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      <TotalRevenuePerForm990>20443854</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>18378695</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>18378695</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>18378695</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: 1) GROUP I - COMPRISED OF STATIONS IN THE LARGEST MARKETS RANKED 1-75 2) GROUP II - COMPRISED OF STATIONS IN MARKETS RANKED 76 OR SMALLER</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>GROUP I MEMBERS HAVE THE RIGHT TO ELECT 7 MEMBERS OF THE GOVERNING BODY. GROUP II MEMBERS HAVE THE RIGHT TO ELECT 4 MEMBERS OF THE GOVERNING BODY. THERE ARE 2 AT-LARGE MEMBERS OF THE GOVERNING BODY, WHICH ARE ELECTED BY BOTH GROUP I AND GROUP II MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7B</ReturnReference>
        <Explanation>THERE ARE SOME DECISIONS OF THE GOVERNING BODY THAT ARE SUBJECT TO THE APPROVAL OF THE MEMBERS, SUCH AS RATIFYING THE BUDGET.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY IN WHICH BOARD MEMBERS REPORT ON AT LEAST AN ANNUAL BASIS IF ANY CONFLICTS OF INTEREST EXIST WITH THE ORGANIZATION. THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE POLICY. IF ANY CONFLICTS OF INTEREST EXIST, THE BOARD MEMBER RECUSES HIMSELF FROM VOTING ON ANY MATTER PERTAINING TO THE CONFLICT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. THEREFORE, THERE IS NO PROCESS FOR DETERMINING COMPENSATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>NBC AFFILIATE BOARD ADDRESSES</Identifier>
        <ReturnReference>FORM 990, PART VI, LINE 9</ReturnReference>
        <Explanation>BRIAN G. LAWLOR 312 WALNUT STREET CINCINNATI, OH 45202 MICHAEL J. FIORILE 770 TWINS RIVER DRIVE COLUMBUS, OH 43216 JORDAN WERTLIEB 300 WEST 57TH STREET NEW YORK, NY 10019-3789 DAVID LOUGEE 7950 JONES BRANCH DRIVE MCLEAN, VA 22107 STEVE BABOULIS 715 N. PEARL STREET ALBANY, NY 12204 PAUL MCTEAR RSA TOWER, 20TH FLOOR 201 MONROE STREET MONTGOMERY, AL 36104 JIM CONSCHAFTER 333 E. FRANKLIN STREET RICHMOND, VA 23219 MARLA DRUTZ 550 WEST LAFAYETTE BOULEVARD DETROIT, MI 48226-3123 MIKE KING 500 AMERICAN ROAD LANSING, MI 48911 RALPH M. OAKLEY 130 SOUTH 5TH STREET P.O. BOX 909 QUINCY, IL 62306 VINCE SADUSKY ONE WEST EXCHANGE STREET, SUITE 5A PROVIDENCE, RI 02903 DUNIA SHIVE 400 SOUTH RECORD STREET DALLAS, TX 75202-4841 CHRIS WAYLAND 7 BULFINCH PL BOSTON, MA 02114 JIM YAGER 2500 W. HIGGINS ROAD, SUITE 155 HOFFMAN ESTATES, IL 60169</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 157,557.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>