Amendment No. 1 to Agency Agreement between Lifetime Entertainment Services and Hearst-Argyle Television, Inc.
This amendment updates the Agency Agreement between Lifetime Entertainment Services and Hearst-Argyle Television, Inc. regarding negotiations for retransmission rights of certain Hearst broadcast stations. It sets a new expiration date for any Will Carry Agreement negotiated under the original agreement and revises payment terms in Appendix C, specifying per-subscriber fees for additional contract years. Both parties have agreed to these changes as of June 30, 2008.
Exhibit 10.2
June 30, 2008
Hearst-Argyle Television, Inc.
300 West 57th Street, 39th Floor
New York, New York 10019
Re: Agency Agreement
Ladies/Gentlemen:
This Amendment No. 1, (Amendment 1) amends the Agency Agreement dated April 2, 2008 by and between Lifetime Entertainment Services and Hearst-Argyle Television, Inc. (Hearst) regarding negotiation with * 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 negotiated with * pursuant to the Agreement shall expire no later than *.
The first paragraph of Appendix C to the Agreement is hereby amended by amending clause (iii) and adding clauses (iv) and (v) as set forth below.
(iii) For the period * through *, $* per subscriber per month (Contract Year *).
(iv) For the period * through *, $ * per subscriber per month (Contract Year *).
(v) For the period * through *, $* per subscriber per month (Contract Year *).
If the foregoing comports with your understanding, please sign and return the enclosed duplicate copy of this letter.
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| LIFETIME ENTERTAINMENT SERVICES | |
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| /s/ Lori Conkling | |
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| Name: | Lori Conkling |
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| Title: | EVP Distribution |
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Acknowledged and agreed to |
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This 30th day of June, 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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