The $1.6 billion deal will create the second-largest pure-play TV station group with 74 stations in 46 markets, reaching 23%/26.5 million American TV homes. LIN shareholders will receive $27.82 per share in Media General stock and cash.
Under the terms,
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The $1.6 billion deal will create the second-largest pure-play TV station group with 74 stations in 46 markets, reaching 23%/26.5 million American TV homes. LIN shareholders will receive $27.82 per share in Media General stock and cash.
