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EXHIBIT 10.71
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EXHIBIT 10.71
February 22, 1996
via Federal Express
Xxxxx Xxxxxx Xxxxxx
Bradenton Broadcast Television Company, Ltd.
000 Xxxxx Xxxxxx Xxxx
Xxxxxxxxx, Xxxxxxx 00000
Dear Xx. Xxxxxx:
This letter is provided by Xxxxxx Communications of Tampa-66, Inc. ("Xxxxxx
66") in connection with the Loan and Option Agreement (the "Option Agreement")
dated as of December 17, 1993, by and between The Christian Network, Inc.
("CNI") and Bradenton Broadcast Television Company, Ltd. ("BBTC"). Pursuant to
a Partial Assignment and Assumption Of Loan And Option Agreement dated as of
June 15, 1994, by and between CNI and Xxxxxx 66, CNI assigned all of its right,
title, interest, benefits, obligations and burdens under the Option Agreement
to Xxxxxx 66.
Pursuant to Section 3.3 of the Option Agreement, we hereby provide notice that
Xxxxxx 66 intends to exercise the Option (as defined in the Option Agreement).
Under Section 7.1 of the Option Agreement, the delivery of this notice requires
Xxxxxx 66 and BBTC promptly to prepare for filing with the Federal
Communications Commission an appropriate application for FCC Consent (as
defined in the Option Agreement).
Sincerely,
/s/ Xxxxxxx X. Xxxxxx
--------------------------
Xxxxxxx X. Xxxxxx
Assistant General Counsel
cc: Xxxx X. Xxxxxxxx, Esq.
Xxxx X. Xxxxx, Xx., Esq.
bcc: Xxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxxxx, Esq.
