Attachment Exhibit E

This document pretains to SES-ASG-20170105-00010 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2017010500010_1163122

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 E090077 from WXII Hearst Television Inc. (“WXIIHTV”) to Hearst Properties Inc. (“Hearst Properties”). WXIIHTV is also the licensee of television station WXII-TV, Winston-Salem, North Carolina. A Media Bureau application on FCC Form 316 with respect to WXII-TV has been filed and granted, and the transaction has been consummated. WXIIHTV is a wholly owned subsidiary of Hearst Properties, and Hearst Properties 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 liquidated and distributed WXIIHTV with and into Hearst Properties. Hearst Properties is 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 Communications Inc. Hearst Communications Inc. Hearst Broadcasting, Inc. Hearst Broadcasting, Inc. Hearst Television Inc. Hearst Television Inc. Hearst Properties Inc. Hearst Properties Inc. WXII Hearst Television Inc. FCC Licenses FCC Licenses -1-

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 registration for earth station E090077 from WXIIHTV to Hearst Properties Inc. 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 WXII-TV.


Document Created: 2017-01-05 12:50:47
Document Modified: 2017-01-05 12:50:47
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