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Exhibit 4: Ad Revenue Calculator Ad Revenue Calculator | | | | | | | Current | 2007 Base | Scenario 1 | Scenario 2 | Scenario 3 | TV HH | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | Average Rating | 1.0% | 1% | 1.2% | 0.8% | 1.2% | Average Viewers (Thousand) | 1100 | 1100 | 1320 | 880 | 1320 | Average CPM* | $2.00 | 2 | $1.80 | $3.50 | $2.50 | Average Revenue/Ad Minute** | $2,200 | $2,200 | $2,376 | $3,080 | $3,300 | Ad Minutes/Week | 2016 | 2016 | 2016 | 2016 | 2016 | Weeks/Year | 52 | 52 | 52 | 52 | 52 | Ad Revenue/Year | $230,630,400 | $230,630,400 | $249,080,832 | $322,882,560 | $345,945,600 | Incremental Programming Expense | | 0 | 0 | 15,000,000 | 20,000,000 | | | | | | |

* Revenue/Thousand Viewers
** Calculated by multiplying Average Viewers by Average CPM

| 2006 Actual | 2007 Base | Scenario 1 | Scenario 2 | Scenario 3 | Exhibit 5: Financials | | | | | | Revenue | | | | | | Ad Sales | $230,630,400 | $230,630,400 | $249,080,832 | $322,882,560 | $345,945,600 | Affiliate Fees | $80,000,000 | $81,600,000 | $81,600,000 | $81,600,000 | $81,600,000 | Total Revenue | $310,630,400 | $312,230,400 | $330,680,832 | $404,482,560 | $427,545,600 | | | | | | | Expenses | | | | | | Cost of Operations | $70,000,000 | $72,100,000 | $72,100,000 | $72,100,000 | $72,100,000 | Cost of Programming | $55,000,000 | 0 | 0 | 70,000,000 | 75,000,000 | Ad Sales Commissions | $6,918,912 | 6,918,912 | 7,472,424.96 | 9,686,477 | 10,378,368 | Marketing & Advertising | $45,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | SGA | $40,000,000 | $41,200,000 | $41,200,000 | $41,200,000 | $41,200,000 | Total Expense | $216,918,912 | $180,218,912 | $180,772,425 | $252,986,477 | $258,678,368 | | | | | | | Net Income | $93,711,488 | $132,011,488 |

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