LIN acquisition of New Vision to the finish line


LIN MediaCash and debt assumption make up the compensation package in an eight-market multi-station deal between LIN Television and New Vision Television. The stations are now part of the LIN portfolio.

LIN President/CEO Vincent L. Sadusky commented, “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.”

The deal went into the books at $342.4M, according to RBR-TVBR analysis of the application and contract filed with the FCC. $12M of that is in the form of debt assumption, and the rest was payable in cash.

It includes the following properties:
* WIAT-TV Birmingham AL
* KIMT-TV Mason City IA
* KOIN-TV Portland OR
* KHON-TV Honolulu HI; KHAW-TV Hilo HI; KAII-TV Wailuku HI
* KSNW-TV Wichita KS; KSNC-TV Great Bend KS; KSNG-TV Garden City KS
* KSNT-TV Topeka KS; KTMJ-CA Topeka KS; KETM-LP Emporia KS; KMJT-LP Ogden KS; plus SSA with Vaughan Media’s KTKA-TV Topeka KS
* WJCL-TV Savannah GA; plus SSA with Vaughan Media’s WTGS-TV Savannah GA
* WKBN-TV/ WYFX-LD Youngstown OH ; plus SSA with Vaughan Media’s WYTV Youngstown OH