Extension Agreement for Shared Services and Joint Sales Agreements between Nexstar Broadcasting, Inc. and Mission Broadcasting, Inc. for KSAN-TV

Contract Categories: Business Operations › Services Agreements
Summary

Nexstar Broadcasting, Inc. and Mission Broadcasting, Inc. have agreed to extend their Shared Services Agreement and Joint Sales Agreement for KSAN-TV in San Angelo, Texas. Both agreements, originally set to expire on May 31, 2014, will now continue for an additional ten years, as neither party provided notice to terminate. The extension ensures that Nexstar and Mission will maintain their existing business relationship and obligations regarding the operation and sale of commercial time for KSAN-TV under the same terms as before.

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EX-10.1 2 ksanjsassaextension.htm KSAN JSA AND SSA EXTENSION ksanjsassaextension.htm
Exhibit 10.1

 
May 28, 2014



Mr. Dennis Thatcher
Mission Broadcasting, Inc.
30400 Detroit Road
Suite 304
Westlake, OH  44145

Re:  Shared Services Agreement and Agreement for the Sale of Commercial Time for KSAN-TV, San Angelo, Texas

Dear Dennis:

Nexstar Broadcasting, Inc. (“Nexstar”) and Mission Broadcasting, Inc. (“Mission”) are parties to (1) a Shared Services Agreement (the “SSA”) for broadcast station KSAN-TV, San Angelo, Texas (“KSAN”), dated as of June 1, 2004 (as amended), the initial term of which expires as of May 31, 2014, and (2) an Agreement for the Sale of Commercial Time with respect to KSAN (the “JSA” and, collectively with the SSA, the “Agreements”), also dated as of June 1, 2004, the initial term of which also expires as of May 31, 2014.  Pursuant to Section 7 of the SSA and Section 1(b) of the JSA, the term of each Agreement shall be extended for an additional ten (10) year term, unless either party provides at least six months notice of its intent to terminate such Agreement.

This letter is to confirm that neither Nexstar nor Mission has provided the requisite notice of termination for either Agreement; and it is the parties’ intent that the SSA and JSA continue in effect pursuant to the terms thereof (as amended from time to time).  Accordingly, Nexstar and Mission hereby agree to extend the terms of the SSA and JSA for a period of ten years.  Please confirm Mission’s agreement by signing the enclosed duplicate copy of this letter and returning it to my attention.

Thank you.
 

 
   Sincerely,
   
   
  /s/ Elizabeth Ryder             
  Elizabeth Ryder
  Senior Vice President & General Counsel
 
 

 
 
 
 

 
Acknowledged and Agreed:
Mission Broadcasting, Inc.
   
   
By: /s/ Dennis P. Thatcher
Title: President