Hat tip to Jared Kuroiwa on this one:
LIN TV Corp. today announced it is purchasing eight full-power and two low-power network affiliates in eight markets from New Vision for $330.4 million and the assumption of $12 million of debt.
LIN also said that it will be assuming agreements under which it will operate three other network-affiliated stations owned by third parties in three markets.
The company expects to close on the acquisition in late 2012, pending regulatory approvals and other closing conditions.
The stations (those in italics are owned by others, but operated by New Vision under contract. Listing does not include full-power satellite stations. The group airs additional network programming on in some markets on subchannels):
- KOIN (CBS) Portland, Ore. (DMA 22)
- KSNW (NBC) Wichita-Hutchinson, Kan. (DMA 67)
- KHON (Fox) Honolulu (DMA 71)
- KSNT (NBC)/KTMJ-CA (Fox)/KTKA (ABC) Topeka, Kan. (DMA 136)
- WIAT (CBS) Birmingham, Ala. (DMA 39)
- WJCL (ABC)/WTGS (Fox) Savannah, Ga. (DMA 92)
- KIMT (CBS) Mason City, Iowa (DMA 153)
- WKBN (CBS)/WYFX-LP (Fox)/WYTV (ABC) Youngstown, Ohio (DMA 110)
More Here: Lin Buying New Vision Stations for $342M
- LIN Media Agrees To Pay $330M For New Vision’s 13 TV Stations (deadline.com)
- LIN Media Announces Agreement to Purchase Network Affiliates from New Vision Television (sys-con.com)