Aug
13
2009
Press Releases    

BARRINGTON BROADCASTING GROUP LLC TO RELEASE CURRENT REPORT

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Hoffman Estates, IL, August 13, 2009 – Barrington Broadcasting Group LLC (“Barrington”) announced today that it will post a current report (the “Current Report”) on Barrington’s website (www.barringtontv.com) today.

The Current Report is being furnished pursuant to the Indenture governing the 10½% Senior Subordinated Notes due 2014 co-issued by Barrington and Barrington Broadcasting Capital Corporation.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns, operates, or supports the operations of twenty three network affiliated television stations. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.
For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
Phone: 847 884 1877
Fax: 847 755 3045
Email: wspector@barringtontv.com
Web: www.barringtontv.com

Aug
13
2009
Exhibits for Noteholders    

List of Current Exhibits

Exhibit Number

Title (downloadable PDFs)
2.1Asset Purchase Agreement, dated as of March 24, 2006, by and among Raycom Media, Inc., certain subsidiaries thereof and Barrington Broadcasting Corporation
2.2Amendment No. 1 to Asset Purchase Agreement, dated as of August 11, 2006, by and among Raycom Media, Inc., certain subsidiaries thereof and Barrington Broadcasting Corporation
2.3Asset Purchase Agreement dated as of August 31, 2007, by and between Max Media of Traverse City LLC, MTC License LLC and Barrington Traverse City LLC
2.4Assignment and Assumption Agreement dated August 31, 2007, by and between Tucker Broadcasting of Traverse City, Inc. and Barrington Traverse City LLC
3.1Certificate of Formation of Barrington Broadcasting Group LLC
3.2Certificate of Incorporation of Barrington Broadcasting Capital Corporation
3.3Operating Agreement of Barrington Broadcasting Group LLC
3.4Bylaws of Barrington Broadcasting Capital Corporation
4.1Indenture, dated as of August 11, 2006, by and among Barrington Broadcasting Group LLC, Barrington Broadcasting Capital Corporation and U.S. Bank National Association, as trustee
4.2Form of 10½% Senior Subordinated Note due 2014 (Note: Included in Exhibit No. 4.1)
4.3Registration Rights Agreement, dated as of August 11, 2006, by and among Barrington Broadcasting Group LLC, Barrington Broadcasting Capital Corporation and Banc of America Securities LLC and Wachovia Capital Markets, LLC, as initial purchasers
4.4Suppliemental Indenture dated as of March 19, 2008, by and among Barrington Broadcasting Group LLC, Barrington Broadcasting Capital Corporation, the guarantors and U.S. Bank National Association
4.5Convertible Subordinated Note dated as of April 1, 2008, by and between Tucker Broadcasting of Traverse City, Inc. and Pilot Group LP
10.1Credit Agreement, dated as of August 11, 2006, by and among Barrington Broadcasting Group LLC, as borrower, all subsidiaries thereof and Barrington Broadcasting LLC, as guarantors, Bank of America, N.A., as administrative agent, and lenders party thereto
10.2Amendment No. 1 to the Credit Agreement, dated as of February 5, 2009, among Barrington Broadcasting Group LLC, Bank of America, N.A. as administrative agent and the Lenders to the Credit Agreement, dated as of August 11, 2006
10.3Guaranty Agreement, dated as of August 11, 2006, by and among Barrington Broadcasting Group LLC, as borrower, all subsidiaries thereof and Barrington Broadcasting LLC, as guarantors, and Bank of America, N.A., as collateral agent
10.4Security Agreement, dated as of August 11, 2006, by and among Barrington Broadcasting Group LLC, as borrower, all subsidiaries thereof and Barrington Broadcasting LLC, as guarantors, and Bank of America, N.A., as collateral agent
10.5Credit Agreement, dated as of August 11, 2006, by and among SagamoreHill of Carolina, LLC, as borrower, Bank of America, N.A., as administrative agent, and lenders party thereto
10.6Barrington Guaranty, dated as of August 11, 2006, by and among Barrington Broadcasting Group LLC, as borrower, all subsidiaries thereof and Barrington Broadcasting LLC, as guarantors, and Bank of America, N.A., as collateral agent
10.7Ameded and Restated Limited Liability Company Operating Agreement of Barrington Broadcasting LLC, dated December 30, 2003, by and between Pilot Group LP and Barrington Broadcasting Company, LLC
10.8First Amendment to Amended and Restated Limited Liability Company Operating Agreement of Barrington Broadcasting LLC dated January 1, 2008, by and among Pilot Group LP and Barrington Broadcasting Company LLC
10.9Management Agreement, dated as of December 31, 2003, by and between Barrington Broadcasting LLC and Barrington Broadcasting Company, LLC, as amended
10.10Time Brokerage Agreement, dated as of April 28, 1994, by and between Atlantic Media Group, Inc. and Vision Communications, Inc.
10.11Amendment to and Extension of Time Brokerage Agreement, dated as of December 9, 2003, by and between Atlantic Media Group, Inc. and Diversified Communications
10.12Second Amendment to Time Brokerage Agreement, dated as of July 19, 2005, by and between Atlantic Media Group, Inc. and Diversified Communications
10.13Third Amendment to Time Brokerage Agreement, dated as of July 19, 2005, by and between SagamoreHill of Carolina LLC and Barrington Broadcasting South Carolina Corporation
10.14Fourth Amendment to Time Brokerage Agreement, dated as of February 6, 2006, by and between SagamoreHill of Carolina LLC and Barrington Broadcasting South Carolina Corporation
10.15Option Agreement, dated as of July 19, 2005, by and among SagamoreHill of Carolina LLC, SagamoreHill of Carolina Licenses LLC and Barrington Broadcasting South Carolina Corporation
10.16Joint Sales Agremenet, dated as of August 31, 2007, by and among Barrington Traverse City LLC and Tucker Broadcasting of Traverse City, Inc.
10.17Option Agreement, dated as of August 31, 2007, by and among Barrington Traverse City LLC, Tucker Broadcasting of Traverse City, Inc. and Tucker Media and Management Consulting LLC
10.18Shared Services Agreement, dated as of August 31, 2007, by and among Barrington Traverse City LLC and Tucker Broadcasting of Traverse City, Inc.
10.19Employment Agreement dated as of January 1, 2008, by and between Barrington Broadcasting Group LLC and K. James Yager
10.20The First Amendment to the Employment Agreement dated as of January 1, 2009, by and between Barrington Broadcasting Group LLC and K. James Yager
10.21Employment Agreement dated as of January 1, 2008, by and between Barrington Broadcasting Group LLC and Chris Cornelius
10.22The First Amendment to the Employment Agreement dated as of January 1, 2009, by and between Barrington Broadcasting Group LLC and Chris Cornelius
10.23Employment Agreement dated as of January 1, 2008, by and between Barrington Broadcasting Group LLC and Warren Spector
10.24The First Amendment to the Employment Agreement dated as of January 1, 2009, by and between Barrington Broadcasting Group LLC and Warren Spector.
10.25Employment Agreement dated as of January 1, 2008, by and between Barrington Broadcasting Group LLC and Keith Bland
10.26The First Amendment to the Employment Agreement dated as of January 1, 2009, by and between Barrington Broadcasting Group LLC and Keith Bland
10.27Employment Agreement dated as of January 1, 2008, by and between Barrington Broadcasting Group LLC and Mary Flodin
10.28The First Amendment to the Employment Agreement dated as of January 1, 2009, by and between Barrington Broadcasting Group LLC and Mary Flodin
10.29Credit Agreement dated as of April 1, 2008 among Tucker Broadcasting of Traverse City, Inc, as borrower, Bank of America, N.A., as administrative and collateral agent, Wachovia Bank, N.A., as syndication agent and CIT Lending Service Corp., as documentation agent
10.30Barrington Guaranty, dated as of April 1, 2008 among Barrington Broadcasting Group LLC, as borrower, all subsidiaries thereof and Barrington Broadcasting LLC, as guarantors and Bank of America, N.A., as administrative agent
10.31Convertible Subordinated Note Purchase Agreement, dated as of April 1, 2008, by and between Tucker Broadcasting of Traverse City, Inc. and Pilot Group LP.
10.32Joint Sales Agreement, dated as of March 2, 2009, by and among Barrington Syracuse LLC, Barrington Broadcasting Group LLC and Granite Broadcasting Corporation*
10.33Shared Services Agreement, dated as of March 2, 2009, by and among Barrington Syracuse LLC, Barrington Broadcasting Group LLC and Granite Broadcasting Corporation*
10.34Joint Sales Agreement, dated as of March 2, 2009, by and among Barrington Peoria LLC, Barrington Broadcasting Group LLC and Granite Broadcasting Corporation*
10.35Shared Services Agreement, dated as of March 2, 2009, by and among Barrington Peoria LLC, Barrington Broadcasting Group LLC and Granite Broadcasting Corporation*
21List of Subsidiaries of Barrington Broadcasting Group LLC
99.1Risk Factors
* Certain proprietary information has been omitted from this exhibit.
Barrington Broadcasting Group LLC Code of Ethics
Aug
10
2009
Press Releases    

Barrington Broadcasting Group Reports Second Quarter Operating Results

August 10, 2009 — Hoffman Estates, IL

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Barrington Broadcasting Group LLC (“Barrington”) announced today its financial results for the three months and six months ended June 30, 2009. Highlights are as follows:

  • Gross revenues for the quarter ended June 30, 2009 decreased 16.2% to $28.8 million from $34.4 million for the quarter ended June 30, 2008. The decrease was primarily due to a decrease in national revenues of $3.3 million, or 35.1%, to $6.0 million and a decrease in local revenues of $3.3 million, or 15.4%, to $18.1 million. Political revenues decreased $0.5 million to $0.1 million. Other revenues increased $1.5 million, or 51.8%, to $4.5 million for the quarter ended June 30, 2009.
  • Net revenues (gross revenues less agency commissions and other direct costs) for the quarter ended June 30, 2009 decreased 16.6%, or $4.9 million, to $24.6 million from $29.5 million for the quarter ended June 30, 2008.
  • Operating expenses for the quarter ended June 30, 2009, not including depreciation and amortization and an impairment of intangible assets and goodwill, decreased 13.5%, or $2.9 million, to $18.8 million from $21.7 million for the quarter ended June 30, 2008. The decrease was primarily due to workforce reductions, expenses at our Peoria station WHOI-TV relating to a joint sales and shared services agreement with Granite Broadcasting, and renegotiation of certain contractual obligations.

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