Attachment Exhibit E

This document pretains to SES-ASG-20170105-00007 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2017010500007_1163150

                                                                                           FCC Form 312
                                          EXHIBIT E
                            DESCRIPTION OF PRO FORMA TRANSACTION

         The instant Form 312 application serves as notification of the pro forma assignment of receive-
only earth station license E050316 from WAPT Hearst Television Inc. (“WAPTHTV”) to Jackson Hearst
Television Inc. (“Jackson Hearst”). WAPTHTV is also the licensee of television station WAPT(TV),
Jackson, Mississippi. A Media Bureau application on FCC Form 316 with respect to WAPT(TV) has
been filed and granted, and the transaction has been consummated.

WAPTHTV is a wholly owned subsidiary of Hearst Television Inc. (“Hearst Television”). Hearst
Television is owned by Hearst Broadcasting, Inc. (“HBI”); HBI is owned by Hearst Communications, Inc.
(“Communications”); Communications is owned by Hearst Holdings, Inc. (“Holdings”); and Holdings is
owned by The Hearst Corporation (“Hearst”). For corporate organizational reasons, Hearst has merged
WAPTHTV with and into Jackson Hearst. Jackson Hearst is the surviving entity.


        Following is a summary depiction of the proposed pro forma transaction:

                  PRE-MERGER                                       POST- MERGER

                 The Hearst Corporation                              The Hearst Corporation


                  Hearst Holdings, Inc.
                                                                      Hearst Holdings, Inc.


               Hearst Communications Inc.
                                                                   Hearst Communications Inc.




                Hearst Broadcasting, Inc.                           Hearst Broadcasting, Inc.



                  Hearst Television Inc.
                                                                      Hearst Television Inc.


               WAPT Hearst Television Inc.
                                                                    Jackson Hearst Television
                                                                              Inc.
          Jackson Hearst          FCC Licenses
          Television Inc.
                                                                        FCC Licenses




                                                 *****


               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)




                                                 *****


                                                                                  FCC Form 312

                                      EXHIBIT F
                             PUBLIC INTEREST STATEMENT

       The assignment of the registration for E050316 from WAPTHTV to Jackson Hearst serves
the public interest by allowing the licensee to continue to use the facilities in its newsgathering
operations in connection with the operation of television station WAPT(TV).





Document Created: 2017-01-05 14:46:12
Document Modified: 2017-01-05 14:46:12

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