DEFINITION OF BCF AND ABCF Sample Clauses

DEFINITION OF BCF AND ABCF. As used in this Section 3.3, the term BCF shall mean, for any period, operating income (from the ownership of, or the providing of program services to, television or radio stations) plus (a) non-cash expenses, including depreciation and amortization expense, programming amortization expense, barter expense and deferred compensation expense, plus (b) corporate expense (including any special bonuses paid to other executive officers of SBG), less (c) film contract payments, cash payments on deferred compensation and non-cash broadcast revenue, in each case as such items shall be determined in accordance with generally accepted accounting principals ("GAAP"); and ABCF shall mean the average annual BCF of a television or radio station for the three (3) full calendar years of such station prior to its acquisition by SBG or one of its direct or indirect subsidiaries or affiliates.
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Related to DEFINITION OF BCF AND ABCF

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