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Renting a HD 2 or 3

Does renting an HD 2 or 3 require LMA paper work? Are regular LMA agreements (for "real stations" 3 or 4 call letters) posted on the FCC website? If so where?
 
Actual LMAs involve a third party taking over nearly all operations of a radio station, and they are (or are supposed to be) part of the station's online public file.

Leasing an HD subchannel is handled privately. Having recently brokered one, I can assure you there's still plenty of paperwork involved, mostly for the legal protection of the actual licensee. You have to account for who runs the legal ID, how the programming is to be provided, how programming standards are to be maintained (especially when the programming isn't in English), and so on. It's most akin to a time brokerage agreement that you'd use for a leased-time station, because that's essentially what it is.
 
The only reason to lease an HD2 is to feed a translator.
In a few markets with large ethnic communities, HD channels are being leased for programming in languages like Persian, Armenian, Russsian. This is a limited category, though, as to be profitable such a station has to be in a market where the targeted ethnic group is large enough to have its own business community and where other businesses such as car dealers would find it profitable to hire staff that spoke the language and to advertise on such stations.
 
Leasing an HD subchannel is handled privately. Having recently brokered one, I can assure you there's still plenty of paperwork involved, mostly for the legal protection of the actual licensee. You have to account for who runs the legal ID, how the programming is to be provided, how programming standards are to be maintained (especially when the programming isn't in English), and so on. It's most akin to a time brokerage agreement that you'd use for a leased-time station, because that's essentially what it is.
It's been a while, but not only does the station need to report the financial relationship to the Commission, doesn't Xperi have an escalator on the HD licensing fees for stations who lease their ancillary channels?
 
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