Document:

EXHIBIT 10.25

                                                 April 25, 2006

Media & Entertainment Holdings, Inc.
4429 Edmondson Avenue
Dallas, Texas 75205

Ladenburg Thalmann & Co. Inc.
590 Madison Avenue, 34th Floor
New York, New York 10022

               -------------- ------------------------

                Re:            INITIAL PUBLIC OFFERING
               -------------- ------------------------

Gentlemen:

                The undersigned stockholder,  officer and/or director of Media &
Entertainment Holdings, Inc. ("Company"), in consideration of Ladenburg Thalmann
& Co. Inc.  ("Ladenburg")  entering into a letter of intent ("Letter of Intent")
to  underwrite  an initial  public  offering  of the  securities  of the Company
("IPO") and  embarking on the IPO  process,  hereby  agrees as follows  (certain
capitalized terms used herein are defined in paragraph 11 hereof):

                1.      If the Company solicits  approval of its stockholders of
a Business  Combination,  the  undersigned  will vote all Insider Shares and IPO
Shares  owned by him in  accordance  with the  majority of the votes cast by the
holders of the IPO Shares,  other than  Insiders,  officers and directors of the
Company.

                2.      In the event  that the  Company  fails to  consummate  a
Business Combination within 18 months from the effective date ("Effective Date")
of the  registration  statement  relating  to the IPO (or 24  months  under  the
circumstances  described in the prospectus relating to the IPO), the undersigned
will take all  reasonable  actions  within  his power to cause  the  Company  to
liquidate as soon as reasonably  practicable.  The undersigned hereby waives any
and all right, title, interest or claim of any kind in or to any distribution of
the  Trust  Fund (as  defined  in the  Letter  of  Intent)  as a result  of such
liquidation  with respect to his Insider Shares  ("Claim") and hereby waives any
Claim the  undersigned may have in the future as a result of, or arising out of,
any contracts or agreements with the Company and will not seek recourse  against
the Trust Fund for any reason  whatsoever.  The undersigned  agrees to indemnify
and hold  harmless  the  Company  against any and all loss,  liability,  claims,
damage and expense whatsoever (including,  but not limited to, any and all legal
or other expenses reasonably  incurred in investigating,  preparing or defending
against any litigation,  whether pending or threatened, or any claim whatsoever)
which the Company may become subject as a result of any claim by any vendor that
is owed money by the Company for services  rendered or products sold but only to
the extent  necessary  to ensure  that such loss,  liability,  claim,  damage or
expense  does not reduce the amount in the Trust Fund (as  defined in the Letter
of Intent).
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 2

                3.      In order to  minimize  potential  conflicts  of interest
which may arise from multiple affiliations, the undersigned agrees to present to
the Company for its consideration,  prior to presentation to any other person or
entity,  any suitable  opportunity to acquire an operating  business,  until the
earlier  of the  consummation  by the  Company of a  Business  Combination,  the
liquidation of the Company or until such time as the undersigned ceases to be an
officer  or  director  of the  Company,  subject to any  pre-existing  fiduciary
obligations the undersigned might have.

                4.      The undersigned acknowledges and agrees that the Company
will not consummate any Business  Combination  which involves a company which is
affiliated  with any of the Insiders  unless the Company obtains an opinion from
an independent  investment banking firm reasonably  acceptable to Ladenburg that
the business combination is fair to the Company's  stockholders from a financial
perspective.

                5.      Neither the undersigned, any member of the family of the
undersigned,  nor any Affiliate of the  undersigned  will be entitled to receive
and will not accept any compensation for services  rendered to the Company prior
to the consummation of the Business Combination; provided that commencing on the
Effective Date, Transmedia  Corporation  ("Related Party"),  shall be allowed to
charge the Company an allocable  share of Related Party's  overhead,  $7,500 per
month, to compensate it for certain  administrative,  technology and secretarial
services,  as well as the use of certain  limited office space in Dallas,  Texas
that it will provide to the Company.  Related  Party and the  undersigned  shall
also be entitled  to  reimbursement  from the  Company  for their  out-of-pocket
expenses  incurred  in  connection  with  seeking  and  consummating  a Business
Combination.

                6.      Neither the undersigned, any member of the family of the
undersigned,  or any Affiliate of the undersigned will be entitled to receive or
accept a finder's fee or any other  compensation  in the event the  undersigned,
any member of the family of the  undersigned or any Affiliate of the undersigned
originates a Business Combination.

                7.      The  undersigned  will escrow his Insider Shares for the
period   commencing  on  the  Effective  Date  and  ending  one  year  from  the
consummation of a business  combination,  subject to the terms of a Stock Escrow
Agreement  which the Company will enter into with the  undersigned and an escrow
agent acceptable to the Company.

                8.      The  undersigned  agrees to be a Director of the Company
until the earlier of the  consummation by the Company of a Business  Combination
or the liquidation of the Company.  The undersigned's  biographical  information
furnished to the Company and Ladenburg and attached  hereto as Exhibit A is true
and  accurate  in all  respects,  does not omit any  material  information  with
respect to the  undersigned's  background  and contains  all of the  information
required to be disclosed pursuant to Section 401 of Regulation S-K,  promulgated
under the Securities Act of 1933. The undersigned's  Questionnaire  furnished to
the Company and  Ladenburg  and annexed as Exhibit B hereto is true and accurate
in all respects. The undersigned represents and warrants that:

                                       2
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 3

                (a)     he is not subject to or a respondent in any legal action
for, any injunction, cease-and-desist order or order or stipulation to desist or
refrain from any act or practice  relating to the offering of  securities in any
jurisdiction;

                (b)     he has never been  convicted of or pleaded guilty to any
crime (i) involving any fraud or (ii) relating to any financial  transaction  or
handling of funds of another person,  or (iii) pertaining to any dealings in any
securities and he is not currently a defendant in any such criminal  proceeding;
and

                (c)     he has never been suspended or expelled from  membership
in any securities or commodities  exchange or association or had a securities or
commodities license or registration denied, suspended or revoked.

                9.      The  undersigned  has  full  right  and  power,  without
violating  any  agreement  by  which he is  bound,  to enter  into  this  letter
agreement and to serve as a Director of the Company.

                10.     The  undersigned  authorizes  any  employer,   financial
institution, or consumer credit reporting agency to release to Ladenburg and its
legal  representatives  or  agents  (including  any  investigative  search  firm
retained by Ladenburg)  any  information  they may have about the  undersigned's
background  and  finances  ("Information"),  purely  for  the  purposes  of  the
Company's IPO (and shall thereafter hold such information confidential). Neither
Ladenburg nor its agents shall be violating the  undersigned's  right of privacy
in any manner in requesting and obtaining the  Information  and the  undersigned
hereby  releases  them  from  liability  for  any  damage   whatsoever  in  that
connection.

                11.     As used herein, (i) a "Business  Combination" shall mean
an acquisition by merger,  capital stock exchange,  asset or stock  acquisition,
reorganization or otherwise,  of an operating  business selected by the Company;
(ii)  "Insiders"  shall mean all officers and directors who are  stockholders of
the Company  immediately prior to the IPO; (iii) "Insider Shares" shall mean all
of the shares of Common  Stock of the Company  owned by an Insider  prior to the
IPO; and (iv) "IPO  Shares"  shall mean the shares of Common Stock issued in the
Company's IPO.

                                       3
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 4

                12.     The  undersigned  hereby  waives  his right to  exercise
conversion  rights with respect to any Insider Shares and/or IPO Shares owned by
the  undersigned,  directly  or  indirectly,  and  agrees  that he will not seek
conversion  with respect to such Insider  Shares and/or IPO Shares in connection
with any vote to approve a Business  Combination  (as is more fully described in
the Company's Prospectus relating to its IPO).

                                                   /s/ Richard Weden
                                                   -----------------
                                                   Richard Weden

                                       4
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 5

                                    EXHIBIT A

RICHARD WEDEN has been a Director of our company since August 2005. Mr. Weden
was employed by American Express for over 35 years and most recently, from April
1995 to July 2004, served as Vice President and Director General of American
Express International Services in Moscow, Russia, where he was responsible for
the launch of American Express Business Travel and Card Business in Russia and
other former Soviet Union countries. Prior to that time, Mr. Weden served in
various executive capacities at American Express, including as Senior Vice
President, Travel Management Services, Latin America from 1994 to 1995, as
President and Senior Vice President, Travel Related Services, Mexico from 1989
to 1994, and as Senior Vice President & General Manager, Travel Related
Services, Asia, North Pacific and China from 1983 to 1989, after having served
in various other capacities at American Express since 1968. Mr. Weden has also
been actively involved in a number of international professional organizations,
including serving as the Chairman of the Board of the American Chamber of
Commerce in Russia from January 2002 to January 2004 and as a member of its
Executive Committee from January 1996 to January 2004, and as a board member of
the Anglo-American School of Moscow from September 2000 to May 2004, the Russian
National Orchestra from April 1995 to July 2004, and the United Way from January
1996 to June 2004. He also served on the Executive Board of the American Chamber
of Mexico from approximately January 1990 to December 1993.

                                       5EXHIBIT 10.26

                                                 April 25, 2006

Media & Entertainment Holdings, Inc.
4429 Edmondson Avenue
Dallas, Texas 75205

Ladenburg Thalmann & Co. Inc.
590 Madison Avenue, 34th Floor
New York, New York 10022

               -------------- ------------------------

                Re:            INITIAL PUBLIC OFFERING
               -------------- ------------------------

Gentlemen:

                The undersigned stockholder,  officer and/or director of Media &
Entertainment Holdings, Inc. ("Company"), in consideration of Ladenburg Thalmann
& Co. Inc.  ("Ladenburg")  entering into a letter of intent ("Letter of Intent")
to  underwrite  an initial  public  offering  of the  securities  of the Company
("IPO") and  embarking on the IPO  process,  hereby  agrees as follows  (certain
capitalized terms used herein are defined in paragraph 11 hereof):

                1.      If the Company solicits  approval of its stockholders of
a Business  Combination,  the  undersigned  will vote all Insider Shares and IPO
Shares  owned by him in  accordance  with the  majority of the votes cast by the
holders of the IPO Shares,  other than  Insiders,  officers and directors of the
Company.

                2.      In the event  that the  Company  fails to  consummate  a
Business Combination within 18 months from the effective date ("Effective Date")
of the  registration  statement  relating  to the IPO (or 24  months  under  the
circumstances  described in the prospectus relating to the IPO), the undersigned
will take all  reasonable  actions  within  his power to cause  the  Company  to
liquidate as soon as reasonably  practicable.  The undersigned hereby waives any
and all right, title, interest or claim of any kind in or to any distribution of
the  Trust  Fund (as  defined  in the  Letter  of  Intent)  as a result  of such
liquidation  with respect to his Insider Shares  ("Claim") and hereby waives any
Claim the  undersigned may have in the future as a result of, or arising out of,
any contracts or agreements with the Company and will not seek recourse  against
the Trust Fund for any reason  whatsoever.  The undersigned  agrees to indemnify
and hold  harmless  the  Company  against any and all loss,  liability,  claims,
damage and expense whatsoever (including,  but not limited to, any and all legal
or other expenses reasonably  incurred in investigating,  preparing or defending
against any litigation,  whether pending or threatened, or any claim whatsoever)
which the Company may become subject as a result of any claim by any vendor that
is owed money by the Company for services  rendered or products sold but only to
the extent  necessary  to ensure  that such loss,  liability,  claim,  damage or
expense  does not reduce the amount in the Trust Fund (as  defined in the Letter
of Intent).

<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 2

                3.      In order to  minimize  potential  conflicts  of interest
which may arise from multiple affiliations, the undersigned agrees to present to
the Company for its consideration,  prior to presentation to any other person or
entity,  any suitable  opportunity to acquire an operating  business,  until the
earlier  of the  consummation  by the  Company of a  Business  Combination,  the
liquidation of the Company or until such time as the undersigned ceases to be an
officer  or  director  of the  Company,  subject to any  pre-existing  fiduciary
obligations the undersigned might have.

                4.      The undersigned acknowledges and agrees that the Company
will not consummate any Business  Combination  which involves a company which is
affiliated  with any of the Insiders  unless the Company obtains an opinion from
an independent  investment banking firm reasonably  acceptable to Ladenburg that
the business combination is fair to the Company's  stockholders from a financial
perspective.

                5.      Neither the undersigned, any member of the family of the
undersigned,  nor any Affiliate of the  undersigned  will be entitled to receive
and will not accept any compensation for services  rendered to the Company prior
to the consummation of the Business Combination; provided that commencing on the
Effective Date, Transmedia  Corporation  ("Related Party"),  shall be allowed to
charge the Company an allocable  share of Related Party's  overhead,  $7,500 per
month, to compensate it for certain  administrative,  technology and secretarial
services,  as well as the use of certain  limited office space in Dallas,  Texas
that it will provide to the Company.  Related  Party and the  undersigned  shall
also be entitled  to  reimbursement  from the  Company  for their  out-of-pocket
expenses  incurred  in  connection  with  seeking  and  consummating  a Business
Combination.

                6.      Neither the undersigned, any member of the family of the
undersigned,  or any Affiliate of the undersigned will be entitled to receive or
accept a finder's fee or any other  compensation  in the event the  undersigned,
any member of the family of the  undersigned or any Affiliate of the undersigned
originates a Business Combination.

                7.      The  undersigned  will escrow his Insider Shares for the
period   commencing  on  the  Effective  Date  and  ending  one  year  from  the
consummation of a business  combination,  subject to the terms of a Stock Escrow
Agreement  which the Company will enter into with the  undersigned and an escrow
agent acceptable to the Company.

                8.      The  undersigned  agrees to be a Director of the Company
until the earlier of the  consummation by the Company of a Business  Combination
or the liquidation of the Company.  The undersigned's  biographical  information
furnished to the Company and Ladenburg and attached  hereto as Exhibit A is true
and  accurate  in all  respects,  does not omit any  material  information  with
respect to the  undersigned's  background  and contains  all of the  information
required to be disclosed pursuant to Section 401 of Regulation S-K,  promulgated
under the Securities Act of 1933. The undersigned's  Questionnaire  furnished to
the Company and  Ladenburg  and annexed as Exhibit B hereto is true and accurate
in all respects. The undersigned represents and warrants that:

                                       2
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 3

                (a)     he is not subject to or a respondent in any legal action
for, any injunction, cease-and-desist order or order or stipulation to desist or
refrain from any act or practice  relating to the offering of  securities in any
jurisdiction;

                (b)     he has never been  convicted of or pleaded guilty to any
crime (i) involving any fraud or (ii) relating to any financial  transaction  or
handling of funds of another person,  or (iii) pertaining to any dealings in any
securities and he is not currently a defendant in any such criminal  proceeding;
and

                (c)     he has never been suspended or expelled from  membership
in any securities or commodities  exchange or association or had a securities or
commodities license or registration denied, suspended or revoked.

                9.      The  undersigned  has  full  right  and  power,  without
violating  any  agreement  by  which he is  bound,  to enter  into  this  letter
agreement and to serve as a Director of the Company.

                10.     The  undersigned  authorizes  any  employer,   financial
institution, or consumer credit reporting agency to release to Ladenburg and its
legal  representatives  or  agents  (including  any  investigative  search  firm
retained by Ladenburg)  any  information  they may have about the  undersigned's
background  and  finances  ("Information"),  purely  for  the  purposes  of  the
Company's IPO (and shall thereafter hold such information confidential). Neither
Ladenburg nor its agents shall be violating the  undersigned's  right of privacy
in any manner in requesting and obtaining the  Information  and the  undersigned
hereby  releases  them  from  liability  for  any  damage   whatsoever  in  that
connection.

               11. As used herein,  (i) a "Business  Combination"  shall mean an
acquisition  by merger,  capital  stock  exchange,  asset or stock  acquisition,
reorganization or otherwise,  of an operating  business selected by the Company;
(ii)  "Insiders"  shall mean all officers and directors who are  stockholders of
the Company  immediately prior to the IPO; (iii) "Insider Shares" shall mean all
of the shares of Common  Stock of the Company  owned by an Insider  prior to the
IPO; and (iv) "IPO  Shares"  shall mean the shares of Common Stock issued in the
Company's IPO.

                                       3
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 4

                12.     The  undersigned  hereby  waives  his right to  exercise
conversion  rights with respect to any Insider Shares and/or IPO Shares owned by
the  undersigned,  directly  or  indirectly,  and  agrees  that he will not seek
conversion  with respect to such Insider  Shares and/or IPO Shares in connection
with any vote to approve a Business  Combination  (as is more fully described in
the Company's Prospectus relating to its IPO).

                                                   /s/ Edward T. Reilly
                                                   --------------------
                                                   Edward T. Reilly

                                       4
<PAGE>

Media & Entertainment Holdings, Inc.
Ladenburg Thalmann & Co. Inc.
April 25, 2006
Page 5

                                    EXHIBIT A

EDWARD T. REILLY has been a Director of our company since ________ 2006. Since
2001, Mr. Reilly has been the President and Chief Executive Officer of the
American Management Association, the world's leading not-for-profit,
membership-based management development, research and publishing organization.
Prior to that time, Mr. Reilly served as President and Chief Executive Officer
of Big Flower Holdings, Inc. (now Vertis, Inc.), a leading provider of
integrated marketing and advertising services. Prior to joining Big Flower
Holdings, Mr. Reilly spent nearly 30 years with the broadcast and book
publishing groups of The McGraw-Hill Companies, a publishing and communications
company, and served in numerous capacities, including: Editor-in-Chief of the
Accounting, Computing and Data Processing Department of Gregg Community College
Division; Chief Financial Officer of the California Test Bureau; General Manager
of the Instructo Corporation; Group Vice President for Europe, Africa and the
Middle East; Group Vice President for McGraw-Hill Training Systems; and
Executive Vice President in charge of McGraw-Hill International Book Company. In
1987, Mr. Reilly became the President of The McGraw-Hill Broadcasting Company,
and during that time served on the boards of the Television Bureau of
Advertising, the National Association of Broadcasters, and as Chairman of the
Association for Maximum Service Television. He also served as a past Chairman of
The Advertising Counsel, the world leader in public service advertising.
Presently, Mr. Reilly serves on the USO Worldwide Board of Governors and is a
member of the Board of Directors of the New York Society of Association
Executives. He is the U.S. Chairman of the Unites States chapter of the Royal
Society of the Arts. Mr. Reilly was also a member of the Board of Directors of
iVillage Inc., a leading Internet portal specializing in women's issues, and is
a member of its the Audit Committee and is Chairman of its Compensation
Committee, and has recently been elected to the Board of AARP Services, Inc., a
for-profit operating arm of The American Association of Retired Persons.

                                       5

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