FOURTH EXTENSION OF AMENDED AND RENEWED OPTION AGREEMENT

Exhibit 10.6

FOURTH EXTENSION OF AMENDED AND RENEWED OPTION AGREEMENT

THIS FOURTH EXTENSION OF THE AMENDED AND RENEWED OPTION AGREEMENT is entered into as of the 1st day of January, 2007, by and between The Hearst Corporation (“Hearst”), a Delaware corporation, and Hearst-Argyle Television, Inc. (the “Company”), a Delaware corporation.

W I T N E S S E T H

WHEREAS, Hearst and the Company entered into an Amended and Renewed Option Agreement dated as of August 29, 2000 (the “Amended and Renewed Option Agreement”); and

WHEREAS, Hearst and the Company extended the Amended and Renewed Option Agreement pursuant to an initial Extension and subsequent Second Extension of the Amended and Renewed Option Agreement; and

WHER