Attachment Exhibits E and F

This document pretains to SES-ASG-20121214-01106 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2012121401106_978328

FCC Form 312 EXHIBIT E DESCRIPTION OF PRO FORMA TRANSACTION The instant Form 312 application involves a pro forma assignment of earth station licenses E020279, E090044, and E890632 from WPBF-TV Company (“WPBF-TV”) to Hearst Properties Inc. (“Hearst Properties”). WPBF-TV is also the licensee of television station WPBF(TV), Tequesta, Florida. A Media Bureau application on FCC Form 316 with respect to WPBF(TV) is being filed contemporaneously with the instant application. It is respectfully requested that the instant application be processed by the International Bureau on a track that is parallel to the processing track in the Media Bureau. WPBF-TV and Hearst Properties are wholly owned subsidiaries of Hearst Television Inc. (“Hearst Television”). Hearst Television is owned by Hearst Broadcasting, Inc. (“HBI”); HBI is owned by Hearst Holdings, Inc. (“Holdings”); and Holdings is owned by The Hearst Corporation (“Hearst”). For corporate organizational reasons, Hearst plans to merge WPBF-TV with and into Hearst Properties. Hearst Properties will be the surviving entity. Following is a summary depiction of the proposed pro forma transaction: PRE-MERGER POST- MERGER The Hearst The Hearst Corporation Corporation Hearst Holdings, Inc. Hearst Holdings, Inc. Hearst Broadcasting, Inc. Hearst Broadcasting, Inc. Hearst Television Inc. Hearst Television Inc. WPBF-TV Company Hearst Properties Inc. Hearst Properties Inc. FCC Licenses FCC Licenses -1-

The qualifications of Hearst and its subsidiaries, including WPBF-TV and Hearst Properties were last approved on “long-form” by the FCC on September 1, 2006, in FCC File Number BALCT- 20060512AAT in connection with the assignment of the license for WKCF(TV), Clermont, Florida, to a subsidiary of The Hearst Corporation. Since this application is in connection with an internal corporate restructuring, there is no formal written agreement for this pro forma transaction. ***** CHANGES IN INTERESTS AS A RESULT OF TRANSACTION Interest Held Names and Addresses Citizenship Before Transaction After Transaction % of Votes % of Assets % of Votes % of Assets The Hearst Corporation Domestic (Indirect Parent Company of 100% 100% 100% 100% Corporation the Parties to the Application) ***** -2-

FCC Form 312 EXHIBIT F PUBLIC INTEREST STATEMENT The assignment of the licenses for earth station licenses E020279, E090044, and E890632 from WPBF-TV Company to Hearst Properties Inc. will serve the public interest by allowing the licensee to continue to use the facilities in its newsgathering operations in connection with the operation of television stations WPBF(TV) following the pro forma merger of WPBF-TV Company into Hearst Properties Inc.


Document Created: 2012-12-14 13:20:17
Document Modified: 2012-12-14 13:20:17
© 2024 FCC.report
This site is not affiliated with or endorsed by the FCC