The types of properties required to support our radio stations include offices, studios and transmitter/antenna sites.
−Removed: We lease our studio and office spaces.
−Removed: Our stations' studios and principal executive offices are housed within its offices in Manhattan.
−Removed: We generally consider our facilities to be suitable and of adequate size for our current and intended purposes.
−Removed: We lease primary and backup transmitter/antenna sites for WQHT and WBLS in Manhattan.
−Removed: With regard to WBLS, we lease an additional backup transmitter/antenna site in Lyndhurst, New Jersey from WLIB Tower LLC, an Indiana corporation and subsidiary of Emmis (“WLIB”) pursuant to a transmitter/antenna site lease.
−Removed: The transmitter/antenna site lease is for an initial term of 20 years, with two automatic renewal periods of 10 years each, unless MediaCo provides notice to WLIB of its intention to not renew the lease for an additional term.
+Added: We lease the majority of our studio and office spaces.
+Added: Our studios and principal executive offices are housed within offices in Burbank, CA and Manhattan, NY.
+Added: We lease our studios and offices in Burbank, CA, under a Master Lease Agreement that expires in October 2039.
+Added: We lease our studios and offices in Manhattan, NY, under an agreement that also expires in October 2039.
+Added: In addition we own or lease other, smaller properties used for studios and transmitter and antenna sites.
The transmitter/antenna site for each station is generally located so as to provide maximum market coverage, consistent with the station's FCC license.
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