Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

Reference is made to Note 7 of the Notes to Consolidated Financial Statements (Unaudited) in the Company's Quarterly Report on Form 10-Q filed September 13, 2012 which, among other things, reported an agreement in principle with the bank lender to amend the Revolving Credit and Security Agreement between the Company's Media Services companies and the lender (the "Media Services Credit Facility"). The lender and the borrowers have entered into the First Amendment dated October 1, 2012 (the "First Amendment") to the Media Services Credit Facility implementing that agreement in principle.

The First Amendment has extended the term of the Media Services Credit Facility by one year and it now expires on May 12, 2014 and, in accordance with the borrowers' request, the First Amendment has reduced the Facility's borrowing limit from the original $20,000,000 to $15,000,000. Among the borrowers' covenants in the Media Services Credit Facility is one requiring the borrowers to maintain a minimum fixed charge coverage ratio (as defined). The First Amendment has amended the definition of the ratio, and the Company believes that the required minimum ratio, as amended, is more readily achievable than the original ratio. However, the Company can offer no assurance that the amended minimum Fixed Charge Coverage Ratio covenant will always be met or that relief will be granted by the lender should it not be met.

The foregoing description of the First Amendment is qualified by reference to the complete First Amendment, a copy of which is included as Exhibit 10.1 to this Current Report.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description 10.1 First Amendment dated October 1, 2012 to the Revolving Credit and Security Agreement dated as of May 13, 2010, among Kable Media Services, Inc., et al and PNC Bank, National Association, as Agent and Lender.