LIN Media Completes the Acquisition of Television Stations from New Vision Television
2012年10月13日 - 5:31AM
ビジネスワイヤ(英語)
LIN TV Corp. (“LIN Media”; NYSE: TVL), a local multimedia
company, announced that its wholly-owned subsidiary, LIN Television
Corporation (“LIN Television” or the “Company”), completed the
acquisition of television stations from New Vision Television.
LIN Media now operates or services 43 television stations, seven
digital channels and a growing portfolio of web sites and mobile
apps in 23 U.S. markets, and delivers important local news and
programming to 10.6% of U.S. television homes.
Commenting on the announcement, the Company’s President and
Chief Executive Officer Vincent L. Sadusky said: “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.”
Jason Elkin, New Vision’s CEO, said: “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. Saying goodbye to such talented and dedicated people
- many of whom have become great personal friends - is bittersweet,
but today is made easier because New Vision's management believes
LIN Media is a fine organization that will continue to provide
great places to work and significant opportunities to advance.”
The newly acquired or serviced television stations are located
in the following markets: 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).
LIN Media was represented by Paul Hastings, LLP in the
transaction. Moelis & Co. acted as financial advisor to New
Vision Television in the sale of its assets.
Forward-Looking Statements
This press release includes statements that constitute
"forward-looking statements," including statements regarding our
future plans and operations. Forward-looking statements inherently
involve risks and uncertainties, including, among other factors,
general economic conditions, demand for advertising, competition
for audience and programming, government regulations and new
technologies, that could cause our actual results to differ
materially from the forward-looking statements. Factors that could
contribute to such differences include, but are not limited to, our
ability to maximize operating synergies in connection with the
acquisition and other risks detailed in our periodic reports filed
with the Securities and Exchange Commission. Reports may be
accessed online at www.sec.gov or www.linmedia.com. By making these
forward-looking statements, we undertake no obligation to update
these statements for revisions or changes after the date of this
press release.
About LIN Media
LIN Media is a local multimedia company that operates or
services 43 television stations and seven digital channels in 23
U.S. markets, along with a diverse portfolio of web sites, apps and
mobile products that make it more convenient to access its unique
and relevant content on multiple screens.
LIN Media’s highly-rated television stations deliver important
local news and community stories along with top-rated sports and
entertainment programming to 10.6% of U.S. television homes. The
Company’s digital media operations focus on emerging media and
interactive technologies that deliver performance-driven digital
marketing solutions to some of the nation’s most respected agencies
and brands. LIN TV Corp. is traded on the NYSE under the symbol
“TVL”.
About New Vision Television
New Vision’s philosophy is to give its presidents and general
managers a high degree of sovereignty, with each station operating
autonomously. New Vision has owned and operated more than 30
television stations in the last 20 years and has consistently
outperformed the sector.
Lin TV (NYSE:TVL)
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Lin TV (NYSE:TVL)
過去 株価チャート
から 7 2023 まで 7 2024