LIN Media said it agreed to buy New Vision TV’s...
LIN Media said it agreed to buy New Vision TV’s 13 TV stations and provide some services to five other TV stations that New Vision already serves under sharing arrangements with another broadcaster. LIN agreed to pay $330.4 million and…
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take on $12 million in New Vision’s debt. “We've been evaluating the M&A landscape for quite some time and selectively pursued New Vision Television as it adds geographical diversity, particularly in the South and Western U.S.,” said LIN CEO Vince Sadusky. The stations are in Portland, Ore.; Birmingham, Ala.; Topeka and Wichita, Kan.; Savannah, Ga.; Youngstown, Ohio; Mason City, Iowa; and Honolulu. The company said it will provide more details about the deal when it reports earnings Wednesday.