Posts Tagged ‘LIN Media’

UPDATE: FCC approves Media General-LIN merger…

UPDATE – 12/22/14 – Media General announced today that it’s merger (or “business combination” as they called it) with LIN Media has now closed. The two companies are now one, as described in our story below.

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12/14/2014 – Media General says its “business combination” with LIN Media has closed, which means the two are now one company.

On Friday the FCC approved the merger applications of Medial General Inc. and LIN Media LLC. The merger should be completed by the end of next week.

The deal, announced in March, creates one of the nation’s largest broadcast television station companies in, which will own and operate or service 71 television stations in 48 U.S. markets. The new mammouth Media General will reach an estimated 23 percent, of U.S. television households.

In Florida that means that changes are coming and new duopolies will be created.

            

Read the rest of this entry →

22

12 2014

Media General, LIN, Hearst, Sinclair, Meredith bounce around stations…

(from TVNewsCheck.com) – Media General Inc. and LIN Media today agreed to sell or swap television stations in five markets to comply with FCC ownership rules affecting the merger they announced on March 21. Media General also announced today that in light of the loss of CBS affiliation of LIN’s WISH Indianapolis, it was lowering the per-share price of the deal from $27.82 to $25.97.

Regulatory authorities are requiring the divestiture of stations in the following markets: Birmingham, Ala.; Providence, R.I.-New Bedford, Mass.; Mobile, Ala.-Pensacola, Fla.; Green Bay-Appleton, Wis.; and Savannah, Ga. The companies said they believe that no other market divestitures will be required….Cont…

According to TVNewsCheck.com, in Florida the changes go as follows…

Media General will acquire WTTA-TV in the Tampa/St. Petersburg market. Of course Media General already owns WFLA-TV in that Tampa, it’s second largest. We here at Florida News Center predict that WTTA will move to WFLA’s downtown Tampa studios and once again share newscasts.

Meredith Corp will take WALA-TV away from LIN TV, in the Mobile-Pensacola market for a mere $86 million.

 

20

08 2014