Document:

EXHIBIT 10.30
                              AMENDED AND RESTATED
                             SUBSCRIPTION AGREEMENT

                                                       As of April 25, 2006

To the Board of Directors of
Media & Entertainment Holdings, Inc.:

Gentlemen:

        The undersigned hereby subscribes for and agrees to purchase 275,000
warrants ("Existing Stockholders' Warrants"), each to purchase one share of
common stock, of Media & Entertainment Holdings, Inc., a Delaware corporation
(the "Corporation"), at $1.00 per Founders' Warrant for an aggregate purchase
price of $275,000 ("Purchase Price"). The purchase and issuance of the Existing
Stockholders' Warrants shall occur simultaneously with the consummation of the
Corporation's initial public offering of securities ("IPO").

        At least 24 hours prior to the effective date of the registration
statement filed in connection with the IPO ("Registration Statement"), the
undersigned shall deliver the Purchase Price (less $50,000, representing the
aggregate amount of the loan made by the undersigned to the Corporation to fund
its working capital requirements prior to the date hereof, which loan is being
repaid out of the proceeds of the IPO) to Greenberg Traurig, LLP to hold until
the Corporation consummates the IPO. Simultaneously with the consummation of the
IPO, Greenberg Traurig, LLP shall deposit the Purchase Price (less $50,000,
representing the aggregate amount of the loan made by the undersigned to the
Corporation to fund its working capital requirements prior to the date hereof,
which loan is being repaid out of the proceeds of the IPO) into the trust fund
("Trust Fund") established by the Corporation for the benefit of the
Corporation's public stockholders as described in the Corporation's Registration
Statement, pursuant to the terms of an Investment Management Trust Agreement to
be entered into between the Corporation and Continental Stock Transfer & Trust
Company. In the event that the IPO is not consummated, Greenberg Traurig, LLP
shall return such amount to the undersigned, without interest or deduction.

        The undersigned represents and warrants that it has been advised that
the Existing Stockholders' Warrants have not been registered under the
Securities Act; that it is acquiring the Existing Stockholders' Warrants for its
account for investment purposes only; that it has no present intention of
selling or otherwise disposing of the Existing Stockholders' Warrants (or the
underlying shares of Common Stock) in violation of the securities laws of the
United States; that it is an "accredited investor" as defined by Rule 501 of
Regulation D promulgated under the Securities Act of 1933, as amended (the
"Securities Act"); and that it is familiar with the proposed business,
management, financial condition and affairs of the Corporation.

<PAGE>

        Moreover, the undersigned agrees that he shall not sell or transfer the
Existing Stockholders' Warrants or any underlying shares of common stock
(collectively, "Insider Securities") until 90 days after the Corporation
consummates a merger, capital stock exchange, asset acquisition or other similar
business combination with an operating business ("Business Combination") and
acknowledges that the certificates for such Existing Stockholders' Warrants
shall contain a legend indicating such restriction on transferability.
Additionally, the undersigned hereby waives any Claim the undersigned may have
in the future as a result of, or arising out of, any contracts or agreements
with the Company and will not seek recourse against the Trust Fund for any
reason whatsoever.

        The Company hereby acknowledges and agrees that, at the time the
warrants issued as part of the units in the IPO become exercisable, the Company
shall allow the undersigned to exercise the Existing Stockholders' Warrants by
surrendering the warrant for that number of shares of common stock equal to the
quotient obtained by dividing (x) the product of the number of shares of common
stock underlying the warrant, multiplied by the difference between the warrant
exercise price and the "Fair Market Value" (defined below) by (y) the Fair
Market Value. The "Fair Market Value" shall mean the average reported last sale
price of the common stock for the 10 trading days ending on the third trading
day prior to the date on which the undersigned delivers notice to the Company of
its intent to exercise the Existing Stockholder's Warrants.

                                                   Very truly yours,

                                                   /s/ Bruce Maggin
                                                   ----------------
                                                   BRUCE MAGGIN
Agreed to:

Media & Entertainment Holdings, Inc.

By: /s/ Harvey Seslowsky
    --------------------
    Name: Harvey Seslowsky
    Title: Chief Operating Officer

Greenberg Traurig, LLP

By: /s/ Alan Annex
    --------------
    Name: Alan Annex
    Title: Shareholder

                                       2EXHIBIT 10.32

                                 August 3, 2006

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

Lazard Capital Markets LLC
30 Rockefeller Plaza
New York, New York 10112

Ladenburg Thalmann & Co. Inc.
153 East 53rd Street
New York, New York 10022

                         ------------------------------------
                     Re: Media & Entertainment Holdings, Inc. ("Company")
                         ------------------------------------

Gentlemen:

        For good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, each of the undersigned hereby agrees with the
Company, Lazard Capital Markets LLC and Ladenburg Thalmann & Co. Inc. to not
propose, or vote in favor of, any amendment to the Company's Certificate of
Incorporation to extend the period of time in which the Company must consummate
a business combination (as is more fully described in the Company's Prospectus
relating to the Company's initial public offering) prior to its liquidation.
Should such a proposal be put before stockholders other than through actions by
any of the undersigned, each of the undersigned hereby agrees to vote against
such proposal. This agreement may not be modified or amended under any
circumstances.

                                                   Very truly yours,

                                                    /s/ Herbert A. Granath
                                                   -----------------------------
                                                   Herbert A. Granath

                                                    /s/ Harvey M. Seslowsky
                                                   -----------------------------
                                                   Harvey M. Seslowsky

                                                    /s/ Robert C. Clauser, Jr.
                                                   -----------------------------
                                                   Robert C. Clauser, Jr.

                                                    /s/ Bruce Maggin
                                                   -----------------------------
                                                   Bruce Maggin

<PAGE>

                                                    /s/ Richard M. Weden
                                                   -----------------------------
                                                   Richard M. Weden

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

                                                    /s/ William A. Roskin
                                                   -----------------------------
                                                   William A. Roskin

                                                   TRANSMEDIA CORPORATION

                                                   By:  /s/ Harvey M. Seslowsky
                                                       -------------------------
                                                   Name: Harvey M. Seslowsky

                                                   HEARST CORPORATION

                                                   By:  /s/ Ronald J. Doerfler
                                                       -------------------------
                                                   Name:  Ronald J. Doerfler
                                                   Title: Senior VP and CFO

Agreed and Accepted:

MEDIA & ENTERTAINMENT
HOLDINGS, INC.

By:  /s/ Harvey M. Seslowsky
    ---------------------------
Name:  Harvey M. Seslowsky
Title: President and Chief Operating Officer

LAZARD CAPITAL MARKETS LLC

By:  /s/ David G. McMillan, Jr.
    ---------------------------
Name:  David G. McMillan, Jr.
Title: Managing Director

LADENBURG THALMANN & CO. INC.

By:  /s/ Steven Kaplan
    ---------------------------
Name:  Steven Kaplan
Title: Managing DirectorEXHIBIT 10.33

                                 August 3, 2006

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

Lazard Capital Markets LLC
30 Rockefeller Plaza
New York, New York 10112

Ladenburg Thalmann & Co. Inc.
153 East 53rd Street
New York, New York 10022

            Re: Media & Entertainment Holdings, Inc. (the "Company")

Gentlemen:

        For good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, each of the undersigned hereby: (i) acknowledges
that the Securities and Exchange Commission has taken the position that Section
4(1) of the Securities Act of 1933, as amended (the "Securities Act"), and Rule
144 under the Securities Act are not available in connection with any resale or
other disposition of his or its (A) shares of the Company's common stock, par
value $.0001 per share (the "Common Stock"), which the undersigned owns as of
the date hereof (and any other shares of Common Stock that may be acquired by
the undersigned prior to completion of the Company's initial public offering),
(B) Company warrants, each of which entitles the holder thereof to purchase one
share of Common Stock, which the undersigned has agreed to purchase in a private
placement transaction at a price of $1.00 per share concurrently with the
consummation of the Company's initial public offering (the "Private Warrants"),
and (C) shares of Common Stock underlying the Private Warrants, notwithstanding
technical compliance therewith, and, therefore, such securities can only be
resold or otherwise disposed of through registration under the Securities Act;
and (ii) agrees that he or it shall not resell or otherwise dispose of his or
its (A) shares of Common Stock owned as of the date hereof (and any other shares
of Common Stock that may be acquired by the undersigned prior to completion of
the Company's initial public offering), (B) Private Warrants to be purchased in
such above-referenced private placement, and (C) shares of Common Stock
underlying the Private Warrants to be purchased in such above-referenced private
placement, either at any time prior to consummation of the Company's initial
public offering or after consummation of the Company's initial public offering,
including, without limitation, after the expiration of the applicable lock-up in
respect of such securities (i.e., 90 days after completion of the Company's
initial business combination, with respect to the Private Warrants and the
shares of Common Stock underlying the Private Warrants, and 12 months after
completion of the Company's initial business combination, with respect to all
shares of Common Stock held by the undersigned as of the date hereof) without
registration under the Securities Act.

<PAGE>

                                                   Very truly yours,

                                                    /s/ Herbert A. Granath
                                                   -----------------------------
                                                   Herbert A. Granath

                                                    /s/ Harvey M. Seslowsky
                                                   -----------------------------
                                                   Harvey M. Seslowsky

                                                    /s/ Robert C. Clauser, Jr.
                                                   -----------------------------
                                                   Robert C. Clauser, Jr.

                                                    /s/ Bruce Maggin
                                                   -----------------------------
                                                   Bruce Maggin

                                                   TRANSMEDIA CORPORATION

                                                   By:  /s/ Harvey M. Seslowsky
                                                       -------------------------
                                                   Name:  Harvey M. Seslowsky
                                                   Title: President

                                                   HEARST CORPORATION

                                                   By:  /s/ Robert J. Doerfler
                                                       -------------------------
                                                   Name:  Robert J. Doerfler
                                                   Title: Senior VP and CFO

Agreed and Accepted:

MEDIA & ENTERTAINMENT
HOLDINGS, INC.

By:  /s/ Harvey M. Seslowsky
    ----------------------------
Name:  Harvey M. Seslowsky
Title: President and Chief Operating Officer

LAZARD CAPITAL MARKETS LLC

By:  /s/ David G. McMillan, Jr.
    ----------------------------
Name:  David G. McMillan, Jr.
Title: Managing Director

LADENBURG THALMANN & CO. INC.

By:  /s/ Steven Kaplan
    ----------------------------
Name:  Steven Kaplan
Title: Managing Director

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