Exhibit 10.32
AK MEDIA GROUP, INC.
1301 Fifth Avenue
Suite 4000
Seattle, Washington 98101
January 22, 1999
Mr. K. James Yager, President Benedek Broadcasting Corporation 100 Park Avenue Rockford, Illinois 61101
Re: Time Brokerage Agreement (the "KCOY TBA") dated as of December 30,
1998 by and between Benedek Broadcasting Corporation ("Licensee") and
AK Media Group, Inc. ("Programmer")
Dear Mr. Yager:
This will confirm our agreement to modify the KCOY TBA in the following respects.
1. Programmer shall employ all of the employees of KCOY (the "Station"), other than Vickie McPherson, the Station's Manager, and Dennis Bornhoft, the Station's Chief Engineer. In the event that the KCOY TBA terminates without a Closing under the Exchange Agreement, Licensee shall rehire the employees of the Station employed by the Station on the date of termination who were Licensee's employees on January 31, 1999; provided that Licensee shall have the right but not the obligation to hire any employees of the station hired by Programmer during the term of the KCOY TBA. The "Employee Related Amount" (Attachment I, ...
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