889156--12/15/2010--ALLBRITTON_COMMUNICATIONS_CO

related topics
{capital, credit, financial}
{debt, indebtedness, cash}
{condition, economic, financial}
{cost, operation, labor}
{competitive, industry, competition}
{investment, property, distribution}
{regulation, change, law}
{personnel, key, retain}
{regulation, government, change}
{product, market, service}
{stock, price, share}
A Downturn in the Economy May Adversely Affect Us Our substantial debt could adversely affect our financial condition and operational flexibility. To service our debt, we will require a significant amount of cash, which depends on many factors beyond our control. The terms of our debt impose restrictions on us that may affect our ability to successfully operate our business. We operate in a very competitive business environment that could adversely affect our operations. We depend on advertising revenue, which can vary substantially from period to period based on many factors beyond our control, including general economic conditions. We depend on the Washington, D.C. advertising market for a substantial portion of our revenue. We particularly depend on automotive-related advertising, which may be affected by the current turmoil in that industry. Federal regulation of the broadcasting industry limits our operating flexibility. The FCC s National Broadband Plan could result in the reallocation of broadcast spectrum for wireless broadband use, which could materially impair our ability to provide competitive services. We are dependent on our affiliation with the ABC television network. We Depend Upon Quality Syndicated Programming Increased Programming Costs Could Adversely Affect Our Business and Operating Results Increased Competition Due to Technological Innovation May Adversely Impact Our Business Our Inability to Secure Carriage of Our Stations By Multi-Channel Video Programming Distributors May Adversely Affect Our Business NewsChannel 8 is dependent on cable operators for carriage of its programming. The Loss of Key Personnel Could Disrupt Our Management or Operations and Adversely Affect Our Business Possible strategic initiatives may impact our business. Our stockholder may have interests that conflict with holders of our debt. We have paid dividends and made advances to related parties, and we expect to continue to do so in the future. Our business may be negatively affected by work stoppages, slowdowns or strikes by our employees. Changes in accounting standards can significantly impact reported operating results.

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