Bay TV . In January 1999, we entered into a LMA with Bay Television, Inc. (Bay TV), which owns the television station  WTTA-TV in the Tampa/St. Petersburg, Florida market. Our controlling shareholders own a substantial portion of the equity of  Bay TV. Payments made to Bay TV were $1.7 million, $3.0 million and $3.2 million for the years ended December 31, 2010, 2009  and 2008. We received $0.5 million for each of the years ended December 31, 2010, 2009 and 2008 from Bay TV for certain  equipment leases which expired on November 1, 2010. Notes and capital leases payable to affiliates consisted of the following as of December 31, 2010 and 2009 (in thousands):  2010 2009 Capital lease for building, interest at 7.93%   $  520   $  1,312  Capital lease for building, interest at 8.54%  9,273  10,025 Capital leases for broadcasting tower facilities, interest at 9.0%  1,975  4,033  Capital leases for broadcasting tower facilities, interest at 10.5%  5,065  5,074 Liability payable to affiliate for local marketing agreement, interest at 7.69%  4,600  5,913  Capital leases for building and tower, interest at 7.93%  1,336  1,355 22,769  27,712  Less: Current portion (3,196)  (2,995) $ 19,573 $ 24,717 Notes and capital leases payable to affiliates as of December 31, 2010 mature as follows (in thousands):  2011  $ 5,372 2012  4,931  2013  5,028  2014  3,406  2015  3,371  2016 and thereafter  12,827  Total minimum payments due  34,935  Less: Amount representing interest  (12,166)  $ 22,769 Cunningham Broadcasting Corporation . We have options from trusts established by Carolyn C. Smith, a parent of our controlling  shareholders, for the benefit of her grandchildren that will grant us the right to acquire, subject to applicable FCC rules and  regulations, 100% of the capital stock of Cunningham Broadcasting Corporation (Cunningham) or 100% of the capital stock or  assets of Cunningham’s individual subsidiaries. As of December 31, 2010 Cunningham was the owner-operator and FCC licensee  of: WNUV-TV, Baltimore, Maryland; WRGT-TV, Dayton, Ohio; WVAH-TV, Charleston, West Virginia; WTAT-TV,  Charleston, South Carolina; WMYA-TV, Anderson, South Carolina; and WTTE-TV, Columbus, Ohio. In 2011, Cunningham  acquired WDBB-TV, in Birmingham, Alabama. In addition to the option agreement, we entered into five-year LMA agreements (with five-year renewal terms at our option)  with Cunningham pursuant to which we provide programming to Cunningham for airing on WNUV-TV, WRGT-TV, WVAH- TV, WTAT-TV, WMYA-TV and WTTE-TV. In February 2011, we entered into a LMA agreement for WDBB-TV.  On October 28, 2009 we entered into amendments and /or restatements of the following agreements between Cunningham  and us: (i) the LMAs, (ii) option agreements to acquire Cunningham stock and (iii) certain acquisition or merger agreements  relating to television stations owned by Cunningham (Cunningham stations). Such amendments and/or restatements were  effective at the expiration of the tender offers for the 3.0% Notes and 4.875% Notes on November 5, 2009.  In consideration of the new terms of the LMAs and other agreements and the extension options, beginning on January 1, 2010  and ending on July 1, 2012, we are obligated to pay Cunningham the sum of approximately $29.1 million in 10 quarterly  installments of $2.75 million and one quarterly payment of approximately $1.6 million, which amounts will be used to pay off  Cunningham’s bank credit facility and which amounts will be credited toward the purchase price for each Cunningham Station. An additional $3.9 million will be paid in two installments on July 1, 2012 and October 1, 2012 as an additional LMA fee. The  aggregate purchase price of the television stations, $78.5 million pursuant to certain acquisition or merger agreements, will be  decreased by each payment made by us to Cunningham up to $29.1 million in the aggregate, pursuant to the foregoing  transactions with Cunningham as such payments are made. Beginning on January 1, 2013, we will be obligated to pay  Cunningham an annual LMA fee for the television stations equal to the greater of (i) 3% of each station’s annual net broadcast  revenue and (ii) $5.0 million. 2010 Annual Report    55 