TVL » Topics » Commitments.

These excerpts taken from the TVL 10-K filed Mar 14, 2008.
Commitments
 
We lease land, buildings, vehicles and equipment pursuant to non-cancelable operating lease agreements and we contract for general services pursuant to non-cancelable operating agreements that expire at various dates through 2013. In addition, we have entered into commitments for future syndicated entertainment and sports programming. Future payments for these non-cancelable operating leases and agreements, and future payments associated with syndicated television programs at December 31, 2007 are as follows (in thousands):
 
                         
          Syndicated
       
    Operating Leases
    Television
       
Year
  and Agreements     Programming     Total  
 
2008
  $ 13,977     $ 29,725     $ 43,702  
2009
    8,017       22,867       30,884  
2010
    280       19,405       19,685  
2011
    206       13,752       13,958  
2012
    117       7,302       7,419  
Thereafter
    508       1,638       2,146  
                         
Total obligations
    23,105       94,689       117,794  
Less program obligations, current
          (11,944 )     (11,944 )
Less program obligations, long-term
          (11,551 )     (11,551 )
                         
Future unrecorded contracts
  $ 23,105     $ 71,194     $ 94,299  
                         
 
Rent expense, resulting from operating leases, was $2.2 million, $2.2 million and $1.5 million for the years ended December 31, 2007, 2006 and 2005, respectively.


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Table of Contents

 
LIN Television Corporation
 
Notes to Consolidated Financial Statements — (Continued)
 
Commitments


 



We lease land, buildings, vehicles and equipment pursuant to
non-cancelable operating lease agreements and we contract for
general services pursuant to non-cancelable operating agreements
that expire at various dates through 2013. In addition, we have
entered into commitments for future syndicated entertainment and
sports programming. Future payments for these non-cancelable
operating leases and agreements, and future payments associated
with syndicated television programs at December 31, 2007
are as follows (in thousands):


 






























































































































































































































































                         

 

 

 

 

 

Syndicated



 

 

 

 

 

 

Operating Leases



 

 

Television



 

 

 

 


Year


 

and Agreements

 

 

Programming

 

 

Total

 
 


2008


 

$

13,977

 

 

$

29,725

 

 

$

43,702

 


2009


 

 

8,017

 

 

 

22,867

 

 

 

30,884

 


2010


 

 

280

 

 

 

19,405

 

 

 

19,685

 


2011


 

 

206

 

 

 

13,752

 

 

 

13,958

 


2012


 

 

117

 

 

 

7,302

 

 

 

7,419

 


Thereafter


 

 

508

 

 

 

1,638

 

 

 

2,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total obligations


 

 

23,105

 

 

 

94,689

 

 

 

117,794

 


Less program obligations, current


 

 



 

 

 

(11,944

)

 

 

(11,944

)


Less program obligations, long-term


 

 



 

 

 

(11,551

)

 

 

(11,551

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Future unrecorded contracts


 

$

23,105

 

 

$

71,194

 

 

$

94,299

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 



Rent expense, resulting from operating leases, was
$2.2 million, $2.2 million and $1.5 million for
the years ended December 31, 2007, 2006 and 2005,
respectively.





F-76





Table of Contents





 




LIN Television Corporation




 




Notes to
Consolidated Financial
Statements — (Continued)


 




This excerpt taken from the TVL 10-K filed Mar 15, 2007.
Commitments
 
Our Company leases land, buildings, vehicles and equipment pursuant to non-cancelable operating lease agreements and other operating agreements that expire at various dates through 2013. Commitments for non-cancelable operating lease payments at December 31, 2006 are as follows (in thousands):
 
         
2007
  $ 18,218  
2008
    10,570  
2009
    8,444  
2010
    1,043  
2011
    766  
2012
    691  
Thereafter
    2,091  
         
    $ 41,823  
         
 
Rent expense included in the consolidated statements of operations was $2.6 million, $1.9 million and $1.5 million for the years ended December 31, 2006, 2005 and 2004, respectively.


F-92


Table of Contents

 
LIN TELEVISION CORPORATION
 
Notes to Consolidated Financial Statements — (Continued)

 
Our Company has entered into commitments for future syndicated entertainment and sports programming. Future payments associated with these commitments at December 31, 2006 are as follows (in thousands):
 
         
2007
  $ 34,762  
2008
    21,290  
2009
    15,803  
2010
    10,928  
2011
    4,253  
2012
    2,229  
Thereafter
    1,638  
         
Total obligations
    90,903  
Less: recorded contracts
    42,775  
         
Future contracts
  $ 48,128  
         
 
Our Company has commitments aggregating up to $0.8 million to pay future minimum periodic fees related to local marketing agreements for WNAC-TV, KNVA-TV and KASA-TV.
 
Our Company has purchase option agreements to acquire WNAC-TV and KNVA-TV with a commitment to pay $0.7 million and an additional $2.1 million if we exercises these options. We had a definitive agreement to acquire KASA-TV in the amount of $55.0 million, which was completed on February 22, 2007.
 
This excerpt taken from the TVL 8-K filed Jan 18, 2005.
Commitments. The Company leases land, buildings, vehicles and equipment under non-cancelable operating lease agreements that expire at various dates through 2011. Commitments for non-cancelable operating lease payments at December 31, 2003 are as follows (in thousands):
         
2004
  $ 661  
2005
    545  
2006
    493  
2007
    416  
2008
    178  
Thereafter
    2,828  
     
 
    $ 5,121  
     
 

Rent expense included in the consolidated statements of operations was $1.6 million, $1.6 million and $1.0 million for the years ended December 31, 2003, 2002 and 2001, respectively.

The Company has entered into commitments for future syndicated news, entertainment, and sports programming. Future payments associated with these commitments at December 31, 2003 are as follows (in thousands):

         
2004
  $ 21,574  
2005
    15,881  
2006
    9,502  
2007
    5,675  
2008
    1,415  
2009
    1,033  
Thereafter
    1,278  
     
 
Total obligations
    56,358  
Less recorded contracts
    34,268  
     
 
Future contracts
  $ 22,090  
     
 

F-73


 

LIN TELEVISION CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

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