Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lin TV Schedules Shareholder Vote on Reorganization to Cut Taxes

LIN TV Corp., the owner or operator of 43 U.S. television stations, plans to convert into a limited liability company to reduce its federal taxes.

The Providence, Rhode Island-based broadcaster said the transaction has been approved by the board and will be voted on by shareholders on July 30, according to a regulatory filing today. The plan was first announced in February.

The change will allow the new Lin Media to reduce the liabilities from its gain of $715.5 million on the sale of its interest in a station venture with Comcast Corp.’s NBCUniversal. Investors will receive one share of the new company for each they now own, according to the filing. Lin TV is controlled by Royal W. Carson III and HM Capital Partners, according to today’s filing.

Lin fell 0.1 percent to $15.78 at the close in New York. The filing was made after markets closed. The shares have more than doubled this year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.