Second Amendment To Time Brokerage Agreement

Exhibit 10.11


Execution Version

SECOND AMENDMENT TO TIME BROKERAGE AGREEMENT


This SECOND AMENDMENT (this " Amendment" ) to the Time Brokerage Agreement, dated as of April 28, 1994, by and among Atlantic Media Group, Inc., a South Carolina corporation (" Atlantic" ), and Diversified Communications, a Maine corporation (" Diversified" ), (as amended by the Amendment to and Extension of Time Brokerage Agreement dated as of December 9, 2003, the " TBA" ), is entered into as of July 19, 2005.


WITNESSETH


WHEREAS, Diversified and Atlantic are entering into a sale and purchase agreement dated as of July 19, 2005 (the " Atlantic Purchase Agreement" ) pursuant to which Diversified (or its designee) will purchase, and Atlantic will sell, the assets set forth in the Atlantic Purchase Agreement related to WWMB-TV, Florence, South Carolina, including, Atlantic' s rights under the TBA (the " Atlantic Asset Purchase" ); and


WHEREAS, in consideration of the Signing Deposit (as defined in the Atlantic Purchase Agreement) and in order to facilitate the Atlantic Asset Purchase, the parties desire to amend the TBA as set forth in this Amendment.


NOW THEREFORE, in consideration of the mutual promises contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:


1. Ame ...