LIN TV Corp. increased its Class A common...
LIN TV Corp. increased its Class A common stock trading price by about 32 percent since announcing its merger agreement with LIN Media. The deal will allow LIN to convert to a limited liability company, it said in a Wednesday…
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news release (http://bit.ly/11dTZ4o). When the transaction is complete, LIN will have the ability “to reduce all or a portion of a $573 million capital gain that resulted from LIN’s sale of a minority interest in a joint venture in February 2013,” it said. That venture was related to a deal with Comcast and General Electric, then co-owners of NBCUniversal, where LIN sold its stake in an NBC joint venture, wrote analyst Marci Ryvicker of Wells Fargo to investors Wednesday. Comcast now owns all of NBCUniversal.