10.16.2012 09:48 AM
LIN Media completes acquisition of New Vision Television stations

LIN Media has completed the acquisition of television stations from New Vision Television, taking the number of TV stations LIN Media operates or services to 43, the company said Oct. 12.

New Vision Television announced in May that it had reached a definitive agreement with LIN Media to sell 17 stations in eight television markets to the broadcast group for $330.4 million and the assumption of some debt.

“LIN Media has acquired a terrific collection of broadcast properties with employees that share a similar passion for excellence and growth that have driven our company for the past 50 years. The addition of these television stations further advances our strategy to expand our national footprint and digital media business,” said LIN Media president and CEO Vincent Sadusky.

The acquisition of the New Vision Television stations extends the reach of LIN Media to 23 markets covering 10.6 percent of television homes in the United States.

The newly acquired stations  are located in:

  • Portland, OR (DMA 22);
  • Birmingham, AL (DMA  39);
  • Wichita,  KS (DMA  67);
  • Honolulu, HI (DMA 71);
  • Savannah, GA (DMA 92);
  • Youngstown, OH (DMA 110);
  • Topeka, KS (DMA 136); and
  • Mason City, IA (DMA 153).
     

“Even though this is the fourth major television station group that New Vision's management has successfully managed and then sold, we have never worked with a finer group of colleagues than the general managers, managers and employees who have built the thriving stations that LIN Media is now acquiring,” said New Vision CEO Jason Elkin.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

Wall Street Communications /   Friday 08:05 PM
Dejero Releases LIVE+ NewsBook Software for Mac
Wall Street Communications /   Thursday 06:44 PM
Dejero Ranks Ninth on Deloitte's Technology Fast 500(TM) in North America

 
Featured Articles
Discover TV Technology