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The Top 25 M&A Forecast
[April 14, 2008]

The Top 25 M&A Forecast


(Broadcasting and Cable Via Thomson Dialog NewsEdge) The climate is cooling for TV station mergers and acquisitions, as recession fears linger and the credit crunch makes financing more costly and difficult to obtain.

But there are some warm spots: Election-year advertising is proving solid, and M&A deals still get done. The $1.1 billion sale of eight Fox O&Os to an affiliate of private equity firm Oak Hill Capital Partners changed the landscape. It pushed Fox from first to third in B&C

?s ranking of the Top 25, and made Oak Hill?s Local TV LLC a new member of the Top 25. Lincoln Financial received $583 million in the disposal of three stations to Raycom Media in November, and helped take Raycom from 17th to 15th on the list.

?Stations will sell if they are priced correctly,? says Frank Kalil, president of Kalil & Co., a major TV stations sales broker. ?The chickens are running around crying that the sky is falling, but it?s not true.?


These days, the TV station sales market is divided into haves and have-nots. M&A execs say that TV stations with strong local news are still desirable because it?s expected they?ll negotiate improved retransmission fees from cable operators. Such gains flow straight to the bottom line because there?s little associated expense.

SMALL MARKETS, BIG MULTIPLESAlso, SNL Kagan indicates TV stations in metro markets No. 76 and under are fetching good prices. Such small-market stations sold in 2007 at an average of a 12.5 multiple of cash flow, which is near a recent high, and SNL Kagan now groups small-station sales near the multiples for bigger-market stations, after lagging in recent years. Audiences are less plugged into the Internet in rural America, making them more dependent on traditional media in small cities, and small-market stations often are not aggressively managed by sellers, so buyers expect more upside.

But recession fears and tight credit make financing more difficult to obtain and more costly. ?Prior to five months ago, it was a strong though not overwhelming market for TV stations,? observes Mark Fratrik, VP at BIA Financial Network. ?Until this credit cycle ends?and I don?t see that in 2008?I don?t see a strong market returning.?

With higher financing costs, buyers ratchet down their estimates of what stations will earn in future years. That lowers prices they will pay. ?If the macro environment improves next year, it?ll result in a better pricing environment for sellers,? says Robin Flynn, senior analyst at SNL Kagan. That?s not a pipe dream. Many analysts think things will improve in the second half of the year as the Fed floods the financial sector with cheap money.

KRON: STILL ON THE BLOCKIn the meantime, the inventory of TV stations for sale piles up or properties are withdrawn. A major-market TV station languishing for a buyer is Young Broadcasting?s KRON San Francisco.

Smaller stations not affiliated with a Big Four network are perhaps the weakest segment. Spanish-language broadcaster Equity Media Holdings announced the sale of five small stations April 4 for $8 million, days after alerting its stockholders that it faced a cash crunch. M&A executives expect more forced sales of small stations. Also, some new broadcasting private equity investors ?are just panicked now? and could flood the auction block, said Larry Patrick, media broker at Patrick Communications, speaking at a recent SNL Kagan conference.

Sellers often hope deregulation will help them. In December, an FCC rulemaking loosened the newspaper-broadcast cross-ownership ban, but the FCC did not change rules that would allow TV duopolies in smaller markets, which disappointed many broadcasters. And cross-ownership change is in doubt because opponents immediately filed suit.

Still, with stations holding on to advertising dollars in the fragmenting media landscape, one broker figures TV stations should always find buyers despite any economic gyrations. Says Kalil, ?When TV stations don?t sell, it?s because of an unrealistic price by the seller and an inept sales effort.?

How They Were Ranked

The Top 25 Station Groups in B&C
's annual list are ranked according to the percentage of U.S. TV homes they reach. This potential audience reach is calculated in two ways: by total coverage and by FCC rules. Total coverage assumes the station reaches everyone in the Designated Market Area (DMA). The FCC, meanwhile, discounts by half the reach of UHF stations, those using channels 14 and above. B&C

ranks groups according to the FCC method but also shows total coverage, an increasingly important measurement in a TV landscape where the vast majority of homes get their broadcast programming via a cable, satellite or telco multichannel provider. If a group owns more than one station in the market, the additional coverage is not counted.

BIA Financial Network provides the baseline data for this ranking, with a listing of each group's stations, the affiliate status of those stations and their channels. The station listing includes BIA data for deals announced before March 10; subsequently announced transactions are noted where possible.

Each group's list includes wholly owned stations and those run under local marketing agreements and joint sales agreements. Digital stations, low-power stations, satellite stations, translators, and stations with only cable distribution are also left out because their coverage is duplicative.

Only groups that own three or more stations are included. That means WRNN License Company LLC, which owns WRNN in the New York DMA and WTVE in the Philadelphia market, is excluded. The company's stations, which cover 7.86% of all TV-homes coverage under FCC rules and a total coverage of 9.16%, would have otherwise ranked No. 18.

The rankings also assume that all currently announced deals are completed. As a result, the acquisition of the eight Fox stations by Oak Hill Capital Partners that was announced in December is included in coverage figures for Local TV LLC even though the deal is not expected to close until the third quarter of 2008.

This year's rankings include two new companies. Thanks to the Fox deal, Local TV jumps onto the ranking as the 14th largest station group (and Fox falls from first to third). Multicultural Television Broadcasting, which acquired six stations from E.W. Scripps last year, is ranked for the first time at No. 16.

Two others fell out of the rankings. The sale of the Clear Channel stations to Newport Television was finally completed in March, bumping Clear Channel off the list.

However, Newport Television is selling a number of stations or has put them into a trust, and its remaining stations do not have enough coverage to make the list. Gray Television, which was ranked No. 24 last year, also drops off the rankings.

The data for the rankings and listings was compiled from BIA data and company sources by George Winslow during late March.

1. CBS Corp. CBS, CBS A35.65% coverage (FCC)

27 stations

38.64% coverage (total)

CBS Corp.

51 W. 52nd St.

New York, NY 10019

Phone: 212-975-4321

Website: cbslocal.com
; www.cbscorporation.com

SUMNER M. REDSTONE
, chairman

LESLIE MOONVES
, president/CEO

TOM KANE
, president/CEO, CBS Television Stations

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WCBS

New York (CBS, 2)

1

6.553

6.553

KCBS

Los Angeles (CBS, 2)

2

5.007

5.007

KCAL

Los Angeles (Ind., 9)

2

WBBM

Chicago (CBS, 2)

3

3.076

3.076

KYW

Philadelphia (CBS, 3)

4

2.606

2.606

WPSG

Philadelphia (CW, 57)

4

KTVT

Dallas-Fort Worth (CBS, 11)

5

2.159

2.159

KTXA

Dallas-Fort Worth (Ind., 21)

5

KPIX

San Francisco-Oakland-San Jose (CBS, 5)

6

2.145

2.145

KBCW

San Francisco-Oakland-San Jose (CW, 44)

6

WBZ

Boston (CBS, 4)

7

2.122

2.122

WSBK

Boston (Ind., 38)

7

WUPA

Atlanta (CW, 69)

8

1.024

2.048

WKBD

Detroit (CW, 50)

11

0.8535

1.707

WWJ

Detroit (CBS, 62)

11

WTOG

Tampa-St Petersburg,-Sarasota (CW, 44)

13

0.791

1.582

KSTW

Seattle-Tacoma (CW, 11)

14

1.58

1.58

WCCO

Minneapolis-St. Paul (CBS, 4)

15

1.513

1.513

WFOR

Miami-Fort Lauderdale (CBS, 4)

16

1.362

1.362

WBFS

Miami-Fort Lauderdale (My, 33)

16

KCNC

Denver (CBS, 4)

18

1.31

1.31

KOVR

Sacramento-Stockton-Modesto (CBS, 13)

20

1.234

1.234

KMAX

Sacramento-Stockton-Modesto (CW, 31)

20

KDKA

Pittsburgh (CBS, 2)

22

1.027

1.027

WPCW

Pittsburgh (CW, 19)

22

WJZ

Baltimore (CBS, 13)

24

0.971

0.971

WGNT

Norfolk-Portsmouth-Newport News (CW, 27)

42

0.318

0.636

OTHER MEDIA INTERESTS
: CBS Television Network; joint venture with Warner Bros. in The CW; Showtime Networks; CSTV Networks; CBS Paramount Network Television; CBS Television Distribution; CBS Radio; CBS Outdoor; Simon & Schuster; CBS Consumer Products; CBS Interactive; CBS Outernet (provider of media channels to retail outlets); CBS Mobile; CBS Records; CBS Home Entertainment; CBS Films.

2. ION Media Networks Private(CIG has 100% of voting stock and control of ION Media Networks)

31.86% coverage (FCC)

53 stations

63.07% coverage (total)

601 Clearwater Park Rd.

West Palm Beach, FL 33401

Phone: 561-659-4122

Fax: 561-659-4252

Website: www.ionmedia.tv

BRANDON BURGESS
, chairman/CEO, ION Media Networks

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WPXN

New York (ION, 31)

1

3.2765

6.553

KPXN

Los Angeles (ION, 30)

2

2.5035

5.007

WCPX

Chicago (ION, 38)

3

1.538

3.076

WPPX

Philadelphia (ION, 61)

4

1.303

2.606

KPXD

Dallas-Fort Worth (ION, 68)

5

1.0795

2.159

KKPX

San Francisco-Oakland-San Jose (ION, 65)

6

1.0725

2.145

WBPX

Boston (ION, 68)

7

1.061

2.122

WPXA

Atlanta (ION, 14)

8

1.024

2.048

WPXW

Washington, D.C. (ION, 66)

9

1.023

2.046

KPXB

Houston (ION, 49)

10

0.909

1.818

WPXD

Detroit (ION, 31)

11

0.8535

1.707

KPPX

Phoenix (ION, 51)

12

0.799

1.598

WXPX

Tampa-St. Petersburg-Sarasota (ION, 66)

13

0.791

1.582

KWPX

Seattle-Tacoma (ION, 33)

14

0.79

1.58

KPXM

Minneapolis-St. Paul (ION, 41)

15

0.7565

1.513

WPXM

Miami-Fort Lauderdale (ION, 35)

16

0.681

1.362

WVPX

Cleveland-Akron (ION, 23)

17

0.68

1.36

KPXC

Denver (ION, 59)

18

0.655

1.31

WOPX

Orlando-Daytona Beach-Melbourne (ION; 56)

19

0.6355

1.271

KSPX

Sacramento-Stockton-Modesto (ION; 29)

20

0.617

1.234

KPXG

Portland, Ore. (ION, 22)

23

0.51

1.02

WIPX

Indianapolis (ION, 63)

26

0.475

0.95

WRPX

Raleigh-Durham (ION, 47)

28

0.461

0.922

WFPX

Raleigh-Durham (ION, 62)

28

WHPX

Hartford-New Haven (ION, 26)

29

0.4465

0.893

WNPX

Nashville, Tenn. (ION, 28)

30

0.4285

0.857

KPXE

Kansas City, Kan.-Mo. (ION, 50)

31

0.411

0.822

WPXE

Milwaukee (ION, 55)

34

0.395

0.79

KUPX

Salt Lake City (ION, 16)

35

0.3875

0.775

KPXL

San Antonio (ION, 26)

37

0.3515

0.703

WPXP

West Palm Beach-Fort Pierce (ION, 67)

38

0.3435

0.687

WZPX

Grand Rapids-Kalamazoo-Battle Creek (ION, 43)

39

0.328

0.656

WPXH

Birmingham, Ala. (ION, 44)

40

0.324

0.648

WPXV

Norfolk-Portsmouth-Newport News (ION, 49)

42

0.318

0.636

KOPX

Oklahoma City (ION, 62)

45

0.3

0.6

WGPX

Greensboro-High Point-Winston-Salem (ION, 16)

46

0.298

0.596

WPXX

Memphis (My, 50)

47

0.296

0.592

WPXC

Jacksonville (ION, 21)

49

0.2905

0.581

WPXJ

Buffalo, N.Y. (ION, 51)

50

0.282

0.564

WPXQ

Providence, R.I.-New Bedford, Mass. (ION, 69)

52

0.278

0.556

WPXL

New Orleans (ION, 49)

53

0.266

0.532

WQPX

Wilkes Barre-Scranton (ION, 64)

54

0.2625

0.525

WYPX

Albany-Schenectady-Troy (ION, 50)

56

0.491

0.491

WPXK

Knoxville (ION, 54)

58

0.237

0.474

KTPX

Tulsa (ION, 44)

60

0.2305

0.461

WUPX

Lexington, Ky. (ION, 67)

63

0.2175

0.435

WLPX

Charleston-Huntington, W. Va. (ION, 29)

65

0.2115

0.423

KFPX

Des Moines-Ames, Iowa (ION, 39)

71

0.1885

0.377

KGPX

Spokane (ION, 34)

77

0.179

0.358

WSPX

Syracuse (ION, 56)

80

0.1715

0.343

KPXR

Cedar Rapids-Waterloo-Iowa City (ION, 48)

87

0.1505

0.301

WEPX

Greenville-New Bern, N.C. (ION, 38)

105

0.1225

0.245

WTPX

Wausau-Rhinelander, Wis. (ION, 46)

134

0.162

0.162

OTHER MEDIA INTERESTS
: ION Television; low-power TV stations; ION Life digital network; 51% interest in kids' TV network, Qubo.

3. Fox Television Stations NWS(subsidiary of News Corp. Ltd.)

31.36% coverage (FCC)

27 stations

37.34% coverage (total)

1211 Avenue of the Americas, 21st Floor

New York, NY 10036

Phone: 212-301-5400

Website: www.newscorp.com

K. RUPERT MURDOCH
, chairman, News Corp.

ROGER AILES
, chairman/CEO, Fox News; chairman, Fox Television Stations; chairman, Twentieth Television

JACK ABERNETHY
, CEO, Fox Television Stations

DENNIS SWANSON
, president, Fox Television Station Operations

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WNYW

New York (Fox, 5)

1

6.553

6.553

WWOR

New York (My, 9)

1

KTTV

Los Angeles (Fox, 11)

2

5.007

5.007

KCOP

Los Angeles (My, 13)

2

WFLD

Chicago (Fox, 32)

3

1.538

3.076

WPWR

Chicago (My, 50)

3

WTXF

Philadelphia (Fox, 29)

4

1.303

2.606

KDFW

Dallas-Fort Worth (Fox, 4)

5

2.159

2.159

KDFI

Dallas-Fort Worth (My, 27)

5

WFXT

Boston (Fox, 25)

7

1.061

2.122

WAGA

Atlanta (Fox, 5)

8

2.048

2.048

WTTG

Washington, D.C. (Fox, 5)

9

2.046

2.046

WDCA

Washington (My, 20)

9

KTXH

Houston (My, 20)

10

0.909

1.818

KRIV

Houston (Fox, 26)

10

WJBK

Detroit (Fox, 2)

11

1.707

1.707

KSAZ

Phoenix (Fox, 10)

12

1.598

1.598

KUTP

Phoenix (My, 45)

12

WTVT

Tampa-St Petersburg-Sarasota (Fox, 13)

13

1.582

1.582

KMSP

Minneapolis-St. Paul (Fox, 9)

15

1.513

1.513

WFTC

Minneapolis-St. Paul (My, 29)

15

WJW

Cleveland-Akron, Ohio (Fox, 8)

17

1.381

1.381

WOFL

Orlando-Daytona Beach-Melbourne (Fox, 35)

19

0.6355

1.271

WRBW

Orlando-Daytona Beach-Melbourne (My, 65)

19

WUTB

Baltimore (My, 24)

24

0.4855

0.971

WHBQ

Memphis (Fox, 13)

47

0.592

0.592

KTBC

Austin, Tex. (Fox, 7)

51

0.564

0.564

WOGX

Gainesville, Fla. (Fox, 51)

162

0.0545

0.109

OTHER MEDIA INTERESTS
: Fox Broadcasting Co.; MyNetworkTV; Fox Filmed Entertainment; Fox Television Studios; 20th Century Fox Television; Twentieth Television; 20th Century Fox; cable channels including Fox News Channel, Fox Movie Channel, FX, Speed, Fox College Sports, Fox Reality, Fuel TV, Fox Sports en Espa?ol, Fox Sports Net, Fox Soccer Channel, Fox Business Network, regional sports networks, 50% of National Geographic Channel; largest shareholder in Gemstar TV Guide International; international DTH platforms (BSkyB, Star TV, etc.); largest English-language newspaper publisher with properties in Australia, U.K. and the U.S., where it owns Dow Jones and The Wall Street Journal; HarperCollins and other book imprints; Web incubator Slingshot Labs; largest investor in digital pay-TV equipment and software vendor NDS; MySpace.com; Fox Interactive Media; Intermix; ign.com; Fox.com; WSJ.com; Stats.com (joint venture with The Associated Press); Hulu.com (joint venture with NBC Universal; Providence Equity Partners has made a $100 million investment); numerous other Websites tied to channels and newspapers.

4. NBC Universal GE(subsidiary of 80% owner General Electric; 20% owned by Vivendi Universal)

30.41% coverage (FCC)

25 stations

35.86% coverage (total)

30 Rockefeller Plaza

New York, NY 10112

Phone: 212-664-4444

Fax: 212-664-4085

Website: www.nbc.com

JEFFREY IMMELT
, chairman/CEO, GE

BOB WRIGHT
, vice chairman, General Electric

JEFF ZUCKER
, president/CEO, NBC Universal

JOHN WALLACE
, president, NBC Owned & Operated Television Stations

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WNBC

New York (NBC, 4)

1

6.553

6.553

WNJU

New York (Tel, 47)

1

KNBC

Los Angeles (NBC, 4)

2

5.007

5.007

KWHY

Los Angeles (Tel, 22)

2

KVEA

Los Angeles (Tel, 52)

2

WMAQ

Chicago (NBC, 5)

3

3.076

3.076

WSNS

Chicago, (Tel, 44)

3

WCAU

Philadelphia (NBC, 10)

4

2.606

2.606

KXAS

Dallas-Fort Worth (NBC, 5)

5

2.159

2.159

KXTX

Dallas-Fort Worth (Tel, 39)

5

KNTV

San Francisco-Oakland-San Jose (NBC, 11)

6

2.145

2.145

KSTS

San Francisco-Oakland-San Jose (Tel, 48)

6

WNEU

Boston (Tel, 60)

7

1.061

2.122

WRC

Washington, D.C. (NBC, 4)

9

2.046

2.046

KTMD

Houston (Tel, 47)

10

0.909

1.818

KTAZ

Phoenix (Tel, 39)

12

0.799

1.598

WTVJ*

Miami-Fort Lauderdale (NBC, 6)

16

1.362

1.362

WSCV

Miami-Fort Lauderdale (Tel, 51)

16

KDEN

Denver (Tel, 25)

18

0.655

1.31

KNSD

San Diego (NBC, 39)

27

0.466

0.932

WVIT*

Hartford-New Haven (NBC, 30)

29

0.4465

0.893

KVDA

San Antonio (Tel, 60)

37

0.3515

0.703

KBLR

Las Vegas (Tel, 39)

43

0.3135

0.627

KNSO

Fresno-Visalia (Tel, 51)

55

0.252

0.504

KHRR

Tucson (Tel, 40)

68

0.198

0.396

*NBC Universal has announced it intends to sell these stations.

OTHER MEDIA INTERESTS
: NBC TV Network; Spanish-language Telemundo network; Universal Media Studios; NBC Universal Television Distribution; Universal Pictures; Universal Studios Home Entertainment; cable channels Bravo, Sci Fi Channel, USA Networks, Oxygen Media, Universal HD, CNBC, NBC Weather Plus, Chiller, Sleuth, MSNBC (with Microsoft), A&E Television Networks (joint venture with Disney and Hearst), Sundance Channel (venture with Showtime Networks and Robert Redford), mun2, Telemundo International and international channels; GE Equity and NBC Universal own 37% of ShopNBC; Universal Parks and Resorts; NBC Universal Digital Media; Hulu.com (venture with News Corp.; Providence Equity Partners has $100 million investment); iVillage.com; many Websites tied to channels and products.

5. Tribune Co. Private(Tribune Employee Stock Ownership Plan owns 100%; EGI-TRB, an entity run by Sam Zell, invested $315 million in the $8.2 billion buyout, which closed on Dec. 20, 2007, and has a warrant allowing Zell to purchase 40% of the company's common equity)

27.53% coverage (FCC)

23 stations

35.48% coverage (total)

435 N. Michigan Ave.

Chicago, IL 60611

Phone: 312-222-3333

Fax: 312-329-0611

Website: www.tribune.com

SAM ZELL
, chairman/CEO, Tribune Co.

RANDY MICHAELS
, executive VP, Tribune Co.; CEO, Tribune Interactive and Broadcasting

GERALD SPECTOR
, executive VP/chief administrative officer, Tribune Co.

ED WILSON
, president, Tribune Broadcasting

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WPIX

New York (CW, 11)

1

6.553

6.553

KTLA

Los Angeles (CW, 5)

2

5.007

5.007

WGN

Chicago (CW, 9)

3

3.076

3.076

WPHL

Philadelphia (My, 17)

4

1.303

2.606

KDAF

Dallas-Fort Worth (CW, 33)

5

1.0795

2.159

WDCW

Washington (CW, 50)

9

1.023

2.046

KHCW

Houston (CW, 39)

10

0.909

1.818

KCPQ

Seattle-Tacoma (Fox, 13)

14

1.58

1.58

KMYQ

Seattle-Tacoma (My, 22)

14

WSFL

Miami-Fort Lauderdale (CW, 39)

16

0.681

1.362

KWGN

Denver (CW, 2)

18

1.31

1.31

KTXL

Sacramento-Stockton-Modesto (Fox, 40)

20

0.617

1.234

KPLR

St. Louis (CW, 11)

21

1.103

1.103

KRCW

Portland, Ore. (CW, 32)

23

0.51

1.02

WTTV

Indianapolis (CW, 4)

26

0.95

0.95

WXIN

Indianapolis (Fox, 59)

26

KSWB?

San Diego (CW, 69)

27

0.466

0.932

WTXX

Hartford-New Haven (CW, 20)

29

0.4465

0.893

WTIC

Hartford-New Haven. (Fox, 61)

29

WXMI

Grand Rapids-Kalamazoo (Fox, 17)

39

0.328

0.656

WPMT

Harrisburg-Lancaster-Lebanon, Pa. (Fox, 43)

41

0.321

0.642

WGNO

New Orleans (ABC, 26)

53

0.266

0.532

WNOL

New Orleans (CW, 38)

53

?Will change affiliation from CW to Fox in August

OTHER MEDIA INTERESTS
: 9 metro English-language daily newspapers (including the Chicago Tribune and Los Angeles Times); free-distribution newspapers RedEye and amNewYork; Spanish-language newspapers Hoy in Los Angeles and Chicago and El Sentinel in Orlando and South Florida; Tribune Entertainment; Tribune Media Services; CLTV Chicago cable news channel; WGN-AM in Chicago; Superstation WGN; Food Network (minority stake); Tribune Interactive; has more than 50 Websites including CareerBuilder (41%); Classified Ventures (28%), which owns Apartments.com and Cars.com; ShopLocal (43%); Topix.net (34%); and ForSalesByOwner.com. Plans to complete the sale of the Chicago Cubs, Wrigley Field and related real estate, and its 25% stake in Comcast SportsNet Chicago in the first half of 2008.

6. ABC TV Stations Group DIS(subsidiary of Walt Disney Co.)

23.17% coverage (FCC)

10 stations

23.42% coverage (total)

77 W. 66th St.

New York, NY 10023

Phone: 212-456-7777

Website: www.abc.com

ROBERT IGER
, president/CEO, Disney

WALTER LISS
, president, ABC Owned Television Stations

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WABC

New York (ABC, 7)

1

6.553

6.553

KABC

Los Angeles (ABC, 7)

2

5.007

5.007

WLS

Chicago (ABC, 7)

3

3.076

3.076

WPVI

Philadelphia (ABC, 6)

4

2.606

2.606

KGO

San Francisco-Oakland-San Jose (ABC, 7)

6

2.145

2.145

KTRK

Houston (ABC, 13)

10

1.818

1.818

WTVD

Raleigh-Durham (ABC, 11)

28

0.922

0.922

KFSN

Fresno-Visalia (ABC, 30)

55

0.252

0.504

WJRT

Flint-Saginaw-Bay City (ABC, 12)

66

0.417

0.417

WTVG

Toledo (ABC, 13)

72

0.376

0.376

OTHER MEDIA INTERESTS
: ABC Television Network; ABC Entertainment TV Group (production and primetime development); Walt Disney Television Animation; ABC Studios; Disney-ABC Domestic Television Distribution; Disney-ABC Television International; cable networks: Disney Channel, Toon Disney, ABC Family, SOAPnet, Jetix; 80% of ESPN, 50% of Lifetime Television (with Hearst Corp.), A&E Television Networks (joint venture with NBC and Hearst); international channels; ABC News Radio; Radio Disney; Walt Disney Pictures; Touchstone Pictures; Miramax Films; Buena Vista Motion Picture Group; Walt Disney Studios Home Entertainment; Walt Disney Parks and Resorts; Disney Consumer Products; Disney Publishing Worldwide; Hyperion Books; Walt Disney Internet Group; ABC News Digital Media Group; ABCNews.com; live and on-demand broadband news channel ABC News Now; new-media content studio Stage 9 Digital Media.

7. Univision(owned by an investor group including Madison Dearborn Partners, Providence Equity Partners, Saban Capital Group, Thomas H. Lee Partners and TPG)

22.97% coverage (FCC)

37 stations

43.96% coverage (total)

605 Third Ave.

New York, NY 10158

Phone: 212-455-5200

Website: www.univision.net

JOE UVA
, CEO

RAY RODRIGUEZ
, president/COO

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WXTV

New York (Uni, 41)

1

3.2765

6.553

WFUT

New York (Tlf, 68)

1

KMEX

Los Angeles (Uni, 34)

2

2.5035

5.007

KFTR

Los Angeles (Tlf, 46)

2

WXFT

Chicago (Tlf, 60)

3

1.538

3.076

WGBO

Chicago (Uni, 66)

3

WUVP

Philadelphia (Uni, 65)

4

1.303

2.606

KUVN

Dallas-Fort Worth (Uni, 23)

5

1.0795

2.159

KSTR

Dallas-Fort Worth (Tlf, 49)

5

KDTV

San Francisco-Oakland-San Jose (Uni, 14)

6

1.0725

2.145

KFSF

San Francisco-Oakland-San Jose (Tlf, 66)

6

WUTF

Boston (Tlf, 66)

7

1.061

2.122

WUVG

Atlanta (Uni, 34)

8

1.024

2.048

WFDC

Washington, D.C. (Uni, 14)

9

1.023

2.046

KXLN

Houston (Uni, 45)

10

0.909

1.818

KFTH

Houston (Tlf, 67)

10

KFPH

Phoenix (Tlf, 13)

12

1.598

1.598

KTVW

Phoenix (Uni, 33)

12

WFTT

Tampa-St. Petersburg-Sarasota (Tlf, 50)

13

0.791

1.582

WLTV

Miami-Fort Lauderdale (Uni, 23)

16

0.681

1.362

WAMI

Miami-Fort Lauderdale (Tlf, 69)

16

WQHS

Cleveland-Akron (Uni, 61)

17

0.68

1.36

KTFD

Denver (Tlf, 14)

18

0.655

1.31

WOTF

Orlando-Daytona Beach-Melbourne (Tlf, 43)

19

0.6355

1.271

KUVS

Sacramento-Stockton-Modesto (Uni, 19)

20

0.617

1.234

KTFK

Sacramento-Stockton-Modesto (Tlf, 64)

20

WUVC

Raleigh-Durham (Uni, 40)

28

0.461

0.922

KUTH

Salt Lake City (Uni, 32)

35

0.3875

0.775

KWEX

San Antonio (Uni, 41)

37

0.3515

0.703

KTFQ

Albuquerque-Santa Fe (Tlf, 14)

44

0.3005

0.601

KNIC

Austin, Texas (Tlf, 17)

51

0.282

0.564

KAKW

Austin, Texas (Uni, 62)

51

KFTV

Fresno-Visalia (Uni, 21)

55

0.252

0.504

KTFF

Fresno-Visalia (Tlf, 61)

55

KFTU

Tucson (Tlf, 3)

68

0.396

0.396

KUVE

Tucson (Uni, 46)

68

KUVI

Bakersfield, Calif. (My, 45)

125

0.0965

0.193

OTHER MEDIA INTERESTS
: Univision and TeleFutura broadcast networks; Galavisi?n cable network; Univision Radio, which owns and/or operates 69 radio stations in 16 of the top 25 U.S. Hispanic markets and four stations in Puerto Rico; Univision Music Group (the largest Latin music operation in the U.S., with labels such as Univision Records, Fonovisa Records, La Calle Records, Disa Records); Univision Online; Univision.com; TuTV (50/50 joint venture with Televisa that owns five Hispanic-targeted cable and satellite networks in the U.S.).

8. Trinity Broadcasting Network Private17.89% coverage (FCC)

24 stations

35.19% coverage (total)

2442 Michelle Drive

Tustin, CA 92780

Phone: 714-832-2950

Fax: 714-665-2191

Website: www.tbn.org

PAUL F. CROUCH
, president

PAUL F. CROUCH Jr.
, chief of staff

RUTH BROWN
, CFO

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WTBY

New York (TBN, 54)

1

3.2765

6.553

KTBN

Los Angeles (TBN, 40)

2

2.5035

5.007

WWTO

Chicago (TBN, 35)

3

1.538

3.076

WGTW

Philadelphia (TBN, 48)

4

1.303

2.606

KDTX

Dallas-Fort Worth (TBN, 58)

5

1.0795

2.159

WHSG

Atlanta (TBN, 63)

8

1.024

2.048

KPAZ

Phoenix (TBN, 21)

12

0.799

1.598

KTBW

Seattle-Tacoma (TBN, 20)

14

0.79

1.58

WHFT

Miami-Fort Lauderdale (TBN, 45)

16

0.681

1.362

WDLI

Cleveland-Akron (TBN, 17)

17

0.68

1.36

WHLV

Orlando-Daytona Beach-Melbourne (Ind., 52)

19

0.6355

1.271

WCLJ

Indianapolis (Ind., 42)

26

0.475

0.95

WPGD

Nashville (TBN, 50)

30

0.4285

0.857

WTJP

Birmingham, Ala. (TBN, 60)

40

0.324

0.648

KNAT

Albuquerque-Santa Fe (Ind., 23)

44

0.3005

0.601

KTBO

Oklahoma City (TBN, 14)

45

0.6

0.6

WBUY

Memphis (Ind., 40)

47

0.296

0.592

KDOR

Tulsa (TBN, 17)

60

0.2305

0.461

WMPV

Mobile, Ala.-Pensacola, Fla. (Ind., 21)

61

0.2295

0.459

WKOI

Dayton (TBN, 43)

62

0.2265

0.453

KAAH

Honolulu (TBN, 26)

73

0.188

0.376

WELF

Chattanooga (TBN, 23)

86

0.157

0.314

WMCF

Montgomery, Ala. (TBN, 45)

118

0.108

0.216

KTAJ

St. Joseph, Mo. (TBN, 16)

201

0.0205

0.041

OTHER MEDIA INTERESTS
: more than 240 low-power TV stations; cable channels TBN, The Church Channel, TBN Enlace USA, JCTV, TBN Europe, TBN Africa, TBN Asia-South Pacific; Trinity Christian Center International; Trinity Music City USA; International Production Center; TBN Films; Smile of a Child; TBN Radio Paradise; KTBN short-wave radio; Holyland Experience Theme Park in Orlando

9. Gannett Broadcasting GCI16.44% coverage (FCC)

21 stations

16.61% coverage (total)

7950 Jones Branch Drive

McLean, VA 22107

Phone: 703-854-6000

Fax: 703-854-2002

Website: www.gannett.com

CRAIG A. DUBOW
, chairman/president/CEO, Gannett Co. Inc.

DAVID LOUGEE
, president, Gannett Broadcasting

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WXIA

Atlanta (NBC, 11)

8

2.048

2.048

WATL

Atlanta (My, 36)

8

WUSA

Washington, D.C. (CBS, 9)

9

2.046

2.046

KPNX

Phoenix (NBC, 12)

12

1.598

1.598

KARE

Minneapolis-St. Paul (NBC, 11)

15

1.513

1.513

WKYC

Cleveland-Akron (NBC, 3)

17

1.36

1.36

KUSA

Denver (NBC, 9)

18

1.31

1.31

KTVD

Denver (My, 20)

18

KXTV

Sacramento-Stockton-Modesto (ABC, 10)

20

1.234

1.234

KSDK

St. Louis (NBC, 5)

21

1.103

1.103

WZZM

Grand Rapids-Kalamazoo (ABC, 13)

39

0.656

0.656

WFMY

Greensboro-High Pt.-Winston-Salem (CBS, 2)

46

0.596

0.596

WTLV

Jacksonville (NBC, 12)

49

0.581

0.581

WJXX

Jacksonville (ABC, 25)

49

WGRZ

Buffalo (NBC, 2)

50

0.564

0.564

KTHV

Little Rock-Pine Bluff (CBS, 11)

57

0.49

0.49

WBIR

Knoxville (NBC, 10)

58

0.474

0.474

WCSH

Portland-Auburn, Maine (NBC, 6)

76

0.361

0.361

WLTX

Columbia, S.C. (CBS, 19)

81

0.17

0.34

WMAZ

Macon, Ga. (CBS, 13)

121

0.208

0.208

WLBZ

Bangor, Maine (NBC, 2)

152

0.127

0.127

OTHER MEDIA INTERESTS
: Captivate, an elevator-based video advertising network; 85 daily U.S. newspapers, including USA Today and USA Weekend; nearly 1,000 non-daily publications; U.K.-based Newsquest PLC, which owns 17 daily newspapers and 300 non-daily publications; Career Builder.com (40.8%); Classified Ventures (23.6%); ShopLocal.com (42.5%); Topix.net (33.7%); Shermans Travel (17.9%); mobile information service 4INFO (minority interest); rich-media firm PointRoll; digital action sports-channel provider X.com; online search and advertising technology provider Planet Discovery; local entertainment Website company Metromix (joint venture with Tribune); Schedule Star (controlling interest), which operates HighSchoolSports.net; USAToday.com and many other Websites linked to TV stations and newspapers.

10. Hearst-Argyle Television Inc. HTV(75.8% owned by privately held Hearst Corp.)

15.28% coverage (FCC)

27 stations

15.85% coverage (total)

888 Seventh Ave.

New York, NY 10106

Phone: 212-887-6800

Fax: 212-887-6875

Website: www.hearstargyle.com

VICTOR GANZI
, president/CEO, Hearst Corp.; chairman, Hearst-Argyle Television

DAVID BARRETT
, president/CEO, Hearst-Argyle Television

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WCVB

Boston (ABC, 5)

7

2.122

2.122

WMUR

Boston (ABC, 9)

7

WESH

Orlando-Daytona Beach-Melbourne (NBC, 2)

19

1.271

1.271

WKCF

Orlando-Daytona Beach-Melbourne (CW, 18)

19

KCRA

Sacramento-Stockton-Modesto (NBC, 3)

20

1.234

1.234

KQCA

Sacramento-Stockton-Modesto (My, 58)

20

WTAE

Pittsburgh (ABC, 4)

22

1.027

1.027

WBAL

Baltimore (NBC, 11)

24

0.971

0.971

KMBC

Kansas City, Kan.-Mo. (ABC, 9)

31

0.822

0.822

KCWE

Kansas City, Kan.-Mo. (CW, 29)

31

WLWT

Cincinnati (NBC, 5)

33

0.802

0.802

WISN

Milwaukee (ABC, 12)

34

0.79

0.79

WYFF

Greenville-Spartanburg-Asheville (NBC, 4)

36

0.743

0.743

WGAL

Harrisburg-Lancaster-Lebanon, Pa. (NBC, 8)

41

0.642

0.642

KOAT

Albuquerque-Santa Fe (ABC, 7)

44

0.601

0.601

KOCO

Oklahoma City (ABC, 5)

45

0.6

0.6

WXII

Greensboro-High Pt.-Winston-Salem (NBC, 12)

46

0.596

0.596

WLKY

Louisville, Ky. (CBS, 32)

48

0.2915

0.583

WDSU

New Orleans (NBC, 6)

53

0.532

0.532

KCCI

Des Moines-Ames, Iowa (CBS, 8)

71

0.377

0.377

KITV

Honolulu (ABC, 4)

73

0.376

0.376

KETV

Omaha (ABC, 7)

75

0.361

0.361

WMTW

Portland-Auburn, Maine (ABC, 8)

76

0.361

0.361

WAPT

Jackson, Miss. (ABC, 16)

90

0.148

0.296

WPTZ

Burlington, Vt.-Plattsburgh, N.Y. (NBC, 5)

92

0.291

0.291

KHBS

Fort Smith-Fayetteville-Springdale (ABC, 40)

102

0.128

0.256

KSBW

Monterey-Salinas, Calif. (NBC, 8)

124

0.198

0.198

OTHER MEDIA INTERESTS
: Two radio stations; 14 digital simulcast channels; approximately 24% of Internet Broadcasting Systems Inc. (site developer). Parent Hearst Corp. owns: Hearst Entertainment: Lifetime Entertainment Services (50/50 joint venture with Disney); NE England Cable News (joint venture with Comcast); 20% of ESPN; A&E Television Networks (joint venture with NBC and Disney); Cosmopolitan Television, which has cable networks in Spain and Latin America; 12 daily newspapers; 19 U.S. magazines, including Esquire, Town & Country, Good Housekeeping, Harper's Bazaar, Cosmopolitan and more than 200 international editions; King Features; many Websites tied to newspapers, television stations and magazines, and a variety of investments and partnerships in interactive media.

11. Belo Corp. BLC13.47% coverage (FCC)

21 stations

14.24% coverage (total)

400 S. Record St.

Dallas, TX 75202-4841

Phone: 214-977-6606

Fax: 214-977-6603

Website: www.belo.com

ROBERT W. DECHERD
, chairman

DUNIA SHIVE
, president, CEO

PETER DIAZ
, executive VP, television operations

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WFAA

Dallas-Fort Worth (ABC, 8)

5

2.159

2.159

KHOU

Houston (CBS, 11)

10

1.818

1.818

KTVK

Phoenix (Ind., 3)

12

1.598

1.598

KASW

Phoenix (CW, 61)

12

KING

Seattle-Tacoma (NBC, 5)

14

1.58

1.58

KONG

Seattle-Tacoma (Ind., 16)

14

KMOV

St. Louis (CBS, 4)

21

1.103

1.103

KGW

Portland, Ore. (NBC, 8)

23

1.02

1.02

WCNC

Charlotte, N.C. (NBC, 36)

25

0.481

0.962

KCWX**

San Antonio (CW, 2)

37

0.703

0.703

KENS

San Antonio (CBS, 5)

37

WVEC

Norfolk-Portsmouth-Newport News (ABC, 13)

42

0.636

0.636

WHAS

Louisville, Ky. (ABC, 11)

48

0.583

0.583

KVUE

Austin, Texas (ABC, 24)

51

0.282

0.564

WWL

New Orleans (CBS, 4)

53

0.532

0.532

WUPL

New Orleans (My, 54)

53

KMSB

Tucson (Fox, 11)

68

0.396

0.396

KTTU

Tucson (My, 18)

68

KREM

Spokane (CBS, 2)

77

0.358

0.358

KSKN

Spokane (CW, 22)

77

KTVB

Boise (NBC, 7)

113

0.223

0.223

**Lease management agreement

OTHER MEDIA INTERESTS
: Low-power TV stations; owns three cable news channels, including NorthWest Cable News and Texas Cable News; operates four other cable news channels in partnership with Cox Communications; many Websites affiliated with TV properties. In 2008, newspaper and TV operations were split into two companies and A.H. Belo, which owns such newspapers as the Dallas Morning News, Providence Journal, The Press-Enterprise (Riverside, Calif.) and Denton (Texas) Record-Chronicle, is now a separately traded company.

12. Sinclair Broadcast Group SBGI12.34% coverage (FCC)

55 stations

21.60% coverage (total)

10706 Beaver Dam Rd.

Hunt Valley, MD 21030

Phone: 410-568-1500

Fax: 410-568-1533

Website: www.sbgi.net

DAVID D. SMITH
, president/CEO

STEVEN M. MARKS
, COO, television

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WTTA

Tampa-St Petersburg-Sarasota (My, 38)

13

0.791

1.582

WUCW

Minneapolis-St. Paul (CW, 23)

15

0.7565

1.513

KDNL

St. Louis (ABC, 30)

21

0.5515

1.103

WPMY

Pittsburgh (My, 22)

22

0.5135

1.027

WPGH

Pittsburgh (Fox, 53)

22

WBFF

Baltimore (Fox, 45)

24

0.4855

0.971

WNUV**

Baltimore (CW, 54)

24

WLFL

Raleigh-Durham (CW, 22)

28

0.461

0.922

WRDC

Raleigh-Durham (My, 28)

28

WZTV

Nashville (Fox, 17)

30

0.4285

0.857

WUXP

Nashville (My, 30)

30

WNAB**

Nashville (CW, 58)

30

WSYX

Columbus, Ohio (ABC, 6)

32

0.803

0.803

WTTE**

Columbus, Ohio (Fox, 28)

32

WSTR

Cincinnati (My, 64)

33

0.401

0.802

WVTV

Milwaukee (CW, 18)

34

0.395

0.79

WCGV

Milwaukee (My, 24)

34

WLOS

Greenville-Spartanburg-Asheville (ABC, 13)

36

0.743

0.743

WMYA**

Greenville-Spartanburg-Asheville (My, 40)

36

KABB

San Antonio (Fox, 29)

37

0.3515

0.703

KMYS

San Antonio (My, 35)

37

WTTO

Birmingham, Ala. (CW, 21)

40

0.324

0.648

WABM

Birmingham, Ala. (My, 68)

40

WTVZ

Norfolk-Portsmouth-Newport News (My, 33)

42

0.318

0.636

KVMY

Las Vegas (My, 21)

43

0.3135

0.627

KVCW

Las Vegas (CW, 33)

43

KOKH

Oklahoma City (Fox, 25)

45

0.3

0.6

KOCB

Oklahoma City (CW, 34)

45

WXLV

Greensboro-High Pt.-Winston-Salem (ABC, 45)

46

0.298

0.596

WMYV

Greensboro-High Pt.-Winston-Salem (My, 48)

46

WUTV

Buffalo (Fox, 29)

50

0.282

0.564

WNYO

Buffalo (My, 49)

50

WRLH

Richmond-Petersburg, Va. (Fox, 35)

59

0.2335

0.467

WEAR

Mobile, Ala.-Pensacola, Fla. (ABC, 3)

61

0.459

0.459

WFGX

Mobile, Ala.-Pensacola, Fla. (My, 35)

61

WKEF

Dayton (ABC, 22)

62

0.2265

0.453

WRGT**

Dayton (Fox, 45)

62

WDKY

Lexington, Ky. (Fox, 56)

64

0.2175

0.435

WCHS

Charleston-Huntington, W. Va. (ABC, 8)

65

0.423

0.423

WVAH**

Charleston-Huntington, W. Va. (Fox, 11)

100

WSMH

Flint-Saginaw-Bay City, Mich. (Fox, 66)

66

0.2085

0.417

KDSM

Des Moines-Ames, Iowa (Fox, 17)

71

0.1885

0.377

WGME

Portland-Auburn, Maine (CBS, 13)

76

0.361

0.361

WUHF

Rochester, N.Y. (Fox, 31)

78

0.174

0.348

KBSI

Paducah, Ky.-Cape Girardeau, Mo. (Fox, 23)

79

0.173

0.346

WNTS**

Syracuse (My, 43)

80

0.1715

0.343

WSYT

Syracuse (Fox, 68)

80

WICS

Champaign-Springfield-Decatur, Ill. (ABC, 20)

84

0.168

0.336

WMSN

Madison, Wis. (Fox, 47)

85

0.1655

0.331

KGAN

Cedar Rapids-Waterloo-Iowa City (CBS, 2)

87

0.301

0.301

KFXA***

Cedar Rapids-Waterloo-Iowa City (Fox, 28)

87

WTAT**

Charleston, S.C. (Fox, 24)

100

0.1305

0.261

WMMP

Charleston, S.C. (My, 36)

100

WTWC

Tallahassee, Fla.-Thomasville, Ga. (NBC, 40)

108

0.1185

0.237

WYZZ

Peoria-Bloomington, Ill. (Fox, 43)

117

0.108

0.216

** Leased management agreement

***KFXA currently operated by Sinclair under joint sales agrement, but Sinclair is awaiting FCC approval to fully acquire the license.

OTHER MEDIA INTERESTS
: Equity interests in TV broadcast equipment manufacturer Acrodyne Industries; Sinclair Ventures has equity interests in companies such as G.1440, Jadoo Power Systems and VisionAir.

13. Cox Enterprises Private10.24% coverage (FCC)

15 stations

10.37% coverage (total)

6205 Peachtree Dunwoody Rd.

Atlanta, GA 30328

Phone: 678-645-0000

Fax: 678-678-0079

Website: www.coxenterprises.com

JAMES C. KENNEDY
, chairman/CEO, Cox Enterprises

JIMMY W. HAYES
, president/COO, Cox Enterprises

PATRICK J. ESSER
, president, Cox Communications

ANDREW S. FISHER
, president, Cox Television

BRUCE R. BAKER
, executive VP, Cox Television

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

KTVU

San Francisco-Oakland-San Jose (Fox, 2)

6

2.145

2.145

KICU

San Francisco-Oakland-San Jose (Ind., 36)

6

WSB

Atlanta (ABC, 2)

8

2.048

2.048

KIRO

Seattle-Tacoma (CBS, 7)

14

1.58

1.58

WFTV

Orlando-Daytona Beach-Melbourne (ABC, 9)

19

1.271

1.271

WRDQ

Orlando-Daytona Beach-Melbourne (Ind., 27)

19

WPXI

Pittsburgh (NBC, 11)

22

1.027

1.027

WSOC

Charlotte, N.C. (ABC, 9)

25

0.962

0.962

WAXN

Charlotte, N.C. (Ind., 64)

25

WHIO

Dayton (CBS, 7)

62

0.453

0.453

KFOX

El Paso (Fox, 14)

98

0.134

0.268

WJAC

Johnstown-Altoona, Pa. (NBC, 6)

99

0.262

0.262

KRXI

Reno (Fox, 11)

110

0.233

0.233

KAME**

Reno (My, 21)

110

WTOV

Wheeling, W. Va.-Steubenville, Ohio (NBC, 9)

159

0.12

0.12

** Leased management agreement

OTHER MEDIA INTERESTS
: Cox Newspapers, which owns 17 daily newspapers and 26 non-daily publications; Cox Radio, which has 67 FM and 13 AM stations; cable operator Cox Communications; AutoTrader.com, Cox Radio Interactive, Manheim Auctions.

14. Local TV LLC Private(owned by Oak Hill Capital Partners, management and a consortium of bankers and high-yield lenders)

9.92% coverage (FCC)

17 stations

11.00% coverage (total)

1717 Dixie Highway, Suite 650

Fort Wright, KY 41011

859-331-9100

Website: www.localtvllc.com

BOBBY LAWRENCE
, CEO

PAM TAYLOR
, CFO

LOU KIRCHEN
, regional VP

DALE R. WOODS
, regional VP

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WJW??

Cleveland-Akron (Fox, 8)

17

1.36

1.36

KDVR ??

Denver (Fox, 31)

18

0.655

1.31

KTVI ??

St. Louis (Fox, 2)

21

1.103

1.103

WDAF ??

Kansas City, Kan.-Mo. (Fox, 4)

31

0.822

0.822

WITI ??

Milwaukee (Fox, 6)

34

0.79

0.79

KSTU ??

Salt Lake City (Fox, 13)

35

0.775

0.775

WBRC ??

Birmingham, Ala. (Fox, 6)

40

0.648

0.648

WTKR

Norfolk-Portsmouth-Newport News (CBS, 3)

42

0.636

0.636

KFOR

Oklahoma City (NBC, 4)

45

0.6

0.6

KAUT

Oklahoma City (My, 43)

45

WGHP??

Greensboro-High Point (Fox, 8)

46

0.596

0.596

WREG

Memphis (CBS, 3)

47

0.592

0.592

WNEP

Wilkes Barre-Scranton (ABC, 16)

54

0.2625

0.525

WHO

Des Moines-Ames, Iowa (NBC, 13)

71

0.377

0.377

WHNT

Huntsville-Decatur-Florence (CBS, 19)

83

0.1695

0.339

WQAD

Davenport-Rock Island-Moline (ABC, 8)

96

0.274

0.274

KFSM

Ft. Smith-Fayetteville-Springdale (CBS, 5)

102

0.256

0.256

?? In December 2007, Fox announced these stations would be sold to Oak Hill Capital Partners; the deal is due to close by the third quarter of 2008.

OTHER MEDIA INTERESTS
: Websites tied to TV stations. Private equity group Oak Hill Capital Partners has investments in companies such as cable operator Atlantic Broadband Group LLC.

15. Raycom Private9.38% coverage (FCC)

35 stations

11.45% coverage (total)

RSA Tower, 20th Floor

201 Monroe St.

Montgomery, AL 36104

Phone: (334) 206-1400

Fax: (334) 206-1555

Website: www.raycommedia.com

PAUL McTEAR
, president/CEO

WAYNE DAUGHERTY
, executive VP/COO

MARTY EDELMAN
, LEON LONG
, JEFF ROSSER
, VPs, television

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WOIO

Cleveland-Akron (CBS, 19)

17

0.68

1.36

WUAB

Cleveland-Akron (My, 43)

17

WBTV

Charlotte, N.C. (CBS, 3)

25

0.962

0.962

WXIX

Cincinnati (Fox, 19)

33

0.401

0.802

WFLX

West Palm Beach-Fort Pierce (Fox, 29)

38

0.3435

0.687

WMC

Memphis (NBC, 5)

47

0.592

0.592

WAVE

Louisville, Ky. (NBC, 3)

48

0.583

0.583

WTNZ

Knoxville (Fox, 43)

58

0.237

0.474

WTVR

Richmond-Petersburg, Va. (CBS, 6)

59

0.467

0.467

WWBT

Richmond-Petersburg, Va. (NBC, 12)

59

KOLD

Tucson (CBS, 13)

68

0.396

0.396

WTOL

Toledo (CBS, 11)

72

0.376

0.376

KFVE

Honolulu (My, 5)

73

0.376

0.376

KHNL

Honolulu (NBC, 13)

73

KFVS

Paducah, Ky.-Cape Girardeau, Mo. (CBS, 12)

79

0.346

0.346

WIS

Columbia, S.C. (NBC, 10)

81

0.34

0.34

KSLA

Shreveport (CBS, 12)

82

0.34

0.34

WAFF

Huntsville-Decatur-Florence, Ala. (NBC, 48)

83

0.1695

0.339

WLBT

Jackson, Miss. (NBC, 3)

90

0.296

0.296

WAFB

Baton Rouge (CBS, 9)

94

0.282

0.282

WTOC

Savannah (CBS, 11)

97

0.272

0.272

WCSC

Charleston, S.C. (CBS, 5)

100

0.261

0.261

WFIE

Evansville (NBC, 14)

101

0.1285

0.257

KLTV

Tyler-Longview, Texas (ABC, 7)

111

0.231

0.231

WSFA

Montgomery, Ala. (NBC, 12)

118

0.216

0.216

WTVM

Columbus, Ga. (ABC, 9)

128

0.184

0.184

WECT

Wilmington, N.C. (NBC, 6)

135

0.159

0.159

WALB

Albany, Ga. (NBC, 10)

146

0.137

0.137

KCBD

Lubbock (NBC, 11)

148

0.135

0.135

WPGX

Panama City, Fla. (Fox, 28)

154

0.063

0.126

WLOX

Biloxi-Gulfport, Miss. (ABC, 13)

160

0.115

0.115

WDAM

Hattiesburg-Laurel, Miss. (NBC, 7)

168

0.094

0.094

WDFX

Dothan, Ala. (Fox, 34)

172

0.0445

0.089

KPLC

Lake Charles, La. (NBC, 7)

176

0.084

0.084

KAIT

Jonesboro, Ark. (ABC, 8)

182

0.071

0.071

OTHER MEDIA INTERESTS
: Raycom Sports (production, marketing, events management); Raycom Post (a post-production facility); Broadview Media (a post-production/telecommunications company); CableVantage (a cable-advertising sales group).

16. Multicultural Television Broadcasting Private9.05% coverage (FCC)

6 stations

18.11% coverage (total)

449 Broadway

New York, NY 10013

212-966-1059

Website: www.mrbi.net

SEAN KIM
, COO, CFO

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WSAH

New York (Ind., 43)

1

3.2765

6.553

KHIZ

Los Angeles (Ind., 64)

2

2.5035

5.007

KCNS

San Francisco-Oakland-San Jose (Ind., 38)

6

1.0725

2.145

WMFP

Boston (Ind., 62)

7

1.061

2.122

WOAC

Cleveland-Akron (Ind., 67)

17

0.68

1.36

WRAY

Raleigh-Durham, N.C. (Ind., 30)

28

0.461

0.922

OTHER MEDIA INTERESTS
: Multicultural Radio Broadcasting Inc. (MRBI) owns and operates 43 radio stations in 10 states; the company's Chinese Media Group includes Sino Radio Broadcasting, Sino Television Broadcasting, Sino Print Publications, Sino Sports Entertainment and Sino Music Entertainment divisions, which serve Chinese audiences; Networks Asia is the national sales organization of MRBI.

17. E.W. Scripps Co. SSP7.99% coverage (FCC)

10 stations

9.99% coverage (total)

312 Walnut St.

Scripps Center 2800

Cincinnati, OH 45202

Phone: 513-977-3000

Fax: 513-977-3721

Website: scripps.com

WILLIAM R. BURLEIGH
, chairman

KENNETH W. LOWE
, president/CEO

WILLIAM B. PETERSON
, senior VP, Television Station Group

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WXYZ

Detroit (ABC, 7)

11

1.707

1.707

KNXV

Phoenix (ABC, 15)

12

0.799

1.598

WFTS

Tampa-St. Petersburg-Sarasota (ABC, 28)

13

0.791

1.582

WEWS

Cleveland-Akron (ABC, 5)

17

1.36

1.36

WMAR

Baltimore (ABC, 2)

24

0.971

0.971

KMCI

Kansas City, Kan.-Mo. (Ind., 38)

31

0.411

0.822

KSHB

Kansas City, Kan.-Mo. (NBC, 41)

31

WCPO

Cincinnati (ABC, 9)

33

0.802

0.802

WPTV

West Palm Beach-Fort Pierce (NBC, 5)

38

0.687

0.687

KJRH

Tulsa (NBC, 2)

60

0.461

0.461

OTHER MEDIA INTERESTS
: Cable networks: HGTV, DIY Network, Fine Living, Great American Country, Food Network (about 70%) and Fox-BRV Southern Sports Holdings (7.25%), which owns Sports South and Fox Sports Net South; broadband channels HGTV Pro, HGTV KitchenDesign, HGTV BathDesign, HGTV Simply Quilts, DIY Automotive, DIY Crafts, DIY Gardening, DIY Home Improvement, DIY Tools, DIY Woodworking and GAC Still Rollin'; comic syndicator United Media; daily and community newspapers in 18 markets; Scripps Howard News Service; online comparison-shopping services Shopzilla, UpMyStreet and U.K.-based uSwitch; variety of other Websites, tied to TV, cable and newspaper properties, including Foodtv.com, Comics.com and Snoopy.com.

18. Meredith Corp. MDP7.63% coverage (FCC)

11 stations

9.03% coverage (total)

1716 Locust St.

Des Moines, IA 50309

Phone: 515-284-3000

Fax: 515-284-2393

Website: www.meredith.com

WILLIAM T. KERR
, chairman, Meredith Corp.

STEPHEN M. LACY
, president/CEO

PAUL KARPOWICZ
, president, Meredith Broadcasting Group

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WGCL

Atlanta (CBS, 46)

8

1.024

2.048

KPHO

Phoenix (CBS, 5)

12

1.598

1.598

KPTV

Portland, Ore. (Fox, 12)

23

1.02

1.02

KPDX

Portland, Ore. (My, 49)

23

WFSB

Hartford-New Haven (CBS, 3)

29

0.893

0.893

WSMV

Nashville (NBC, 4)

30

0.857

0.857

KCTV

Kansas City, Kan.-Mo. (CBS, 5)

31

0.822

0.822

KSMO

Kansas City, Kan.-Mo. (My, 62)

31

WHNS

Greenville-Spartanburg-Asheville (Fox, 21)

36

0.3715

0.743

KVVU

Las Vegas (Fox, 5)

43

0.627

0.627

WNEM

Flint-Saginaw-Bay City, Mich. (CBS, 5)

66

0.417

0.417

OTHER MEDIA INTERESTS
: Low-power TV stations; more than 25 consumer magazines, including Better Homes & Gardens and Family Circle, and about 200 special-interest publications; Meredith Hispanic Ventures publishes five Spanish-language titles; Meredith Books; over 30 Websites.

19. Media General MEG7.55% coverage (FCC)

20 stations

7.89% coverage (total)

333 E. Franklin St.

Richmond, VA 23219

Phone: 804-649-6000

Fax: 804-775-4603

Website: www.mediageneral.com

J. STEWART BRYAN III
, chairman, Media General Inc.

MARSHALL N. MORTON
, president/CEO

JAMES A. ZIMMERMAN
, VP, Media General; president, Broadcast Division

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WFLA

Tampa-St. Petersburg-Sarasota (NBC, 8)

13

1.582

1.582

WCMH

Columbus, Ohio (NBC, 4)

32

0.803

0.803

WSPA

Greenville-Spartanburg-Asheville (CBS, 7)

36

0.743

0.743

WNEG***

Greenville-Spartanburg-Asheville (CBS, 32)

36

WYCW

Greenville-Spartanburg-Asheville (CW, 62)

36

WVTM

Birmingham, Ala. (NBC, 13)

40

0.648

0.648

WCWJ***

Jacksonville, Fla. (CW, 17)

49

0.2905

0.581

WJAR

Providence-New Bedford (NBC, 10)

52

0.556

0.556

WKRG

Mobile, Ala.-Pensacola, Fla. (CBS, 5)

61

0.459

0.459

WSLS

Roanoke-Lynchburg, Va. (NBC, 10)

67

0.400

0.400

WJTV

Jackson, Miss. (CBS, 12)

90

0.296

0.296

WJHL

Tri-Cities, Tenn.-Va. (CBS, 11)

91

0.292

0.292

WSAV

Savannah (NBC, 3)

97

0.272

0.272

WCBD

Charleston, S.C. (NBC, 2)

100

0.261

0.261

WBTW

Myrtle Beach-Florence, S.C. (CBS, 13)

103

0.248

0.248

WNCT

Greenville-New Bern-Washington (CBS, 9)

105

0.245

WNCN

Greenvile-New Bern-Washington, (NBC, 17)

105

WJBF

Augusta, Ga. (ABC, 6)

115

0.222

0.222

WRBL

Columbus, Ga. (CBS, 3)

128

0.184

0.184

WHLT

Hattiesburg-Laurel, Miss. (CBS, 22)

168

0.047

0.094

***Media General has said it is considering the sale of these properties.

OTHER MEDIA INTERESTS
: Parent owns 25 daily newspapers, including The Tampa Tribune; more than 100 weekly newspapers and periodicals; online interests include Blockdot.com, Boxerjam.com, and more than 75 other Websites tied to TV and newspaper holdings.

20. Post-Newsweek Stations WPO(subsidiary of The Washington Post Co.)

7.44% coverage (FCC)

6 stations

7.44% coverage (total)

550 W. Lafayette Blvd.

Detroit, MI 48226-3123

Phone: (313) 223-2260

Fax: (313) 223-2263

Website: www.washpostco.com

DONALD E. GRAHAM
, chairman/CEO, The Washington Post Co.

ALAN FRANK
, president/CEO, Post-Newsweek Stations

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

KPRC

Houston (NBC, 2)

10

1.818

1.818

WDIV

Detroit (NBC, 4)

11

1.707

1.707

WPLG

Miami-Fort Lauderdale (ABC, 10)

16

1.362

1.362

WKMG

Orlando-Daytona Beach-Melbourne (CBS, 6)

19

1.271

1.271

KSAT

San Antonio (ABC, 12)

37

0.703

0.703

WJXT

Jacksonville, Fla. (Ind., 4)

49

0.581

0.581

OTHER MEDIA INTERESTS
: Parent owns The Washington Post and other daily and weekly newspapers; Newsweek magazine; Arthur Frommer's Budget Travel magazine; educational and career service provider Kaplan Inc.; cable operator Cable One; Washingtonpost.Newsweek Interactive, which oversees online properties such as Washingtonpost.com, Newsweek.com, Slate.com and Budget Travel Online

21. LIN TV Corp. TVL7.43% coverage (FCC)

26 stations

8.56% coverage (total)

1 Richmond Square

Providence, RI 02906

Phone: (401) 454-2880

Fax: (401) 454-5286

Website: www.lintv.com

VINCENT SADUSKY
, president/CEO

BART CATALANE
, senior VP/chief financial officer

SCOTT BLUMENTHAL
, executive VP, television

GREG SCHMIDT
, executive VP, digital media

DENISE PARENT
, VP, general counsel and secretary

ROBB RICHTER
, VP, Internet

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WISH

Indianapolis (CBS, 8)

26

0.95

0.95

WNDY

Indianapolis (My, 23)

26

WTNH

Hartford-New Haven (ABC, 8)

29

0.893

0.893

WCTX

Hartford-New Haven (My, 59)

29

WWHO

Columbus, Ohio (CW, 53)

32

0.4015

0.803

WOOD

Grand Rapids-Kalamazoo (NBC, 8)

39

0.656

0.656

WOTV

Grand Rapids-Kalamazoo (ABC, 41)

39

WAVY

Norfolk-Portsmouth-Newport News (NBC, 10)

42

0.636

0.636

WVBT

Norfolk-Portsmouth-Newport News (Fox, 43)

42

KASA

Albuquerque-Santa Fe (Fox, 2)

44

0.601

0.601

KRQE

Albuquerque-Santa Fe (CBS, 13)

44

WIVB

Buffalo (CBS, 4)

50

0.564

0.564

WNLO

Buffalo (CW, 23)

50

KXAN

Austin, Texas (NBC, 36)

51

0.282

0.564

KNVA**

Austin, Texas (CW, 54)

51

WPRI

Providence-New Bedford (CBS, 12)

52

0.556

0.556

WNAC**

Providence-New Bedford (My, 64)

WALA

Mobile, Ala.-Pensacola, Fla. (Fox, 10)

61

0.459

0.459

WBPG

Mobile, Ala.-Pensacola, Fla. (CW, 55)

61

WDTN

Dayton (NBC, 2)

62

0.453

0.453

WLUK

Green Bay-Appleton, Wis. (Fox, 11)

70

0.39

0.39

WUPW

Toledo (Fox, 36)

72

0.188

0.376

WANE

Fort Wayne (CBS, 15)

107

0.121

0.242

WWLP

Springfield-Holyoke, Mass. (NBC, 22)

109

0.117

0.234

WTHI

Terre Haute (CBS, 10)

151

0.129

0.129

WLFI

Lafayette, Ind. (CBS, 18)

189

0.0295

0.059

**Lease management agreement

OTHER MEDIA INTERESTS
: Local weather cable channels; owns 20% of NBC's KXAS Dallas and KNSD San Diego; 30 Websites.

22. Entravision Communications Corp. EVC6.58% coverage (FCC)

20 stations

12.75% coverage (total)

2425 Olympic Blvd., Suite 6000 W

Santa Monica, CA 90404

Phone: 310-447-3870

Fax: 310-447-3899

Website: www.entravision.com

WALTER F. ULLOA
, chairman/CEO

PHILIP C. WILKINSON
, president/COO

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WUNI

Boston (Uni, 27)

7

1.061

2.122

WJAL

Washington, D.C. (Ind., 68)

9

1.023

2.046

WVEA

Tampa-St. Petersburg-Sarasota (Uni, 62)

13

0.791

1.582

KTFD**

Denver (Tlf, 14)

18

0.655

1.31

KCEC

Denver (Uni, 50)

18

WVEN

Orlando-Daytona Beach-Melbourne (Uni, 26)

19

0.6355

1.271

WOTF****

Orlando-Daytona Beach-Melbourne (Tlf, 43)

XHAS

San Diego (Tel, 33)

27

0.466

0.932

WUVN

Hartford-New Haven (Uni, 18)

29

0.4465

0.893

KINC

Las Vegas (Uni, 15)

43

0.3135

0.627

KLUZ

Albuquerque-Santa Fe (Uni, 41)

44

0.3005

0.601

XRIO

Harlingen-Weslaco, Texas (Tr3, 2)

88

0.3

0.3

KNVO

Harlingen-Weslaco, Texas (Uni, 48)

88

KINT

El Paso (Uni, 26)

98

0.134

0.268

KTFN

El Paso (Tlf, 65)

98

KPMR

Santa Barbara-Santa Maria (Uni, 38)

122

0.103

0.206

KSMS

Monterey-Salinas (Uni, 67)

124

0.099

0.198

KORO

Corpus Christi (Uni, 28)

129

0.087

0.174

KUPB

Odessa-Midland, Texas (Uni, 18)

157

0.061

0.122

KVYE

Yuma, Ariz.-El Centro, Calif. (Uni, 7)

165

0.1

0.1

** Lease management agreement

****Joint sales agreement

OTHER MEDIA INTERESTS
: 25 low-power TV stations; 47 radio stations; Spanish-language radio network; company holds a minority, limited voting interest in licensees of XHAS and XUPN, and provides programming and related services under a time-brokerage arrangement; sale pending for outdoor operations, which has more than 10,000 billboards.

23. Pappas Telecasting Companies Private6.40% coverage (FCC)

16 stations

12.10% coverage (total)

500 S. Chinowth Rd.

Visalia, CA 93277

Phone: 559-733-7800

Fax: 559-733-7878

Website: www.pappastv.com

HARRY J. PAPPAS
, chairman/CEO

DENNIS J. DAVIS
, president/COO

HOWARD H. SHRIER
, senior executive VP/COO, TV stations group

STEVEN E. ALFIERIS
, VP/special counsel

DALE SCHERBRING
, VP/director of engineering

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

KAZA

Los Angeles (Azt, 54)

2

2.5035

5.007

KTNC

San Francisco-Oakland-San Jose (TuV, 42)

6

1.0725

2.145

KAZH

Houston (TuV, 57)

10

0.909

1.818

WCWG

Greensboro-High Pt.-Winston-Salem (CW, 20)

46

0.298

0.596

KMPH

Fresno-Visalia (Fox, 26)

55

0.252

0.504

KFRE

Fresno-Visalia (CW, 59)

55

WWAZ

Green Bay-Appleton, Wis. (Ind, 68)

70

0.195

0.39

KCWI

Des Moines-Ames, Iowa (CW, 23)

71

0.1885

0.377

KDBC

El Paso (CBS, 4)

98

0.268

0.268

KTVG**

Lincoln-Hastings-Kearney, Neb. (Fox, 4)

104

0.246

0.246

KHGI

Lincoln-Hastings-Kearney, Neb. (ABC, 13)

104

KSNB**

Lincoln-Hastings-Kearney, Neb. (Fox, 17)

104

KREN

Reno (CW, 27)

110

0.1165

0.233

KCWK

Yakima-Pasco-Richland, Wash. (CW, 9)

126

0.189

0.189

WLGA

Columbus, Ga. (CW, 66)

128

0.092

0.184

KPTH

Sioux City, Iowa (Fox, 44)

143

0.0695

0.139

** Lease management agreement

OTHER MEDIA INTERESTS
: Low-power TV stations; owns 16 on-air digital channels and operates three others under lease management agreements; AM radio stations KTRB (AM) and KMPH (AM); construction permits for 10 additional TV stations. In December, Pappas hired Moelis & Co. to assess strategic alternatives for the company, a move that could result in the sale of a portion of its television assets.

24. Young Broadcasting YBTVA5.79% coverage (FCC)

11 stations

5.83% coverage (total)

599 Lexington Ave.

New York, NY 10022

Phone: 212-754-7070

Fax: 212-758-1229

Website: www.youngbroadcasting.com

VINCENT J. YOUNG
, chairman/CEO

DEBORAH A. McDERMOTT
, president

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

KRON

San Francisco-Oakland-San Jose (My, 4)

6

2.145

2.145

WKRN

Nashville (ABC, 2)

30

0.857

0.857

WTEN

Albany-Schenectady-Troy, N.Y. (ABC, 10)

56

0.491

0.491

WATE

Knoxville (ABC, 6)

58

0.474

0.474

WRIC

Richmond-Petersburg, Va. (ABC, 8)

59

0.467

0.467

WBAY

Green Bay-Appleton, Wis. (ABC, 2)

70

0.39

0.39

KWQC

Davenport-Rock Island-Moline (NBC, 6)

96

0.274

0.274

WLNS

Lansing, Mich. (CBS, 6)

112

0.226

0.226

KELO

Sioux Falls-Mitchell, S.D. (CBS, 11)

114

0.223

0.223

KLFY

Lafayette, La. (CBS, 10)

123

0.201

0.201

KCLO

Rapid City, S.D. (CBS, 15)

175

0.042

0.084

OTHER MEDIA INTERESTS
: Satellite TV stations; television rep firm Adam Young Inc.

25. Nexstar Broadcasting Group NXST5.59% coverage (FCC)

32 stations

7.97% coverage (total)

5215 N. O'Conner Blvd, Suite 1400

Irving, TX 75039

Phone: 972-373-8800

Fax: 972-373-8888

Website: www.nexstar.tv

PERRY A. SOOK
, chairman/president/CEO

MATT DEVINE
, CFO

Station

Market (affiliate, ch.)

DMA

Coverage

FCC%

Total%

WHAG

Washington (NBC, 25)

9

1.023

2.046

WLYH

Harrisburg-Lancaster-Lebanon (CW, 15)

41

0.321

0.642

WBRE

Wilkes Barre-Scranton (NBC, 28)

54

0.2625

0.525

KARK

Little Rock-Pine Bluff, Ark. (NBC, 4)

57

0.49

0.49

KSFX

Springfield, Mo. (Fox, 27)

74

0.182

0.364

WROC

Rochester, N.Y. (CBS, 8)

78

0.348

0.348

KTAL

Shreveport (NBC, 6)

82

0.34

0.34

WCIA

Champaign-Springfield-Decatur (CBS, 3)

84

0.336

0.336

WTAJ

Johnstown-Altoona, Pa. (CBS, 10)

99

0.262

0.262

WTVW

Evansville (Fox, 7)

101

0.257

0.257

WFFT

Fort Wayne (Fox, 55)

107

0.121

0.242

WMBD

Peoria-Bloomington, Ill. (CBS, 31)

117

0.108

0.216

WYZZ****

Peoria-Bloomington, Ill. (Fox, 43)

117

KAMR

Amarillo (NBC, 4)

131

0.17

0.17

WQRF

Rockford, Ill. (Fox, 39)

132

0.0835

0.167

KTVE****

Monroe, La.-El Dorado, Ark. (NBC, 10)

136

0.158

0.158

KARD

Monroe, La.-El Dorado, Ark. (Fox, 14)

136

KBTV

Beaumont-Port Arthur, Texas (NBC, 4)

141

0.146

0.146

WJET

Erie (ABC, 24)

142

0.07

0.14

WFXP**

Erie (Fox, 66)

142

KSNF

Joplin, Mo.-Pittsburg, Kan. (NBC, 16)

145

0.069

0.138

KLBK

Lubbock (CBS, 13)

148

0.135

0.135

KFDX

Wichita Falls, Tex.-Lawton, Okla. (NBC, 3)

149

0.135

0.135

WTWO

Terre Haute (NBC, 2)

151

0.129

0.129

KMID

Odessa-Midland, Texas (ABC, 2)

157

0.122

0.122

KTAB

Abilene-Sweetwater, Texas (CBS, 32)

164

0.0505

0.101

WFXV

Utica, N.Y. (Fox, 33)

169

0.047

0.094

KHMT**

Billings, Mont. (Fox, 4)

170

0.093

0.093

KSVI

Billings, Mont. (ABC, 6)

170

WDHN

Dothan, Ala. (ABC, 18)

172

0.0445

0.089

KLST

San Angelo, Texas (CBS, 8)

197

0.047

0.047

KQTV

St. Joseph, Mo. (ABC, 2)

201

0.041

0.041

** Lease management agreement

**** Joint sales agreement

OTHER MEDIA INTERESTS
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