Document:

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                                                                   EXHIBIT 10.15

               THE CHRONICLE PUBLISHING COMPANY ("CHRONICLE") AND
              NBC TELEVISION NETWORK ("NBC") AFFILIATION AGREEMENT
           TERM SHEET FOR KRON-TV (SAN FRANCISCO) AND WOWT-TV (OMAHA)

A.    KRON

      1.    Term:

            (a)   Initial term: Seven (7) years, commencing on January 1, 1995.

            (b)   Renew for additional three (3) years if neither party gives
                  notice at least 12-months before expiration of initial term.

            (c)   Except for notice of non-renewal and other rights of
                  termination specified in the Agreement, firm contract on both
                  sides (removing each party's rolling right of termination on
                  12-month notice).

      2.    Programmed Time Periods:

            NBC will continue to provide programming intended to reach a broad
            audience for all the time periods it currently programs, as such
            time periods are set forth in the matrix attached as Exhibit A
            hereto (the "Matrix")

      3.    C1earances:

            (a)   KRON will clear all NBC programming in Prima Time, Daytime,
                  News and Late Night in the Live Time Periods (as defined
                  below) therefor throughout the term of the Agreement, except
                  as follows:

                  (i)   Weekday Daytime (Monday to Friday 9 a.m. - 4 p.m.):
                        KRON will clear a third hour of NBC Weekday Daytime
                        programming by September 30, 1995. KRON will thereafter
                        clear a fourth hour of NBC Weekday Daytime programming
                        at such time as KRON fails to renew any hour of its
                        then-existing Weekday Daytime syndicated programming
                        contracts. KRON will make reasonable efforts to
                        broadcast NBC's Weekday Daytime programming in the
                        sequence provided by NBC, but NBC acknowledges that KRON
                        may not be able to arrange such a schedule throughout
                        the term of the Agreement.

                  (ii)  Saturday Daytime: KRON will have no obligation to clear
                        any of NBC's "Teen Block" programming.
<PAGE>

                  (iii) Late Night: KRON will eliminate the currently-scheduled
                        half hour of local programming between LATE NIGHT WITH
                        CONAN O'BRIEN and LATER WITH GREG KINNEAR (or their
                        successor programs) no later than September 12, 1995.
                        Until the elimination of such local programming, KRON's
                        broadcast of LATER WITH GREG KINNEAR (or any successor
                        program) will be deemed broadcast in the Live Time
                        Period therefor, notwithstanding the half hour delay. In
                        the event that KRON is enjoined by a court of competent
                        jurisdiction from broadcasting LATE NIGHT WITH CONAN
                        O'BRIEN (or any successor program) at 12:35 a.m. during
                        the period ending September 12, 1995, KRON will
                        broadcast such program at 1:05 a.m. and LATER WITH GREG
                        KINNEAR (or any successor program) at 2:05 a.m. as of
                        the effective date of such injunction, and such
                        broadcast times will be deemed the Live Time Periods for
                        such programs. The parties agree that KRON's broadcast
                        of all of NBC's Late Night programs will be restored to
                        the Live Time Periods therefor no later than September
                        12, 1995.

                  (iv)  KRON will have no obligation to clear any NBC
                        programming in a Live Time Period not included on the
                        Matrix.

                  "Live Time Period" shall mean the time period or periods as
                  specified by NBC for the broadcast of a program in the time
                  zone in which the Station is located.

            (b)   KRON will clear all NBC Weekend Sports programming throughout
                  the term of the Agreement.

            4.    Preemptions:

                  (a)   KRON has the unqualified right to preempt NBC
                        programming for breaking news, including live coverage
                        of news events, it being understood that NBC will not
                        pay the regular network compensation and, in the case of
                        Prime Time preemptions, additional consideration payable
                        for the preempted program, but that such preemptions
                        shall not be treated as preemptions for purposes of
                        Paragraph 4(d) below.

                  (b)   KRON will have complete discretion on preemptions in
                        Prime Time up to a total of 20 hours per year in
                        addition to preemptions covered in Paragraphs 4(a) above
                        and 4(c) below.

                  (c)   KRON has the right to preempt NBC programming for
                        coverage of Oakland Athletics baseball games;
<PAGE>

                        provided, however, that (i) KRON agrees to televise no
                        more than fifty (50) regular season games and two (2)
                        pre-season games in any single season, (ii) KRON's
                        annual preemptions of NBC Prime Time programming for
                        coverage of A's baseball games will not exceed the sum
                        of ten (10) hours plus that number of additional hours
                        that KRON elects to use for such purposes under
                        Paragraph 4(b) above, and (iii) KRON and NBC will
                        regularly discuss the coordination of the scheduling of
                        A's baseball games and NBC programming in order to set
                        program priorities and reduce the impact of preemptions
                        of NBC programming by KRON, and KRON will advise NBC of
                        the broadcast schedule of A's baseball games for each
                        season during the term hereof promptly after the
                        determination of each such schedule.

                  (d)   In addition to any compensation and additional
                        consideration not payable by NBC hereunder, in the event
                        of any preemption in excess of any of the amounts
                        provided in Paragraphs 4(a), (b) and (c) above, NBC will
                        be entitled to and may withhold a sum equivalent to
                        NBC'S loss in net advertising revenues attributable to
                        KRON's failure to broadcast the program as scheduled by
                        NBC (the "Additional Sum"); provided, however, that (i)
                        for the first three hours of each of Prime Time
                        preemptions and non-Prime Time preemptions in excess of
                        such amounts, the Additional Sum will not exceed the
                        regular network compensation and, in the case of Prime
                        Time preemption, the additional consideration otherwise
                        payable for the preempted program, and (ii) for all
                        further hours of each of Prime Time preemptions and
                        non-Prime Time preemptions in excess of such amounts,
                        the Additional Sum will not exceed twice such regular
                        network compensation and, in the case of Prime Time
                        preemptions, the additional consideration. This
                        Paragraph 4(d) will apply to programs broadcast with the
                        consent of NBC outside their Live Time Period under
                        Paragraph 5(c) or Paragraph 1 of Exhibit B only to the
                        extent that NBC's loss in net advertising revenues
                        attributable to KRON's failure to broadcast any such
                        program as scheduled by NBC is not offset by the
                        broadcast of the program outside its Live Time Period.
                        To the extent that the amounts payable by NBC to KRON
                        under the Agreement are at any time insufficient to
                        satisfy NBC'S rights under this Paragraph 4(d), KRON
                        will, upon NBC's written request, promptly pay NBC any
                        remaining amounts due hereunder.

                  (e)   In the event NBC schedules any programming whose purpose
                        is the promotion of particular products or services
                        (e.g., "Treasure Island"), and KRON preempts such
                        programming, NBC shall not pay the
<PAGE>

                        regular network compensation, and, in the case of Prime
                        Time preemptions, additional consideration payable for
                        the preempted program, but such preemptions shall not be
                        treated as preemptions for purposes of Paragraph 4(d)
                        above.

            5.    Compensation:

                  (a)   NBC will pay compensation to Chronicle throughout the
                        term of the Agreement for each NBC program broadcast by
                        KRON during either the Live Time Period therefor or such
                        other time period as may be permitted under Paragraph
                        3(a)(i) or Paragraph 3(a) (iii) above, irrespective of
                        whether regular network compensation is payable for such
                        program to other television stations affiliated with
                        NBC, at an hourly rate (the "Hourly Rate") which shall
                        be the product of KRON's Network Station Rate of $2,725
                        and the Matrix Percentage for the applicable time period
                        or daypart set forth in the Matrix. It is understood
                        that throughout the term of the Agreement, unless
                        otherwise agreed by the parties, KRON's Network Station
                        Rate will remain at $2,725 and the Matrix Percentage set
                        forth for each time period and daypart in the Matrix
                        will remain unchanged, notwithstanding any change in the
                        particular programming provided by NBC to KRON during
                        such time period or daypart.

                  (b)   Notwithstanding the foregoing, NBC shall not pay regular
                        network compensation for KRON's broadcast of NBC's
                        coverage of the 1996 Summer Olympic Games and Olympic
                        Games in any other year during the term of this
                        Agreement after 1998, up to a total of sixty (60) hours
                        in Prime Time and one hundred thirty (130) hours in time
                        periods other than Prime Time for each Olympic Games
                        covered by NBC during the term hereof.

                  (c)   NBC may withhold compensation for any NBC programs which
                        KRON does not broadcast during either the Live Time
                        Period therefor or such other time period as may be
                        permitted under Paragraph 3(a)(i) or Paragraph 3(a)
                        (iii) above; provided, however, that if NBC and KRON
                        mutually agree that KRON may broadcast such program in a
                        time period other than its Live Time Period or such
                        other time period as may be permitted under Paragraph
                        3(a)(i) or Paragraph 3(a)(iii) above, NBC will pay
                        Chronicle compensation at the Hourly Rate set forth in
                        the Matrix for the time period in which it is actually
                        broadcast or, if there is no Hourly Rate set forth in
                        the Matrix for such time period, NBC shall pay KRON such
                        amount as NBC shall agree upon prior to such broadcast.
                        Nothing in this Paragraph 5(c) shall entitle NBC to
                        withhold compensation
<PAGE>

                        otherwise payable to Chronicle under Paragraph 5(a)
                        above.

                  (d)   In addition to the compensation otherwise payable under
                        this Paragraph 5, with respect to any NBC network
                        sponsored program broadcast by KRON during the Live Time
                        Period therefor for which no Matrix Percentage is set
                        forth in the Matrix, NBC will pay Chronicle such amount
                        as NBC shall agree upon prior to such broadcast.

                  (e)   On or about the fifteenth day of the last month of each
                        calendar quarter during the term hereof, subject to the
                        timely receipt of such reports as NBC may reasonably
                        request covering the broadcast by KRON of programs
                        provided by NBC hereunder, NBC will pay Chronicle, by
                        electronic transfer or such other means as NBC
                        determines, an estimate of the amounts due under this
                        Paragraph 5 and Exhibit B for such calendar quarter.
                        Such payment will be accompanied by a report showing the
                        details of the calculation of the amounts paid. NBC will
                        make the appropriate adjustment for the payment actually
                        due for such calendar quarter in the payment of the
                        estimated amount due for the next calendar quarter.

                  (f)   From the amounts otherwise payable to Chronicle
                        hereunder, NBC will deduct for each week during each
                        calendar quarter during the term hereof a sum equal to
                        217% of KRON's Network Station Rate (the "Waiver
                        Amount"). NBC may make other deductions from the
                        amounts otherwise payable to Chronicle hereunder for
                        additional services made available by NBC and utilized
                        by KRON such as, but not limited to, News Channel, and
                        for the so-called Olympic Games contribution; provided,
                        however, that Chronicle may elect at any time to pay any
                        such amount directly to NBC or to terminate any such
                        arrangement and thereupon terminate the applicable
                        deduction.

                  (g)   Notwithstanding that any part of the Agreement may be
                        determined at any time to be illegal, invalid, void,
                        voidable or otherwise unenforceable, NBC will continue
                        to pay Chronicle compensation as provided hereunder for
                        so long as KRON continues to broadcast NBC programming
                        as provided herein, or for the balance of the term of
                        the Agreement if NBC prevents such continued broadcast
                        by KRON on the basis of any such determination.

            6.    Additional Consideration:

                  In addition to compensation payable to Chronicle pursuant to
                  Paragraph 5 above, in consideration of
<PAGE>

                  Chronicle's entering into this Agreement and KRON's
                  performance of its obligations hereunder, NBC will pay
                  Chronicle as additional consideration the Additional Payment
                  Amounts set forth on Exhibit B attached hereto.
                  Notwithstanding that any part of the Agreement may be
                  determined at any time to be illegal, invalid, void, voidable
                  or otherwise unenforceable, NBC will continue to pay Chronicle
                  such additional consideration for so long as KRON continues to
                  broadcast NBC programming as provided herein, or for the
                  balance of the term of the Agreement if NBC prevents such
                  continued broadcast by KRON on the basis of any such
                  determination.

            7.    Local Inventory:

                  NBC agrees that the format of local avails in its regularly
                  scheduled programming will continue during the term of the
                  Agreement or be offset with a comparable economic benefit to
                  KRON. KRON may continue to cover the two (2) 30-second NBC
                  promotional spots in Prime Time per day that KRON currently
                  uses for local inventory, provided KRON provides NBC a minimum
                  of four thousand (4,000) Gross Rating Points (GRP's) per year
                  for Prime Time promotion.

            8.    Right of First Negotiation:

                  Chronicle will have the right of first negotiation with
                  respect to any new NBC over-the-air broadcast venture (whether
                  or not involving the transmission of television programs, but
                  excluding any acquisition of an ownership interest in any
                  broadcast television station) which requires participation on
                  a financial or operating basis of a Third Party (i.e., a party
                  other than a parent, subsidiary or affiliated entity of NBC.,
                  Inc.) within Chronicle's community of license. If Chronicle
                  has the technical facilities to participate in such venture as
                  proposed by NBC, and NBC and Chronicle do not reach agreement
                  regarding Chronicle's participation in such venture, NBC will
                  not enter into any similar agreement with another Third Party
                  within KRON's community of license on financial terms more
                  advantageous than those offered to Chronicle.

            9.    Assignment:

                  (a)   Chronicle will immediately notify NBC in writing if any
                        application is made to the FCC pertaining to an
                        assignment or transfer of control of KRON's license, or
                        any interest therein.

                  (b)   To the extent this Agreement pertains to KRON, the
                        Agreement may be assigned by Chronicle, whereupon
                        Chronicle shall be relieved of its obligations hereunder
                        pertaining to KRON, if the assignment is made in
                        conjunction with a transfer of television station KRON
                        and its license to another
<PAGE>

                        corporation controlled by, or under common control with,
                        Chronicle; provided that (i) the assignee agrees in
                        writing to assume and be bound by all terms and
                        conditions of the Agreement pertaining to KRON, and (ii)
                        a copy of such writing is delivered to NBC.

                  (c)   To the extent this Agreement pertains to KRON, the
                        Agreement may otherwise be assigned by Chronicle,
                        subject to NBC's prior written consent, which consent
                        shall not be unreasonably withheld or delayed, whereupon
                        Chronicle shall be relieved of its obligations hereunder
                        pertaining to KRON; provided that (i) if NBC withholds
                        its consent, it must give written notice thereof to
                        Chronicle within thirty (30) days after delivery to it
                        of the notice required under Paragraph 9(a) above,
                        setting forth in detail the reasons for Its withholding
                        of such consent; (ii) NBC shall be deemed to have
                        unreasonably withheld its consent if it withholds
                        consent for any reason other than the fact that (w) the
                        assignee does not have senior management with experience
                        in television broadcasting, (x) the assignee does not
                        have the financial ability or resources to operate KRON,
                        (y) the assignee or any individual member of senior
                        management or controlling individual is generally
                        considered to be of disreputable character, or (z) the
                        assignee expresses its intent to make changes in the
                        Station's operations that are reasonably likely to
                        result in NBC's right of termination as provided in
                        subparagraph (iv) below; (iii) the assignee agrees in
                        writing, a copy of which shall be delivered to NBC, to
                        assume and be bound by all terms and conditions of the
                        Agreement pertaining to KRON for the balance of the term
                        of the Agreement or twelve (12) months, whichever is
                        longer, and (iv) NBC may terminate the Agreement if,
                        absent agreement to the contrary with NBC, the assignee
                        (A) does not thereafter maintain a news operation that
                        includes the regularly scheduled broadcast of a local
                        news program not less than thirty (3O) minutes in length
                        immediately preceding the TODAY Show, NBC NIGHTLY NEWS,
                        and the TONIGHT Show or (B) thereafter changes its
                        broadcast schedule in a way that materially changes
                        KRON's audience delivery.

            10.   Non-Duplication:

                  (a)   KRON shall have the right to invoke protection against
                        duplication of NBC network programming within the
                        thirty-five (35) mile areas surrounding each of the
                        cities of San Francisco, Oakland and San Jose,
                        California as follows: (i) for NBC programming broadcast
                        by KRON on the Live Time period therefor, for a period
                        beginning one hour
<PAGE>

                        before the start of such programming and ending one hour
                        after the end of such programming, and (ii) for NBC
                        programming broadcast by KRON in a time period other
                        than the Live Time Period therefor, for the period
                        simultaneous with such broadcast.

                  (b)   The geographic extent of retransmission consent shall
                        remain unchanged; provided, however, if KSBW either (1)
                        fails to obtain and maintain must carry status in any
                        portion of Santa Clara County or (ii) is no longer
                        affiliated with NBC, the parties shall negotiate in good
                        faith, subject to any then applicable rules and
                        regulations of the FCC, the grants to KRON of exclusive
                        retransmission consent rights to all of Santa Clara
                        County.

            11.   Press Releases and Public Announcements:

                  Neither the management of KRON nor the management of NBC will
                  issue any press release or make any other announcement to the
                  public concerning any of the provisions of the Agreement
                  without the other party's prior written consent.

            12.   Amendment

                  The Agreement may be amended only by a writing that is signed
                  by both parties hereto.

            13.   Other Provisions:

                  This Term Sheet is a binding obligation of each of the parties
                  hereto. The parties contemplate a long-form agreement that
                  will incorporate these and other consistent terms and which is
                  intended to establish an affiliate-network relationship that
                  places commensurate obligations upon and provides commensurate
                  benefits to each party. All references in this Term Sheet to
                  the Agreement are intended to refer to, and include, this Term
                  Sheet as well.

      B.    WOWT

            NBC will enter into a new agreement with WOWT in Omaha on the same
            terms and conditions as the agreement with KRON, except as follows:

            (a)   The provisions regarding the clearance of Late Night in
                  Paragraph 3(a)(iii) above would be modified to provide that
                  WOWT will end any existing delays of NBC's Late Night
                  programming by January 1, 1996;

            (b)   Under Paragraph 4(b) above, would have complete discretion
                  on preemptions in Prime Time up to a total of thirty-five
                  (35) hours during 1995, thirty-four (34) hours during 1996,
                  thirty-three (33) hours during 1997,
<PAGE>

                 thirty-two (32) hours during 1998, thirty-one (31) hours
                 during 1999, thirty (30) hours during 2000, and twenty-nine
                 (29) hours during 2001; and for preemptions due to WOWT's
                 sports programming outside Prime Time up to a total of ten
                 (10) hours per calendar year;

            (c)   The provisions regarding Oakland Athletics baseball games in
                  Paragraph 4(c) above would be deleted;

            (d)   The provisions regarding compensation in Paragraphs 5(a), (b)
                  and (d) above would be deleted and the following provisions
                  would be added: (i) WOWT's Network Station Rate will remain at
                  the 1994 level, subject to NBC's customary right of review;
                  (ii) WOWT's Compensation Matrix may be modified during the
                  term of the Agreement only as agreed between NBC and Chronicle
                  or as approved by the NBC Affiliate Board; and (iii) NBC will
                  pay compensation to WOWT for each NBC program broadcast by
                  WOWT during the Live Time Period therefor for which
                  compensation is payable;

            (e)   The right to cover NBC promotion spots in Paragraph 7 above
                  would be deleted; and

            (f)   The geographic area within which WOWT may invoke protection
                  against duplication of NBC network programming would remain
                  unchanged from that set forth in WOWT's current
                  non-duplication amendment to its affiliation agreement, and
                  the geographic extent of retransmission consent shall remain
                  unchanged from that set forth in WOWT's current affiliation
                  agreement; provided, however, if at any time during the term
                  of the Agreement, the same NBC programming offered to and
                  accepted by WOWT shall be distributed by another broadcast
                  station or a multichannel video provider serving Lancaster
                  County, other than through the retransmission of WOWT's
                  signal, the amount of Prime Time preemptions for which WOWT
                  would have complete discretion pursuant to Paragraph B(b)
                  above would be increased by twelve (12 hours or a prorated
                  portion thereof for each year following the commencement of
                  such distribution.
<PAGE>

It is understood that, to the extent this Agreement pertains to WOWT, Chronicle
may assign this Agreement under the same terms and conditions as apply to KRON
under Paragraph 9 above.

NBC: /s/ [ILLEGIBLE]
     ----------------------------------

THE CHRONICLE PUBLISHING COMPANY: /s/ John B. Sias
                                  -----------------------------------

Date: December 6, 1994
<PAGE>

                                    EXHIBIT A

                        REGULAR NBC COMPENSATION SCHEDULE
                         BY DAYPART AND CURRENT PROGRAM

<TABLE>
<CAPTION>
DAYPART                        DAY                 TIME           MATRIX              APPR0X. HOURLY
-------                        ---                 ----           ------              --------------
Current Program                                    PERIOD         PCT.                COMPENSATION
                                                   ------         ----                ------------
                                                                                      RATES ($2725 x
                                                                                      --------------
                                                                                      MATRIX PCT.)
                                                                                      ------------
----------------------------------------------------------------------------------------------
<S>                            <C>                 <C>            <C>                 <C>
PRIME TIME                     Mon-Sat             8p-11p
    Various                    Sun                 7p-11p         30%                 $817.50

DAYTIME                        Mon-Fri             9a-4p          11.17%              304.38
    Various                    (4hrs/day)

    Inside Stuff               Sat                 5a-5:30a       7.98%               214.73

NEWS
    Nightly News               Mon-Fri             5:30p-6p       0                   0
                               Sat/Sun             5:30p-6p       10%                 272.50
    Sunrise                    Mon-Fri             5:30a-6a       0                   0

    Today Show                 Mon-Fri             7a-9a          0                   0
                               Sat                 6a-8a          0                   0
                               Sun                 6-7a           0                   0
    Meet the Press             Sun                 7a-8a          10.5%               286.13

LATE NIGHT
    Tonight Show               Mon-Fri             11:35p-12:35a  7.5%                204.38

    Late Night                 Mon-Fri             12:35a-1:35a   10.25%              279.31

    Later                      Mon-Thurs           1:35a-2:05a    4%                  109.00

    FNV                        Fri                 1:35a-2:35a    4.75%               129.44

    SNL                        Sat                 11:30p-1a      6.67%               181.76

SPORTS
    NBA                        Mostly Sat/Sun      TBA            10.5%               286.13*

    NFL                        Sunday              TBA            0                   0

    MLB                        Various             TBA            0                   0

    Bowl Games                 New Year's Day      TBA            0                   0
</TABLE>

* per program season game only; otherwise -0-
<PAGE>

                                    EXHIBIT B

      In consideration of Chronicle's entering in this Agreement and each
Station's performance of its obligations hereunder, NBC agrees to pay Chronicle,
for each Station for each calendar quarter during the term of the Agreement, an
Additional Payment Amount as calculated herein.

      1. The "Additional Payment Amount" for each station for each calendar
quarter shall equal to the product of (a) the number of hours of NBC Prime Time
programming broadcast during the Live Time Period therefor by the Station during
such calendar quarter, except for up to sixty (60) hours of NBC Prime Time
coverage of the 1996 Summer Olympics and each other Olympic Games covered by NBC
after 1998, multiplied by (b) the Station's Gross Additional Consideration per
Hour (as defined below). If NBC and the Station mutually agree that the Station
may broadcast an NBC Prime Time program in a time period other than Prime Time,
the Station's Additional Payment Amount shall also include an amount equal to
the product of (c) the number of hours of such program, multiplied by (d) the
Gross Additional Consideration per Hour, multiplied by (e) a fraction whose,
numerator is the Matrix Percentage set forth in the Matrix attached as Exhibit A
hereto for the time period in which the program is broadcast by the Station (or,
if there is no Matrix Percentage for such time period, such percentage as the
parties may agree upon prior to the broadcast) and whose denominator is 30
percent.

      2. The "Gross Additional Consideration per Hour" for each Station for each
year shall be calculated by dividing (a) the Cross Additional Consideration (as
defined below) for the Station for such year by (b) 1,144 hours less the total
number of hours of Prime Time preemptions permitted to the Station for such year
pursuant to Paragraphs 4(b) and (c) of the Agreement.

      3. The "Gross Additional Consideration" for KRON for 1995 shall be the
difference between (a) $7,250,000 and (b) the amount of regular network
compensation, net of the Waiver Amount (as set forth in Paragraph 5(f) of the
Agreement), that would be payable to Chronicle if calculated on the basis of the
applicable Hourly Rates as provided in Paragraph 5(a) of the Agreement and
KRON's agreed clearance levels of NBC programming for 1995, giving effect to
all preemptions permitted under Paragraphs 4(b) and (c) of the Agreement. The
Gross Additional Consideration for KRON for each year after 1995 shall be the
difference between (c) $8,150,000 and (d) the amount of regular network
compensation, net of the Waiver Amount, that would be payable to KRON if
calculated on the basis of the applicable Hourly Rates and KRON's agreed
clearance levels of NBC programming for such year, giving effect to all
preemptions permitted under Paragraphs 4(b) and (c) of the Agreement. (For 1996
and other years in which there are broadcasts of Olympic Games for which
compensation is not payable, to the extent that such broadcasts are in the time
periods that KRON is required to clear, such programs will be treated as if they
are compensable at the rates set forth in the Matrix for purposes of calculating
the amount of KRON's
<PAGE>

compensation pursuant to the foregoing clause (d) of this Paragraph 3.) The
estimated regular network compensation under clauses (b) and (d) above shall be
determined by the parties during the first two months of each calendar year
following the release of the Oakland A's baseball schedule and KRON's decision
as to the probable dates of the fifty-two (52) games to be broadcast. For
purposes of this Paragraph 3, each A's baseball game to be broadcast outside of
Prime Time shall be deemed to be three and one-half (3-1/2) hours in duration.
The Gross Additional Consideration for WOWT shall be $250,000 for 1995, and
$350,000 for each year after 1995.

      The Additional Payment Amount for each Station shall be paid to Chronicle
quarterly at the time regular network compensation is a payable.
<PAGE>

                         [LETTERHEAD OF NBC TV NETWORK]

                                                                December 6, 1994

The Chronicle Publishing Company
Attention: John B. Sias
901 Mission Street
San Francisco, California 94103

Gentlemen:

      Reference is herein made to that certain Term Sheet for KRON-TV and
WOWT-TV (the "Term Sheet"), executed and delivered on this date by The Chronicle
Publishing Company ("Chronicle") and the NBC Television Network ("NBC") and to
the Agreement contemplated by Paragraph 13 thereof (the "Agreement"). This
letter agreement is a binding obligation of the parties hereto that is separate
from, and independent of, the Term Sheet and Agreement.

      In consideration of Chronicle's entering into this letter agreement and
the Term Sheet, and for other good and valuable consideration receipt of which
is hereby acknowledged, NBC agrees that, notwithstanding that any part of the
Term Sheet or the Agreement may be determined at any time to be illegal,
invalid, void, voidable or otherwise unenforceable, NBC shall continue to make
all payments of Compensation and Additional Payment Amounts (as those terms are
used or defined in the Term Sheet) attributable to KRON, determined in the same
manner as under the Term Sheet, for so long as KRON continues to broadcast NBC
programming as provided in the Term Sheet, or for the balance of the term
specified in Paragraph 1 of the Term Sheet if NBC prevents such continued
broadcast by KRON on the basis of any such determination, and shall continue to
make all payments of Compensation and Additional Payment Amounts attributable to
WOWT, determined in the same manner as under the Term Sheet, for so long as WOWT
continues to broadcast NBC programming as provided in the Term Sheet, or for the
balance of the term of the Term Sheet if NBC prevents such continued broadcast
by WOWT on the basis of any such determination.
<PAGE>

      If the foregoing correctly reflects your understanding of this matter,
please confirm by dating, signing and returning to me the enclosed copy of this
letter agreement.

                                                Sincerely,

                                                NBC TELEVISION NETWORK

                                                By /s/ [ILLEGIBLE]
                                                   -----------------------------

CONFIRMED this 6th day of December 1994

THE CHRONICLE PUBLISHING COMPANY,
a Nevada corporation

By /s/ John B. Sias
   ----------------------------------<PAGE>

                                                                EXHIBIT 10.16(c)

                            SECOND AMENDMENT TO LEASE

      SECOND AMENDMENT TO LEASE dated the 25 day of May, 1999 (this "Second
Amendment") by and between LEXREAL ASSOCIATES LIMITED PARTNERSHIP, a New York
limited partnership, as Landlord ("Landlord") and YOUNG BROADCASTING, INC., a
Delaware corporation, as Tenant ("Tenant").

                              W I T N E S S E T H:

                              Preliminary Statement

      WHEREAS, by Lease dated March 29, 1990 (the "Original Lease"), Tenant
leased from Lexreal Associates, Landlord's predecessor-in-interest, certain
premises (the "Initial Premises") consisting of the entire rentable area of the
forty-seventh (47th) floor of the building known as 599 Lexington Avenue, New
York, New York 10022 (the "Building"); and

      WHEREAS, by First Amendment to Lease dated January 14, 1997 (the "First
Amendment"; the Original Lease as amended by the First Amendment is hereinafter
referred to as the "Lease"), Tenant leased from Lexreal Associates certain
additional premises (the "First Additional Premises") consisting of a portion of
the rentable area of the twenty-second (22nd) floor of the Building; and

      WHEREAS, the Lease Term with respect to the Initial Premises is scheduled
to expire on September 30, 2000, and the Lease Term with respect to the First
Additional Premises is scheduled to expire on June 30, 2002.

      WHEREAS, Landlord and Tenant desire to extend the Lease Term solely with
respect to the Initial Premises and otherwise modify the Lease upon the terms
and conditions set forth herein.

      NOW THEREFORE, in consideration of Ten Dollars ($10.00) and other good and
valuable consideration the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant confirm and agree as follows:

      1. LEASE TERM WITH RESPECT TO THE INITIAL PREMISES. The Expiration Date of
the Lease Term solely with respect to the Initial Premises is hereby amended to
be May 31, 2009.

      2. RENT; BASE TAXES; BASE OPERATING EXPENSES.

            (a) Annual Fixed Rent. "Exhibit J" to the Lease is amended by
substituting in lieu thereof a new "Exhibit J" as attached hereto.
<PAGE>

            (b) Base Taxes and Base Operating Expenses. Effective as of June 1,
1999, the Lease is amended such that, solely with respect to the Initial
Premises:

                  (i)   Base Taxes shall mean actual Taxes for the Tax Year
                        commencing on July 1, 1999 and ending on June 30, 2000.

                  (ii)  Base Operating Expenses shall mean one-half of the sum
                        of (A) the actual Operating Expenses for the Operating
                        Year commencing on January 1, 1999 and ending on
                        December 31, 1999 and (B) the actual Operating Expenses
                        for the Operating Year commencing on January 1, 2000 and
                        ending on December 31, 2000.

            Tenant shall continue to pay Tenant's Share of Taxes and Operating
Expenses with respect to the First Additional Premises in accordance with the
terms of the First Amendment.

      3. BROKERS.

            (a) Tenant warrants and represents that Tenant has not dealt with
any broker in connection with the consummation of this Second Amendment other
than GVA Williams Real Estate Co., Inc. (the "Broker"); and in the event any
claim is made against Landlord by any other broker or agent alleging dealings
with Tenant, Tenant shall defend Landlord against such claim, using counsel
approved by Landlord, such approval not to be unreasonably withheld, and save
harmless and indemnify Landlord on account of any loss, cost, damage and expense
(including, without limitation, attorneys' fees and disbursements) which may be
suffered or incurred by Landlord by reason of such claim.

            (b) Landlord warrants and represents that Landlord has not dealt
with any broker in connection with the consummation of this Second Amendment
other than the Broker; and in the event any claim is made against Tenant by any
other broker or agent alleging dealings with Landlord, Landlord shall defend
Tenant against such claim, using counsel approved by Tenant, such approval not
to be unreasonably withheld, and save harmless and indemnify Tenant on account
of any loss, cost, damage and expense (including, without limitation, attorneys'
fees and disbursements) which may be suffered or incurred by Tenant by reason of
such claim.

            (c) Landlord agrees that it shall be solely responsible for the
payment of any brokerage commission or fee which may be due to the Broker
pursuant to a separate agreement between Landlord and the Broker. Tenant
acknowledges that, pursuant to such separate agreement, the Broker shall be
entitled to additional commissions in connection with the extension or renewal
of the Lease Term and/or the leasing by Tenant of any additional space in the
Building. Tenant covenants that, in the event any claim is made against Landlord
by any broker or agent alleging dealings with Tenant in connection with the
extension or renewal of the

                                       2
<PAGE>

Lease Term and/or the leasing by Tenant of any additional space in the Building
(other than the Broker and, solely to the extent of its involvement in
connection with the original lease transaction, Edward S. Company, Inc.), Tenant
shall defend Landlord against such claim, using counsel approved by Landlord,
such approval not to be unreasonably withheld, and save harmless and indemnify
Landlord on account of any loss, cost, damage and expense (including, without
limitation, attorneys' fees and disbursements) which may be suffered or incurred
by Landlord by reason of such claim.

      4. RETURN OF SECURITY DEPOSIT. Provided that no Event of Default (or any
state of facts which, with the giving of notice or the passage of time, would
constitute an Event of Default) shall then exist, effective as of June 1, 1999,
Section 20.22 of the Lease (Security Deposit) shall be deemed to be deleted, and
within thirty (30) days thereafter Landlord shall return the Security Deposit to
Tenant.

      5. OPTION TO EXTEND. Landlord and Tenant confirm and agree that Article 21
of the Lease (Option to Extend) shall continue in full force and effect solely
with respect to the Initial Premises, modified as follows:

                  (i)   In the second sentence of Section 21.2, the phrase "the
                        one hundred twenty-fourth (124th) monthly anniversary of
                        the Commencement Date" is hereby deleted and replaced
                        with "the commencement of the Extended Term."

                  (ii)  In the next to last sentence of Section 21.2, the phrase
                        "the last day of the initial Lease Term" is hereby
                        deleted and replaced with "May 31, 2009."

      6. FIRST RIGHT TO LEASE; CERTAIN OTHER SPACE.

            (a) Landlord and Tenant confirm and agree that Article 22 of the
Lease (First Right to Lease) shall continue in full force and effect throughout
the Lease Term as extended by this Second Amendment, modified as follows:

                  (i)   In the first paragraph, the third sentence is hereby
                        deleted and replaced with the following: "Annual Fixed
                        Rent and Additional Rent with respect to any such
                        Offered Space shall be as set forth in such offer."

                  (ii)  The second paragraph is hereby deleted and replaced with
                        the following: "For purposes of the first sentence of
                        this Article 22, the term "lease" shall not include any
                        lease entered into prior to June 1, 1999 for any portion
                        of the First Refusal Space, any leasing

                                       3
<PAGE>

                        pursuant to any option, commitment or right of first
                        refusal held by another tenant to expand the premises
                        occupied by such other tenant, or the renewal or
                        extension of an expiring lease with a then existing
                        tenant. Any commitment from Landlord to Tenant to make
                        Offered Space available shall impose no liability on
                        Landlord if the then occupant thereof wrongfully fails
                        to deliver possession at the time when its tenancy is
                        scheduled to expire, but if delivery or possession of
                        the Offered Space to which Tenant's rights of first
                        refusal applies and as to which such right has been
                        exercised, is delayed for more than one hundred twenty
                        (120) days following the date when the same was to have
                        been made available to Tenant, Tenant shall have the
                        right, within ten (10) days after the expiration of such
                        120-day period, to terminate Tenant's obligations in
                        respect of such Offered Space, but not otherwise with
                        respect to the Premises."

            (b) Landlord shall use reasonable efforts to keep Tenant apprised of
other space in the Building consisting of approximately 2,000 to 7,600 rentable
square feet which may become available for lease prior to June 30, 2002. The
foregoing sentence shall not be construed to grant Tenant any rights to any such
space and Landlord's failure to keep Tenant so apprised shall not be deemed to
be a default of Landlord or to subject Landlord to any liability.

      7. MISCELLANEOUS. Promptly after the date of this Second Amendment,
Landlord shall, at Landlord's sole cost and expense, take commercially
reasonable action to reduce the sound volume and vibration of the Building
systems affecting portions of the Initial Premises to a reasonable standard,
including without limitation, the following action as identified by Landlord's
consultant: (a) replacement of spring isolators in roof machine room floating
bases and pipe hangers; (b) isolation of areas of piping within the local (47th
floor) air-conditioning room with a sound-proofing material; and (c)
improvements to roof mechanical room walls and insulation to mitigate noise
transmitted through slab edge fire stopping.

      8. ANTENNA. Landlord and Tenant acknowledge that Tenant has installed a
satellite dish on the roof the Building. Landlord agrees that such satellite
dish may remain subject to the terms and conditions set forth in new Article 23
attached hereto, which Article 23 is hereby added to the Lease, and that, to
Landlord's knowledge, such satellite dish is currently in compliance with said
Article 23.

      9. DEFINITIONS. All capitalized terms used herein shall have the same
meaning as set forth in the Lease unless specifically otherwise provided herein.

                                       4
<PAGE>

      10. EFFECT OF AMENDMENT. Except as set forth herein, the Lease shall
remain unchanged and in full force and effect. All references to the "Lease"
shall be deemed to be references to the Lease as amended by this Second
Amendment.

      EXECUTED in one or more counterparts by persons or officers hereunto duly
authorized as of the date and year first above written.

                               LANDLORD:

                               LEXREAL ASSOCIATES LIMITED PARTNERSHIP

                               By: Boston Properties, LLC, its General Partner

                                   By: Boston Properties Limited Partnership,
                                       its Manager

                                       By: Boston Properties, Inc.,
                                           its General Partner

                                           By: /s/ Robert E. Selsam
                                               ---------------------------------
                                                   Robert E. Selsam
                                                   Senior Vice President

                               TENANT:

                               YOUNG BROADCASTING, INC.

                               By: /s/ James A. Morgan
                                   -----------------------
                               Name: James A. Morgan
                               Title: Exec. V.P./CFO

                                       5
<PAGE>

                                    EXHIBIT J

                          SCHEDULE OF ANNUAL FIXED RENT

               (As amended pursuant to Second Amendment to Lease)

INITIAL PREMISES

(a)   From the end of the period provided for in Section 5.5 subpart (a) of the
      Lease through the day preceding the fifth (5th) anniversary of the
      Commencement Date, an Annual Fixed Rent of Four Hundred Thirty-Three
      Thousand Two Hundred and no/100 Dollars ($433,200.00); and

(b)   From the fifth (5th) anniversary of the Commencement Date through May 31,
      1999, an Annual Fixed Rent of Four Hundred Sixty-Three Thousand Six
      Hundred and no/100 Dollars ($463,600.00); and

(c)   From June 1, 1999 through May 31, 2004, an Annual Fixed Rent of Four
      Hundred Eighty-Six Thousand Four Hundred and no/100 Dollars ($486,400.00);
      and

(d)   From June 1, 2004 through the Expiration Date, an Annual Fixed Rent of
      Five Hundred Thirty-Two Thousand and no/100 Dollars ($532,000.00).

FIRST ADDITIONAL PREMISES

      From the First Additional Premises Commencement Date through the First
      Additional Premises Expiration Date, an Annual Fixed Rent of Seventy-Seven
      Thousand Eight Hundred Forty and no/100 Dollars ($77,840.00).

                                       J-1
<PAGE>

                                   ARTICLE 23

                                     ANTENNA

      23.1 RIGHT TO INSTALL ANTENNA. (a) Landlord understands that during the
Term Tenant may require communication services in connection with the operation
of Tenant's business which would necessitate the construction, installation,
operation and use by Tenant of a communication antenna, microwave and/or
satellite dish, together with related equipment, mountings and supports
(collectively, the "Antenna") on the roof of the Building. Subject to the rights
of other tenants in the Building, Landlord shall make available to Tenant, for
Tenant's own use (and not for resale purposes) sufficient (as reasonably
determined by Landlord) space on the roof of the Building for the Antenna at a
location designated by Landlord. Tenant's use of the roof of the Building shall
be on a non-exclusive basis. In connection therewith, and subject to the rights
of other tenants in the Building, Landlord shall make available to Tenant access
to the roof for the construction, installation, maintenance, repair, operation
and use of the Antenna, as well as reasonable space in the Building to run
electrical and telecommunications conduits from the Antenna to the Premises. The
installation of the Antenna shall constitute an Alteration and shall be
performed at Tenant's sole cost and expense (including without limitation, any
costs and expenses in connection with reinforcing the roof of the Building, if
required) in accordance with and subject to the provisions of Article 8 hereof.
All of the provisions of this Lease with respect to Tenant's obligations
hereunder shall apply to the installation, use and maintenance of the Antenna,
including, without limitation, provisions relating to compliance with legal and
insurance requirements, insurance, indemnity, repairs and maintenance. The
license granted to Tenant in this Article 23 shall not be assignable by Tenant
separate and apart from this Lease. The Antenna shall be treated for all
purposes of this Lease as if the same were Tenant's Property.

            (b) Tenant shall use and maintain the Antenna so as not to cause any
interference to other tenants in the Building or damage to or interference with
the operation of the Building or Building systems. At the end of the Lease Term
or at such earlier time as Tenant may elect to remove the Antenna, Tenant shall
repair all damage to the Building caused by removal of the Antenna. If Tenant
removes the Antenna prior to the expiration of the Lease Term and does not
commence replacement of the same within sixty (60) days thereafter, Tenant shall
have no further right to install any Antenna and the provisions of this Article
23 shall be void.

            (c) Tenant, at Tenant's sole cost and expense, shall paint and
maintain the Antenna in white or such other color as Landlord shall determine
and shall install such lightning rods or air terminals on or about the Antenna
as Landlord may reasonably require.
<PAGE>

      23.2 DISCONTINUANCE/RELOCATION. If any of the conditions set forth in this
Article 23 are not complied with by Tenant, then, without limiting Landlord's
rights and remedies Landlord may otherwise have under this Lease, Tenant, upon
written notice from Landlord, at Landlord's option, shall either (i) immediately
discontinue its use of the Antenna and remove the same or (ii) reposition the
Antenna to a location designated by Landlord if Landlord elects to permit such
repositioning, all at Tenant's sole cost and expense. Notwithstanding the
foregoing, Landlord may at its option, at any time during the Term after
reasonable prior notice to Tenant (except in the event of an emergency) relocate
the Antenna to another area on the roof designated by Landlord at Tenant's sole
cost and expense.

      23.3 LICENSE. Tenant shall promptly pay any tax, license, permit or other
fees or charges imposed pursuant to any legal or insurance requirements relating
to the installation, maintenance or use of the Antenna. Tenant acknowledges and
agrees that the privileges granted Tenant under this Article 23 shall merely
constitute a license and shall not, now or at any time after the installation of
the Antenna, be deemed to grant Tenant a leasehold or other real property
interest in the Building or an portion thereof. The license granted to Tenant in
this Article 23 shall automatically terminate and expire upon the expiration or
earlier termination of this Lease and the termination of such license shall be
self-operative and no further instrument shall be required to effect such
termination.

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