TIME BROKERAGE AGREEMENT
(WQCD-FM, New York, New York)
This TIME BROKERAGE AGREEMENT is made as of May 15, 1997, by and between TRIBUNE NEW
YORK RADIO, INC., a Delaware corporation ("Licensee"), and EMMIS BROADCASTING
CORPORATION, an Indiana corporation ("Broker").
A. Licensee is the owner of Radio Station WQCD-FM, New York, New York (the "Station"), pursuant to
licenses, permits, and authorizations issued by the Federal Communications Commission ("FCC").
B. Licensee and Broker have entered into an Option Agreement, dated as of the date hereof (the "Option
Agreement"), pursuant to which Licensee has an option to sell to Broker, and Broker has an option to purchase
from Licensee (each of such option to sell and option to purchase is hereinafter referred to as an "Option"),
substantially all of the assets used in the operations of the Station.
C. In connection with entering into the Option Agreement, Licensee and Broker have agreed to enter into an
agreement relating to the programming of the Station.
D. Licensee agrees to provide air time to Broker on terms and conditions that conform to Station policies and the
FCC rules, regulations and policies for time brokerage arrangements.
E. Broker agrees to provide such programming to and for the Station and to undertake its other obligations
hereunder in conformity with all rules, regulations, and policies of the FCC.
In consideration of the above recitals and of the mutual agreements and covenants contained herein, Licensee and
Broker, intending to be bound legally, agree as follows:
The following terms, as used in this Agreement, shall have the meanings set forth in this Section:
"Communications Act" means the Communications Act of 1934, as amended, together with the rules, regulations,
and policies promulgated thereunder by the FCC, as in effect from time to time.
"FCC" is defined in the first recital to this Agreement.
"HSR Act" means the Hart-Scott-Rodino Antitrust Improvements Act