July 27, 2017 3:42 PM ET

Media

Company Overview of LIN Television Corporation

Company Overview

LIN Television Corporation, a local multimedia company, owns, operates, or services television stations and digital channels in the United States. The company’s television stations deliver local news, community services, sports and entertainment programs, advertising time available to political candidates, public service announcements, and children's programs. It also sells advertising time in local news, network, and syndicated programming. The company owns, operates, or services approximately 43 television stations and 7 digital channels in 23 the United States markets. In addition, it owns and operates television station Web sites, which offer Internet-based products and services that pro...

701 Brazos Street

Suite 800

Austin, TX 78701

United States

Founded in 1990

Phone:

512-774-6110

Fax:

512-774-6116

Key Executives for LIN Television Corporation

Executive Vice President of Digital Media
Age: 66
Principal Accounting Officer, Vice President and Controller
Age: 41
Chief Legal Officer and Senior Vice President
Age: 53
Vice President of Human Resources
Vice President of Corporate Development
Age: 57
Compensation as of Fiscal Year 2017.

LIN Television Corporation Key Developments

LIN Television Corporation Announces Extension of Change of Control Offer

Media General Inc. announced that its subsidiary, LIN Television Corporation has extended its change of control offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2022 issued by LIN at a purchase price of 101% of the principal amount of the Notes plus accrued and unpaid interest, if any, to the date of purchase in connection with the pending transaction described below. The Change of Control Offer, which was scheduled to expire at 11:59 p.m. New York City Time on December 7, 2016, has been extended to 11:59 p.m. New York City Time on December 14, 2016, unless extended or terminated pursuant to the terms of the Change of Control Offer. The change of Control Offer relates to the Agreement and Plan of Merger, dated as of January 27, 2016, by and among Nexstar Broadcasting Group Inc., Neptune Merger Sub Inc. and Media General, pursuant to which Merger Sub will be merged with and into Media General with Media General surviving the merger as a wholly owned subsidiary of Nexstar Broadcasting Group.

LIN Television Corporation Extends its Change of Control Offer to Purchase for Cash any and all of its Outstanding 5.875% Senior Notes Due 2022

LIN Television Corporation has extended its change of control offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2022 issued at a purchase price of 101% of the principal amount of the Notes plus accrued and unpaid interest. The offer, which was scheduled to expire at 11:59 p.m. New York City Time on November 30, 2016, has been extended to 11:59 p.m. New York City Time on December 7, 2016. LIN had received tenders from holders of USD 29,426,000 in aggregate principal amount of the Notes, representing approximately 7.36% of the total outstanding principal amount of the Notes.

LIN Television Corporation Announces Extension of Change of Control Offer

Media General Inc. announced that its subsidiary, LIN Television Corporation has extended its change of control offer (the change of control offer) to purchase for cash any and all of its outstanding 5.875% senior notes due 2022 issued by the company at a purchase price of 101% of the principal amount of the notes plus accrued and unpaid interest, if any, to the date of purchase in connection with the pending transaction. The Change of control offer, which was scheduled to expire at 11:59 p.m. New York City Time on November 30, 2016, has been extended to 11:59 p.m. New York City Time on December 7, 2016, unless extended or terminated pursuant to the terms of the change of control offer. All other terms and conditions of the change of control offer shall remain unchanged. As of 5:00 p.m., New York City time, on November 30, 2016, the company had received tenders from holders of $29,426,000 in aggregate principal amount of the Notes, representing approximately 7.36% of the total outstanding principal amount of the notes. The change of control offer relates to the agreement and plan of merger, dated as of January 27, 2016, by and among Nexstar Broadcasting Group Inc., Neptune Merger Sub Inc., a Virginia corporation (Merger Sub), and Media General, pursuant to which Merger Sub will be merged with and into media general with media general surviving the merger as a wholly owned subsidiary of Nexstar Broadcasting Group.

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Recent Private Companies Transactions

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Date
Target
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