Amendment No. 3 to Agency Agreement between Lifetime Entertainment Services and Hearst-Argyle Television, Inc.
This document is the third amendment to an existing Agency Agreement between Lifetime Entertainment Services (LES) and Hearst-Argyle Television, Inc. (Hearst). The amendment modifies terms related to negotiations with Comcast Cable Communications for the retransmission of certain Hearst broadcast stations. It sets a new expiration date for any retransmission agreements with Comcast and makes additional changes to specific sections and appendices of the original agreement. Both parties have agreed to these changes as of October 17, 2008.
Exhibit 10.2
October 17, 2008
Hearst-Argyle Television, Inc.
300 West 57th Street, 39th Floor
New York, New York 10019
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| Re: Agency Agreement |
Ladies/Gentlemen:
This Amendment No. 3 (Amendment 3) amends the Agency Agreement dated April 2, 2008, as amended by Amendment No. 1 dated June 30, 2008 and Amendment No. 2 dated August 7, 2008 by and between Lifetime Entertainment Services (LES) and Hearst-Argyle Television, Inc. (Hearst) regarding negotiation with Comcast Cable Communications (Comcast) for the right to retransmit the signals of certain Hearst broadcast stations (the Agreement). All capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Agreement.
Notwithstanding anything to the contrary contained in the Agreement, LES and Hearst agree that the term of any Will Carry Agreement, a/k/a Amended and Restated Digital Retransmission Consent Agreement, negotiated with Comcast pursuant to the Agreement shall expire no later than *.
The first paragraph of Appendix C to the Agreement is hereby amended by *.
Notwithstanding anything to the contrary contained in the Agreement, including, but not limited to, Section *, and for the avoidance of doubt, * shall not apply to *, in accordance with the Will Carry Agreement.
The sentence in Section * of the Agreement stating * is deleted. Notwithstanding the foregoing, LES shall *.
For clarity, LES shall *
Notwithstanding anything to the contrary contained in the Agreement, if *, then *.
If the foregoing comports with your understanding, please sign and return the enclosed duplicate copy of this letter.
| LIFETIME ENTERTAINMENT SERVICES | |
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| /s/ Lori Conkling |
| Name: Lori Conkling | |
| Title: EVP Distribution | |
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Acknowledged and agreed to |
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This 17th day of October, 2008 |
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HEARST-ARGYLE TELEVISION, INC. |
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/s/ Jonathan C. Mintzer |
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Name: Jonathan C. Mintzer |
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Title: Vice President, General Counsel and Secretary |
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* This information has been redacted pursuant to a request for confidential treatment sub mitted to the SEC on October 31, 2008. We have filed the redacted material separately with the SEC.