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.
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.