Interest expense was $10.6 million, $11.6 million, and $9.0 million for the years ended December 31, 2010, 2009 and 2008,  respectively. The weighted average interest rate for the 6.0% Notes including the amortization of its bond discount was 8.96% and 8.65%  for the years ended December 31, 2010 and 2009, respectively.  On October 29, 2009, we issued $500.0 million aggregate principal amount of the 9.25% Notes that mature on November 1,  2017, pursuant to an indenture, dated as of October 29, 2009 (the Indenture). The 9.25% Notes were priced at 97.264% of their  par value and accrue interest at a rate of 9.25% beginning on the issue date. Interest on the 9.25% Notes is paid on May 1 and  November 1 of each year, beginning May 1, 2010. Prior to November 1, 2013, we may redeem the 9.25% Notes in whole, but  not in part, at any time at a price equal to 100% of the principal amount of the 9.25% Notes plus accrued and unpaid interest,  plus a “make-whole premium” as set forth in the Indenture. Beginning on November 1, 2013, we may redeem some or all of the  9.25% Notes at any time or from time to time at the redemption prices set forth in the Indenture. In addition, on or prior to  November 1, 2012, we may redeem up to 35.0% of the 9.25% Notes using the proceeds of certain equity offerings. Upon the  sale of certain of our assets or certain changes of control, the holders of the 9.25% Notes may require us to repurchase some or  all of the 9.25% Notes. The 9.25% Notes are collateralized by $1,001.8 million of our tangible and intangible assets.  The weighted average interest rate for the 9.25% Notes including the amortization of its bond discount was 9.71% and 9.72%  for the years ended December 31, 2010 and 2009, respectively.  Interest expense was $47.3 million and $8.3 million for the years ended December 31, 2010 and 2009, respectively. On October 4, 2010, we issued $250.0 million aggregate principal amount of 8.375% Notes due October 15, 2018 at 98.567%  of their par value pursuant to an indenture, dated as of October 4, 2010 (the Indenture). Interest on the 8.375% Notes will be  paid on April 15 and October 15 of each year, beginning April 15, 2011. Prior to October 15, 2014, we may redeem the 8.375%  Notes in whole or in part, at any time or from time to time at a price equal to 100% of the principal amount of the 8.375% Notes  plus accrued and unpaid interest, plus a “make-whole premium” as set forth in the Indenture. Beginning on October 15, 2014,  we may redeem some or all of the 8.375% Notes at any time or from time to time at the redemption prices set forth in the  Indenture. In addition, on or prior to October 15, 2013, we may redeem up to 35% of the 8.375% Notes using the proceeds of  certain equity offerings. Upon certain changes of control, we must offer to purchase the 8.375% Notes at a price equal to 101%  of the face amount of the Notes plus accrued and unpaid interest. The net proceeds from the offering of the 8.375% Notes were  used to fund the tender offers for our 6.0% and 8.0% Notes described above. Concurrent to entering into the Indenture we also  entered into a registration rights agreement requiring us to complete an offer of an exchange of the 8.375% Notes for registered  securities with the SEC by July 1, 2011. The 8.375% Notes registration became effective on November 23, 2010.  The weighted average interest rate of the 8.375% Notes for the year ended December 31, 2010 was 8.45%. Interest expense was $5.1 million for the year ended December 31, 2010.  Any holder of the 4.875% Notes may surrender all or any portion of their notes for a conversion into our Class A Common  Stock at any time. As of December 31, 2010, the conversion price of the 4.875% Notes was $22.37 per share and the number of  Class A Common Stock that would be delivered upon conversion was 254,128. The 4.875% Notes bore cash interest at an  annual rate of 4.875% until January 15, 2011 and now bear cash interest at an annual rate of 2.00% from January 15, 2011 through  maturity. The principal amount of the 4.875% Notes will accrete to 125.66% of the original par amount from January 15, 2011 to  maturity. As of January 15, 2011, no put rights were exercised for the 4.875% Notes and the put right expired.  Upon certain conditions, the 3.0% Notes are convertible into cash and, in certain circumstances, shares of Class A Common  Stock at any time on or before November 15, 2026. Holders of the 3.0% Notes will have the right on May 15, 2017 and May 15,  2022, or any other such date to be determined by us at a repurchase price payable in cash equal to the aggregate principal amount  plus accrued and unpaid interest (including contingent cash interest), if any, through the repurchase date. As of December 31,  2010, the conversion price of the 3.0% Notes was $18.99 per share and the number of Class A Common Stock that would be  delivered upon conversion was 284,360.  During 2008, we redeemed, on the open market, $6.5 million of the 4.875% Notes. We recorded a $2.8 million gain on  extinguishment of debt related to this redemption for the year ended December 31, 2008.  46    Sinclair Broadcast Group  4.875% Convertible Senior Notes, Due 2018 and 3.0% Convertible Senior Notes, Due 2027  8.375% Senior Unsecured Notes, due 2018  9.25% Senior Secured Second Lien Notes, Due 2017 