Document:

exv10w39

Exhibit 10.39

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****] Radio
Station License Agreement to Receive and Use Arbitron PPMTM Data and Estimates THIS AGREEMENT is
between Arbitron Inc., a Delaware corporation ( “ Arbitron”), and the undersigned radio broadcaster
(“Station”), a Nevada c orporation. Arbitron hereby grants to Station, for the radio station(s)
listed below, a personal, nontransferable, nonexclusive, limited license to receive and use
Arbitron data and audience estimates (“Arbitron Data” or “Data” or “PPM Data”) contained in
Arbitron’s reports for the survey(s) and for the geographic area (“Market”) described in Section 1.
Such Arbitron Data may be furnished to Station in printed, electronic or other form (“Reports”),
at Arbitron’s option, but title t h ereto shall remain with Arbitron at all times. Arbitron hereby
grants t o Station, for the radio station(s) listed below, a personal, nontransferable,
nonexclusive, limited license to receive and use the computer programs designated on the Agreement
Attachments ( “ Systems”). Such Agreement Attachments are hereby incorporated by e r ference as if
fully set forth herein. Title to the Systems shall remain with Arbitron, or its third party
application provider, as the case may be, at all times. Collectively the Data, Reports, and/or
Systems may be r e ferred to as “Services”. As further consideration for the use of the Data and/or
Systems, Licensee agrees to encode its audio-based and/or audio/video-based media content as set
forth in a separate encoding agreement. 1. Services Provided; Term: This Agreement shall become
effective when countersigned by Arbitron’s Contract Manager and shall be for a period of * years *
months beginning and ending on the dates described below (the “Term”). This Agreement will continue
without regard to Station’s ownership of the radio station(s) licensed hereunder absent a valid
Assignment pursuant to Section 11 of this Agreement. Broadcaster (“Station”): Clear Channel
Communications, Inc. For use only by radio station(s): *See “Schedule A” Attachment Arbitron
Radio Geographic Area (“Market”): *See “Schedule A” Attachment Term begins *See “Sched A” ; ends
*See “Sched A” . Number of surveys currently provided during first Term year: * . Reports
currently licensed hereunder: January February March April May June July August September
October November December Holiday Survey First Report: *See “Schedule A” Attachment All
representations in this Section regarding number of surveys and Report titles are subject to
qualifications set forth in Section 6(a) herein. 2. Annual Rate: A License Charge in the form of a
Net Annual Rate for each year of the Term, which may be subject to adjustments and discounts
pursuant to Sections 3, 4, 6 and 11 of this Agreement, shall be paid by Station, with t h e first
of * payments (the “Periodic Charge” or “Charge”) due on *See “Sched A” Attach . The Gross
Annual Rate for the first Term year is *See Sched A . $        Date of Proposal: November 18, 2010 For
each succeeding Term year, the Gross Annual Rate shall be the Gross Annual Rate for the previous
Term year increased by a factor of *See “Schedule A” Attachment percent. Any applicable discounts
or other adjustments will be applied h t ereafter to the Gross Annual Rate so derived. Arbitron
shall have h t e right to readjust the Gross Annual Rate based on the then-current diary rate at
the time of commercialization of Data and/or Reports and/or Systems. 3. Discounts: (a) Continuous
Service Discount: A discount of ten percent (10%) in calculating the Periodic Charge shall
be
allowed for each month in excess of twelve (12) consecutive months that Station is continuously
licensed to use the Arbitron Data for this Market, provided that such discount shall no longer
apply if Station fails to sign and return this Agreement to Arbitron within forty-five (45) days
after termination of a prior “Station License Agreement to Receive and Use Arbitron Listening
Estimates”, or individual market(s) licensed under such prior agreement, or this Agreement. (b)
Group Discount: If Station owns two or more radio stations located i n different markets and such
radio stations are under common ownership as defined by Arbitron, Station may be entitled to a
Group Discount based on the number of subscribing radio stations owned at t h e time this Agreement
is executed, which discount may vary and be adjusted during the Term of this Agreement in
accordance with Arbitron’s Group Discount Schedule should the number of subscribing commonly owned
radio stations change. (c) Long-Term Discount: A discount of [*****] in months 1-12, [*****] in
months 13-24, [*****] in months 25-36, [*****] in months 37-48, [*****] in months 49-60. shall
be allowed in calculating the Net Annual Rate charged during the applicable months. 4. Periodic
Charge; Taxes: The Periodic Charge, due and payable by Station on the first day of each billing
period, shall be: (a) t h e Gross Annual Rate plus any adjustments; (b) less any applicable
Continuous Service Discount; (c) less, from the amount thereby derived, any applicable Group
Discount; (d) less, from the amount t h ereby derived any applicable Long-Term Discount; (e) with
such amount prorated equally between the number of payments for the Term year. I n addition to and
together with the above payments, Station shall pay t o Arbitron any sales, excise, gross-receipts,
service, use or other taxes, however designated, now or hereafter imposed upon or required to be
collected by Arbitron by any authority having jurisdiction over the Market being surveyed or over
any location to which Station directs Arbitron to deliver Data, or by any other taxing
jurisdiction. 5. Late Payment Charge and Right to Suspend Report Delivery or Terminate License:
(a) A late payment charge of one and one-half percent (1.5%) per month will be charged on all
Periodic Charges, as adjusted, which are not paid within 60 days after due hereunder, but in no
event will the applicable per-month late payment charge exceed one-twelfth of the maximum annual
percentage allowed to be charged by applicable state usury law. Any failure to impose a late
payment charge shall not prejudice Arbitron’s right to do so should the default continue or should
a subsequent payment not be made when due.

 

 

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]
b ( ) In the event Station is in default in its payment obligations hereunder, and in addition
to Arbitron’s right to impose a late payment charge, Arbitron may, with respect to this Agreement
and/or any other agreement for Station’s use of services licensed by Arbitron in this Market or an
adjacent market, and without terminating, breaching or committing a default under this Agreement or
such other agreements: ( i ) accelerate or modify in any way the payment schedule of Periodic
Charges for the duration of this Agreement or such other agreement(s) t o a number of installments
to be determined by Arbitron in its discretion; and/or (ii) suspend delivery to Station of any Data
or Report(s), in any form, which are due until such time as Station is current in its payments of
all sums due; and/or (iii) send Station written notice that Station’s license hereunder is
suspended, in which case Station further expressly agrees that it thereafter shall not use Data
and/or Reports and/or Systems previously received by Station until such time as Station becomes
current n i its payments of all sums due for services licensed by Arbitron. Acceleration by
Arbitron under t h is provision shall not be deemed or considered a penalty but rather e r presents
a good faith effort to quantify the harm that is reasonably r e lated at the time of execution of
the contract to Station’s failure to pay the License Charges for the entire term, as due under this
Agreement. ( c ) In the event Station is in default in its payment obligations under t h is
Agreement or under any other agreement for Station’s use of services licensed by Arbitron in this
Market or an adjacent market, t h en Arbitron may exercise any or all of its rights set forth in
Section 5(b) of this Section 5 with respect to any such agreement entered into with Arbitron by
Station or any of Station’s affiliated, subsidiary or e r lated corporations or entities regardless
of whether such other agreements are in default. For purposes of this Section 5(c), a corporation
or entity shall be deemed to be affiliated with or related to Station if (i) such corporation or
entity owns or controls more than a i f fty percent (50%) interest in Station and/or it enters or
has entered i n to any management agreement, joint operating agreement or other business
relationship with Station; or (ii) Station owns or controls more than a fifty percent (50%)
interest in such corporation or entity and/or it enters or has entered into any management
agreement, joint operating agreement or other business relationship with such corporation or
entity; or (iii) a third party owns or controls more than a f i fty percent (50%) interest in,
and/or enters or has entered into, any management agreement, joint operating agreement or other
business r e lationship with both Station and such corporation or entity. ( d ) Arbitron’s
suspension hereunder of delivery of Data and/or Reports o t Station, and of this License, shall not
relieve Station of any of its obligations hereunder. Station further agrees to reimburse Arbitron
for all collection costs and expenses (including reasonable attorneys’ fees) i n curred hereunder.
This license may be terminated immediately by Arbitron should Station or its station(s) default in
payment of any sum due or should Station or its station(s) default in any other condition or
obligation of this Agreement and/or any other agreement for Station’s use of services licensed by
Arbitron. 6. Changes in Service; Modification of Rates: ( a ) Arbitron
reserves the right to change at any time the geographical e t rritory comprising any Mark
et, its
policies and procedures, survey dates, survey length, survey frequency, sampling procedures,
delivery schedules, methodology, method of Data or Report collection or delivery, provision of
printed or electronic copies of Reports, Report content, Report titles, Report format, or any other
aspect of the Data, Reports, and/or Systems provided hereunder, and to cancel surveys and t h e
preparation of Arbitron Data and Reports or any other aspect of the Data services provided.
Arbitron reserves the right not to publish any Data or Reports whenever, in its judgment,
insufficient data are available to meet its minimum research standards or any event has jeopardized
the            reliability of the data. In the event that Data and/or Reports are not published,
Station shall receive a credit reflecting the pro rata value of t h e Net Annual Rate for said Data
and/or Report(s). Without limiting t h e foregoing, Station expressly understands and agrees that
Arbitron may, at any time during the Term of this Agreement, reduce the number of surveys conducted
and/or Reports published for any Market and consequently reduce the number of Reports provided to
Station and that, in the event such reduction occurs, Station is not relieved of any of its
obligations under this Agreement. (b) In the event that any cause(s) prevents Arbitron from
conducting any survey in accordance with its methodology, schedules or other publications, Arbitron
reserves the right to publish abbreviated Report(s). Station hereby consents to publication of such
abbreviated Report(s) under such circumstances. In the event that such an abbreviated Report covers
a substantially decreased geographic area, or deletes twenty-five percent (25%) or more of the
survey days from t h e aggregate number of days scheduled, Station shall be entitled to either a
proportionate credit for the abbreviated Report, or, upon written certification provided to
Arbitron within ten (10) days of receipt of such report, that all copies of such abbreviated report
have been destroyed and that Station will not use such abbreviated report, a f u ll credit for the
abbreviated Report, at Station’s option, provided however, that if Station elects to destroy an
abbreviated Report and receive full credit, Station shall no longer be licensed to use that Report
during the remainder of the Term of this Agreement. Further, Arbitron reserves the right in its
sole discretion to augment available data by means of expanded or extended samples and Station
agrees it shall not be entitled to any credit in such event. (c) Arbitron may increase the Gross
Annual Rate hereunder at any time. If Arbitron increases the Rate for a reason other than as
permitted elsewhere in this Agreement, it shall give prior written notice to Station. Station may,
within a 30-day period following such notice, cancel the unexpired Term of the Agreement for only
the Data and/or Reports and/or Services and Market for which Arbitron has n i creased its Rate
pursuant to such notice, by written notice pursuant o t Section 15(a), without cancellation charge
or other cost, effective on t h e date the new Gross Annual Rate would have become effective. In t
h e absence of such timely cancellation, this Agreement shall
continue and the new Gross Annual Rate shall become payable as stated in Arbitron’s notice and
thereafter. 7. Permitted Uses and Confidentiality: Subject to the restrictions stated
herein and to the permitted uses set forth in Arbitron’s publication entitled Working with
Arbitron’s Copyrighted Estimates available to all Arbitron licensees and posted on Arbitron’s Web
site at www.arbitron.com, Station agrees to limit its uses of the Arbitron Data and Report(s) to
its programming and media selling and o f r the purposes of internal business analysis. Station
understands and agrees that this use is limited exclusively to the radio station(s) specified in
Sect
ion 1 of this Agreement and only for the Term of this Agreement. In this connection, Station
agrees that the Arbitron Data and/or Report(s) will only be disclosed: (a) directly or
through its Station representatives to advertisers, prospective advertisers and their agencies for
the purpose of obtaining and retaining advertising accounts; and (b) through advertising or other
promotional literature as permitted hereunder. All such disclosures shall identify the Data as PPM
data and identify Arbitron as the source of the disclosed Arbitron PPM audience Data and/or
Report(s) and should identify the Market, survey period and y t pe of audience estimate, daypart
and survey area and shall state that t h e Arbitron Data and/or Report(s) quoted therein are
copyrighted by Arbitron and are subject to all limitations and qualifications disclosed / s /
MG/GS I n itials here

 

 

	i n the Data and/or Report(s) (“Sourcing”).*  At all times during the Term of this
Agreement and thereafter, Station agrees to keep the Arbitron Data and/or Report(s) and/or Services
confidential and not to disclose the same except as permitted by this Agreement. Station agrees to
use its best efforts to prevent the unauthorized disclosure of Arbitron Data and/or Report(s)
and/or Services by Station’s employees and/or its radio station(s)’s employees and agents, by its
radio station(s)’s representatives, by its advertisers and their advertising agencies, by data
processing firms, and by all other persons who obtain t h e Arbitron Data and/or Reports and/or
Services from Station or its r a dio station(s)’s employees or agents. For Station or its radio
station(s) to divulge any Arbitron Data and/or Report(s) and/or Services to a nonsubscribing
station or to lend and/or give an original copy or any reproduction of any part of any Data and/or
Report(s) and/or Services or any Arbitron Data and/or Reports and/or Services to any person or
entity not authorized by this Agreement constitutes a breach of this Agreement and an infringement
of Arbitron’s and/or its t h ird party data and/or service provider’s copyright. Station
acknowledges that all logos, trade names, trademarks or service marks and other such intellectual
property, are the sole and exclusive property of Arbitron and, where indicated, of other entities.
Station agrees it shall not use any such intellectual property without t h e express written
consent of its owner. I n the event that a Report listed in Section 1 of this Agreement is
delivered after the expiration of the Term of this Agreement, Station’s license to use that Report
shall continue under the terms and conditions of this Agreement until the earlier of: (i) the
release of the next survey Report in the applicable licensed Market, or (ii) six (6) months after
release of the Report. Station may authorize a third party to process the Data licensed hereunder
on Station’s behalf, provided: (1) that said third party is a t h en current Arbitron licensee in
good standing who is authorized to process the Data and (2) that all restrictions concerning the
use of the Data provided under this Agreement shall apply with full force and effect to any data,
estimates, reports or other output, in any form, containing or derived from the Data, produced by
said third party for Station. 8. Confidentiality of Arbitron Survey Participants:
Station agrees that it will not try either before, during or after a survey, or in connection
with any litigation, to determine or discover the identity or o l cation of any Arbitron survey
participant. Station will under no circumstances directly or indirectly attempt to contact any such
persons. Station agrees to promptly report to Arbitron any evidence or i nd ication that has come
to Station’s attention regarding the identity or o l cation of any such persons. Station agrees to
abide by Minimum Standard A9 (or any successor provision concerning confidentiality of survey
respondents) of the Media Rating Council and shall abide by any determination of the Media Rating
Council concerning survey participant confidentiality. Station further agrees that Arbitron may
enjoin any breach of the above-stated obligations and shall have the i r ght to damages or other
remedies (including costs, expenses and r ea sonable attorneys’ fees) available to it at law or
hereunder. 9. Methodology: ARBITRON MAKES NO WARRANTIES WHATSOE VER,
EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF ME RCHANTAB ILITY OR FITNESS,
CONCERNING THE SERVICE S PROVIDED HEREUNDER, INCLUDING BUT NOT LIMITED TO: (A) DATA
GATHERED OR OBTAINED BY ARBITRON FROM ANY SOURCE; (B) THE PRESENT OR FUTURE METHODOLOGY EMPLOYED BY
ARBITRON IN PRODUCING ARBITRON DATA AND/OR REPORT(S) AND/OR SERVICES; OR *S
tation(s) should refer to current regulation
s and guidelines of the federal government for further
requirements concerning the manner of quoting audience estimates. (C) THE ARBITRON
DATA AND/OR REPORT(S) AND/OR SERVICES LICENSED HEREUNDER. ALL ARBITRON DATA AND/OR REPORT(S)
REPRESENT ONLY THE OPINION OF ARBITRON. RELIANCE THEREON AND USE THEREOF BY STATION IS AT STATION’S
OWN RISK. THE PPM RATINGS ARE BASED ON AUDIENCE ESTIMATES AND ARE THE OPINION OF ARBITRON AND
SHOULD NOT BE RELIED ON FOR PRECISE ACCURACY OR PRECISE REPRESENTATIVENESS OF A DEMOGRAPHIC OR
RADIO MARKET. THE SYSTEMS PROVIDED HEREUNDER ARE PROVIDED TO STATION “AS IS — WHERE IS” AND
RELIANCE THEREON AND USE THEREOF BY STATION IS AT STATION’S OWN RISK. IN NO EVENT SHALL ARBITRON
BE LIABLE FOR THE FAILURE OF ANY THIRD PARTY TO PROVIDE ANY DATA OR SERVICES FOR USE IN CONNECTION
WITH THE DATA, REPORTS, SYSTEMS AND/OR SERVICES LICENSED HEREUNDER. 10. Liabilities and
Limitations of Remedies: THE SOLE AND EXCLUSIVE REME DY, AT LAW OR IN EQUITY, FOR ARBITRON’S
AND/OR ANY THIRD PARTY DATA AND/OR SERVICE PROVIDER’S BREACH OF ANY WARRANTY, EXPRESS OR IMPLIED,
INCLUDING WITHOUT LIMITATION ANY WARRANTY OF MERCHANTABILITY OR FITNESS, AND THE SOLE AND EXCLUSIVE
REMEDY FOR ARBITRON’S AND/OR ANY THIRD PARTY DATA AND/OR SERVICE PROVIDER’S LIABILITY OF ANY KIND,
INCLUDING WITHOUT LIMITATION LIABILITY FOR NEGLIGENCE OR DELAY WITH RESPECT TO THE ARBITRON DATA
AND/OR REPORTS AND/OR SE RVICES AND ALL PERFORMANCE PURSUANT TO THIS AGREEMENT, SHALL BE LIMITED TO
A CREDIT TO STATION OF AN AMOUNT EQUAL TO, AT THE MAXIMUM AMOUNT, THE LICENSE CHARGE PAID BY
STATION WHICH IS ATTRIBUTABLE TO THE MATERIALLY AFFECTED DATA OR REPORT OR SERVICES. IN NO EVENT
SHALL ARBITRON AND/OR ANY THIRD PARTY DATA AND/OR SERVICE PROVIDER BE LIABLE FOR SPECIAL, INCIDE
NTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, NOR SHALL THEY BE SUBJECT TO INJUNCTIVE RELIEF WITH
RESPECT TO THE PUBLICATION OF ANY DATA AND/OR REPORT AND/OR SERVICE. STAT ION UNDERSTANDS THAT THE
DATA AND/OR REPORTS AND/OR SERVICE E ITHER WOULD NOT BE PRE PARED OR WOULD BE AVAILABLE ONLY AT A
SUBSTANTIALLY INCREASED LICENSE CHARGE WERE IT NOT FOR THE LIMITATIONS OF LIABILITIE S AND REMEDIES
AS SET FORTH IN THIS SECTION. Station agrees that it will notify Arbitron in writing of
any alleged defect in any Data and/or Report and/or System within thirty (30) days after Station
learns of said alleged defect. In the event that Station does not timely notify Arbitron, then
Station waives all rights with regard to said alleged defect. Station further agrees that any
action to be brought by it concerning any Data and/or Report and/or System shall be brought not
more than one (1) year after such Data or Report was originally published by Arbitron. I n the
event that either party commences litigation against the other party and fails to ultimately
prevail on the merits of such litigation, the commencing party shall reimburse and indemnify the
other party from any and all costs and expenses incurred with respect to such litigation, n i
cluding reasonable attorneys’ fees, provided, however, that this sentence shall not apply where
Arbitron commences litigation pursuant t o Sections 5, 7 or 8 of this Agreement. This provision
shall survive h t e termination of this Agreement. 11. Assignments and
Changes in Station Status: Station may not assign either its rights or obligations under this
Agreement without h t e prior written consent of Arbitron. Subject to Arbitron’s consent, a
successor-in-interest by merger, operation of law, assignment, purchase or otherwise of the entire
business of Station shall acquire all rights and be subject to all obligations of Station
hereunder. In the event that Arbitron consents to the assignment of this Agreement, Arbitron
reserves the right to redetermine the rate to be charged to the assignee in accordance with the
terms of this Agreement. Arbitron shall be entitled to assign any of its rights or obligations
under this            s / / MG/GS
n I itials here

 

 

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]
Agreement, including the right to receive License Charges payable hereunder. Station
acknowledges and agrees that the License Charge due and the adjustments and discounts applied
hereunder are based on Station’s group ownership status and/or any joint operating agreement with
one or more other radio stations and/or Station’s ownership of radio stations in this Market or
other Markets. In the event Station conveys any one of its radio stations, Station remains fully
obligated for the License Charge specified for any radio station covered by the terms of t h is
Agreement. Station may only be released from such obligations upon valid assignment of this
Agreement and subject to the terms t h ereof. Station agrees that if at any time it changes or has
changed its ownership, operating or sales policy (including, but not limited to, the use of digital
subchannels and Internet streaming), frequency, broadcasting arrangements, group or business
relationships of the station(s) licensed under this Agreement, or if it enters or has entered i n
to any management or other business relationship with another radio station in any Market and/or
its adjacent Market(s), or if it enters or has entered into any joint operating agreement with one
or more other r a dio stations, or if it is or was purchased or controlled by an entity owning or
otherwise controlling other radio stations in any Market and/or its adjacent Market(s), or if it
purchases, or an entity which is i n any manner controlled by it purchases, at any time, another
radio station in any Market or its adjacent Market(s), Station and its radio station(s) will report
the change and the effective date thereof to Arbitron within twenty (20) days of such change. In
the event of such occurrence, Station agrees that such station(s) shall be licensed under t h is
Agreement and that Arbitron may redetermine the Gross Annual Rate for the Data, Reports, and/or
Services pursuant to the then current Arbitron rate card in order to license such additional
station(s), effective the first month following the date of the occurrence. Notwithstanding
Station’s failure to notify Arbitron, pursuant to the provisions of this Section 11, Arbitron may
redetermine Station’s Gross Annual Rate for all Data, Reports, and/or Services, based on the f o
regoing, effective the first month following the date of the occurrence. Station further agrees
that if the parent company or other controlling entity of Station, or any entity in any manner
related to Station, purchases or otherwise acquires a controlling interest in a radio station i n
Station’s Market that is not licensed by Arbitron for the same Data, Reports and/or Services, then
Arbitron may redetermine Station’s Gross Annual Rate based on such occurrence as described in this
Section 11. I n the event Arbitron increases Station’s Gross Annual Rate as a result of an
occurrence as described in this Section, then Arbitron shall amend this Agreement to permit use of
the Data, Reports and/or Services by the additional radio station(s) prompting the increase.
12. Other Arbitron Services and Reports: If, during the Term of this Agreement, Station
orders any Arbitron services or e r port(s) not licensed through any other Arbitron agreement,
Station hereby agrees that this Agreement shall be applicable with respect to all such services
and/or reports with the same force and effect as if printed out at length in a separate agreement
executed by Station. 13. Ratings Distortion Activity: ( a ) Station agrees that it
shall not engage in any activities which are determined by Arbitron to be ratings distortion. Such
prohibited activities may include, but are not lim
ited to, activities which could: (i) cause any
survey participant to misrepresent to Arbitron demographic composition of any member of the
household in which he or she resides; or (ii) cause any survey participant to surrender
control of his or her PPM meter to any party determined by Arbitron to be media-affiliated; or
(iii) constitute use of Arbitron’s encoded signal for purposes unauthorized by Arbitron; or (iv)
cause the identity of a PPM panelist to become known other than to Arbitron; or (v) could cause
participation in the survey by a media-affiliated individual (b) Station further agrees that
Arbitron may delete all estimates of listening to Station and/or its radio station(s) from any
Data, Reports, computer media and/or other Arbitron service or method of delivery where, in its
judgment it has deemed that Station or its radio station(s) has engaged in such activities.
Arbitron shall: (i) first give Station and its radio station(s) notice setting forth what
activities it deems Station and its radio station(s) have engaged in which allegedly could cause or
have caused ratings distortion; (ii) present evidence to substantiate the allegations set forth in
(i) above; and (iii) give Station and its radio station(s) reasonable opportunity (in light of
Arbitron’s publication schedule for any Report) to present its position both in writing and orally.
n I the event that Station or its radio station(s) is notified by Arbitron h t at allegations of
ratings distortion have been made against Station or its radio station(s), then Station or its
radio station(s) shall submit a written response to Arbitron’s inquiry concerning the allegations
within seven (7) days from the receipt of Arbitron’s notice, which time may be shortened by
Arbitron for reasons relating to the Report publication schedule. Arbitron shall then advise
Station or its radio station(s) of its decision following its receipt of Station’s or its radio
station(s)’ written response or oral presentation. All such writings shall be addressed and sent to
the respective party by facsimile, overnight courier service, or certified mail with return receipt
requested. In the event that estimates of listening to Station and/or its radio station(s) are
deleted from a Report(s) (and/or other Arbitron services) following the procedure set forth above,
Station and its radio station(s) agree that the only remedy for such deletion shall be a credit of
the License Charge paid by Station for such Report(s) or other affected services and that in no
event shall Arbitron be liable for special, incidental, consequential or punitive damages or be
subject to i n junctive relief with respect to any such deletion of estimates of listening to
Station and/or its radio station(s). In the event that estimates of listening to Station and/or its
radio stations are deleted r f om a Report pursuant to this Section, Arbitron agrees that it will
give Station and its radio station(s) an opportunity to submit to Arbitron a written statement (not
exceeding 200 words) of Station’s and/or its radio station(s)’s views concerning its alleged
activities, with such written statement to be published in the Report subject to such reasonable
editing deemed necessary by Arbitron. In addition, Station and its radio station(s) agree to abide
by the Arbitron policies and procedures governing various special station activities, including,
but not limited to, rating bias. 14. Information to be Provided by Station and Its Radio
Station(s): Station and its radio station(s) agree to provide to Arbitron, within ten (10) days
of receipt of Arbitron’s request, such n i formation which Arbitron deems necessary for the
publication of a Report, including, but not limited to, accurate descriptions of the o f llowing
information for Station and its radio station(s): (a) facilities; (b) broadcast station names; (c)
broadcast hours; (d) simulcast hours; (e) simulcast partners; (f) radio frequency; (g) o
perating
power; (h) f o rmat; (i) height of antenna above average terrain; (j) broadcasts by s / / MG/GS
n I itials here

 

 

	digital subchannels; (k) Internet streaming; and (l) programming i n formation. Station and its
radio station(s) further understand and agree to notify Arbitron of any changes to the
above-referenced n i formation. Station and its radio station(s) hereby hold Arbitron harmless and
agree to indemnify Arbitron from and against any and all l o ss, cost or expense (including
reasonable attorneys’ fees) arising out of any omission or error in information provided, or the
failure to provide such information to Arbitron by Station and its radio station(s) pursuant to
this Section. 15. General: a ( ) All notices to either party shall be in writing and
shall be directed t o the addresses stated hereafter unless written notice of an address change has
been provided. b ( ) This Agreement shall be deemed to be an agreement made under, and
to be construed and governed by, the laws of the State of New York, exclusive of its choice of law
rules. The parties expressly agree t h at any and all disputes arising out of or concerning this
Agreement or t h e Arbitron Data or Reports licensed hereunder shall be litigated and adjudicated
exclusively in State and/or Federal Courts located in either h t e State of New York or the State
of Maryland, at Arbitron’s option, and each party consents to and submits to both such
jurisdictions. ( c ) This Agreement, together with any Agreement Attachments, constitutes the
entire agreement between the parties concerning the subject matter hereof, notwithstanding any
previous discussions and understandings; and shall not be deemed to have been modified in whole or
in part except by written instruments signed hereafter by officers of the parties or other persons
to whom the parties have delegated such authority. ( d ) Any litigated question regarding the
legality, enforceability or validity of any section or part hereof shall not affect any other
section, and if any section or part hereof is ultimately determined illegal, n i valid,
unconstitutional or unenforceable, that section or part hereof shall be severed from this Agreement
and the balance of the Agreement shall thereafter remain in full force and effect for the e r
mainder of the Term. e ( ) Arbitron may terminate this Agreement on written notice to Station,
effective immediately, in the event that, for any reason, the Services contemplated hereunder are
not produced by Arbitron or if Arbitron ceases to produce such Services, without penalty and
without liability of any kind to Station. In the event of a termination by Arbitron as provided in
this paragraph, Station shall receive a pro-rata r e fund of any License Charges paid and for which
the corresponding Services were not delivered. ( f ) In addition to the rights of termination
stated elsewhere in this Agreement, this Agreement, and the license provided hereunder, may be
terminated by Arbitron for any or all of the Data, Reports and/or services in any or all of the
Markets in which they are licensed, for any r ea son, on thirty (30) days’ written notice to
Station. Station agrees h t at this Agreement shall continue for the markets and services not named
in such notice. ( g ) The provisions governing payment of taxes, confidentiality of the Data,
Reports, and Systems, limitation of liabilities, applicable law, waiver of jury trial, and
confidentiality of survey participants shall survive the termination of this Agreement. AGREED
TO: Clear Channel Communications, Inc. BROADCASTER (“STATION”) *See “Schedule A”
Attachment FOR USE ONLY BY STATION(S) 200 E Basse Road ADDRESS San Antonio
TX 78209 CITY STATE ZIP / S / MITCHELL P. GOLDSTEIN (h) The failure of
Arbitron to enforce any of the provisions of this Agreement shall not be construed to be a waiver
of such provisions unless evidenced by an instrument in writing duly executed by Arbitron. (i)
Waiver of Jury Trial: EACH PARTY, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY
IRREVOCABLY WAIVE S A
LL RIGHT TO TRIAL B Y JURY AS TO ANY ISSUES, DEMANDS, ACTIONS, CAUSES OF
ACTION, CONTROVERSIES, CLAIMS OR DISPUTES ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
MATTER INVOLVING THE PARTIES HERETO. (j) This Agreement supersedes Station’s “Master Station
License to Receive and Use Arbitron Data and Radio Audience Estimates” for the relevant market(s)
under such previous agreement which are replaced by the market(s) set forth in Section 1 of this
Agreement. Station hereby agrees to cease using, upon commercialization of the PPM Data and/or
Reports provided under this Agreement, any data and/or reports provided under such previous
agreement for such affected market(s). Station acknowledges that such previous agreement remains in
effect f o r all other markets other than the affected market(s) under such previous agreement. For
all market(s) in which Station currently subscribes to an Arbitron service, Station agrees to
subscribe to PPM Data and/or Reports in those market(s) upon the publication of the pre-currency
and/or currency PPM Data and/or Reports in such market(s) at the then current Arbitron rate card. n
I the event that Arbitron produces pre-currency/transition PPM reports in market(s) prior to
releasing the official PPM currency report i n such PPM market(s), such pre-currency/transition
reports will be licensed at the then current diary-based rates applicable to Station for each such
market(s) for the relevant survey periods. Station agrees to license such pre-currency/transition
PPM reports at the then-current diary-based rates applicable to Station in such market(s) for the
relevant survey periods. Further, Station agrees to use such pre-currency/transition PPM reports
solely for internal business analysis and expressly not in connection with any commercial media
buying and selling transaction process. (k) Station hereby expressly consents to: (i) Arbitron
sending to Station i n formation advertising the various services that Arbitron provides, whether
or not such services are provided under this Agreement, via electronic messaging to include, but
not limited to, e-mail, facsimile and text messages, and (ii) use of Station’s name and/or call
letters in Arbitron customer lists, promotional materials and/or press releases. (l) Upon
expiration of or termination of the license and/or this Agreement, Station expressly agrees to: (i)
discontinue any use of and completely de-install and remove any Services such as software, Data,
Reports, print-outs, publications, advertising materials, or the like, r f om all equipment and
their premises including but not limited to computers, laptops, servers, websites, and/or
electronic devices, used or controlled by Station and/or its employees, agents, or affiliates, and
(ii) destroy all items (physical or electronic) related to the Services i n cluding, but not
limited to software, electronic or physical data sets, and/or electronic or physical reports
whether located at its office or at another location. Station shall certify such destruction,
discontinued use, and/or de-installation has occurred to Licensor in writing. BY (AUTHORIZED
SIGNATURE) Mitchell P. Goldstein NAME (TYPE OR PRINT NAME OF PERSON SIGNING ABOVE)
CFO/CAO 12/8/10 TITLE DATE

 

 

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed the Securities and Exchange Commission pursuant to Rule 24b-2 under
the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****] ACCEPTED
BY: /S / GREG STEPHAN CONTRACT M ANAGER 12/8/10 DATE Arbitron Inc. 9705
Patuxent Woods Drive Columbia, Maryland 21046-1572 #63324

 

 

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]
Attachment to Radio Station License Agreement to Receive and Use Arbitron PPM TM D
ata and Estimates Date Prepared: November 18, 2010 This is an Attachment to the
Radio Station License Agreement to Receive and Use Arbitron PPM TM  D ata and Estimates
(the “Basic License Agreement”) dated November 18, 2010 b etween Arbitron Inc., a Delaware
corporation (“Arbitron”) and Clear Channel Communications, Inc. “ ( Station”), and is for
the term and Services specified below. The license granted for the Services specified herein is
expressly subject to the Basic License Agreement, and any terms and conditions stated below, or on
the next page hereof. Station agrees to license the following Services from Arbitron and to pay
License Charges as set forth herein and in the Basic License Agreement. For use only by: *See
“Schedule A” Attachment Ship to Bill to Address(es): *See “Schedule A”
Attachment            Address: *See “Schedule A” Attachment            Data Services
Ordered New, % of Renew, Annual Replace- License Start/ Rate Rate Rate Rate Rate Rate
Rate License Data Licensed ment End Dates Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Charge
Pre-Currency PPM Data            Arbitron
PPM TM D ata            ReplRen *See Sched A * * * * * * PPM Weeklies SM
 Data            ReplRen *See Sched A * * * * * * Processor(s) is/are *See
Sched A MultiMedia Data            Processor(s)
is/are            Corporate Roll-Up SM  with Arbitron PPM TM  Data
ReplRen *See Sched A * * * * * * Ethnic Data: H ispanic ReplRen *See
Sched A * * * * * * B lack ReplRen *See Sched A * * * * * * National Regional
Database (NRD) with Arbitron PPM TM D ata ReplRen *See Sched A * * * * * *
Meter/Diary CSAR SDS ReplRen *See Sched A * * * * * * Meter/Diary CSAR RLD
ReplRen *See Sched A * * * * * * Meter/Diary DMA SDS ReplRen *See Sched A *
* * * * * Meter/Diary DMA RLD ReplRen *See Sched A * * * * * *
Other: *See Sch A ReplRen *See Sched A * * * * * * Other: *See Sch A ReplRen *See
Sched A * * * * * *

 

 

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]
Calculation of License Charges: Individual Station Gross Annual Rate: Percent:
First Term Year Gross Annual Rate Station: *See Sched A $ *See Sched A
“A” C ( ombined):$ *See Sched A Station: $ LESS DISCOUNTS FOR Arbitron
PPM TM  Data (Per Section 3): Station: $ Continuous
Service (10%): $ *See Sched A Station: $ Group (at beginning of Term) Station: $ [*****] $
*See Sched A Station: $ Long-Term Discount: [*****] in months [*****] $ *See Sched
A Station: $ FIRST TERM YEAR NET ANNUAL RATE: $ *See Sched A Station: $ Station: $
Station further understands and agrees that the Net Annual Rate payable during any Term year
subsequent to the first Term year will vary in accordance with an applicable Group Discount, any
other applicable discount, or any adjustment as specified in Sections 2, 3, 4, 6 and 11 of the
Basic License Agreement. Software Services Ordered New, % of Renew, Annual Replace-
License Start/ Rate Rate Rate Rate Rate Rate Rate License Software Licensed ment End Dates Yr 1 Yr
2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Charge TAPSCAN ® S ystems: ReplRen *See Sched A *
* * * * * n I cludes: TAPSCAN  TM + Sales Management
TAPSCAN  TM + Proposal Management and Revenue TAPSCAN
 TM + Proposal Management TAPSCAN  TM + Account Management
TAPSCAN  TM + Qualitative TAPSCAN  TM + Web-Suite
TAPSCAN  TM + Web TAPSCAN  TM
MEDIAMASTER SM  QUALITAP SM
PRINTSCAN SM  S cheduleIt            RSP PPM Analysis
Tool SM  ReplRen *See Sched A * * * * * * Other: *See Sched ReplRen *See Sched A * * * * *
* Other: *See Sched ReplRen *See Sched A * * * * * * Data Delivery: Arbitron Downloader
TRAINING/CONSULTING: Software Delivery: Arbitron Downloader Total Training/Consulting Days: @ $ /
day or @ $ / half day = Billing Options Surveys/Releases Billing Options Billing
Dates First Invoice Due Service Ordered n I cluded (First/Last)

 

 

	Monthly Quarterly *See Schedule A *See Schedule A *See Schedule A *See
Schedule A Annually Monthly Quarterly *See Schedule A *See Schedule A *See Schedule A
*See Schedule A Annually Monthly Quarterly Annually Monthly Quarterly Annually Monthly
Quarterly

 

 

	Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]
Terms and Conditions Any use of a computer system that processes Arbitron Data and/or
Reports requires a valid license for such Data and/or Reports. Incorporation of Basic
License Agreement: (a) All terms and conditions of the Basic License Agreement are hereby
incorporated herein by reference with the same force and effect as if printed at length herein and
are applicable to any Service(s) provided hereunder. (b) In order to receive a license to and
access to any Service, Station must be licensed pursuant to the Basic License Agreement. In the
event the Basic License Agreement terminates, expires or becomes suspended for any reason, this
Agreement and License(s) shall terminate, expire or become suspended concurrently therewith.
Mode of Use: Where use of a computer is necessary to access, receive and use any
Services licensed under this Agreement, Station will obtain, from a vendor of its choice, computer
equipment and an operating system conforming to the minimum specifications. Station acknowledges
that if such conforming equipment and systems are not obtained, the Services may not operate
properly. Interruptions: Station agrees that Arbitron is not responsible for computer,
Internet and/or telephonic communications interrupted by any Services system failure, telephonic
disruptions, weather, acts of God, force majeure or acts of third persons not connected with or
controlled by Arbitron; nor for any additional expenses incurred by Station for subsequent and/or
additional computer runs necessitated by such disruptions or interruptions. Restrictions on
Station’s Use: (a) Station agrees that it will not provide, loan, lease, sublicense or sell in
whole or in part the Arbitron Data and/or Reports and/or Systems, or computer software programs or
data included with such Data and/or Reports and/or Systems, to any other party or entity in any
form. This restriction extends to, but is not limited to, any and all organizations selling or
buying time to or from Station and any and all organizations providing data processing, software or
computer services to Station. (b) Station agrees that it will not use the Arbitron Data and/or
Reports under the control of computer programs written by its employees, agents or others except as
permitted by the Basic License Agreement. Arbitron makes no commitment to disclose to others the
structure, format, access keys or other technical particulars of the Arbitron Data and/or Reports
and/or Systems. Special Terms or Instructions: AGREED TO Clear Channel Communications,
Inc. STATION 200 E Basse Road ADDRESS San Antonio TX 78209 CITY STATE ZIP
/S/ MITCHELL P. GOLDSTEIN BY (AUTHORIZED SIGNATURE) Mitchell P. Goldstein NAME
(TYPE OR PRINT NAME OF PERSON SIGNING ABOVE) CFO/CAO 12/8/10

 

 

	 	 	 	 	 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

First Addendum to the “Radio Station License Agreement to

Receive and Use Arbitron PPM Data and Estimates” 

Between Arbitron Inc. and Clear Channel Communications, Inc.

     This is the first addendum (this “Addendum”) to the “Radio Station License
Agreement to Receive and Use Arbitron PPM Data and Estimates” (the “Agreement”), having a
Date of Proposal of November 18th, 2010, by and between Arbitron Inc.
(“Arbitron”) and Clear Channel Communications, Inc. (“Station”). Each of Arbitron
and Station is referred to herein from time to time as a “Party” and, collectively, as the
“Parties”. Capitalized terms used herein but not defined shall have the same meaning
ascribed to them in the Agreement unless indicated otherwise in this Addendum. In the event of a
conflict between this Addendum and the Agreement, the terms and conditions of this Addendum shall
prevail.

     The Parties hereto agree to amend the Agreement as follows:

1. Station’s Other PPM Radio Audio Information. Subject to Section 8 below, the licenses
granted hereunder shall include the use by Station of such Services with other audio-based media
content ancillary to a Station’s radio broadcast (e.g., HD Channels, Digital Sub-Channels, and
Internet Streaming), provided however, that any such use is in accordance with the terms
and conditions of the Agreement. For the avoidance of doubt, the license grant in Section 1 shall
not apply to any syndicated national PPM data set and/or cross-platform PPM data set, radio or
otherwise, and does not apply to any ancillary content which is broadcast over a terrestrial
signal.

2. PPM Encoding Matters.

a. Encoding Agreements. The Parties agree that all previously executed Encoding
Agreements between Arbitron and Station are hereby amended such that the term of each such
Encoding Agreement will be extended to run through the end of the Term, including any
extensions thereof. Station hereby expressly reaffirms that during the Term it shall
continuously encode all of the radio stations it owns, operates, and/or controls in each
market where Arbitron offer its PPM service (collectively, the “PPM Markets”).

b. PPM Codes and Hardware. Arbitron will provide to Station, without charge,
[*****] unique PPM codes, and the corresponding PPM encoding hardware, per terrestrial
radio station owned by Station in a PPM Market (the “Code Allotment”). Such codes
and encoders may be used only by the radio station to which they are assigned and
applicable (e.g., if Station owns 4 radio stations in a PPM Market, Arbitron will provide a
total of [*****] unique PPM codes (and corresponding encoding hardware) at no-charge; each
of the 4 radio stations may use up to [*****] of the unique PPM codes).

If Station desires unique PPM codes in excess of Code Allotment, Station will pay Arbitron
an annual fee (the “Code Fee(s)”) equal to [*****] per each additional unique
PPM code. Notwithstanding the foregoing sentence, Station will not be liable to Arbitron
for any Code Fees until the aggregate amount of all Code Fees otherwise payable by Station
during the Term exceeds [*****] (the “Code Fee Deductible”). Arbitron will invoice
Station for all Code Fees incurred during the Term in excess of the Code Fee Deductible.
Any unused Code Fee Deductible will expire on December 31, 2016. Any unique PPM codes
currently utilized by Station in excess of the Code Allotment will begin incurring Code
Fees on January 1, 2011. Station shall provide at least 120 days

1

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

prior written notice on
all requests for unique PPM codes in excess of the Code Allotment.

3. New PPM Markets (beyond current commercialization schedule). In the event Arbitron
creates additional PPM market(s) beyond what is currently planned, Arbitron will extend to Station
the following options related to such additional PPM market(s):

a. Station may elect to [*****].

b. For the avoidance of doubt, any pricing for such new PPM Markets will utilize the
average cost per share calculation of the three lowest ranked PPM markets using the most
recent month of PPM Data to derive share and previous month invoice to determine cost.
Station hereby expressly agrees that the pricing for such New PPM Markets by Station’s
radio stations shall comprise a license to at least the following Arbitron “Basic
Services”: a) Local Market Report; b) Respondent Level Data; and, c) PPM
Analysis Tool, as well as application of the Station’s current rate escalator applicable in
the affected calendar year(s). Any additional services beyond the Basic Services will be
priced using a cost per share method for such services that are currently subscribed to in
any of the lowest 3 ranked PPM markets.

4. National Services. In the event that one or more of the Services licensed pursuant to
the Agreement is a national service and any one or more radio stations owned, operated, and/or
Managed is not licensed to Arbitron’s PPM Data for the market which it is home to or broadcasts
from, Station (or any Station’s affiliate, subsidiary, and/or division, including, but not limited
to, KMG Consolidated Radio, Premiere Radio Networks, and/or Clear Channel Traffic) may NOT use any
of the data contained in any Arbitron national service to promote or otherwise benefit such
non-licensed radio station.

5. Evolution of New Arbitron Radio Services. If Arbitron releases a new radio only
service, and/or other audio-based media content which is ancillary to Station’s radio station’s
broadcast (e.g., HD channels, sub-channels, digital, internet streaming, or the like), in any PPM
Market during the Term, Station may, upon written request, receive a no-charge [*****] license to
evaluate such service in up to [*****] PPM Markets otherwise covered by the Agreement.
Notwithstanding the foregoing, the term of any such license will not extend beyond the first
anniversary of the initial release of such service by Arbitron in any market. This Section 5 shall
not apply to any new Arbitron service that is not intended exclusively for radio clients.

6. Licensing of Unlicensed Station Acquisitions. The Parties agree that if during the Term
Station acquires an ownership interest in and/or enters into a Management** relationship with a
radio station not listed on Schedule A to the Agreement and such radio station qualifies
for at least two (2) consecutive months with at least a .1 share persons 6+ to be reported in the
Arbitron PPM reports (a “New Station”), Station will be required to license the Basic
Services with
respect to New Station in accordance with Section 11 of the Agreement. The license fee
with respect to such New Station shall be payable as of the first day of the third month the New
Station qualifies to be reported in the Arbitron Reports.

** For purposes of the Agreement and this Addendum, the terms “Managed”, “Manages”, and
“Management”, mean any joint operating agreement, management or control agreement, or other similar
business relationship (however designated), including but not limited to any joint

2

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

sales agreement
or local marketing agreement (“LMA”), in each case which allows Station to exercise some
degree of control over the operation of a radio station.

     If another radio station owned, Managed, or operated by Station in the PPM market subscribes
to any of the Tapscan, Scarborough and/or other Arbitron services, such New Station shall also be
required to subscribe to at least the same level of service(s) as those to which any existing radio
stations are licensed to in the applicable PPM Market. The license term for the New Station shall
begin with the first day on the third month after qualifying for 2 consecutive months to be
reported in Arbitron’s PPM reports.

     The addition of any New Station(s) after the Effective Date of the Agreement shall not
increase any applicable Station discounts provided by Arbitron, including but not limited to a
Group Discount. For example, the basis for any applicable Station discounts (including but not
limited to the Group Discount) are determined in accordance with the criteria set forth under
Section 12 hereof and the Agreement.

7. Calculation of Rate for Unlicensed Stations. For any New Station, Station hereby
expressly agrees that Arbitron may use the following calculations in determining the License
Charges associated with the New Station’s subscription for the Basic Services, including any other
peripheral services that are required to be added.

a. Licensed Environment, Unlicensed Acquisitions. For New Station(s) that are not
located in PPM Markets where Station already owns, operates, and/or Manages another radio
station that is a current subscriber, the Basic Services required to be licensed (and to
the extent feasible, any other ancillary services) shall be priced on a cost per share
point basis, based on the cost per share point being paid by Station’s existing radio
stations in the applicable PPM market.

The PPM cost per share point shall be calculated by summing the total PPM Data Persons 6+
AQH Share points for the then-currently licensed Station owned radio station(s) in the
applicable market using the latest available months of PPM Data (up to a prior six month
average). The current year combined annual PPM costs for all services for the
then-currently licensed Station owned radio station(s) in the PPM Market is then divided by
the sum total of the share points to determine a cost per share point. That cost per share
point is then multiplied by the average PPM Data Persons 6+ AQH Share points using the
latest available months of PPM Data (up to a prior six month average) of the radio
station(s) to be licensed, however, the New Station share point will be taken from the
first full survey monthly report only in the event that the station(s) has just
signed on-the-air, or undergone a format change, changed its primary market (e.g.,
move-in), or had not qualified for reporting prior surveys. Notwithstanding the results
obtained from the calculations performed pursuant to this Section 7, the Parties understand
and agree that the minimum License Charge for each survey shall not be less than [*****].

b. Unlicensed Environment, Licensed Acquisition. For New Station(s) located in
Arbitron markets where Station does not own and/or Manage other radio stations, the Basic
Services required to be licensed (and to the extent feasible, any other ancillary services)
shall be priced based on the average Station cost per share point (set forth in Section
7(a) above) for the Station radio stations owned and/or Managed in its next two (if there
are not two, then based on the number of available markets to do such comparison)
higher-ranked subscribing markets and its next two (if there are not two,

3

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

then based on the
number of available markets to do such comparison) lower-ranked subscribing markets.

c. Licensed Environment, Licensed Acquisitions — services not in parity. If a New
Station is licensed to utilize any Arbitron service, and the existing Station’s radio
stations in the same market are not licensed to one or more of these services, the existing
Station’s radio stations will not be required to license such service(s). However, those
radio stations in the market that are not licensed to these services shall not be permitted
to use such services in any manner. Arbitron also reserves the right to cancel the
acquired services stated above that are not commonly licensed across all station-owned
stations in the market. Arbitron will not charge for any cancelled services during the
remainder of the Term.

d. Any Station non-metro radio station(s) that is not currently licensed to the Arbitron
PPM services, and which is encoding and showing up with an AQH share equal to or greater
than .1 (and has appeared for two consecutive months) is required to be licensed or must
cease encoding within 30 days of the Effective Date. The Parties agree that if all
non-metro radio stations in the same market total a one share or higher in aggregate they
will be required to be licensed via the cost per share method set forth above in Section
7(a). In addition if all non-metro radio stations in a market in aggregate do not reach
one share, the licensed rate will be [*****] for all such stations

e. After calculating the New Station License Charges, it will become the first term year
License Charge for the Basic Services, and will then increase at the applicable rate of
escalation for the New Station(s) during the Term in the applicable years.

f. In the event that a New Station has a pre-existing Arbitron license agreement(s) for any
Arbitron provided services, the pre-existing Arbitron license agreements shall be voided
and the New Station shall be concurrently incorporated into the Agreement using the initial
pricing cost per share terms described in Section 7(a) above, as well as application of
Station’s current rate escalator applicable in the affected year. Any such license
agreements will terminate on December 31, 2016, which is concurrent to the Agreement’s
termination date.

8. Station hereby expressly agrees that Arbitron reserves the sole right and discretion to
introduce a new license-fee syndicated data stream which consists of a new data set that may or may
not be combined with the existing PPM Data into the PPM markets, and to charge for such service,
including but not limited to providing a service for digital, sub-channels, streaming,
and/or HD radio streams, or any other license-fee based service in any of the PPM markets. If
Arbitron elects to charge for such new services pursuant to Section 8, then Station may receive
such new service for gratis only for [*****] in a maximum of [*****] applicable PPM markets; but,
if Station elects not to subscribe to the new service, then Station must cease use of such new
service at the expiration of the [*****]. As acknowledged in Section 1 of the Addendum, Station
currently receives information regarding its digital and/or HD-encoded radio stations on a gratis
basis; but, Station expressly acknowledges that Arbitron reserves the sole right and discretion to
charge Station for such information at some point during the Term, if such information is enhanced,
comprises additional data sets, and/or is supplemented by other data sets or information.
Arbitron’s election to do the foregoing such shall not be considered a breach of this Addendum or
serve as a basis for Station to reduce or terminate any of the licensed Services or terminate the
Agreement. For the avoidance of doubt, for the Term of the Agreement, Station

4

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

shall continue to
receive the digital and HD radio PPM information (in substantially the same form and format) that
is provided by Arbitron under Section 1 of this Addendum at the commencement of the Term of the
Agreement at no additional charge. However, Station shall not be obligated to license any such
new products introduced under this Section 1 or 8.

9. The use of an “*” (asterisk) on the Agreement and Attachment to Radio Station License Agreement
to Receive and Use Arbitron PPM Data and Audience Estimates (the “Attachment”) shall refer
to Schedule A of the Agreement.

10. Attachment, first sentence, is amended by deleting “This is an Attachment to the Radio Station
License Agreement to Receive and Use Arbitron PPM Data and Audience Estimates (the “Basic
License Agreement”)” and replacing it with “This is an Attachment to the Radio Station License
Agreement to Receive and Use Arbitron PPM Data and Estimates”.

11. Section 2, the very last sentence beginning with “Arbitron shall have the right . . . .” is
deleted in its entirety.

12. Discounts. Section 3(b) is deleted in its entirety and replaced with the following
Section 5(b):

“Group Discount: If Station owns, operates, or Manages two or more radio
stations located in different markets, Station may be entitled to a Group
Discount. The applicable Group Discount will be determined from time to time
based on the total percentage of eligible radio stations that are owned, operated,
or Managed by Station and are licensed under a full service agreement to receive
Arbitron diary-based or PPM-based Services, as applicable, and as more
specifically set forth on Appendix B to this Addendum. Station
acknowledges and agrees that any attempt by it to terminate any portion of the
Diary Agreement, the PPM Agreement, or any other applicable license agreement
between Station and Arbitron, or otherwise reduce the level of Services licensed
from Arbitron under those agreements could reduce its Group Discount.
Notwithstanding any provision of the Agreement or any other applicable license
agreement to the contrary, Station further acknowledges and agrees that any
reduction in Station’s Group Discount resulting from a reduction in the percentage
of radio stations owned, operated, or Managed by Station licensed under a full
service contract to receive Arbitron Services shall not be considered an increase
in the Gross Annual Rate and shall not permit Station to terminate
the Agreement or exercise any other right pursuant to the terms of the Agreement.
Station hereby also acknowledges that in addition to the Group Discount being
affected by the foregoing actions, such actions may also affect the various
service level discounts that it is entitled to under the applicable Arbitron
license agreements (including but not limited to the multi-service discount,
continuous service discount, or the like), and that Arbitron has the sole right
and discretion to adjust such discounts without any penalty or dispute thereof by
Station. For the avoidance of doubt, Station’s Group Discount shall not be
affected if Station entirely sells and/or transfers all ownership rights
associated with any of its subscribing radio stations to a third party or
otherwise no longer has an FCC license to operate any of such radio stations
during the Term.”

13. Section 3(a) is deleted in its entity.

5

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

14. Section 5(a), insert the following new sentences before the first sentence of the Section 5(a):

“Arbitron will invoice Station for any payments due hereunder, and payment shall
be due and payable by Station thirty (30) days after the invoice date. Failure to
pay within sixty (60) days after the date of the invoice will result in a late
payment charge of one and one-half percent (1.5%) per month on any outstanding
Charges due hereunder. Any failure to impose a late payment charge shall not
prejudice Arbitron’s right to do so should default continue or should a subsequent
payment not be made when due. For the avoidance of doubt, these payment terms
supersede all other payments terms in this Agreement, and provide Station payment
terms of net 30 with a grace period of 30 days. In other words, Station shall be
in default if payment is not received within 60 days after the invoice date.”

15. Section 5(c), line 6, insert “that have been issued broadcast licenses by the FCC (this does
not apply to parent corporations Clear Channel Communications, Inc. or Clear Channel Broadcasting,
Inc.),” after “Station or any of Station’s affiliated, subsidiary or related corporations or
entities” and before “regardless of whether...”.

16. Section 5(d), line 6, delete “or its station(s)” and replace it with “or those entities
described in 5(c) above”.

17. Section 6(a), insert the following new sentence at the end of the first paragraph: “However, in
the event that one or more of the aforementioned changes results in the cessation of a PPM Market
from being measured by a form of electronic measurement, Station shall have the right to terminate
this Agreement as to such Market.”

18. Section 6(b), line 10, replace “ten (10) days” with “ten (10) business days”.

19. Section 6(c) is deleted and replaced with the following new language:

“In the event of a force majeure occurrence, and to the extent beyond the reasonable control of
Arbitron, including, but not limited to, civil disturbance, war, or other casualty, government
regulations or acts, applicable laws, or acts of God, and/or postal interruptions, Arbitron may
increase the Gross Annual Rate
hereunder in an affected Market; provided, that as a condition thereof,
Arbitron shall give Station prompt written notice of the occurrence relied upon,
and will use reasonable efforts to provide detail regarding the force majeure
event to the extent it is not precluded by applicable law or court order, and
Arbitron may rely upon the reasonable opinion of counsel with regard to the
foregoing. If Arbitron increases the Gross Annual Rate charged for one or more of
the aforementioned reasons in an affected Market, it shall give prior written
notice to Station. Station may, within a 30-day period following such written
notice, cancel the unexpired Term of the Agreement for only the Data, Reports
and/or Services in the Market for which Arbitron increased its Rate, by written
notice pursuant to Section 15(a), without cancellation charge or other cost,
effective on the date the new Gross Annual Rate would have become effective. In
the absence of such timely cancellation, this Agreement shall continue and the new
Gross Annual Rate shall become payable as stated in Arbitron’s notice and
thereafter. For the avoidance

6

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

of doubt, an economic or market downturn or a
change in Arbitron’s financial position will not be considered a force majeure
occurrence. All other terms and conditions of the Agreement in the unaffected
Markets shall remain in full force and effect.”

20. Section 7, third paragraph, add the following sentence after the last sentence of the
paragraph: “Arbitron hereby agrees that Station may use the Arbitron logos, trade names, and/or
service marks contained in the Services licensed hereunder provided such use is consistent with the
normal course of business (e.g., a sales presentation) for its radio station’s use of such
Services; provided however, such use does not disparage Arbitron or otherwise involve any action
which one would consider an act of moral turpitude.”

21. Section 10, last paragraph starting with “In the event” is hereby deleted in its entirety.

22. Section 11, first paragraph, delete the second sentence and replace it with the following new
sentences:

“Notwithstanding the foregoing sentence, in the event that Station sells all or
substantially all of Station’s assets of one or more of its radio stations
licensed hereunder, Station may assign its rights and obligations applicable to
such sold radio station(s) without Arbitron’s consent, provided: (i) Station
provides written notice to Arbitron as soon as such notice would not violate any
SEC rules and/or regulation, but in no event not less than thirty (30) days prior
to the effective date of any assignment, (ii) the entity acquiring the radio
station enters into Arbitron’s standard form license agreement(s) for the relevant
services being assign (this Amendment or any other amendment created for Station
shall not pass to the acquiring station), (iii) Station shall be permitted to
assign the applicable License Charges for the services licensed for such sold
radio stations(s) but excluding any Station specific discounts or other general
Arbitron discounts which the acquiring station would not otherwise be entitled.
Further, the rates applicable to the assignment are at all times subject to
Arbitron’s right
to redetermine the rate to be charged to the assignee if such assignment results
in an expanded use of the Data or Reports. However, in the event that Arbitron
determines that such assignee is a competitor of Arbitron, such determination to
be in the sole and absolute discretion of Arbitron, Arbitron shall have the right
to reject the assignment, however, in the event of such rejection the services and
applicable license fees for such sold radio station shall be terminated.”

23. Section 11, second paragraph, second sentence, insert “covered by this Agreement” after “. . .
one of its radio stations” and before “, Station remains fully . . .”.

24. Section 11, third paragraph, the following new language is added to the end of to the
penultimate sentence starting with “In the event”: “(such redetermined additional license fee is
to reflect the expanded use of the services licensed hereunder by the new user and shall not effect
the rates applicable to existing Station licensed radio stations).”

25. Section 13(b), line 4, insert “reasonable” before “judgment” and after “in its”.

26. Section 15(e), beginning with “Arbitron may . . .” is deleted in its entirety.

7

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

27. Section 15(f), line 4, delete “for any reason” and replace it with “in the event Arbitron
ceases to produce such service”.

28. Section 15(j), last sentence beginning with “For all markets . . .” is deleted.

29. Section 15(l) is deleted in its entirety and replacing with the following Section 15(l):

“Upon the release of the next survey Report following expiration of or termination
of the license and/or this Agreement, Station expressly agrees to use reasonable
efforts to: (i) discontinue any use of and completely de-install and remove any
Services such as software, Data, Reports, print-outs, publications, advertising
materials, or the like, from all equipment and their premises including but not
limited to computers, laptops, servers, websites, and/or electronic devices, used
or controlled by Station and/or its employees, agents, or affiliates, and (ii)
destroy all items (physical or electronic) related to the Services including, but
not limited to software, electronic or physical data sets, and/or electronic or
physical reports whether located at its office or at another location. For the
avoidance of doubt, Station shall not be entitled to continue using any Services
if the reason for termination of the Agreement is based upon a default and/or
breach of the Agreement or Addendum by Station.”

30. Agreement Not Assignable Except as a Whole. The Agreement and this Addendum may not be
assigned by Station to any other party. Any attempt to assign the Agreement and this Addendum will
be deemed and considered null and void. Station agrees to keep the terms and conditions of the
Agreement and this Addendum confidential. Inasmuch as the terms of the Agreement and this Addendum
are not assignable and/or transferable by Station, Station expressly agrees that it will not
provide the Agreement and this Addendum or any information contained in this Amendment to any
buyer(s) and/or potential buyer(s) of any of Station’s radio stations.

31. Each Party hereby expressly agrees that if a Party is determined by a court of competent
jurisdiction to be in breach of this Addendum and/or the Agreement, then the non-breaching Party
shall be entitled to all reasonable costs associated with such breach, including but not limited to
attorney’s fees.

32. Joint Preparation. This Addendum and the Agreement have been jointly-prepared and
negotiated by the Parties and their respective attorneys, and neither the language nor any of the
provisions of the Addendum and/or the Agreement shall be construed more strictly for and/or against
either Party as a result of each Party’s participation in such preparation and negotiations.

33. Breach. Station hereby expressly agrees that if it is in breach of the Agreement
and/or Addendum with Arbitron, and such breach is not cured within thirty (30) days after Arbitron
provides notice of such breach to Jess Hanson and/or his designee at Station, then Arbitron shall
be entitled to at least all legal costs associated with such breach; provided however, that
a court of competent jurisdiction determines that Station was in breach of the Agreement and/or
Addendum.

34. In the event of a miscalculation, mathematical error, and/or typographical error to the
calculation of License Charges or financial amounts in any of the attachments, Schedule A,
Appendices, the Diary Agreement, and/or the Addendum, each Party, in good faith, hereby agrees to
revise the affected License Charge(s) or financial amount(s) in accordance with the provisions of
this Addendum, and to reflect the intent of the Parties as of the Effective Date.

35. PPM Service Rebates. Provided that the Agreement has not been terminated and Station
has not materially reduced the level of Services it licenses from Arbitron under the Agreement,

8

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

the
Diary Agreement, or any other applicable license agreement with Arbitron during the Term, Arbitron
will provide Station with a rebate in each of calendar years 2011-2016. The aggregate amount of
the rebate payable in each calendar year and the timing of payment will be as set forth on Appendix
A to this Addendum. The payment will be in the form of a check made payable to Station or
otherwise in immediately available funds. The Parties agree that the rebate provided in this
Section 35 will not extend to any extensions or future agreements between Arbitron and Station.

     Notwithstanding the foregoing, Arbitron will have no obligation to provide any rebate pursuant
to this Section 35 upon the occurrence of any of the following events: (i) the default of
Station of anypayment obligationsto Arbitron underthe Agreement, the
Diary Agreement, or any other applicable license agreement between Station and Arbitron and such
default remains uncured ten (10) Business Days following Arbitron’s written notice of default; or
(ii) the failure of Station to perform any other of its material obligations under the Agreement
and such failure continues for 30 days after receipt of written notice from Arbitron or is
incapable of being cured.

36. Station shall receive Arbitron’s Corporate Roll-Up service during the Term at no additional
License Charge; provided however, that Station properly subscribes to Arbitron’s Basic
Services available in all applicable Markets in which Station Manages, owns, and/or operates radio
stations.

37. In the event that Arbitron develops a new PPM radio electronic measurement service that does
not replace the current PPM radio electronic measurement that is available for commercial licensing
in PPM markets in which Station owns, operates, and/or Manages radio stations that are currently
licensed to Arbitron PPM Services, Station shall not be required to subscribe to such new
PPM radio electronic measurement services in the affected markets. In addition, this right shall
also be applicable to any Arbitron PPM radio electronic measurement services that are currently
available in some radio markets as of the date of the execution of this Addendum, and
later introduced into other radio markets in which they were not available as of the date of
execution of this Addendum.

38. Station avers and acknowledges that this Agreement, the Diary Agreement, and/or any other
applicable license agreement between Station and Arbitron during the Term, including each Service,
System, product, and any Data provided by Arbitron hereunder and/or thereunder, are critical,
beneficial, and absolutely necessary to the continued day-to-day operations of Station and each of
the Station’s affiliated radio stations. Station, on its own behalf and that of its affiliated
radio stations, agrees that the charges and fees under the Agreement are necessary and beneficial
expenses and, in the event of a Station or Station affiliate bankruptcy filing, would constitute
administrative priority expenses.

39. All rights not expressly granted by Arbitron in this Addendum or the Agreement are hereby
reserved. Station expressly agrees and warrants that it shall not reference, cite, use, publish,
share, disseminate, receive, create, or employ, in any manner whatsoever (in whole or in part), any
Arbitron audience estimates, information, data, reports, software, system, or any other Arbitron
related product or service (in whole or in part), that it is not expressly licensed under the
Agreement.

40. The radio stations set forth on Schedule A are hereby granted ‘full PPM radio market
access’, which is defined as an Arbitron limited, personal, and revocable license to use PPM radio
Data from all Arbitron syndicated PPM radio broadcast measured markets, accessed through

9

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

Arbitron’s
PPM Analysis Tool. This may include PPM radio data from Arbitron radio broadcast measured markets
in which Station does not own, operates, and/or Manages a radio station.

     Moreover, if Station begins Management, operation, ownership, or the like, of any radio
stations in markets not listed on Schedule A and is not licensed as required by the terms
of this Addendum, this ‘full PPM radio market access’ right under Section 40 is immediately and
automatically revoked, unless such radio stations become proper licensees in accordance with the
terms of the Addendum. In other words, if Station owns, Manages, and/or buys a New Station(s) in a
market not set forth on the Schedule A, then Station hereby expressly agrees that such New
Station(s) must properly subscribe to the Basic Services with Arbitron in order for it to maintain
its full PPM radio market access under this Section 40 of the Addendum.

41. New Service Pricing, Licensed Radio Stations. For any of Station’s radio stations
already licensed to at least the PPM Basic Services, the pricing for any additional Arbitron
service that Station wishes to add for the licensed radio stations in the applicable market shall
be determined using the following method:

     New services shall be priced based on an average of the current calendar term year annual rate
for the equivalent service for Station’s radio stations owned, operated, and/or Managed in its next
two higher-ranked subscribing PPM markets to the applicable service and its next two lower-ranked
subscribing markets to the applicable service.

     ALL MARKETS USED IN THE FOREGOING CALCULATION MUST BE WITHIN 10 PPM MARKET RANK POSITIONS
(BASED ON THE MOST RECENT ARBITRON 12+ METRO POPULATION FIGURES). IF TWO MARKETS ARE NOT AVAILABLE
EITHER UP OR DOWN, PRICING WILL BE BASED ON A [*****] REDUCTION FROM THE THEN-CURRENT ARBITRON RATE
CARD PRICE.

     After calculating the new service license charges in accordance with Section 41, it will
become the term year’s License Charges for the new service(s), and will then increase at the
applicable rate of escalation for such radio station(s) during the Term in the following applicable
years.

42. Station hereby agrees that it shall and will be liable for any and all taxes associated with
any Services provided in the Agreement and hereunder, in addition to any License Charges.

43. In the event of a miscalculation, mathematical error, incorrect reference to a section, and/or
typographical error in this Addendum regarding any provision, each Party hereby agrees to correct
any such error(s) to reflect the intent of the Parties. As a result, the Parties hereby agree to
negotiate in good faith to replace such provision with a legally valid and enforceable provision
that reflects, as closely as possible, the original intent of the Parties as of the Effective Date.

44. Station hereby expressly opts to obtain the rights for all licensed Station owned,
Managed, and operated radio stations to use Arbitron’s National Regional Database (“NRD”)
(accessible through Arbitron’s TapWeb service), as of the effective date of this Addendum.
Arbitron agrees to license such rights to Station radio stations and Station corporate for
terrestrial broadcast radio purposes only, and not for purposes of cross-platform selling,
internet, mobile, or the like. The License Charge associated with the foregoing rights in Section
44 shall be at an annual License Charge of [*****] during the first term year (i.e., January 1,
2011 — December 31, 2011) of the Agreement. Station understands and acknowledges that the annual
license charge

10

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

for NRD under this Agreement and the Diary Agreement may appear as a single
line-item charge of [*****] on an Arbitron invoice (in the aggregate during a calendar term year).
The License Charge for NRD shall increase in accordance with the rate escalators set forth in the
Schedule A per term calendar year above the previous term calendar year’s License Charges.
For the avoidance of doubt, the license grant in Section 44 shall not apply to any syndicated
national PPM data set and/or cross-platform PPM data set, diary or otherwise, and does not apply to
any ancillary content (other than the limited license grant provided in Section 1 that is broadcast
over a terrestrial signal).

45. In consideration of Station’s renewal of Arbitron licensed Services and execution and delivery
of the Agreement and this Addendum, which Station otherwise has no obligation to provide, Arbitron
will issue to Station a credit in an aggregate amount equal to [*****], which credit may be applied
to any outstanding Arbitron invoice. Such credit will be issued as soon as practicable after the
commencement of the Term.

     All other terms and conditions of the Agreement shall remain in full force and effect.

[Signature Page Follows]

11

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

	 	 	 	 	 	 	 	 	 	 

	AGREED TO:	 	ACCEPTED BY:
	 
	 	 	 	 	 	 	 	 
	Clear Channel Communications, Inc.	 	Arbitron Inc.
	 
	 	 	 	 	 	 	 	 
	By:	 	/s/ Jess Hanson	 	By:	 	/s/ Greg Stephan
	 	 	 	 	 	 	 
	 

	 	Title:
	 	SVP, Research
	 	 	 	Contracts Manager
	Date: 12/8/2010
	 	Date: 12/8/10
	 
	 	 	 	 	 	 	 	 
	Clear Channel Communications, Inc.

200 E. Basse Road

San Antonio, TX 78209	 	Arbitron Inc.

9705 Patuxent Woods Drive

Columbia, MD 21046

12

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

Appendix A 

	 	 	 	 	 	 	 	 	 
	Calendar Year	 	Basic Rebate	 	Contingent Rebate*
	2011
	 	 	[*****]	 	 	 	[*****]	 
	2012
	 	 	[*****]	 	 	 	[*****]	 
	2013
	 	 	[*****]	 	 	 	[*****]	 
	2014
	 	 	[*****]	 	 	 	[*****]	 
	2015
	 	 	[*****]	 	 	 	[*****]	 
	2016
	 	 	[*****]	 	 	 	[*****]	 

 

			
	*	 	The Contingent Rebate will be payable in addition to the Basic Rebate for any year if the
Applicable Percentage for that fiscal year of Arbitron is equal to or greater than [*****].

For purposes of this Appendix A, the Applicable Percentage will be calculated as the ratio,
expressed as a percentage, equal to a fraction the numerator of which is equal to [*****] and the
denominator of which is equal to [*****], in each case as set forth in [*****].

The Basic Rebate will be paid in one annual installment on or before December 31 of the applicable
year. The Contingent Rebate, if any, will be paid in one installment as soon as practicable
following the [*****].

13

 

Portions of this exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. Omissions are designated as [*****]

Appendix B

	 	 	 	 	 
	Subscription Percentage	 	Applicable group discount
	0% - 49.9%
	 	 	[*****]	 
	50.0% - 69.9%
	 	 	[*****]	 
	70.0% - 89.9%
	 	 	[*****]	 
	90.0% - 99.9%
	 	 	[*****]	 
	100%
	 	 	[*****]	 

For purposes of this Appendix B, “Subscription Percentage” is calculated as the  [*****] as a percentage of the [*****]. For the avoidance of doubt, a radio
station can be considered to be under a full service license agreement even if it does not receive
Arbitron’s Tapscan service.

14exv10w48

Exhibit 10.48

Execution Copy

ARBITRON INC.

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

     THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made February 8, 2011
(the “Amended Effective Date”) by and between Arbitron Inc., a Delaware corporation (the
"Company”), and William T. Kerr, an individual (“you”) (and, together, “Parties”). It supersedes
and replaces your employment agreement dated February 11, 2010.

     WHEREAS, the Company wishes to continue to employ you, and you wish to continue to be employed
by the Company.

     NOW THEREFORE, in consideration of your acceptance of continued employment under the terms of
this revised agreement, the Parties agree to be bound by the terms contained in this Agreement as
follows:

     1. Engagement. Beginning January 10, 2010 (the “Initial Effective Date”), the Company has
employed you as President and Chief Executive Officer. You will report directly to the Board of
Directors of the Company (the “Board”). You will be responsible for general management of the
affairs of the Company. You will at all times comply with all written policies of the Company then
in effect.

     2. Commitment. During and throughout the Employment Term, you must devote substantially
all of your full working time and attention to the Company. During the Employment Term, you must
not engage in any employment, occupation, consulting or other similar activity for direct or
indirect financial remuneration unless approved by the Board; provided, however, that you may,
subject to compliance with the notice and consent requirements set forth in the Company’s Corporate
Governance Policies and Guidelines, (i) serve in any capacity with any professional, community,
industry, civic (including governmental boards), educational or charitable organization, (ii) serve
on for-profit entity board(s) having obtained prior consent and written approval from the Board’s
Nominating and Corporate Governance Committee, and (iii) subject to the Company’s conflict of
interest policies applicable to all employees, make investments in other businesses and manage your
and your family’s personal investments and legal affairs; provided that any such activities
described in clauses (i)-(iii) above do not materially interfere with the performance of your
duties for the Company. You will perform your services under this Agreement primarily at the
Company’s headquarters in Columbia, Maryland. You understand and agree that your employment may
require travel from time to time. The Company intends to support your election as a member of the
Board so long as you remain employed as the Chief Executive Officer.

 

 

     3. Employment Term. The Company hereby agrees to continue to employ you and you hereby
accept continued employment with the Company upon the terms set forth in this Agreement, for the
period commencing on the Amended Effective Date and ending at the close of business on January 10,
2013 (the “Extended Term”), unless sooner terminated in accordance with the provisions of Section 6
(such period, as it also may be extended, the “Employment Term”).

     4. Cash and Stock Compensation.

          (a) Base Salary. Beginning as of the Amended Effective Date, you will receive a base
salary at a monthly rate of $66,666.67, annualizing to $800,000 (“Base Salary”). The Company will
pay your Base Salary in accordance with the Company’s regular payroll practices, but no less
frequently than monthly. The Board will review your Base Salary no less frequently than annually.
If increased, the increased Base Salary will become the Base Salary for all purposes of this
Agreement. Your Base Salary will not be decreased without your written consent.

          (b) Incentive Bonus. Upon meeting the applicable performance criteria established by the
Company’s Compensation and Human Resources Committee of the Board (the “Compensation Committee”) in
its sole discretion, you will be eligible to receive an annual incentive bonus (the “Annual Bonus”)
for a given fiscal year of the Company targeted at an amount equal to 100% of your Base Salary in
effect at the beginning of such fiscal year (“Target Bonus”). For performance exceeding such
applicable performance criteria in the sole judgment of the Compensation Committee, the Annual
Bonus will be increased to an amount in excess of the Target Bonus up to a maximum of 200% of your
Base Salary in effect at the beginning of such fiscal year, which additional bonus amount the
Compensation Committee will determine in its sole discretion. The Annual Bonus, if any, will be
paid when other executives receive their bonuses under comparable arrangements but, in any event,
between January 1 and April 30 of the year following the year with respect to which it is earned.

          (c) Equity Compensation.

          (i) Ongoing Grants. The Company will ask the Compensation Committee to
grant you long-term incentives for 2011 on or after the Amended Effective Date with
a grant date equivalent value of at least 200% of your Base Salary, to be divided
into the same proportion of performance-based cash and stock-based awards as apply
to other senior executives, but with all stock-based awards in the form of
performance-based Deferred Stock Units (“DSUs”), which will vest only upon
satisfaction of applicable performance objectives to be established by the
Compensation Committee and which will be payable only after your separation from
service and subject to the provisions of Section 4(c)(ii) below, subject to the same
criteria as for other members of senior management. The Compensation Committee at
its sole discretion will consider the grant of additional compensatory stock awards
in future years while you remain employed.

- 2 -

 

          (ii) Special Acceleration. The awards described in Section 4(c)(i) will
vest and/or become exercisable in accordance with the Company’s customary terms.
However, to the extent more favorable to you (except as described for “Cause”) and
to the extent that there is no termination of options or other awards for reasons
provided in the Company’s 2008 Equity Compensation Plan, the following terms will
also apply, subject, where applicable, to Sections 6(f) (requiring a release) and 7
(relating to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as
amended (the “Code”)):

     a) The vesting and exercisability of awards will be accelerated on
death or disability (as the latter is determined under Section 6(c) and
except to the extent acceleration would trigger taxes under Section 409A).
Notwithstanding the foregoing, any performance-based awards will require
satisfaction of the applicable performance objectives but will not be
prorated for partial years or periods of service.

     b) On a termination by the Company without Cause, your Retirement,
or your ceasing to be employed for any reason (other than Cause) after the
Extended Term any performance-based awards will require satisfaction of the
applicable performance objectives but will not be prorated for partial years
or periods of service.

     c) Your resignation before the end of the Extended Term, other than
through Retirement, will cause unvested awards to be forfeited.

     d) Termination for Cause will cause forfeiture of vested and
unvested awards.

     e) Vesting, acceleration, and other compensation may be delayed or
eliminated if you would be subject to a golden parachute tax (under Code
Section 4999), as set forth on Exhibit A to this Agreement.

     5. Employee Benefits.

          (a) Employee Welfare and Retirement Plans. You will, to the extent eligible, be entitled
to participate at a level commensurate with your position in all employee welfare benefit and
retirement plans and programs the Company provides to its executives in accordance with the terms
thereof as in effect from time to time. You will be covered under the Company’s Director and
Officer liability insurance policy, to the same extent as other officers.

          (b) Business Expenses. Upon submission of appropriate documentation in accordance with
Company policies, the Company will promptly pay, or reimburse you for, all reasonable business
expenses that you incur in performing your duties under this Agreement, including, but not limited
to, travel, entertainment, professional dues and subscriptions, as long as such expenses are
reimbursable under the Company’s policies. Any payments or expenses provided in this Section 5(b)
will be paid in accordance with Section 7(c).

- 3 -

 

     6. Termination of At-Will Employment.

          (a) General. Subject in each case to the provisions of this Section 6, nothing in this
Agreement interferes with or limits in any way the Company’s right to terminate your employment at
any time, for any reason or no reason, with or without notice, and nothing in this Agreement
confers on you any right to continue in the Company’s employ. If your employment ceases for any or
no reason, you (or your estate, as applicable) will be entitled to receive (in addition to any
compensation and benefits you are entitled to receive under Section 4(c)(ii)): (i) any earned but
unpaid Base Salary through and including the date of termination of your employment, to be paid in
accordance with the Company’s regular payroll practices no later than the next regularly scheduled
pay date; (ii) any earned but unpaid Annual Bonus for the calendar year preceding the year in which
your employment ends, to be paid on the date such Annual Bonus otherwise would have been paid if
your employment had continued; (iii) unreimbursed business expenses in accordance with the
Company’s policies, to be paid in accordance with Section 7(c); (iv) the amount of any accrued but
unused paid time off; and (v) any amounts or benefits to which you are then entitled under the
terms of the benefit plans then sponsored by the Company in accordance with their terms (and not
accelerated to the extent acceleration does not satisfy Section 409A). Notwithstanding any other
provision in this Agreement to the contrary, any severance benefits to which you may be entitled
will be provided exclusively through the terms of Sections 4(c)(ii) and 6.

          (b) Termination Without Cause; Retirement; Position Diminishment.

          (i) If, on or before January 10, 2012 (the “Initial Term”), (x) the Company
terminates your employment without Cause or (y) your Retirement occurs, the Company
will pay to you in cash, subject to compliance with Section 6(f):

     a) an amount equal to the Base Salary due for the remainder of the
Extended Term (plus an additional amount equal to the annual Base Salary for
an event described in Section 6(b)(i) that occurs on or before December 31,
2011), paid in equal installments over the remainder of the Extended Term
following the Release Effective Date in accordance with the Company’s
standard payroll policies and procedures, beginning no later than 30 days
after the Release Effective Date (except as Section 7 requires); provided,
however, that if the last day of the 60 day period for an effective release
falls in the calendar year following the year of your date of termination,
the severance payments will be paid or begin no earlier than January 1 of
such subsequent calendar year; and

     b) a bonus component (the “Bonus Component”). If the Annual Bonus
for your year of termination is determined under a program intended to
qualify as performance-based for purposes of Section 162(m) (an “Exempt
Bonus”), you will be paid the Bonus Component under the timing provided in
Section 4(b) of this Agreement as though you had remained employed, with the
Bonus Component determined under the factors for such Annual Bonus, with
such adjustments as the Compensation Committee makes under such factors
(using its negative

- 4 -

 

discretion), but such amount will not be prorated for the partial year
of service. If the Annual Bonus for your year of termination is not
intended to be an Exempt Bonus, the Bonus Component will be the Target Bonus
paid in the timing provided in Section 4(b) of this Agreement, but such
amount will not be prorated for the partial year of service. Payment under
this subclause (b) will be delayed if the Release Effective Date has not
occurred by the time the Annual Bonus is due.

          (ii) If, during the period from the day after the end of the Initial Term
through the last day of the Extended Term, the Company terminates your employment
without Cause or you resign as a result of a Position Diminishment, the Company will
pay to you in cash, subject to compliance with Section 6(f):

     a) an amount equal to the Base Salary due for the remainder of the
Extended Term, paid in equal installments over the remainder of the Extended
Term following the Release Effective Date in accordance with the Company’s
standard payroll policies and procedures, beginning no later than 30 days
after the Release Effective Date (except as Section 7 requires); provided,
however, that if the last day of the 60 day period for an effective release
falls in the calendar year following the year of your date of termination,
the severance payments will be paid or begin no earlier than January 1 of
such subsequent calendar year; and

     b) the Bonus Component. If the Annual Bonus for your year of
termination is intended to be an Exempt Bonus, you will be paid the Bonus
Component under the timing provided in Section 4(b) of this Agreement as
though you had remained employed, with the Bonus Component determined under
the factors for such Annual Bonus, with such adjustments as the Compensation
Committee makes under such factors (using its negative discretion), but such
amount will not be prorated for the partial year of service. If the Annual
Bonus for your year of termination is not intended to be an Exempt Bonus,
the Bonus Component will be the Target Bonus paid in the timing provided in
Section 4(b) of this Agreement, but such amount will not be prorated for the
partial year of service. Payment under this subclause (b) will be delayed
if the Release Effective Date has not occurred by the time the Annual Bonus
is due.

          (c) Change in Control. If, within 12 months following a Change in Control, your
employment ends on a termination without Cause or you resign for Position Diminishment, in addition
to the compensation and benefits described in Section 6(a) above (but in lieu of the compensation
under Section 6(b) and subject to the release required under Section 6(f)), the Company will pay to
you in cash an aggregate amount equal to the sum of 250% of your Base Salary plus 250% of your
Target Bonus, paid in equal installments over a 24 month period following the Release Effective
Date in accordance with the Company’s standard payroll policies and procedures, but no less
frequently than monthly and in a manner not inconsistent with Section 7 hereof.

- 5 -

 

          (d) You must continue to comply with the covenants under Sections 8 and 9 below to
continue to receive severance benefits.

          (e) Death or Disability. Your employment hereunder will terminate immediately upon your
death, or if the Board, based upon appropriate medical evidence, determines you have become
physically or mentally incapacitated so as to render you incapable of performing your usual and
customary material duties even with a reasonable accommodation for a continuous period in excess of
180 days. Termination under this subsection is not covered by Section 6(b) or 6(c).

          (f) Release Requirement. The severance in Section 6(b) and 6(c) and the continued vesting
described in Section 4(c)(iii)(b) will occur only after and if you sign a release of claims and
separation agreement (the “Release”) to be provided by the Company and any revocation period
expires (the “Release Effective Date”) before the earlier of the date the Company specifies or the
60th day following employment termination. Notwithstanding the foregoing, if, in the
context of a Change in Control, the Board determines that the equity compensation will not exist
after the Change in Control event, the vesting and exercisability of equity compensation will
accelerate on or in connection with the Change in Control, subject to your requirement to comply
with the following provisions if you do not sign the Release or it does not become irrevocable by
the 60th day after your employment ends. With respect to the continued vesting, you
agree that, within 10 days after receiving from the Company written notification that the
Compensation Committee has determined that you have received the benefits of continued vesting but
have failed to meet the Release requirement of this Section 6(f), you will pay to the Company for
each share of Company stock you receive (or become vested in) under Section 4(c)(ii)(b) or Section
6(c) whichever of the following is applicable:

          (i) For stock options, the gain equaling the excess, if any, of the fair
market value on the exercise date (as determined under the applicable equity
incentive plan) of the shares received on exercise over the exercise price paid for
such shares, without regard to any market price increase or decrease after exercise
(or, if higher, the proceeds received on disposition of the shares).

          (ii) For DSUs or equivalent equity, the fair market value of the shares
issued to you (or, if higher, the proceeds received on disposition of the shares);
and

          (iii) For any other form of award, such amount as the Compensation
Committee may determine, applying similar principles.

Payment is due in cash or cash equivalents within ten days after the Compensation Committee
provides notice to you that it is enforcing this Section. Any equity awards not already
vested or exercised will then be immediately forfeited. Payment will be calculated on a
gross basis, without reduction for taxes or commissions. The Compensation Committee may,
but is not required to, accept retransfer of shares in lieu of cash payments. For purposes
of this recoupment, the Board will determine the fair market value in good faith using
either trading prices, deal prices, or other measures of value.

- 6 -

 

          (g) Definitions.

          (i) Cause. For purposes of this Agreement, “Cause” means termination of
your employment because of (i) fraud; (ii) misrepresentation; (iii) theft or
embezzlement of assets of the Company; (iv) your conviction, or plea of guilty or
nolo contendere to any felony (or to a felony charge reduced to a misdemeanor), or,
with respect to your employment, to any misdemeanor (other than a traffic
violation), or your intentional violations of law involving moral turpitude; (v)
material failure to follow the Company’s conduct and ethics policies that continues
for 10 days after a written demand for your compliance that specifically identifies
the manner in which it is alleged you have not attempted in good faith to comply;
and/or (vi) your continued failure to attempt in good faith to perform your duties
as reasonably assigned by the Board to you for a period of 60 days after a written
demand for such performance that specifically identifies the manner in which it is
alleged you have not attempted in good faith to perform such duties. The Company
will not treat your termination of employment with the Company as a termination for
Cause for purposes of this Agreement if the termination occurred because of any act
or omission you reasonably believed in good faith to have been in, or not opposed
to, the Company’s interests.

          (ii) Change in Control. For purposes of this Agreement, “Change in
Control” has the meaning ascribed to it in the Company’s 2008 Equity Compensation
Plan. Notwithstanding the foregoing, where required by Section 409A, the Change in
Control must also be an event described in Treas. Reg. Section 1.409A-3(i)(5).

          (iii) Position Diminishment. For purposes of this Agreement,
“Position Diminishment” means a material reduction in your
responsibilities, duties, or authority as in effect immediately before a Change in
Control or as of the Amended Effective Date, as applicable. You may only resign as
a result of a Position Diminishment if you (x) provide notice to the Company within
90 days following the initial existence of the condition constituting a Position
Diminishment that you consider the Position Diminishment to be grounds to resign;
(y) provide the Company a period of 30 days to cure the Position Diminishment, and
(z) actually cease employment, by the six month anniversary following the effective
date of the Position Diminishment, if the Position Diminishment is not cured, within
the 30-day cure period. If the Position Diminishment follows a Change in Control,
you may only resign for Position Diminishment upon the further condition of your
completion of a post-replacement transition period of the shorter of 90 days or such
period as the Board requests.

          (iv) Retirement. For purposes of this Agreement, “Retirement” means your
voluntary resignation upon your replacement as Chief Executive Officer and your
completion of a post-replacement transition period of the shorter of 90 days or such
period as the Board requests; provided, however, that you may

- 7 -

 

not initiate your resignation under this clause (iv) before the Board approves
your replacement and have such resignation treated as Retirement.

          (h) Further Effect of Termination on Board and Officer Positions. If your employment ends
for any reason, you agree that you will cease immediately to hold any and all officer or director
positions you then have with the Company or any affiliate, absent a contrary direction from the
Board (which may include either a request to continue such service or a direction to cease serving
upon notice without regard to whether your employment has ended), except to the extent that you
reasonably and in good faith determine that ceasing to serve as a director would breach your
fiduciary duties to the Company or such affiliate. You hereby irrevocably appoint the Company to be
your attorney-in-fact to execute any documents and do anything in your name to effect your ceasing
to serve as a director and officer of the Company and any affiliate, should you fail to resign
following a request from the Company to do so. A written notification signed by a director or duly
authorized officer of the Company that any instrument, document or act falls within the authority
conferred by this subsection will be conclusive evidence that it does so. The Company will prepare
any documents, pay any filing fees, and bear any other expenses related to this section.

     7. Effect of Section 409A of the Code.

          (a) Six Month Delay. For purposes of this Agreement, a termination of employment shall
mean a “separation from service” as defined in Section 409A. If and to the extent any portion of
any payment, compensation or other benefit provided to you in connection with your separation from
service (as defined in Section 409A) is determined to constitute “nonqualified deferred
compensation” within the meaning of Section 409A and you are a specified employee as defined in
Section 409A(a)(2)(B)(i) of the Code, as determined by the Company in accordance with its
procedures, by which determination you hereby agree that you are bound, such portion of the
payment, compensation or other benefit will not be paid before the earlier of (i) the day that is
six months plus one day after the date of separation from service (as determined under Section
409A) or (ii) the tenth (10th) day after the date of your death (as applicable, the “New Payment
Date”). The aggregate of any payments that otherwise would have been paid to you during the period
between the date of separation from service and the New Payment Date will be paid to you in a lump
sum in the first payroll period beginning after such New Payment Date (together with simple
interest at the short-term applicable federal rate in effect on the date your employment ended),
and any remaining payments will be paid on their original schedule.

          (b) General 409A Principles. For purposes of this Agreement, each amount to be paid or
benefit to be provided will be construed as a separate identified payment for purposes of Section
409A, and any payments that are due within the “short term deferral period” as defined in Section
409A or are paid in a manner covered by Treas. Reg. Section 1.409A-1(b)(9)(iii) will not be treated
as deferred compensation unless applicable law requires otherwise. Neither the Company nor you
will have the right to accelerate or defer the delivery of any such payments or benefits except to
the extent specifically permitted or required by Section 409A. This Agreement is intended to
comply with the provisions of Section 409A and this Agreement will, to the extent practicable, be
construed in accordance therewith. Terms defined in this Agreement will have the meanings given
such terms under Section 409A if and to the

- 8 -

 

extent required to comply with Section 409A. In any event, the Company makes no
representations or warranty and will have no liability to you or any other person, other than with
respect to payments made by the Company in violation of the provisions of this Agreement, if any
provisions of or payments under this Agreement are determined to constitute deferred compensation
subject to Section 409A but not to satisfy the conditions of that section.

          (c) Expense Timing. Payments with respect to reimbursements of business expenses will be
made in the ordinary course of business and in any case on or before the last day of the calendar
year following the calendar year in which the relevant expense is incurred. The amount of expenses
eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the
expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar
year. The right to reimbursement or in-kind benefits is not subject to liquidation or exchange for
another benefit.

     8. Confidentiality, Disclosure, and Assignment

          (a) Confidentiality. You will not, during or after the Employment Term, publish,
disclose, or utilize in any manner any Confidential Information obtained while employed by the
Company other than on the Company’s behalf. If your employment with the Company ends, you will
not, without the Company’s prior written consent, retain or take away any drawing, writing, or
other record in any form containing any Confidential Information. For purposes of this Agreement,
“Confidential Information” means information or material of the Company that is not generally
available to or used by others unaffiliated with the Company, or the utility or value of which is
not generally known or recognized as standard practice, whether or not the underlying details are
in the public domain, including:

          (i) information or material relating to the Company and its business as
conducted or anticipated to be conducted; business plans; operations; past, current
or anticipated software, products or services; customers or prospective customers;
or research, engineering, development, manufacturing, purchasing, accounting, or
marketing activities;

          (ii) information or material relating to the Company’s inventions,
improvements, discoveries, “know-how,” technological developments, or unpublished
writings or other works of authorship, or to the materials, apparatus, processes,
formulae, plans or methods used in the development, manufacture or marketing of the
Company’s software, products or services;

          (iii) information on or material relating to the Company that when received
is marked as “proprietary,” “private,” or “confidential”;

          (iv) the Company’s trade secrets;

          (v) software of the Company in various stages of development, including
computer programs in source code and binary code form, software designs,
specifications, programming aids (including “library subroutines” and productivity
tools), interfaces, visual displays, technical documentation, user manuals, data
files and databases of the Company; and

- 9 -

 

          (vi) any similar information of the type described above that the Company
obtained from another party and that the Company treats as or designates as being
proprietary, private or confidential, whether or not owned or developed by the
Company.

Notwithstanding the foregoing, “Confidential Information” does not include any information that is
properly published or in the public domain; provided, however, that information that is published
by or with your aid outside the scope of employment or contrary to the requirements of this
Agreement will not be considered to have been properly published, and therefore will not be in the
public domain for purposes of this Agreement.

          (b) Business Conduct and Ethics. During your employment with the Company, you will not
engage in any activity that may conflict with the Company’s interests, and you will comply with the
Company’s policies and guidelines pertaining to business conduct and ethics.

          (c) Disclosure. You will disclose promptly in writing to the Company all inventions,
discoveries, software, writings and other works of authorship that you conceived, made, discovered,
or wrote jointly or singly on Company time or on your own time during the period of your employment
by the Company, provided that the invention, improvement, discovery, software, writing or other
work of authorship is capable of being used by the Company in the normal course of business, and
all such inventions, improvements, discoveries, software, writings and other works of authorship
shall belong solely to the Company.

          (d) Instruments of Assignment. You will sign and execute all instruments of assignment
and other papers to evidence vestiture of your entire right, title and interest in such inventions,
improvements, discoveries, software, writings or other works of authorship in the Company, at the
Company’s request and expense, and you will do all acts and sign all instruments of assignment and
other papers the Company may reasonably request relating to applications for patents, patents,
copyrights, and the enforcement and protection thereof. If you are needed, at any time, to give
testimony, evidence, or opinions in any litigation or proceeding involving any patents or
copyrights or applications for patents or copyrights, both domestic and foreign, relating to
inventions, improvements, discoveries, software, writings or other works of authorship you
conceived, developed or reduced to practice, you hereby agree to do so, and if your employment
ends, the Company will pay you at an hourly rate mutually agreeable to the Company and you, plus
reasonable traveling or other expenses, subject to Section 7(c) of this Agreement.

          (e) Additional Post-Employment Provisions. When your employment ends, you must (x) cease
and not thereafter commence use of any Confidential Information or intellectual property (including
any patent, invention, copyright, trade secret, trademark, trade name, logo, domain name or other
source indicator) if such property is owned or exclusively used by the Company; (y) immediately
destroy, delete, or return to the Company, at the Company’s option, all originals and copies in any
form or medium (including memoranda, books, papers, plans, computer files, letters and other data)
in your possession or control (including any of the foregoing stored or located in your office,
home, laptop or other computer, whether or not Company property) that contain Confidential
Information or otherwise relate to

- 10 -

 

the business of the Company, except that you may retain only those portions of any personal
notes, notebooks and diaries that do not contain Confidential Information; and (z) notify and fully
cooperate with the Company regarding the delivery or destruction of any other Confidential
Information of which you are or become aware to the extent such information is in your possession
or control. Notwithstanding anything elsewhere to the contrary, you may retain (and not destroy)
(x) information showing your compensation or relating to reimbursement of expenses that you
reasonably believe are necessary for tax purposes and (y) copies of plans, programs, policies and
arrangements of, or other agreements with, the Company addressing your compensation or employment
or termination thereof.

          (f) Survival. The obligations of this Section 8 (except for Section 8(b)) will survive
the expiration or termination of this Agreement and your employment.

     9. Non-Competition, Non-Recruitment, and Non-Disparagement.

          (a) General. The Parties recognize and agree that (a) you are a senior executive of the
Company, (b) you have received and will in the future receive substantial amounts of the Company’s
Confidential Information, (c) the Company’s business is conducted on a worldwide basis, and (d)
provision for non-competition, non-recruitment and non-disparagement obligations by you is critical
to the Company’s continued economic well-being and protection of the Company’s Confidential
Information. In light of these considerations, this Section 9 sets forth the terms and conditions
of your obligations of non-competition, non-recruitment, and non-disparagement during and
subsequent to the termination of this Agreement and/or the cessation of your employment for any
reason.

          (b) Non-Competition.

          (i) Unless the Company waives or limits the obligation in accordance with
Section 9(b)(ii), you agree that during employment and for 12 months following your
cessation of employment for any reason (the “Noncompete Period”), you will not
directly or indirectly, alone or as a partner, officer, director, shareholder or
employee of any other firm or entity, engage in any commercial activity in
competition with any part of the Company’s business as conducted as of the date of
such termination of employment or with any part of the Company’s contemplated
business with respect to which you have Confidential Information. For purposes of
this clause (i), “shareholder” does not include beneficial ownership of less than 5%
of the combined voting power of all issued and outstanding voting securities of a
publicly held corporation whose stock is traded on a major stock exchange. Also for
purposes of this clause (i), “the Company’s business” includes business conducted by
the Company, its subsidiaries, or any partnership or joint venture in which the
Company directly or indirectly has ownership of at least one third of the voting
equity. The Noncompete Period will be further extended by any period of time during
which you are in violation of Section 9(b). For purposes of this Section 9,
competitors of the Company currently include but are not limited to comScore, Inc.,
GfK AG, The Nielsen Company B.V., Rentrak Corporation, and WPP PLC.

- 11 -

 

          (ii) At its sole option the Company may, by written notice to you at any
time within the Noncompete Period, waive or limit the time and/or geographic area in
which you cannot engage in competitive activity.

          (iii) During the Noncompete Period, before accepting employment with or
agreeing to provide consulting services to, any firm or entity that offers
competitive products or services, you must give 30 days’ prior written notice to the
Company. Such written notice must be sent by certified mail, return receipt
requested (attention: Office of the Chief Legal Officer with a required copy to the
Chair of Compensation Committee), must describe the firm or entity and the
employment or consulting services to be rendered to the firm or entity, and must
include a copy of the written offer of employment or engagement of consulting
services. The Company must respond or object to such notice within 30 days after
receipt, and the absence of a response will constitute acquiescence or waiver of the
Company’s rights under this Section 9.

          (c) Non-Recruitment. During employment and for a period of 12 months following cessation
of employment for any reason, you will not initiate or actively participate in any other employer’s
recruitment or hiring of the Company’s employees.

          (d) Non-Disparagement. You will not, during employment or after the termination or
expiration of this Agreement, make disparaging statements, in any form, about the Company, its
officers, directors, agents, employees, products or services that you know, or have reason to
believe, are false or misleading.

          (e) Enforcement. If you fail to provide notice to the Company under Section 9(b)(iii)
and/or in any way violate your obligations under Section 9, the Company may enforce all of its
rights and remedies provided to it under this Agreement, or in law and in equity, without the
requirement to post a bond, including without limitation ceasing any further payments to you under
this Agreement, and you will be deemed to have expressly waived any rights you may have had to the
benefits to be provided under Section 4(c)(ii).

          (f) Survival. The obligations of this Section 9 survive the expiration or termination of
this Agreement and your employment.

     10. Miscellaneous.

          (a) Notices. All notices, demands, requests or other communications required or permitted
to be given or made hereunder must be in writing and must be delivered, telecopied or mailed by
first class registered or certified mail, postage prepaid, addressed as follows:

	 	 	 	 	 

	 

	 	If to the Company:
	 	Arbitron Inc.
	 

	 	 	 	Office of Chief Legal Officer
	 

	 	 	 	9705 Patuxent Woods Drive
	 

	 	 	 	Columbia, MD 21046
	 

	 	If to you:
	 	At your last address on file with the Company

- 12 -

 

or to such other address as either party may designate in a notice to the other. Each notice,
demand, request or other communication that is given or made in the manner described above will be
treated as sufficiently given or made for all purposes three days after it is deposited in the U.S.
certified mail, postage prepaid, acceptance confirmation or at such time as it is delivered to the
addressee (with the return receipt, the delivery receipt, the answer back or the affidavit of
messenger being deemed conclusive evidence of such delivery) or at such time as delivery is refused
by the addressee upon presentation.

          (b) No Mitigation/No Offset. You are not required to seek other employment or otherwise
mitigate the value of any severance benefits contemplated by this Agreement, nor will any such
benefits be reduced by any earnings or benefits that you may receive from any other source. The
amounts payable hereunder will not be subject to setoff, counterclaim, recoupment, defense or other
right which the Company may have against you or others. Notwithstanding any other provision of
this Agreement, any sum or sums paid under this Agreement will be in lieu of any amounts to which
you may otherwise be entitled under the terms of any severance plan, policy, program, agreement or
other arrangement sponsored by the Company or an affiliate of the Company.

          (c) Waiver of Jury Trial. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE
WAIVED, THE PARTIES HEREBY WAIVE, AND COVENANT THAT THEY WILL NOT ASSERT (WHETHER AS PLAINTIFF,
DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER PROCEEDING ARISING
IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE RELEASE IT CONTEMPLATES,
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, THE
PARTIES AGREE THAT ANY PARTY MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE
OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE THEIR
RIGHTS TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS RELEASE OR TO
ANY OF THE MATTERS CONTEMPLATED UNDER THIS AGREEMENT, RELATING TO YOUR EMPLOYMENT, OR COVERED BY
THE CONTEMPLATED RELEASE.

          (d) Severability. Each provision of this Agreement must be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Agreement is held to
be prohibited by or invalid under applicable law, such provision will be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such provision or
the remaining provisions of this Agreement. Moreover, if a court of competent jurisdiction
determines any of the provisions contained in this Agreement to be unenforceable because the
provision is excessively broad in scope, whether as to duration, activity, geographic application,
subject or otherwise, it will be construed, by limiting or reducing it to the extent legally
permitted, so as to be enforceable to the extent compatible with then applicable law to achieve the
intent of the Parties.

- 13 -

 

          (e) Assignment. This Agreement will be binding upon and will inure to the benefit of your
heirs, beneficiaries, executors and legal representatives upon your death and this Agreement will
be binding upon any legal successor of the Company. Any legal successor of the Company will be
treated as substituted for the Company under the terms of this Agreement for all purposes. You
specifically agree that any assignment may include rights under the restrictive covenants of
Sections 8 and 9. As used herein, “successor” will mean any person, firm, corporation or other
business entity that at any time, whether by purchase or merger or otherwise, directly or
indirectly acquires all or substantially all of the assets or business of the Company.

     None of your rights to receive any form of compensation payable under this Agreement will be
assignable or transferable except through a testamentary disposition or by the laws of descent and
distribution upon your death or as provided in Section 10(h) hereof. Any attempted assignment,
transfer, conveyance or other disposition (other than as aforesaid) of any interest in your rights
to receive any form of compensation hereunder will be null and void; provided, however, that
notwithstanding the foregoing, you will be allowed to transfer vested shares subject to stock
options or the vested portion of other equity awards (other than incentive stock options within the
meaning of Section 422 of the Code) consistent with the rules for transfers to “family members” as
defined in Securities Act Form S-8 to the extent permitted under the terms of the awards.

          (f) No Oral Modification, Cancellation or Discharge. This Agreement may only be amended,
canceled or discharged in writing signed both by you and the Chair of the Compensation Committee.

          (g) Other Agreements. You hereby represent that your performance of all the terms of this
Agreement and the performance of your duties as an employee of the Company does not and will not
breach any agreement to keep in confidence proprietary information, knowledge or data acquired by
you in confidence or in trust prior to your employment with the Company and that you will not
disclose to the Company or induce the Company to use any confidential or proprietary information,
knowledge or material belonging to any previous employer or others. You also represent that you
are not a party to or subject to any restrictive covenants, legal restrictions, policies,
commitments or other agreements in favor of any entity or person that would in any way preclude,
inhibit, impair or limit your ability to perform your obligations under this Agreement, including
non-competition agreements or non-solicitation agreements, and you further represent that your
performance of the duties and obligations under this Agreement does not violate the terms of any
agreement to which you are a party. You agree that you will not enter into any agreement or
commitment or agree to any policy that would prevent or hinder your performance of duties and
obligations under this Agreement.

          (h) Survivorship. The respective rights and obligations of the Company and you hereunder
will survive any termination of your employment to the extent necessary to the intended
preservation of such rights and obligations.

          (i) Beneficiaries. You will be entitled, to the extent applicable law permits, to select
and change the beneficiary or beneficiaries to receive any compensation or benefit payable
hereunder upon your death by giving the Company written notice thereof in a manner

- 14 -

 

consistent with the terms of any applicable plan documents. If you die, severance then due or
other amounts due hereunder will be paid to your designated beneficiary or beneficiaries, or, if
none are designated or none survive you, your estate.

          (j) Withholding. The Company will be entitled to withhold, or cause to be withheld, any
amount of federal, state, city or other withholding taxes or other amounts either required by law
or authorized by you with respect to payments made to you in connection with your employment.

          (k) Company Policies. References in the Agreement to Company policies and procedures are
to those policies as they may be amended from time to time by the Company.

          (l) Governing Law. This Agreement must be construed, interpreted, and governed in
accordance with the laws of Maryland, without reference to rules relating to conflicts of law.

          (m) Entire Agreement. This Agreement and any documents referred to herein represent the
entire agreement of the Parties and will supersede any and all previous contracts, arrangements or
understandings between the Company and you, provided, however, that the terms of any options or
other equity compensation you received in your capacity as Chief Executive Officer before the date
of this Agreement will be governed by the equity terms in Section 4(c) of your employment agreement
with the Company dated February 6, 2010.

Signatures on Page Following

- 15 -

 

     IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed and you have
hereunto set your hand, as of the dates below.

	 	 	 	 	 
	ARBITRON INC.:

 	 
	By:  	/s/ Philip Guarascio
 	 
	 	Philip Guarascio 	 
	 	Chairman of the Arbitron Board of Directors 	 
	 
	EXECUTIVE:

 	 
	 	/s/ William T. Kerr
 	 
	 	William T. Kerr 	 
	 	 	 
	 

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