Fifth Extension of Amended Studio Lease Agreement between The Hearst Corporation and Hearst-Argyle Television, Inc.

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Summary

This agreement extends the term of an existing studio lease between The Hearst Corporation and Hearst-Argyle Television, Inc. The new expiration date for the lease is December 31, 2008, replacing the previous end date of August 31, 2004. All other terms and conditions of the original and amended lease remain unchanged. Both parties have agreed to this extension as of January 1, 2008.

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EX-10.7 4 a2182985zex-10_7.htm EXHIBIT 10.7
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Exhibit 10.7


FIFTH EXTENSION OF AMENDED STUDIO LEASE AGREEMENT

        THIS FIFTH EXTENSION OF THE AMENDED STUDIO LEASE AGREEMENT ("Amendment") is made as of January 1, 2008 by and between THE HEARST CORPORATION, a Delaware corporation ("Hearst"), and HEARST-ARGYLE TELEVISION, INC., a Delaware corporation (the "Company").

W I T N E S S E T H

        WHEREAS, Hearst and the Company entered into a Studio Lease Agreement dated as of August 29, 1997 (the "Studio Lease Agreement"), pursuant to which the Company leased to Hearst the Leased Premises (as defined in the Studio Lease Agreement);

        WHEREAS, Hearst and the Company entered into an Amendment to Studio Lease Agreement dated as of August 29, 2000 (the "Amended Studio Lease Agreement");

        WHEREAS, Hearst and the Company extended the term of the Amended Studio Lease Agreement pursuant to an initial Extension and a subsequent Second Extension of the Amended Studio Lease Agreement; and

        WHEREAS, Hearst and the Company mutually desire to further extend the term of the Amended Studio Lease Agreement, as set forth hereinafter;

        NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Amended Studio Lease Agreement as so amended is hereby extended by substituting the date of December 31, 2008 for the date of August 31, 2004 in paragraph 2 (Term of Lease) in the Studio Lease Agreement as so amended.

        Except as expressly set forth herein, all terms and conditions of the Studio Lease Agreement as so amended shall continue in full force and effect.

        IN WITNESS WHEREOF, the parties have executed this extension of the Studio Lease Agreement as so amended as of the date first above written.

        IN WITNESS WHEREOF, the parties have executed this extension of the Studio Lease Agreement as so amended as of the date first above written.

THE HEARST CORPORATION   HEARST-ARGYLE TELEVISION, INC.

By:
 
/s/  RONALD J. DOERFLER      
 
By:
 
/s/  JONATHAN C. MINTZER      
Name:  Ronald J. Doerfler
Title:    Sr. VP and CFO
Dated: 12/31/07		   Name:  Jonathan C. Mintzer
Title:    Vice President, General Counsel and Secretary
Dated: 12/31/07


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    Exhibit 10.7
FIFTH EXTENSION OF AMENDED STUDIO LEASE AGREEMENT