LIN takes down the “For Sale” sign


After being hit by a credit crunch as it was trying to find a buyer or merger partner for its TV station group, LIN Television announced that its board of directors has concluded its review of strategic alternatives for the company. So, LIN will remain as it is, a pure-play publicly traded television company. "The LIN TV Board and management team have confidence in our employees, high quality assets and operating plan. The strength of our core business and new digital initiatives position us well for future growth," said CEO Vincent Sadusky.