offering Memorandum, no action, suit or proceeding by or
before any court or governmental agency, authority or body or any arbitrator involving the
Company or any of its subsidiaries or its or their property is pending or, to the knowledge
of the Issuers, threatened that (i) could reasonably be expected to have a material adverse
effect on the performance of this Agreement, the Indentures or the Security Documents, or
the consummation of the Transactions; or (ii) could reasonably be expected to have a
material adverse effect on the condition (financial or otherwise), prospects, earnings,
business or properties of the Company and its subsidiaries, taken as a whole, whether or not
arising from transactions in the ordinary course of business.




(s) Each of the Company and its subsidiaries owns or leases all such properties as are
used in the conduct of its operations as presently conducted, except where the failure to
own or lease such properties would not reasonably be expected to have a material adverse
effect on the condition (financial or otherwise), prospects, earnings, business or
properties of the Company and its subsidiaries, taken as a whole.




(t) Neither the Company nor any subsidiary is in violation or default of (i) any
provision of its charter (including any certificates of designation), by-laws or other
organizational documents; (ii) the terms of any indenture, contract, lease, mortgage, deed
of trust, note agreement, loan agreement or other agreement, obligation, condition, covenant
or instrument to which it is a party or bound or to which its property is subject; or (iii)
any statute, law, rule, regulation, judgment, order or decree applicable to the Company or
any of its subsidiaries of any court, regulatory body, administrative agency, governmental
body, arbitrator or other authority having jurisdiction over the Company or such subsidiary
or any of its properties, as applicable, except in the case of each of clauses (ii) and
(iii) for such violations or defaults which would not reasonably be expected to have a
material adverse effect on the condition (financial or otherwise), prospects, earnings,
business or properties of the Company and its subsidiaries, taken as a whole, except as set
forth in or contemplated in the Offering Memorandum.




(u) Ernst & Young LLP, who has certified certain financial statements of the Company
and its consolidated subsidiaries and delivered its reports with respect to the audited
consolidated financial statements included in the Offering Memorandum, and Rachlin Cohen &
Holtz LLP are, in the case of Rachlin, Cohen & Holtz LLP, and were prior to May 25, 2005, in
the case of Ernst & Young LLP, independent certified public accountants with respect to the
Company within the meaning of the Act and the applicable published rules and regulations
thereunder.




(v) There are no stamp or other issuance or transfer taxes or duties or other similar
fees or charges required to be paid in connection with the execution and delivery of this
Agreement or the issuance or sale by the Issuers of the Securities.




(w) The Issuers have filed all foreign, federal, state and local tax returns that are
required to be filed or have requested extensions thereof, except in any case in which the
failure so to file would not have a material adverse effect on the condition (financial or
otherwise), prospects, earnings, business or properties of the Company and its subsidiaries,
taken as a whole, whether or not arising from transactions in the ordinary course of
business, except as set forth in or contemplated in the Offering Memorandum and have paid
all taxes required to be paid by them and any other assessment, fine or penalty levied
against any of them, to the extent that any of the foregoing are due and payable, except for
any such assessment, fine or penalty that is currently being contested in good faith or as
would not have a material adverse effect on the condition (financial or otherwise),
prospects, earnings, business or properties of the Company and its subsidiaries, taken as a
whole, whether or not arising from transactions in the ordinary course of business, except
as set forth in or contemplated in the Offering Memorandum.




(x) No labor problem or dispute with the employees of the Company or any of its
subsidiaries exists or is threatened or imminent, and no Issuer is aware of any existing or
imminent labor disturbance by the employees of any of its or its subsidiaries’ principal
suppliers, contractors or customers, that could have a material adverse effect on the
condition (financial or otherwise), prospects, earnings, business or properties of the
Company and its subsidiaries, taken as a whole, whether or not arising from transactions in
the ordinary course of business, except as set forth in or contemplated in the Offering
Memorandum.




(y) The Company and each of its subsidiaries are insured by insurers of recognized
financial responsibility against such losses and risks and in such amounts as are prudent
and customary in the businesses in which they are engaged; all policies of insurance and
fidelity or surety bonds insuring the Company or any of its subsidiaries or their respective
businesses, assets, employees, officers and directors are in full force and effect; the
Company and its subsidiaries are in compliance with the terms of such policies and
instruments in all material respects; and there are no claims by the Company or any of its
subsidiaries under any such policy or instrument as to which any insurance company is
denying liability or defending under a reservation of rights clause, where the failure of
the Company or such subsidiary to prevail on such claim would reasonably be expected to have
a material adverse effect on the condition (financial or otherwise), prospects, earnings,
business or properties of the Company and its subsidiaries, taken as a whole; and neither
the Company nor any such subsidiary has any reason to believe that it will not be able to
renew its existing insurance coverage as and when such coverage expires or to obtain similar
coverage from similar insurers as may be necessary to continue its business at a cost that
would not have a material adverse effect on the condition (financial or otherwise),
prospects, earnings, business or properties of the Company and its subsidiaries, taken as a
whole, whether or not arising from transactions in the ordinary course of business, as to
each of the foregoing clauses of this sentence except as set forth in or contemplated in the
Offering Memorandum.




(z) No subsidiary of the Company is currently prohibited, directly or indirectly, from
paying any dividends to the Company, from making any other distribution on such subsidiary’s
capital stock, from repaying to the Company any loans or advances to such subsidiary from
the Company or from transferring any of such subsidiary’s property or assets to the Company
or any other subsidiary of the Company, except as described in or contemplated by the
Offering Memorandum.




(aa) The Company and its subsidiaries possess all licenses, certificates, franchises,
permits and other authorizations (“Licenses”) issued by the appropriate federal, state,
local or foreign regulatory authorities, including, without limitation, Licenses from the
United States Federal Communications Commission (the “FCC”), necessary to own their
respective properties and to conduct their respective businesses in all material respects,
and neither the Company nor any such subsidiary has received any notice of proceedings
relating to the revocation or modification of any such License which, singly or in the
aggregate, if the subject of an unfavorable decision, ruling or finding, would have a
material adverse effect on the condition (financial or otherwise), prospects, earnings,
business or properties of the Company and its subsidiaries, taken as a whole, whether or not
arising from transactions in the ordinary course of business, except as set forth in or
contemplated in the Offering Memorandum; the Company and each of its subsidiaries have
fulfilled and performed in all material respects all of their respective obligations with
respect to such Licenses and no event has occurred that allows, or after notice or lapse of
time would allow, revocation or termination thereof or results in any other material
impairment of the rights of the holders of any such License, except as individually or in
the aggregate could not reasonably be expected to have a material adverse effect on the
condition (financial or otherwise), prospects, earnings, business or properties of the
Company and its subsidiaries, taken as a whole, whether or not arising from transactions in
the ordinary course of business; and except as described in the Offering Memorandum, none of
such Licenses contains any restriction that is materially burdensome to the Company or any
of its subsidiaries, taken as a whole. There are no license renewal or rate or tariff
proceedings existing, pending or, to the best knowledge of the Company, threatened that
could reasonably be expected to have a material adverse effect on the condition (financial
or otherwise), prospects, earnings, business or properties of the Company and its
subsidiaries, taken as a whole.




(bb) The Company and each of its subsidiaries maintain a system of internal accounting
controls sufficient to provide reasonable assurance that (i) transactions are executed in
accordance with management’s general or specific authorizations; (ii) transactions are
recorded as necessary to permit preparation of financial statements in conformity with
generally accepted accounting principles and to maintain asset accountability; (iii) access
to assets is permitted only in accordance with management’s general or specific
authorization; and (iv) the recorded accountability for assets is compared with the existing
assets at reasonable intervals and appropriate action is taken with respect to any
differences.




(cc) The Company and its subsidiaries are (i) in compliance with any and all applicable
federal, state, local and foreign laws and regulations relating to the protection of human
health and safety, the environment or hazardous or toxic substances or wastes, pollutants or
contaminants (“Environmental Laws”); (ii) have received and are in compliance with all
permits, licenses or other approvals required of them under applicable Environmental Laws to
conduct their respective businesses; and (iii) have not received notice of any actual or
potential liability for the investigation or remediation of any disposal or release of
hazardous or toxic substances or wastes, pollutants or contaminants, except where such
non-compliance with Environmental Laws, failure to receive required permits, licenses or
other approvals, or liability would not, individually or in the aggregate, have a material
adverse effect on the condition (financial or otherwise), prospects, earnings, business or
properties of the Company and its subsidiaries, taken as a whole, whether or not arising
from transactions in the ordinary course of business, except as set forth in or contemplated
in the Offering Memorandum; except as set forth in the Offering Memorandum, neither the
Company nor any of its subsidiaries has been named as a “potentially responsible party”
under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as
amended.




(dd) The Company has reasonably concluded that the costs and liabilities associated
with the effect of Environmental Laws on the business, operations and properties of the
Company and its subsidiaries (including, without limitation, any capital or operating
expenditures required for clean-up, closure of properties or compliance with Environmental
Laws, or any permit, license or approval under Environmental Laws, any related constraints
on operating activities imposed by Environmental Laws and any potential liabilities to third
parties under Environmental Laws) would not, singly or in the aggregate, have a material
adverse effect on the condition (financial or otherwise), prospects, earnings, business or
properties of the Company and its subsidiaries, taken as a whole, whether or not arising
from transactions in the ordinary course of business, except as set forth in or contemplated
in the Offering Memorandum.




(ee) Each of the Company and its subsidiaries has fulfilled its obligations, if any,
under the minimum funding standards of Section 302 of the United States Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), and the regulations and published
interpretations thereunder with respect to each “plan” (as defined in Section 3(3) of ERISA
and such regulations and published interpretations) in which employees of the Company and
its subsidiaries are eligible to participate and each such plan is in compliance in all
material respects with the presently applicable provisions of ERISA and such regulations and
published interpretations; the Company and its subsidiaries have not incurred any unpaid
liability to the Pension Benefit Guaranty Corporation (other than for the payment of
premiums in the ordinary course) or to any such plan under Title IV of ERISA.




(ff) Each of the relationships and transactions specified in Item 404 of Regulation S-K
that would have been required to be described in a prospectus if this offering had been
registered under the Act has been so described in the Offering Memorandum.




(gg) The Company and its subsidiaries own, possess, license or have other rights to
use, on reasonable terms, all patents, patent applications, trade and service marks, trade
and service mark registrations, trade names, copyrights, licenses, inventions, trade
secrets, technology, know-how and other intellectual property necessary for and material to
the conduct of the Company’s business as described in the Offering Memorandum (collectively,
the “Intellectual Property”). Except as set forth in the Offering Memorandum, (a) there are
no conflicting rights of third parties with respect to any such Intellectual Property; (b)
there is no material infringement by third parties of any such Intellectual Property; (c)
there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or
claim by others challenging the Company’s rights in or to any such Intellectual Property,
and the Company is unaware of any facts which would form a reasonable basis for any such
claim; (d) there is no pending or, to the Company’s knowledge, threatened action, suit,
proceeding or claim by others challenging the validity or scope of any such Intellectual
Property, and the Company is unaware of any facts which would form a reasonable basis for
any such claim; (e) there is no pending or, to the Company’s knowledge, threatened action,
suit, proceeding or claim by others that the Company infringes or otherwise violates any
patent, trademark, copyright, trade secret or other proprietary rights of others, which if
determined adversely to the Company, individually or in the aggregate, would have a material
adverse effect on the condition (financial or otherwise), prospects, earnings, business or
properties of the Company and its subsidiaries, taken as a whole, and the Company is unaware
of any other fact which would form a reasonable basis for any such claim; (f) there is no
U.S. patent or published U.S. patent application which contains claims that dominate or may
dominate any Intellectual Property described in the Offering Memorandum as being owned by or
licensed to the Company or that interferes with the issued or pending claims of any such
Intellectual Property; and (g) there is no prior art of which the Company is aware that may
render any U.S. patent held by the Company invalid or any U.S. patent application held by
the Company unpatentable which has not been disclosed to the U.S. Patent and Trademark
Office.




(hh) Based upon a review of the FCC files, (a) the Company and its subsidiaries hold
the broadcast licenses issued by the FCC with respect to each of the stations set forth in
the table under “Business—Distribution” in the Offering Memorandum (except for stations
which the Offering Memorandum discloses are operated by the Company or its subsidiaries
under time brokerage agreements with the station owners and except as otherwise disclosed
therein) without which the station would not be permitted to broadcast its signal (the “FCC
Licenses”) and (b) each of the FCC Licenses authorizes television broadcast operations by
the holder thereof using the broadcast channel assignment and serving the community of
license that is identified in such table.




(ii) To each Issuer’s knowledge, there is no order, judgment, decree, notice of
apparent liability, or order of forfeiture outstanding, and no petition, objection, notice
of apparent liability, order of forfeiture, investigation, complaint, or other proceeding
pending before the FCC against the stations authorized by the FCC Licenses set forth in the
table referred to in clause (hh) above (the “Stations”) or the FCC Licenses that reasonably
could be expected to result in the termination, revocation, suspension, or denial of renewal
of any of the FCC Licenses, except for rule making and other similar proceedings generally
applicable to the television broadcasting industry or substantial segments thereof.




(jj) To each Issuer’s knowledge, except as set forth in the Offering Memorandum, (a)
there are no license renewal proceedings (other than applications for renewal filed in the
ordinary course) pending for any of the FCC Licenses; and (b) none of the FCC Licenses is
subject to any condition imposed by the FCC that reasonably could be expected to have a
material adverse effect on the Company’s ability to conduct its broadcast operations as
described in the Offering Memorandum, taken as a whole.




(kk) The execution, delivery and performance of this Agreement, the Security Agreement
and the Indentures and the issuance, sale and delivery of the Securities pursuant to this
Agreement and the consummation of the other Transactions (A) do not require any consent or
authorization from the FCC, and (B) do not constitute a violation of the Communications Act
or the published rules and regulations of the FCC promulgated thereunder.




(ll) The statements in the Offering Memorandum under the captions “Risk Factors—Risks
Relating to Our Business — We are required by the FCC to abandon the analog broadcast
service of 22 of our full power stations occupying the 700 MHz spectrum, and the digital
broadcast service of two stations occupying the 700 MHz spectrum, and may suffer adverse
consequences if we are unable to secure alternative distribution on reasonable terms,” “Risk
Factors—Risks Relating to Our Business—We could be adversely affected by actions of the FCC,
the U.S. Congress and the courts that could alter broadcast television ownership rules in a
way that would materially affect our present operations or future business alternatives,”
“Risk Factors—Risks Relating to Our Industry — Our business is subject to extensive and
changing regulation that could increase our costs, expose us to greater competition, or
otherwise adversely affect the ownership and operation of our stations or our business
strategies,” “Risks Factors — Risks Relating to Our Industry — We believe that the success
of our television operations depends to a significant extent upon access to households
served by cable television systems. If the law requiring cable system operators to carry
our signal were to change, we might lose access to cable television households, which could
adversely affect our operations” and “Business — Federal Regulation of Broadcasting,”
insofar as they constitute summaries of laws and the published rules and regulations
promulgated thereunder, fairly summarize the matters therein described and are accurate in
all material respects.




(mm) There are no restrictions or limitations imposed by the FCC on the ability of the
Company to make cash payments in respect of the Securities in accordance with their terms.




(nn) The Issuers believe that the Issuers and their directors or officers, in their
capacities as such, are in compliance in all material respects with the applicable
provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in
connection therewith (the “Sarbanes-Oxley Act”), including Section 402 related to loans and
Sections 302 and 906 related to certifications.




(oo) The Issuers have taken all actions necessary for the First Priority Notes to be
designated as Designated Senior Debt under each class of the Company’s subordinated debt.



Any certificate signed by any officer of the Company and delivered to the Representatives or
counsel for the Initial Purchasers in connection with the offering of the Securities shall be
deemed a representation and warranty by the Company, as to matters covered thereby, to each Initial
Purchaser. Additionally, the representations and warranties made by the Issuers in the Security
Agreement shall be deemed to have been made to the Initial Purchasers.



2. Purchase and Sale. Subject to the terms and conditions and in reliance upon the
representations and warranties herein set forth, the Company and the Guarantors agree to sell to
each Initial Purchaser, and each Initial Purchaser agrees, severally and not jointly, to purchase
from the Company and the Guarantors, at a purchase price of (A) 97.625% of the principal amount
thereof, plus accrued interest from December 30 to the Closing Date, the principal amount of First
Priority Notes set forth opposite such Initial Purchaser’s name in Schedule I hereto and (B) 97.5%
of the principal amount thereof, plus accrued interest from December 30, 2005 to the Closing Date,
the principal amount of Second Priority Notes set forth opposite such Initial Purchaser’s name in
Schedule I hereto.



3. Delivery and Payment. Delivery of and payment for the Securities shall be made at
9:00 A.M., New York City time, on December 30, 2005, which date and time may be postponed by
agreement between the Representatives and the Company or as provided in Section 9 hereof (such date
and time of delivery and payment for the Securities being herein called the “Closing Date”).
Delivery of the Securities shall be made to the Representatives for the respective accounts of the
several Initial Purchasers against payment by the several Initial Purchasers through the
Representatives of the purchase price thereof to or upon the order of the Company by wire transfer
payable in same-day funds to the account specified by the Company. Delivery of the Securities
shall be made through the facilities of The Depository Trust Company unless the Representatives
shall otherwise instruct.



4. Offering by Initial Purchasers.




(a) Each Initial Purchaser acknowledges that the Securities have not been and will not
be registered under the Act and may not be offered or sold within the United States or to,
or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the Act.



(b) Each Initial Purchaser, severally and not jointly, represents and warrants to and agrees
with the Issuers that:




(i) it has not offered or sold, and will not offer or sell, any Securities within the
United States or to, or for the account or benefit of, U.S. persons (x) as part of its
distribution at any time or (y) otherwise until 40 days after the later of the commencement
of the offering and the date of closing of the offering except:




(A) to those it reasonably believes to be “qualified institutional buyers” (as
defined in Rule 144A under the Act) or




(B) in accordance with Rule 903 of Regulation S;




(ii) neither it nor any person acting on its behalf has made or will make offers or
sales of the Securities in the United States by means of any form of general solicitation or
general advertising (within the meaning of Regulation D) in the United States;




(iii) in connection with each sale pursuant to Section 4(b)(i)(A), it has taken or will
take reasonable steps to ensure that the purchaser of such Securities is aware that such
sale is being made in reliance on Rule 144A;




(iv) neither it nor any of its Affiliates nor any person acting on its or their behalf
has engaged or will engage in any directed selling efforts (within the meaning of Regulation
S) with respect to the Securities;




(v) it has not entered and will not enter into any contractual arrangement with any
distributor (within the meaning of Regulation S) with respect to the distribution of the
Securities, except with its affiliates or with the prior written consent of the Company;




(vi) it and its Affiliates have complied and will comply with the offering restrictions
requirement of Regulation S;




(vii) at or prior to the confirmation of a sale of the Securities (other than a sale of
Securities pursuant to Section 4(b)(i)(A) of this Agreement), it shall have sent to each
distributor, dealer or person receiving a selling concession, fee or other remuneration that
purchases Securities from it during the distribution compliance period (within the meaning
of Regulation S) a confirmation or notice to substantially the following effect:



The Securities covered hereby have not been registered under the U.S.
Securities Act of 1933 (the “Act”) and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons (i) as
part of their distribution at any time or (ii) otherwise until 40 days after
the later of the commencement of the offering and the date of closing of the
offering, except in either case in accordance with Regulation S or Rule 144A
under the Act. Terms used in this paragraph have the meanings given to them
by Regulation S.




(viii) it has not offered or sold and, prior to the date six months after the date of
issuance of the Securities, will not offer or sell any Securities to persons in the United
Kingdom except to persons whose ordinary activities involve them in acquiring, holding,
managing or disposing of investments (as principal or as agent) for the purposes of their
businesses or otherwise in circumstances which have not resulted and will not result in an
offer to the public in the United Kingdom within the meaning of the Public Offers of
Securities Regulations 1995;




(ix) it has complied and will comply with all applicable provisions of the FSMA with
respect to anything done by it in relation to the Securities in, from or otherwise involving
the United Kingdom;




(x) it has only communicated or caused to be communicated and will only communicate or
cause to be communicated any invitation or inducement to engage in investment activity
(within the meaning of section 21 of the FSMA) received by it in connection with the issue
or sale of any Securities, in circumstances in which section 21(1) of the FSMA does not
apply to the Company;




(xi) it is a person whose ordinary activities involve it in acquiring, holding,
managing or disposing of investments (as principal or agent) for the purposes of its
business and it has not offered or sold and will not offer or sell any Securities other than
to persons whose ordinary activities involve them in acquiring, holding, managing or
disposing of investments (as principal or agent) for the purposes of their businesses or who
it is reasonable to expect will acquire, hold, manage or dispose of investments (as
principal or agent) for the purposes of their businesses where the issue of the Securities
would otherwise constitute a contravention of section 19 of the FSMA by the Company; and




(xii) it is an “accredited investor” (as defined in Rule 501(a) of Regulation D).



5. Agreements. Each Issuer agrees with each Initial Purchaser that:




(a) The Company will furnish to each Initial Purchaser and to counsel for the Initial
Purchasers, without charge, during the period referred to in paragraph (c) below, as many
copies of the Final Memorandum and any amendments and supplements thereto as they may
reasonably request.




(b) The Company will not amend or supplement the Offering Memorandum without the prior
written consent of the Representatives.




(c) If at any time prior to the completion of the sale of the Securities by the Initial
Purchasers (as determined by the Representatives), any event occurs as a result of which the
Offering Memorandum, as then amended or supplemented, would include any untrue statement of
a material fact or omit to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading, or if it
should be necessary to amend or supplement the Offering Memorandum to comply with applicable
law, the Company promptly (i) will notify the Representatives of any such event; (ii)
subject to the requirements of paragraph (b) of this Section 5, will prepare an amendment or
supplement that will correct such statement or omission or effect such compliance; and (iii)
will supply any supplemented or amended Offering Memorandum to the several Initial
Purchasers and counsel for the Initial Purchasers without charge in such quantities as they
may reasonably request.




(d) The Company will arrange, if necessary, for the qualification of the Securities for
sale by the Initial Purchasers under the laws of such jurisdictions as the Representatives
may designate and will maintain such qualifications in effect so long as required for the
sale of the Securities; provided that in no event shall any Issuer be obligated to
qualify to do business in any jurisdiction where it is not now so qualified or to take any
action that would subject it to service of process in suits, other than those arising out of
the offering or sale of the Securities, in any jurisdiction where it is not now so subject.
The Company will promptly advise the Representatives of the receipt by the Company of any
notification with respect to the suspension of the qualification of the Securities for sale
in any jurisdiction or the initiation or threatening of any proceeding for such purpose.




(e) The Issuers will not, and will not permit any of their Affiliates to, resell any
Securities that have been acquired by any of them.




(f) None of the Issuers nor any of their Affiliates, nor any person acting on behalf of
any of them will, directly or indirectly, make offers or sales of any security, or solicit
offers to buy any security, under circumstances that would require the registration of the
Securities under the Act.




(g) None of the Issuers nor any of their Affiliates, nor any person acting on behalf of
any of them will engage in any form of general solicitation or general advertising (within
the meaning of Regulation D) in connection with any offer or sale of the Securities in the
United States.




(h) So long as any of the Securities are “restricted securities” within the meaning of
Rule 144(a)(3) under the Act, the Company will, during any period in which it is not subject
to and in compliance with Section 13 or 15(d) of the Exchange Act or is not exempt from such
reporting requirements pursuant to and in compliance with Rule 12g3-2(b) under the Exchange
Act, provide to each holder of such restricted securities and to each prospective purchaser
(as designated by such holder) of such restricted securities, upon the request of such
holder or prospective purchaser, any information required to be provided by Rule 144A(d)(4)
under the Act. This covenant is intended to be for the benefit of the holders, and the
prospective purchasers designated by such holders, from time to time of such restricted
securities.




(i) None of the Issuers nor any of their Affiliates nor any person acting on behalf of
any of them will engage in any directed selling efforts with respect to the Securities, and
each of them will comply with the offering restrictions requirement of Regulation S. Terms
used in this paragraph have the meanings given to them by Regulation S.




(j) The Company will cooperate with the Representatives and use its best efforts to
permit the Securities to be eligible for clearance and settlement through The Depository
Trust Company.




(k) No Issuer will take, directly or indirectly, any action designed to or which has
constituted or which might reasonably be expected to cause or result, under the Exchange Act
or otherwise, in stabilization or manipulation of the price of any security of the Company
to facilitate the sale or resale of the Securities.




(l) The Issuers agree to pay the costs and expenses relating to the following matters:
(i) the preparation of, and all fees and expenses for, lien searches and recordings and
filings pursuant to the Security Documents, the issuance of the Securities and the fees of
the Trustees and the Collateral Agent; (ii) the preparation, printing or reproduction of the
Offering Memorandum and Final Memorandum and each amendment or supplement to either of them;
(iii) the printing (or reproduction) and delivery (including postage, air freight charges
and charges for counting and packaging) of such copies of the Offering Memorandum and Final
Memorandum, and all amendments or supplements to either of them, as may, in each case, be
reasonably requested for use in connection with the offering and sale of the Securities;
(iv) the preparation, printing, authentication, issuance and delivery of certificates for
the Securities, including any stamp or transfer taxes in connection with the original
issuance and sale of the Securities; (v) the printing (or reproduction) and delivery of this
Agreement, any blue sky memorandum and all other agreements or documents printed (or
reproduced) and delivered in connection with the offering of the Securities; (vi) any
registration or qualification of the Securities for offer and sale under the securities or
blue sky laws of the several states (including filing fees and the reasonable fees and
expenses of counsel for the Initial Purchasers relating to such registration and
qualification); (vii) admitting the Securities for trading in the PORTAL Market; (viii) the
transportation and other expenses incurred by or on behalf of Company representatives in
connection with presentations to prospective purchasers of the Securities; (ix) the fees and
expenses of the Company’s accountants and the fees and expenses of counsel (including local
and special counsel) for the Company; and (x) all other costs and expenses incident to the
performance by the Issuers of their obligations hereunder.




(m) The Issuers will comply in all material respects with all applicable securities and
other laws, rules and regulations, including, without limitation, the Sarbanes-Oxley Act,
and use their reasonable best efforts to cause the Issuers’ directors and officers, in their
capacities as such, to comply in all material respects with such laws, rules and
regulations, including, without limitation, the Sarbanes-Oxley Act.




(n) No Issuer will take any action or omit to take any action (such as issuing any
press release relating to any Securities without an appropriate legend) which may result in
the loss by any of the Initial Purchasers of the ability to rely on any stabilization safe
harbor provided by the Financial Services Authority under the FSMA.



6. Conditions to the Obligations of the Initial Purchasers. The obligations of the
Initial Purchasers to purchase the Securities shall be subject to the accuracy of the
representations and warranties on the part of the Issuers contained herein at the Execution Time,
the Closing Date and any settlement date pursuant to Section 3 hereof, to the accuracy of the
statements of the Issuers made in any certificates pursuant to the provisions hereof, to the
performance by the Issuers of their obligations hereunder and to the following additional
conditions:




(a) The Company shall have requested and caused Holland & Knight LLP, counsel for the
Issuers, to furnish to the Representatives its opinion, dated the Closing Date and addressed
to the Representatives, to the effect that:




(i) each Issuer which is a Florida, New York or Delaware corporation, limited
liability company or limited partnership has been duly incorporated or organized and
is validly existing as a corporation, limited liability company or limited
partnership in good standing under the laws of the jurisdiction in which it is
chartered or organized, with full corporate, limited liability company or limited
partnership power and authority to own or lease, as the case may be, and to operate
its properties and conduct its business as described in the Offering Memorandum;




(ii) all the outstanding shares of capital stock of the Company and, to such
counsel’s knowledge, each Guarantor which is a corporation have been duly authorized
and validly issued and are fully paid and nonassessable, and, except as otherwise
set forth in the Offering Memorandum, all outstanding shares of capital stock of
each such Guarantor are owned by the Company either directly or through wholly owned
subsidiaries free and clear of any perfected security interest;




(iii) each Indenture has been duly authorized, executed and delivered, and
constitutes a legal, valid and binding instrument enforceable against the Company
and the Guarantors in accordance with its terms (subject, as to the enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other
laws affecting creditors’ rights generally from time to time in effect and to
general principles of equity); the issuance of the Securities has been duly
authorized and, when executed and, in the case of the Notes, authenticated, in
accordance with the provisions of the applicable Indenture and delivered to and paid
for by the Initial Purchasers under this Agreement, the Securities will constitute
legal, valid, binding and enforceable obligations of the Company and the Guarantors
entitled to the benefits of the applicable Indenture (subject, as to the enforcement
of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or
other laws affecting creditors’ rights generally from time to time in effect and to
general principles of equity); the Security Documents have been duly authorized,
executed and delivered and constitute the legal, valid, binding and enforceable
agreements of the Issuers party thereto (subject, as to the enforcement of remedies,
to applicable bankruptcy, reorganization, insolvency, moratorium or other laws
affecting creditors’ rights generally from time to time in effect and to general
principles of equity); and the statements set forth under the heading “Description
of the Notes” in the Offering Memorandum, insofar as such statements purport to
summarize certain provisions of the Securities, the Indentures and the Security
Documents, are accurate;




(iv) other than as described in the Offering Memorandum, to the knowledge of
such counsel, there is no pending or threatened action, suit or proceeding by or
before any court or governmental agency, authority or body or any arbitrator
involving the Company or any of its subsidiaries or its or their property that would
be required to be disclosed in a registration statement filed under the Act; and the
statements in the Offering Memorandum under the headings “Business—Legal
Proceedings,” “Description of Material Indebtedness and Preferred Stock” and
“Important Federal Income Tax Considerations” accurately summarize the matters
therein described;




(v) such counsel has no reason to believe that at the Execution Time the
Offering Memorandum, and as of its date and on the Closing Date, the Final
Memorandum, contained or contains any untrue statement of a material fact or omitted
or omits to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading (in each case,
other than the financial statements and other financial information contained
therein, as to which such counsel need express no opinion);




(vi) this Agreement has been duly authorized, executed and delivered by the
Company;




(vii) the Company and each Guarantor has all requisite corporate, limited
liability company or limited partnership power and authority, has taken all
requisite corporate, limited liability company or limited partnership action, and
has received and is in compliance with all governmental, judicial and other
authorizations, approvals and orders necessary to enter into and perform this
Agreement, the Indentures, the Security Documents and the Securities, and no
consent, approval, authorization, filing with or order of any court or governmental
agency or body is required in connection with the transactions contemplated herein
or in the Indentures and the Security Documents, except such as may be required
under the blue sky or securities laws of any jurisdiction in connection with the
purchase and sale of the Securities by the Initial Purchasers in the manner
contemplated in this Agreement and the Final Memorandum and such other approvals
(specified in such opinion) as have been obtained;




(viii) neither the execution and delivery of the Indentures, this Agreement or
the Security Documents, the issue and sale of the Securities, the consummation of
any other of the transactions contemplated in the Indentures or this Agreement, the
performance by each Issuer of its obligations under the Security Documents to which
it is a party, nor the fulfillment of the terms hereof or of the Indentures will
result in a breach or violation of or imposition of any lien, charge or encumbrance
upon any property or asset of the Company or its subsidiaries pursuant to (i) the
charter (including any certificates of designation) or by-laws of the Company or its
subsidiaries; (ii) the terms of any indenture, contract, lease, mortgage, deed of
trust, note agreement, loan agreement or other agreement, obligation, condition,
covenant or instrument to which the Company or any of its subsidiaries is a party or
bound or to which its respective property is subject and which has been filed as an
exhibit to any Company filing under the Act or the Exchange Act, as reflected in the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2004,
the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005,
June 30, 2005 and September 30, 2005, and the Company’s Current Report on Form 8-K,
dated November 7, 2005, except that such counsel need express no opinion as to
contracts, agreements and other instruments relating to broadcast station purchases
and sales which are dated prior to June 1, 1999; or (iii) any statute, law, rule,
regulation, or, to such counsel’s knowledge, any judgment, order or decree
applicable to the Company or any of its subsidiaries of any court, regulatory body,
administrative agency, governmental body, arbitrator or other authority having
jurisdiction over the Company, any of its subsidiaries or any of their respective
properties;




(ix) assuming the accuracy of the representations and warranties and compliance
with the agreements contained herein, no registration of the Securities under the
Act, and no qualification of either Indenture under the Trust Indenture Act, are
required for the offer and sale by the Initial Purchasers of the Securities in the
manner contemplated by this Agreement;




(x) the Company is not and, after giving effect to the offering and sale of the
Securities and the application of the proceeds thereof as described in the Offering
Memorandum, will not be an “investment company” as defined in the Investment Company
Act without taking account of any exemption arising out of the number of holders of
the Company’s securities;




(xi) based upon a review of the publicly available files of the FCC, (a) the
Company and its subsidiaries hold the FCC Licenses with respect to each of the
stations set forth in the table under “Business—Distribution” in the Offering
Memorandum (except as otherwise disclosed therein) and (b) each of the FCC Licenses
authorizes television broadcast station construction or operation by the holder
thereof using the broadcast channel assignment and serving the community of license
that is identified in such table;




(xii) to such counsel’s knowledge, based upon the review of the publicly
available records of the FCC and inquiry to officers of the Company, there is no
order, judgment, decree, notice of apparent liability, or order of forfeiture
outstanding, and no petition, objection, notice of apparent liability, order of
forfeiture, investigation, complaint, or other proceeding pending before the FCC
against the Stations or the FCC Licenses that reasonably could be expected to result
in the termination, revocation, suspension, or denial of renewal of any of the FCC
Licenses, except for rule making and other similar proceedings generally applicable
to the television broadcasting industry or substantial segments thereof;




(xiii) to such counsel’s knowledge based upon the review of the publicly
available files of the FCC and inquiry to officers of the Company, other than as
disclosed in the Offering Memorandum (a) there are no license renewal proceedings
(other than applications for renewal filed in the ordinary course) pending for any
of the FCC Licenses; and (b) except as set forth in the FCC authorizations for the
FCC Licenses or imposed by the generally applicable rules, regulations and policies
of the FCC, none of the FCC Licenses is subject to any condition imposed by the FCC
that reasonably could be expected to have a material adverse effect on the Company’s
ability to conduct its broadcast operations as described in the Offering Memorandum,
taken as a whole;




(xiv) the execution, delivery and performance of this Agreement by the Issuers,
the issuance, sale and delivery of the Securities pursuant to this Agreement, the
execution and delivery of the Securities and the consummation of the other
Transactions (A) do not require any consent or authorization from the FCC, and (B)
do not constitute a violation of the Communications Act or the published rules and
regulations of the FCC promulgated thereunder;




(xv) the statements in the Offering Memorandum under the captions “Risk Factors
— Risks Relating to Our Business — We are required by the FCC to abandon the analog
broadcast service of 22 of our full power stations occupying the 700 MHz spectrum,
and the digital broadcast service of two stations occupying the 700 MHz spectrum,
and may suffer adverse consequences if we are unable to secure alternative
distribution on reasonable terms,” “Risk Factors—Risks Relating to Our Business—We
could be adversely affected by actions of the FCC, the U.S. Congress and the courts
that could alter broadcast television ownership rules in a way that would materially
affect our present operations or future business alternatives,” “Risk Factors—Risks
Relating to Our Industry — Our business is subject to extensive and changing
regulation that could increase our costs, expose us to greater competition, or
otherwise adversely affect the ownership and operation of our stations or our
business strategies,” “Risk Factors—Risks Relating to Our Industry — We believe that
the success of our television operations depends to a significant extent upon access
to households served by cable television systems. If the law requiring cable system
operators to carry our signal were to change, we might lose access to cable
television households, which could adversely affect our operations” and “Business —
Federal Regulation of Broadcasting,” insofar as they constitute summaries of the
Communications Act and the published rules and regulations of the FCC promulgated
thereunder, have been reviewed by such counsel and are accurate in all material
respects;




(xvi) there are no restrictions or limitations imposed by the FCC on the
ability of the Company to make cash payments in respect of the Securities in
accordance with their terms;




(xvii) each Indenture and the Securities and the interest provided for therein
will not violate any law, statute or regulation of the State of Florida relating to
usury, provided that the persons party thereto have not and do not reserve,
charge, take or receive, directly or indirectly, at any time, interest or other sums
deemed to be in the nature of interest in an amount exceeding the equivalent of the
rate of 25% simple interest per year, calculated on the basis of a 365 day year and
the actual number of days elapsed;




(xviii) the Security Documents are in form sufficient to create a valid
security interest in favor of the Collateral Agent in the Collateral for the benefit
of the First Priority Secured Parties and a valid security interest in favor of the
Collateral Agent in the Collateral for the benefit of the Second Priority Secured
Parties;




(xix) each of the Uniform Commercial Code financing statements (the “Financing
Statements”) attached to such opinion as an exhibit is in appropriate form for
filing in the Office of the Secretary of State of the jurisdiction indicated on the
face of such Financing Statement. Upon the filing of the applicable Financing
Statements in such appropriate form in each applicable state, the Collateral Agent
will have a perfected security interest for the benefit of the First Priority
Secured Parties and a perfected security interest for the benefit of the Second
Priority Secured Parties in that portion of the Collateral (the “Filing Collateral”)
in which a security interest can be perfected by the filing of a financing statement
under the Uniform Commercial Code as currently in effect in each such state. The
filing of the Financing Statements with the offices set forth in this paragraph is
the only recording or filing necessary to perfect the security interests in the
Filing Collateral;




(xx) the recordations of the assignment of security interest in trademarks
pursuant to the Security Agreement filed in the United States Patent and Trademark
Office and the filings referred to in paragraph (xx) above together will be
effective, under applicable law, to perfect the security interests granted to the
Collateral Agent under the Security Agreement for the benefit of the First Priority
Secured Parties and the Second Priority Secured Parties in the trademarks owned of
record by the Issuers and registered with the United States Patent and Trademark
Office as against any subsequent lien holder;




(xxi) the recordation of the assignment of security interests in copyrights
pursuant to the Security Agreement filed in the United States Copyright Office and
the filings referred to in paragraph (xx) above together will be effective, under
applicable law, to perfect the security interests granted to the Collateral Agent
under the Security Agreement for the benefit of the First Priority Secured Parties
and the Second Priority Secured Parties in the copyrights owned of record by the
Issuers and registered with the United States Copyright Office as against any
subsequent lien holder;




(xxii) the execution and delivery of the Control Agreements attached to such
opinion as exhibits will be effective to establish control and perfect the security
interests of the Collateral Agent for the benefit of the First Priority Secured
Parties and the Second Priority Secured Parties in the deposit accounts and
securities accounts set forth on Schedule 6 to the Security Agreement under the
provisions of the New York Uniform Commercial Code applicable to such type of
collateral;




(xxiii) each of the Pledged Notes under which any Issuer is the obligor has
been duly authorized, executed and delivered by the applicable Issuer and is
enforceable against such Issuer in accordance with its terms (subject, as to the
enforcement of remedies, to applicable bankruptcy, reorganization, insolvency,
moratorium or other laws affecting creditors’ rights generally from time to time in
effect and to general principles of equity);




(xxiv) the delivery and continued possession in New York by the Collateral
Agent of (i) certificates representing the Pledged Stock (as defined in the Security
Agreement), together with stock powers properly executed in blank with respect
thereto, and (ii) the Pledged Notes (as defined in the Security Agreement) duly
indorsed in favor of the Collateral Agent or in blank, will be effective to perfect
the security interests of the Collateral Agent for the benefit of the First Priority
Secured Parties and the Second Priority Secured Parties in the Pledged Stock and the
Pledged Notes;




(xxv) no taxes or other charges, including, without limitation, intangible or
documentary stamp taxes, recording taxes, transfer taxes or similar charges, are
payable to New York, Delaware or Florida or to any jurisdiction therein on account
of the execution and delivery of the Indentures or the Security Documents or the
creation of the indebtedness evidenced or secured by any of the foregoing or the
recording or filings contemplated by paragraphs (xx) and (xxi) above, except for
filing or recording fees; and




(xxvi) neither the Trustees, the Collateral Agent nor any Initial Purchaser is
required (i) to be qualified to transact business, file any designation for service
of process, file any reports or pay any taxes in New York, Delaware or Florida or
(ii) to comply with any statutory or regulatory requirement applicable only to
financial institutions chartered or qualified to do business in New York, Delaware,
or Florida in each case, solely by reason of the execution and delivery of any of
the Indentures or the Security Documents or by reason of its participation in any of
the transactions contemplated thereby, including, without limitation, the making and
receipt of payments pursuant thereto and the exercise of any remedy thereunder.




In rendering such opinion, such counsel may rely (A) as to matters involving the
application of laws of any jurisdiction other than the jurisdiction of incorporation of the
Company, the State of Delaware, the State of Florida, the State of New York or the Federal
laws of the United States, to the extent they deem proper and specified in such opinion,
upon the opinion of other counsel of good standing whom they believe to be reliable and who
are satisfactory to counsel for the Initial Purchasers; and (B) as to matters of fact, to
the extent they deem proper, on certificates of responsible officers of the Company and
public officials.




(b) The Company shall have requested and caused Adam K. Weinstein, Esq., Senior Vice
President and Chief Legal Officer of the Company, to furnish to the Representatives his
opinion, dated the Closing Date and addressed to the Representatives, to the effect that:




(i) each Issuer which is a New York corporation or limited liability company
has been duly incorporated or organized and is validly existing as a corporation or
limited liability company in good standing under the laws of the jurisdiction in
which it is chartered or organized, with full corporate or limited liability company
power and authority to own or lease, as the case may be, and to operate its
properties and conduct its business as described in the Offering Memorandum and to
perform its obligations under the Indenture and the Security Documents to which it
is a party;




(ii) all the outstanding shares of capital stock of the Company and each
Guarantor have been duly authorized and validly issued and are fully paid and
nonassessable, and, except as otherwise set forth in the Offering Memorandum, all
outstanding shares of capital stock of each of the Guarantors are owned by the
Company either directly or through wholly owned subsidiaries free and clear of any
perfected security interest and, to the knowledge of such counsel, after due
inquiry, any other security interests, claims, liens or encumbrances other than
Permitted Liens (as defined in each Indenture) and liens to be released on the
Closing Date;




(iii) each Indenture has been duly authorized, executed and delivered, and
constitutes a legal, valid and binding instrument enforceable against the Company in
accordance with its terms (subject, as to the enforcement of remedies, to applicable
bankruptcy, reorganization, insolvency, moratorium or other laws affecting
creditors’ rights generally from time to time in effect and to general principles of
equity); the issuance of the Securities has been duly authorized and, when executed
and, in the case of the Notes, authenticated, in accordance with the provisions of
the Indenture and delivered to and paid for by the Initial Purchasers under this
Agreement, will constitute legal, valid, binding and enforceable obligations of the
Company entitled to the benefits of the Indenture (subject, as to the enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other
laws affecting creditors’ rights generally from time to time in effect and to
general principles of equity); each Security Document has been duly authorized,
executed and delivered and constitutes the legal, valid, binding and enforceable
agreement of the Issuers party thereto (subject, as to the enforcement of remedies,
to applicable bankruptcy, reorganization, insolvency, moratorium or other laws
affecting creditors’ rights generally from time to time in effect and to general
principles of equity);




(iv) neither the execution and delivery of the Indentures, this Agreement or
the Security Documents, the issue and sale of the Securities, nor the consummation
of any other of the Transactions, nor the fulfillment of the terms hereof or thereof
will conflict with or result in a breach or violation of or imposition of any lien,
charge or encumbrance upon any property or asset of the Company or its subsidiaries
pursuant to (i) the charter (including any certificates of designation) or by-laws
of the Company or its subsidiaries; (ii) the terms of any indenture, contract,
lease, mortgage, deed of trust, note agreement, loan agreement or other agreement,
obligation, condition, covenant or instrument known to such counsel, after due
inquiry, to which the Company or any of its subsidiaries is a party or bound or to
which its respective property is subject; or (iii) any statute, law, rule,
regulation, judgment, order or decree applicable to the Company or any of its
subsidiaries of any court, regulatory body, administrative agency, governmental
body, arbitrator or other authority having jurisdiction over the Company, any of its
subsidiaries or any of their respective properties;




(v) except as disclosed in the Offering Memorandum, there is no pending or, to
the knowledge of such counsel, threatened action, suit or proceeding by or before
any court or governmental agency, authority or body or any arbitrator involving the
Company or any of its subsidiaries or its or their property that would be required
to be disclosed in a registration statement filed under the Act; and




(vi) such counsel has no reason to believe that at the Execution Time the
Offering Memorandum, or as of its date or at the Closing Date the Final Memorandum,
contained or contains any untrue statement of a material fact or omitted or omits to
state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading (in each case, other
than the financial statements and other financial information contained therein, as
to which such counsel need express no opinion).




In rendering such opinion, such counsel may limit his opinion to matters involving the
application of laws of the State of New York and the Federal laws of the United States
(excluding the Communications Act and federal securities laws) and may rely as to matters of
fact, to the extent he deems proper, on certificates of responsible officers of the Company
and public officials.




(c) The Representatives shall have received from Cahill Gordon & Reindel llp,
counsel for the Initial Purchasers, such opinion or opinions, dated the Closing Date and
addressed to the Representatives, with respect to the issuance and sale of the Securities,
the Indenture, the Security Documents, the Offering Memorandum (as amended or supplemented
at the Closing Date) and other related matters as the Representatives may reasonably
require, and the Company shall have furnished to such counsel such documents as they request
for the purpose of enabling them to pass upon such matters.




(d) The Company and each Guarantor shall have furnished to the Representatives a
certificate of the Company and each Guarantor, signed by the Chief Executive Officer or the
President and the principal financial or accounting officer of the Company and each
Guarantor, dated the Closing Date, to the effect that the signers of such certificate have
carefully examined the Offering Memorandum, any amendment or supplement to the Offering
Memorandum and this Agreement and that:




(i) the representations and warranties of the Company and the Guarantors in
this Agreement are true and correct in all material respects on and as of the
Closing Date with the same effect as if made on the Closing Date, and the Company
has complied with all the agreements and satisfied all the conditions on its part to
be performed or satisfied hereunder at or prior to the Closing Date; and




(ii) from the date of the most recent financial statements included in the
Offering Memorandum to the Effective Date and to the Closing Date, there has been no
material adverse change in the condition (financial or otherwise), prospects,
earnings, business or properties of the Company and its subsidiaries, taken as a
whole, whether or not arising from transactions in the ordinary course of business,
except as set forth in or contemplated by the Offering Memorandum.




(e) At the Execution Time and at the Closing Date, the Company shall have requested and
caused Ernst & Young LLP to furnish to the Representatives letters, dated respectively as of
the Execution Time and as of the Closing Date, in form and substance satisfactory to the
Representatives, confirming that through May 25, 2005, they were independent accountants
within the meaning of the Act and the Exchange Act and the applicable rules and regulations
thereunder, that they have performed a review of the interim financial information of the
Company for the nine-month period ended September 30, 2004 and as at September 30, 2004, and
stating in effect that




(i) in their opinion, except as otherwise set forth in their report, the
audited financial statements included in the Preliminary Memorandum and reported on
by them comply as to form in all material respects with the applicable accounting
requirements of the Exchange Act and the related published rules and regulations
thereunder,




(ii) on the basis of their limited review in accordance with the standards
established under Statement on Auditing Standards No. 100, of the unaudited interim
financial information for the nine-month period ended September 30, 2004, and as at
September 30, 2004; carrying out certain specified procedures (but not an
examination in accordance with generally accepted auditing standards) which would
not necessarily reveal matters of significance with respect to the comments set
forth in such letter; nothing came to their attention which caused them to believe
that the unaudited financial statements for the nine-month period ended September
30, 2004, and as at September 30, 2004, included in the Preliminary Memorandum do
not comply as to form in all material respects with applicable accounting
requirements and with the published rules and regulations of the Commission with
respect to financial statements included or incorporated in quarterly reports on
Form 10-Q under the Exchange Act; or that such unaudited financial statements are
not in conformity with generally accepted accounting principles applied on a basis
substantially consistent with that of the audited financial statements included or
incorporated in the Preliminary Memorandum; and further stating that




(iii) they have performed certain other specified procedures as a result of
which they determined that certain information of an accounting, financial or
statistical nature (which is limited to accounting, financial or statistical
information derived from the general accounting records of the Company and its
subsidiaries) for the years and interim periods during which Ernst & Young LLP
served as the Company’s auditors set forth in the Preliminary Memorandum, including
any such information set forth under the captions “Summary Consolidated Financial
and Other Data” and “Selected Consolidated Financial and Other Data” in the
Preliminary Memorandum and the information included in “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in the Preliminary
Memorandum agrees with the accounting records of the Company and its subsidiaries,
excluding any questions of legal interpretation.




(f) At the Execution Time and at the Closing Date, the Company shall have requested and
caused Rachlin, Cohen & Holtz LLP to furnish to the Representatives letters, dated
respectively as of the Execution Time and as of the Closing Date, in form and substance
satisfactory to the Representatives, confirming that they are independent accountants within
the meaning of the Act and the Exchange Act and the applicable rules and regulations
thereunder, that they have performed a review of the interim financial information of the
Company for the nine-month period ended September 30, 2005 and as at September 30, 2005, and
stating in effect that:




(i) on the basis of their limited review in accordance with the standards
established under Statement on Auditing Standards No. 100, of the unaudited interim
financial information for the nine-month period ended September 30, 2005, and as at
September 30, 2005; carrying out certain specified procedures (but not an
examination in accordance with generally accepted auditing standards) which would
not necessarily reveal matters of significance with respect to the comments set
forth in such letter; nothing came to their attention which caused them to believe
that the unaudited financial statements for the nine-month period ended September
30, 2005, and as at September 30, 2005, included in the Preliminary Memorandum do
not comply as to form in all material respects with applicable accounting
requirements and with the published rules and regulations of the Commission with
respect to financial statements included or incorporated in quarterly reports on
Form 10-Q under the Exchange Act; or that such unaudited financial statements are
not in conformity with generally accepted accounting principles applied on a basis
substantially consistent with that of the audited financial statements included or
incorporated in the Preliminary Memorandum;




(ii) on the basis of a reading of the latest unaudited financial statements
made available by the Company and its subsidiaries; carrying out certain specified
procedures (but not an examination in accordance with generally accepted auditing
standards) which would not necessarily reveal matters of significance with respect
to the comments set forth in such letter; a reading of the minutes of the meetings
of the stockholders, directors and the audit committee of the Company and the
Subsidiaries; and inquiries of certain officials of the Company who have
responsibility for financial and accounting matters of the Company and its
subsidiaries as to transactions and events subsequent to September 30, 2005, nothing
came to their attention which caused them to believe that:




(1) with respect to the period subsequent to September 30, 2005, there
were any changes, at October 31, 2005, in total debt or total mandatorily
redeemable preferred stock or decreases in the stockholders’ equity
(deficit) of the Company as compared with the amounts shown on the September
30, 2005 consolidated balance sheet included in the Preliminary Memorandum,
or for the period from October 1, 2005 to October 31, 2005 there were any
decreases, as compared with the corresponding period of the prior year in
net revenues or increases in net loss, except in all instances for changes
or decreases set forth in such letter, in which case the letter shall be
accompanied by an explanation by the Company as to the significance thereof
unless such explanation is not deemed necessary by the Representatives; or




(2) on the basis of reading of the minutes of the meetings of the
stockholders, directors and audit committee of the Company and its
subsidiaries and inquiries of certain officials of the Company who have
responsibility for financial and accounting matters of the Company and its
subsidiaries as to transactions and events subsequent to October 31, 2005,
nothing came to their attention which caused them to believe, with respect
to the period subsequent to September 30, 2005, there were any changes, at
the most recently ascertainable date, in total debt or total redeemable
preferred stock or decreases in the stockholders’ equity (deficit) of the
Company as compared with the amounts shown on the September 30, 2005
consolidated balance sheet included in the Preliminary Memorandum, or for
the period from November 1, 2005 to such date there were any decreases, as
compared with the corresponding period of the prior year in net revenues or
increases in net loss, except in all instances for changes or decreases set
forth in such letter, in which case the letter shall be accompanied by an
explanation by the Company as to the significance thereof unless such
explanation is not deemed necessary by the Representatives; and




(iii) they have performed certain other specified procedures as a result of
which they determined that certain information of an accounting, financial or
statistical nature (which is limited to accounting, financial or statistical
information derived from the general accounting records of the Company and its
subsidiaries) set forth in the Final Memorandum, including the information set forth
under the captions “Summary Consolidated Financial and Other Data” and “Selected
Consolidated Financial and Other Data” in the Final Memorandum and the information
included in “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” in the Preliminary Memorandum agrees with the accounting records of
the Company for the periods reviewed by Rachlin Cohen & Holtz and its subsidiaries,
excluding any questions of legal interpretation.




References to the Offering Memorandum in this Section 6(f) include any amendment or
supplement thereto at the date of the applicable letter.




(g) Subsequent to the Execution Time or, if earlier, the dates as of which information
is given in the Offering Memorandum, there shall not have been (i) any change, decrease or
increase specified in the letter or letters referred to in paragraph (f) of this Section 6;
or (ii) any change, or any development involving a prospective change, in or affecting the
condition (financial or otherwise), prospects, earnings, business or properties of the
Company and its subsidiaries, taken as a whole, whether or not arising from transactions in
the ordinary course of business, except as set forth in or contemplated in the Offering
Memorandum the effect of which, in any case referred to in clause (i) or (ii) above, is, in
the sole judgment of the Representatives, so material and adverse as to make it impractical
or inadvisable to market the Securities as contemplated by the Offering Memorandum.




(h) The Securities shall have been designated as PORTAL-eligible securities in
accordance with the rules and regulations of the NASD, and the Securities shall be eligible
for clearance and settlement through The Depository Trust Company.




(i) Subsequent to the Execution Time, there shall not have been any decrease in the
rating of any of the Company’s debt securities by any “nationally recognized statistical
rating organization” (as defined for purposes of Rule 436(g) under the Act) or any notice
given of any intended or potential decrease in any such rating or of a possible change in
any such rating that does not indicate the direction of the possible change.




(j) On the Closing Date, the Company shall have furnished to the Representatives the
Security Agreement, duly executed by each Issuer, together with:




(A) evidence satisfactory to the Representatives that (upon filing in the
appropriate filing offices referred to in clause (x) below) the Collateral Agent
(for the benefit of the First Priority Secured Parties and the Second Priority
Secured Parties, respectively) has a valid and perfected first priority security
interest and second priority security interest, respectively, in the Collateral, as
the case may be, including (x) such documents duly executed by each Issuer as the
Representatives may request with respect to the perfection of the Collateral Agent’s
security interests in the Collateral (including financing statements under the UCC,
trademark and copyright security agreements and other applicable documents under the
laws of any jurisdiction with respect to the perfection of liens created by the
Security Documents), (y) copies of UCC search reports as of a recent date listing
all effective financing statements that name any Issuer as debtor, together with
copies of such financing statements, none of which shall cover the Collateral except
for those which shall be terminated on the Closing Date) and (z) evidence of
termination and release of any existing Liens which are not Permitted Liens
(including UCC-3 termination statements and releases);




(B) share certificates representing all certificated Pledged Stock and stock
powers for such share certificates executed in blank;




(C) all instruments representing Pledged Notes, in form and substance
reasonably satisfactory to the Representative, duly endorsed in favor of the
Collateral Agent or in blank together with a summary (certified by a financial or
accounting officer of the Company) of outstanding intercompany loan balances as of a
recent date; and




(D) Control Agreements with respect to each account listed on Schedule 6 to the
Security Agreement.




(k) The Company shall have furnished to the Representatives evidence satisfactory to
the Representatives that the insurance policies required by each Indenture are in full force
and effect together with, in respect of those insurance policies maintained with respect to
the properties of the Issuers, (A) endorsements naming the Collateral Agent, on behalf of
the First Priority Secured Parties and the Second Priority Secured Parties, as an additional
insured and/or loss payee and (B) a provision that cancellation, material addition in amount
or material change in coverage shall not be effective until 30 days after written notice to
the Collateral Agent.




(l) At or on the Closing Date, (1) the Existing Notes tendered in the Tender Offer
shall have been accepted by the Company in accordance with the terms of the Offer to
Purchase, (2) the supplemental indentures contemplated by the Offer to Purchase shall have
been executed and delivered by all parties thereto, and the only condition to their becoming
operative shall be the payment for the Existing Notes tendered and (3) all Existing Notes
not accepted for purchase in the Tender Offer shall have been irrevocably called for
redemption and an amount sufficient to fund the redemption of the Existing Notes shall,
concurrently with the purchase of the Securities by the Initial Purchasers, be deposited
with the trustees for such Existing Notes.




(m) The Company shall have borrowed $325,000,000 aggregate principal amount of First
Priority Term Loans substantially concurrently with the closing of the purchase and sale of
the Securities.




(n) Prior to the Closing Date, the Company shall have furnished to the Representatives
such further information, certificates and documents as the Representatives may reasonably
request.



If any of the conditions specified in this Section 6 shall not have been satisfied in all
material respects when and as provided in this Agreement, or if any of the opinions and
certificates mentioned above or elsewhere in this Agreement shall not be in all material respects
reasonably satisfactory in form and substance, as contemplated by the provisions of this Agreement,
to the Representatives and counsel for the Initial Purchasers, this Agreement and all obligations
of the Initial Purchasers hereunder may be cancelled at, or at any time prior to, the Closing Date
by the Representatives. Notice of such cancellation shall be given to the Company in writing or by
telephone or facsimile confirmed in writing.



The documents required to be delivered by this Section 6 will be delivered at the office of
counsel for the Initial Purchasers, c/o Cahill Gordon & Reindel llp, 80 Pine Street, New
York, NY 10005, on the Closing Date.



7. Reimbursement of Expenses. If the sale of the Securities provided for herein is
not consummated because any condition to the obligations of the Initial Purchasers set forth in
Section 6 hereof is not satisfied, because of any termination pursuant to Section 10 hereof or
because of any refusal, inability or failure on the part of any Issuer to perform any agreement
herein or comply with any provision hereof other than by reason of a default by any of the Initial
Purchasers, the Issuers will reimburse the Initial Purchasers severally through Citigroup on demand
for all out-of-pocket expenses (including reasonable fees and disbursements of counsel) that shall
have been incurred by them in connection with the proposed purchase and sale of the Securities.



8. Indemnification and Contribution.



(a) The Issuers, jointly and severally, agree to indemnify and hold harmless each Initial
Purchaser, the directors, officers, employees and agents of each Initial Purchaser and each person
who controls any Initial Purchaser within the meaning of either the Act or the Exchange Act against
any and all losses, claims, damages or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act or other Federal or state statutory law or
regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact contained in the Initial Preliminary Memorandum, the Supplemental
Offering Memorandum, the Offering Memorandum (or in any supplement or amendment thereto) or any
information provided by any Issuer to any holder or prospective purchaser of Securities pursuant to
Section 5(h), or in any amendment thereof or supplement thereto, or arise out of or are based upon
the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading, and agrees to reimburse each such indemnified party, as incurred, for any
legal or other expenses reasonably incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided, however, that the
Issuers will not be liable in any such case to the extent that any such loss, claim, damage or
liability arises out of or is based upon any such untrue statement or alleged untrue statement or
omission or alleged omission made in the Initial Preliminary Memorandum, the Supplemental
Preliminary Memorandum or the Offering Memorandum, or in any amendment thereof or supplement
thereto, in reliance upon and in conformity with written information furnished to the Company by or
on behalf of any Initial Purchasers through the Representatives specifically for inclusion therein.
This indemnity agreement will be in addition to any liability which the Issuers may otherwise
have.



(b) Each Initial Purchaser severally and not jointly agrees to indemnify and hold harmless the
Issuers, each of their directors, each of their officers, and each person who controls any Issuer
within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing
indemnity from the Issuers to each Initial Purchaser, but only with reference to written
information relating to such Initial Purchaser furnished to the Issuers by or on behalf of such
Initial Purchaser through the Representatives specifically for inclusion in the Initial Preliminary
Memorandum, the Supplemental Preliminary Memorandum or the Offering Memorandum (or in any amendment
or supplement thereto). This indemnity agreement will be in addition to any liability which any
Initial Purchaser may otherwise have. The Issuers acknowledge that the statements set forth in the
last paragraph of the cover page regarding the delivery of the Securities and in the third and
ninth paragraphs under the heading “Plan of Distribution” constitute the only information furnished
in writing by or on behalf of the Initial Purchasers for inclusion in the Initial Preliminary
Memorandum, the Supplemental Preliminary Memorandum or the Offering Memorandum (or in any amendment
or supplement thereto).



(c) Promptly after receipt by an indemnified party under this Section 8 of notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 8, notify the indemnifying party in writing
of the commencement thereof; but the failure so to notify the indemnifying party (i) will not
relieve it from liability under paragraph (a) or (b) above unless and to the extent it did not
otherwise learn of such action and such failure results in the forfeiture by the indemnifying party
of substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying party
from any obligations to any indemnified party other than the indemnification obligation provided in
paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel of the
indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party
in any action for which indemnification is sought (in which case the indemnifying party shall not
thereafter be responsible for the fees and expenses of any separate counsel (except for local
counsel) retained by the indemnified party or parties except as set forth below); provided,
however, that such counsel shall be satisfactory to the indemnified party. Notwithstanding
the indemnifying party’s election to appoint counsel to represent the indemnified party in an
action, the indemnified party shall have the right to employ separate counsel (including local
counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such
separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the
indemnified party would present such counsel with a conflict of interest; (ii) the actual or
potential defendants in, or targets of, any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have reasonably concluded that there may be
legal defenses available to it and/or other indemnified parties which are different from or
additional to those available to the indemnifying party; (iii) the indemnifying party shall not
have employed counsel satisfactory to the indemnified party to represent the indemnified party
within a reasonable time after notice of the institution of such action; or (iv) the indemnifying
party shall authorize the indemnified party to employ separate counsel at the expense of the
indemnifying party. An indemnifying party will not, without the prior written consent of the
indemnified parties, settle or compromise or consent to the entry of any judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified parties are actual or
potential parties to such claim or action) unless such settlement, compromise or consent includes
an unconditional release of each indemnified party from all liability arising out of such claim,
action, suit or proceeding.



(d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 8 is
unavailable to or insufficient to hold harmless an indemnified party for any reason, the Issuers
and the Initial Purchasers agree to contribute to the aggregate losses, claims, damages and
liabilities (including legal or other expenses reasonably incurred in connection with investigating
or defending same) (collectively “Losses”) to which any Issuer and one or more of the Initial
Purchasers may be subject in such proportion as is appropriate to reflect the relative benefits
received by the Issuers on the one hand and by the Initial Purchasers on the other from the
offering of the Securities; provided, however, that in no case shall any Initial
Purchaser (except as may be provided in any agreement among the Initial Purchasers relating to the
offering of the Securities) be responsible for any amount in excess of the purchase discount or
commission applicable to the Securities purchased by such Initial Purchaser hereunder. If the
allocation provided by the immediately preceding sentence is unavailable for any reason, the
Issuers and the Initial Purchasers severally shall contribute in such proportion as is appropriate
to reflect not only such relative benefits but also the relative fault of the Issuers on the one
hand and of the Initial Purchasers on the other in connection with the statements or omissions
which resulted in such Losses, as well as any other relevant equitable considerations. Benefits
received by the Issuers shall be deemed to be equal to the total net proceeds from the offering
(before deducting expenses) received by the Company, and benefits received by the Initial
Purchasers shall be deemed to be equal to the total purchase discounts and commissions. Relative
fault shall be determined by reference to, among other things, whether any untrue or any alleged
untrue statement of a material fact or the omission or alleged omission to state a material fact
relates to information provided by the Issuers on the one hand or the Initial Purchasers on the
other, the intent of the parties and their relative knowledge, information and opportunity to
correct or prevent such untrue statement or omission. The Issuers and the Initial Purchasers agree
that it would not be just and equitable if contribution were determined by pro rata allocation or
any other method of allocation which does not take account of the equitable considerations referred
to above. Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes
of this Section 8, each person who controls an Initial Purchaser within the meaning of either the
Act or the Exchange Act and each director, officer, employee and agent of an Initial Purchaser
shall have the same rights to contribution as such Initial Purchaser, and each person who controls
any Issuer within the meaning of either the Act or the Exchange Act and each officer and director
of any Issuer shall have the same rights to contribution as the Issuers, subject in each case to
the applicable terms and conditions of this paragraph (d).



9. Default by an Initial Purchaser. If any one or more Initial Purchasers shall fail
to purchase and pay for any of the Securities agreed to be purchased by such Initial Purchaser
hereunder and such failure to purchase shall constitute a default in the performance of its or
their obligations under this Agreement, the remaining Initial Purchasers shall be obligated
severally to take up and pay for (in the respective proportions which the principal amount of
Securities set forth opposite their names in Schedule I hereto bears to the aggregate principal
amount of Securities set forth opposite the names of all the remaining Initial Purchasers) the
Securities which the defaulting Initial Purchaser or Initial Purchasers agreed but failed to
purchase; provided, however, that in the event that the aggregate principal amount
of Securities which the defaulting Initial Purchaser or Initial Purchasers agreed but failed to
purchase shall exceed 10% of the aggregate principal amount of Securities set forth in Schedule I
hereto, the remaining Initial Purchasers shall have the right to purchase all, but shall not be
under any obligation to purchase any, of the Securities, and if such nondefaulting Initial
Purchasers do not purchase all the Securities, this Agreement will terminate without liability to
any nondefaulting Initial Purchaser, the Company or the Guarantors. In the event of a default by
any Initial Purchaser as set forth in this Section 9, the Closing Date shall be postponed for such
period, not exceeding five Business Days, as the Representatives shall determine in order that the
required changes in the Offering Memorandum or in any other documents or arrangements may be
effected. Nothing contained in this Agreement shall relieve any defaulting Initial Purchaser of
its liability, if any, to any Issuer or any nondefaulting Initial Purchaser for damages occasioned
by its default hereunder.



10. Termination. This Agreement shall be subject to termination in the absolute
discretion of the Representatives, by notice given to the Company prior to delivery of and payment
for the Securities, if at any time prior to such time (i) trading in the Company’s Common Stock
shall have been suspended by the Commission or the American Stock Exchange or trading in securities
generally on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market
shall have been suspended or limited or minimum prices shall have been established on either of
such Exchanges or the Nasdaq; (ii) a banking moratorium shall have been declared either by Federal
or New York State authorities; or (iii) there shall have occurred any outbreak or escalation of
hostilities, declaration by the United States of a national emergency or war or other calamity or
crisis the effect of which on financial markets is such as to make it, in the sole judgment of the
Representatives, impracticable or inadvisable to proceed with the offering or delivery of the
Securities as contemplated by the Offering Memorandum.



11. Representations and Indemnities to Survive. The respective agreements,
representations, warranties, indemnities and other statements of the Company, the Guarantors or its
or their officers and of the Initial Purchasers set forth in or made pursuant to this Agreement
will remain in full force and effect, regardless of any investigation made by or on behalf of the
Initial Purchasers, the Company, the Guarantors or any of the indemnified persons referred to in
Section 8 hereof, and will survive delivery of and payment for the Securities. The provisions of
Sections 7 and 8 hereof shall survive the termination or cancellation of this Agreement.



12. Notices. All communications hereunder will be in writing and effective only on
receipt, and, if sent to the Representatives, will be mailed, delivered or telefaxed to the
Citigroup General Counsel (fax no.: (212) 816-7912) and confirmed to the Citigroup General Counsel
at 388 Greenwich Street, New York, New York 10013, Attention: Chief Legal Officer; or, if sent to
the Company or any Guarantor, will be mailed, delivered or telefaxed to the General Counsel (fax
no.: (561) 659-4754) and confirmed to the General Counsel, Paxson Communications Corporation, at
601 Clearwater Park Road, West Palm Beach, Florida 33401.



13. Successors. This Agreement will inure to the benefit of and be binding upon the
parties hereto and their respective successors and the indemnified persons referred to in Section 8
hereof, and, except as expressly set forth in Section 5(h) hereof, no other person will have any
right or obligation hereunder.



14. Applicable Law. This Agreement will be governed by and construed in accordance
with the laws of the State of New York applicable to contracts made and to be performed within the
State of New York.



15. No Fiduciary Duty. The Company hereby acknowledges that (a) each of the Initial
Purchasers is acting as principal and not as an agent or fiduciary of the Company and (b) its
engagement of the Initial Purchasers in connection with the offering of the Notes is as independent
contractors and not in any other capacity. Furthermore, the Company agrees that it is solely
responsible for making its own judgment in connection with the offering of the Notes (irrespective
of whether any of the Initial Purchasers has advised or is currently advising the Company on
related or other matters).



16. Waiver of Tax Confidentiality. Notwithstanding anything herein to the contrary,
purchasers of the Securities (and each employee, representative or other agent of the Issuers) may
disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S.
tax structure of any transaction contemplated herein and all materials of any kind (including
opinions or other tax analyses) that are provided to the purchasers of the Securities relating to
such U.S. tax treatment and U.S tax structure, other than any information for which nondisclosure
is reasonably necessary in order to comply with applicable securities laws.



17. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall constitute an original and all of which together shall constitute one and the same
instrument.



18. Headings. The section headings used herein are for convenience only and shall not
affect the construction hereof.



19. Definitions. The terms which follow, when used in this Agreement, shall have the
meanings indicated.



“Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the
Commission promulgated thereunder.



“Affiliate” shall have the meaning specified in Rule 501(b) of Regulation D.



“Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day
on which banking institutions or trust companies are authorized or obligated by law to close in The
City of New York.



“Citigroup” shall mean Citigroup Global Markets Inc.



“Commission” shall mean the Securities and Exchange Commission.



“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the Commission promulgated thereunder.



“Execution Time” shall mean the date and time that this Agreement is executed and delivered by
the parties hereto.



“Investment Company Act” shall mean the Investment Company Act of 1940, as amended, and the
rules and regulations of the Commission promulgated thereunder.



“NASD” shall mean the National Association of Securities Dealers, Inc.



“Regulation D” shall mean Regulation D under the Act.



“Regulation S” shall mean Regulation S under the Act.



“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules
and regulations of the Commission promulgated thereunder.



If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this Agreement and your acceptance shall
represent a binding agreement among the Company, the Guarantors and the several Initial Purchasers.



	 	 	 	 	 
	
 
	 	Very truly yours,

PAXSON COMMUNICATIONS

CORPORATION

By:
	 	





/s/ Richard Garcia
	
 
	 	 	 	 
	
 
	 	Name:Richard Garcia

Title:
	 	

Senior Vice President and

Chief Financial Officer
	 
	 	 	 	 
	The foregoing Agreement is hereby
	 	 
	 
	 	 	 	 
	confirmed and accepted as of the
	 	 
	 
	 	 	 	 
	date first above written.

	 	

	 	

	 
	 	 	 	 
	CITIGROUP GLOBAL MARKETS INC.
	 	 
	 
	 	 	 	 
	UBS SECURITIES LLC

BEAR STEARNS & CO. INC.

CIBC WORLD MARKETS CORP.

GOLDMAN, SACHS & CO.

	 	







	 	







	 
	 	 	 	 
	By: CITIGROUP GLOBAL MARKETS INC.
	 	 
	 
	 	 	 	 
	By:

	 	/s/ Kevin Sisson
	 	

	
 
	 	 
	 	

	Name:Kevin Sisson

Title:

	 	

Managing Director
	 	










	 	 	 	SUBSIDIARY GUARANTORS:






	 	 	 	BUD
HITS, INC.






	 	 	 	BUD
SONGS, INC.






	 	 	 	CLEARLAKE PRODUCTIONS, INC.






	 	 	 	FLAGLER PRODUCTIONS, INC.






	 	 	 	IRON
MOUNTAIN PRODUCTIONS, INC.






	 	 	 	OCEAN
STATE TELEVISION, LLC






	 	 	 	PAX
HITS PUBLISHING, INC.






	 	 	 	PAX
INTERNET, INC.






	 	 	 	PAX
NET, INC.






	 	 	 	PAXSON AKRON LICENSE, INC.






	 	 	 	PAXSON ALBANY LICENSE, INC.






	 	 	 	PAXSON ATLANTA LICENSE, INC.






	 	 	 	PAXSON BATTLE CREEK LICENSE, INC.






	 	 	 	PAXSON BIRMINGHAM LICENSE, INC.






	 	 	 	PAXSON BOSTON-68 LICENSE, INC.






	 	 	 	PAXSON BUFFALO LICENSE, INC.






	 	 	 	PAXSON CEDAR RAPIDS LICENSE, INC.






	 	 	 	PAXSON CHARLESTON LICENSE, INC.






	 	 	 	PAXSON CHICAGO LICENSE, INC.






	 	 	 	PAXSON COMMUNICATIONS LICENSE COMPANY, LLC






	 	 	 	PAXSON COMMUNICATIONS LPTV, INC.






	 	 	 	PAXSON COMMUNICATIONS MANAGEMENT COMPANY, INC.






	 	 	 	PAXSON COMMUNICATIONS OF AKRON-23, INC.






	 	 	 	PAXSON COMMUNICATIONS OF ALBANY-55, INC.






	 	 	 	PAXSON COMMUNICATIONS OF ATLANTA-14, INC.






	 	 	 	PAXSON COMMUNICATIONS OF BATTLE CREEK-43, INC.






	 	 	 	PAXSON COMMUNICATIONS OF BIRMINGHAM-44, INC.






	 	 	 	PAXSON COMMUNICATIONS OF BOSTON-68, INC.






	 	 	 	PAXSON COMMUNICATIONS OF BUFFALO-51, INC.






	 	 	 	PAXSON COMMUNICATIONS OF CEDAR RAPIDS-48, INC.






	 	 	 	PAXSON COMMUNICATIONS OF CHARLESTON-29, INC.






	 	 	 	PAXSON COMMUNICATIONS OF CHICAGO-38, INC.






	 	 	 	PAXSON COMMUNICATIONS OF DALLAS-68, INC.






	 	 	 	PAXSON COMMUNICATIONS OF DENVER-59, INC.






	 	 	 	PAXSON COMMUNICATIONS OF DES MOINES-39, INC.






	 	 	 	PAXSON COMMUNICATIONS OF DETROIT-31, INC.






	 	 	 	PAXSON COMMUNICATIONS OF FAYETTEVILLE-62, INC.






	 	 	 	PAXSON COMMUNICATIONS OF GREENSBORO-16, INC.






	 	 	 	PAXSON COMMUNICATIONS OF GREENVILLE-38, INC.






	 	 	 	PAXSON COMMUNICATIONS OF HARTFORD-26, INC.






	 	 	 	PAXSON COMMUNICATIONS OF HONOLULU-66, INC.






	 	 	 	PAXSON COMMUNICATIONS OF HOUSTON-49, INC.






	 	 	 	PAXSON COMMUNICATIONS OF INDIANAPOLIS-63, INC.






	 	 	 	PAXSON COMMUNICATIONS OF JACKSONVILLE-21, INC.






	 	 	 	PAXSON COMMUNICATIONS OF JACKSONVILLE-35, INC.






	 	 	 	PAXSON COMMUNICATIONS OF KANSAS CITY-50, INC.






	 	 	 	PAXSON COMMUNICATIONS OF KNOXVILLE-54, INC.






	 	 	 	PAXSON COMMUNICATIONS OF LEXINGTON-67, INC.






	 	 	 	PAXSON COMMUNICATIONS OF LOS ANGELES-30, INC.






	 	 	 	PAXSON COMMUNICATIONS OF LOUISVILLE-21, INC.






	 	 	 	PAXSON COMMUNICATIONS OF MEMPHIS-50, INC.






	 	 	 	PAXSON COMMUNICATIONS OF MIAMI-35, INC.






	 	 	 	PAXSON COMMUNICATIONS OF MILWAUKEE-55, INC.






	 	 	 	PAXSON COMMUNICATIONS OF MINNEAPOLIS-41, INC.






	 	 	 	PAXSON COMMUNICATIONS OF MOBILE-61, INC.






	 	 	 	PAXSON COMMUNICATIONS OF NASHVILLE-28, INC.






	 	 	 	PAXSON COMMUNICATIONS OF NEW ORLEANS-49, INC.






	 	 	 	PAXSON COMMUNICATIONS OF NEW YORK-31, INC.






	 	 	 	PAXSON COMMUNICATIONS OF NORFOLK-49, INC.






	 	 	 	PAXSON COMMUNICATIONS OF OKLAHOMA CITY-62, INC.






	 	 	 	PAXSON COMMUNICATIONS OF ORLANDO-56, INC.






	 	 	 	PAXSON COMMUNICATIONS OF PHILADELPHIA-61, INC.






	 	 	 	PAXSON COMMUNICATIONS OF PHOENIX-13, INC.






	 	 	 	PAXSON COMMUNICATIONS OF PHOENIX-51, INC.






	 	 	 	PAXSON COMMUNICATIONS OF PORTLAND-22, INC.






	 	 	 	PAXSON COMMUNICATIONS OF PORTLAND-23, INC.






	 	 	 	PAXSON COMMUNICATIONS OF PROVIDENCE-69, INC.






	 	 	 	PAXSON COMMUNICATIONS OF RALEIGH-47, INC.






	 	 	 	PAXSON COMMUNICATIONS OF ROANOKE-38, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SACRAMENTO-29, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SALT LAKE CITY-30, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SAN ANTONIO-26, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SAN JOSE-65, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SCRANTON-64, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SEATTLE-33, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SHREVEPORT-21, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SPOKANE-34, INC.






	 	 	 	PAXSON COMMUNICATIONS OF SYRACUSE-56, INC.






	 	 	 	PAXSON COMMUNICATIONS OF TAMPA-66, INC.






	 	 	 	PAXSON COMMUNICATIONS OF TUCSON-46, INC.






	 	 	 	PAXSON COMMUNICATIONS OF TULSA-44, INC.






	 	 	 	PAXSON COMMUNICATIONS OF WASHINGTON-60, INC.






	 	 	 	PAXSON COMMUNICATIONS OF WASHINGTON-66, INC.






	 	 	 	PAXSON COMMUNICATIONS OF WAUSAU-46, INC.






	 	 	 	PAXSON COMMUNICATIONS OF WEST PALM BEACH-67, INC.






	 	 	 	PAXSON COMMUNICATIONS TELEVISION, INC.






	 	 	 	PAXSON DALLAS LICENSE, INC.






	 	 	 	PAXSON DENVER LICENSE, INC.






	 	 	 	PAXSON DES MOINES LICENSE, INC.






	 	 	 	PAXSON DETROIT LICENSE, INC.






	 	 	 	PAXSON DEVELOPMENT, INC.






	 	 	 	PAXSON FAYETTEVILLE LICENSE, INC.






	 	 	 	PAXSON FRESNO LICENSE, INC.






	 	 	 	PAXSON GREENSBORO LICENSE, INC.






	 	 	 	PAXSON GREENVILLE LICENSE, INC.






	 	 	 	PAXSON HARTFORD HOLDINGS, INC.






	 	 	 	PAXSON HARTFORD LICENSE, INC.






	 	 	 	PAXSON HAWAII LICENSE, INC.






	 	 	 	PAXSON HOLDINGS, INC.






	 	 	 	PAXSON HOUSTON LICENSE, INC.






	 	 	 	PAXSON INDIANAPOLIS HOLDINGS, INC.






	 	 	 	PAXSON INDIANAPOLIS LICENSE, INC.






	 	 	 	PAXSON JACKSONVILLE LICENSE, INC.






	 	 	 	PAXSON JAX LICENSE, INC.






	 	 	 	PAXSON KANSAS CITY LICENSE, INC.






	 	 	 	PAXSON KNOXVILLE LICENSE, INC.






	 	 	 	PAXSON LEXINGTON LICENSE, INC.






	 	 	 	PAXSON LOS ANGELES LICENSE, INC.






	 	 	 	PAXSON MERCHANDISING & LICENSING, INC.






	 	 	 	PAXSON MIAMI-35 LICENSE, INC.






	 	 	 	PAXSON MILWAUKEE LICENSE, INC.






	 	 	 	PAXSON MINNEAPOLIS LICENSE, INC.






	 	 	 	PAXSON MOBILE LICENSE, INC.






	 	 	 	PAXSON NEW YORK LICENSE, INC.






	 	 	 	PAXSON NORFOLK LICENSE, INC.






	 	 	 	PAXSON OKLAHOMA CITY LICENSE, INC.






	 	 	 	PAXSON ORLANDO LICENSE, INC.






	 	 	 	PAXSON PHILADELPHIA LICENSE, INC.






	 	 	 	PAXSON PHOENIX LICENSE, INC.






	 	 	 	PAXSON PRODUCTIONS, INC.






	 	 	 	PAXSON RALEIGH LICENSE, INC.






	 	 	 	PAXSON ROANOKE LICENSE, INC.






	 	 	 	PAXSON SACRAMENTO LICENSE, INC.






	 	 	 	PAXSON SALEM LICENSE, INC.






	 	 	 	PAXSON SALT LAKE CITY LICENSE, INC.






	 	 	 	PAXSON SAN ANTONIO LICENSE, INC.






	 	 	 	PAXSON SAN JOSE LICENSE, INC.






	 	 	 	PAXSON SCRANTON LICENSE, INC.






	 	 	 	PAXSON SEATTLE LICENSE, INC.






	 	 	 	PAXSON SHREVEPORT LICENSE, INC.






	 	 	 	PAXSON SPOKANE LICENSE, INC.






	 	 	 	PAXSON SPORTS OF MIAMI, INC.






	 	 	 	PAXSON SYRACUSE LICENSE, INC.






	 	 	 	PAXSON TAMPA-66 LICENSE, INC.






	 	 	 	PAXSON TELEVISION PRODUCTIONS, INC.






	 	 	 	PAXSON TELEVISION, INC.






	 	 	 	PAXSON TENNESSEE LICENSE, INC.






	 	 	 	PAXSON TULSA LICENSE, INC.






	 	 	 	PAXSON WASHINGTON LICENSE, INC.






	 	 	 	PAXSON WASHINGTON-60 LICENSE, INC.






	 	 	 	PAXSON WAUSAU LICENSE, INC.






	 	 	 	PAXSON WEST PALM BEACH HOLDINGS, INC.





	 	 	 
	PAXSON WEST PALM BEACH LICENSE, INC.

	 
	 	 
	By:

	 	/s/ Richard Garcia
	
 
	 	 
	Name:Richard Garcia

Title:

	 	

Vice President and Treasurer of

each of such Subsidiary Guarantors







	 	 	 	AMERICA 51, L.P.






	 	 	 	By:
Paxson Communications of Phoenix-51, Inc., its
General Partner and Limited Partner






	 	 	 	By:
Paxson Communications Television, Inc., its
Limited Partner





	 	 	 
	By:

	 	/s/ Richard Garcia
	
 
	 	 
	Name:Richard Garcia

Title:

	 	

Vice President and Treasurer of

such General and Limited Partners