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April 18, 2015 8:22 PM ET

Media

Company Overview of LIN Media LLC

Company Overview

LIN Media LLC, together with its subsidiaries, operates as a local multimedia company in the United States. The company owns, operates, or services 43 television stations and 7 digital channels in 23 U.S. markets; and portfolio of Websites, apps, and mobile products that enable access to its content on multiple screens. Its television stations deliver local news, community services, and sports and entertainment programming to viewers. The company also provides free and over-the-air broadcasts of its programming 24 hours per day to the licensed communities. In addition, it creates, plans, and executes digital marketing campaigns on behalf of its clients; and plans, develops, deploys, and supp...

701 Brazos Street

Suite 800

Austin, TX 78701

United States

Founded in 1997

2,786 Employees

Phone:

512-774-6110

Fax:

512-774-6116

Key Executives for LIN Media LLC

Chief Financial Officer and Senior Vice President
Age: 49
President of Ksnw-Tv and General Manager of Ksnw-Tv
President of WISH-TV & WNDY-TV and General Manager of WISH-TV & WNDY-TV
President of Koin-Tv and General Manager of Koin-Tv
Chief Legal Officer, Senior Vice President and Secretary
Age: 50
Compensation as of Fiscal Year 2014.

LIN Media LLC Key Developments

LIN Media LLC Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Charge for the Third Quarter of 2014

LIN Media LLC reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported net revenues of $192,063,000 against $163,110,000 a year ago. Operating loss was $20,438,000 against operating income of $23,226,000 a year ago. Loss before provision for income taxes was $33,879,000 against income before provision for income taxes of $7,195,000 a year ago. Net loss was $25,883,000 against net income of $146,508,000 a year ago. Net loss attributable to the company was $26,400,000 or $0.49 per diluted share against net income attributable to the company of $146,938,000 or $2.63 per diluted share a year ago. For the nine months, the company reported net revenues of $547,069,000 against $468,448,000 a year ago. Operating income was $28,672,000 against $61,918,000 a year ago. Loss before provision for income taxes was $13,145,000 against income before provision for income taxes of $17,503,000 a year ago. Net loss was $13,958,000 against net income of $152,657,000 a year ago. Net loss attributable to the company was $13,416,000 or $0.25 per diluted share against net income attributable to the company of $153,557,000 or $2.77 per diluted share a year ago. Net cash provided by operating activities was $110,383,000 against $58,505,000 a year ago. For the quarter, the company recorded an impairment charge of $60.9 million to the carrying value of goodwill and broadcast licenses during the third quarter of 2014.

LIN Media LLC Provides Earnings Guidance for the Three Months Ended September 30, 2014

LIN Media LLC provided earnings guidance for the three months ended September 30, 2014. The company estimates the following: net revenues are expected to be $192.1 compared to $163.1 million for the same period in the prior year. Net political revenues are expected to be $15.5 million compared to $2.6 million for the same period in the prior year. Net digital revenues are expected to be $32.3 million compared to $19.5 million for the same period in the prior year. Total debt outstanding is expected to be $892.3 million and total cash and cash equivalents is expected to be $23.4 million. Loss before income taxes is expected to be $33.9 million, which includes a non-cash impairment charge of $60.9 million, compared to income before income taxes of $7.2 million for the same period in the prior year. Adjusted EBITDA is expected to be $60.1 million compared to $46.2 million for the same period in the prior year Depreciation is expected to be at $10.89 million against $11.43 million reported last year. Amortization of intangible assets is expected to be at $3.79 million against $5.89 million reported last year.

LIN Media LLC Presents at UBS 42nd Annual Global Media and Communications Conference, Dec-08-2014 02:30 PM

LIN Media LLC Presents at UBS 42nd Annual Global Media and Communications Conference, Dec-08-2014 02:30 PM. Venue: Westin New York Times Square, 270 West 43rd Street (at 8th Avenue), New York, New York, United States. Speakers: Vincent L. Sadusky, Chief Executive Officer, President and Director.

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