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~ Monday! $TVL ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $TVL ~ Earnings expected on Monday * Want more like this? Search Keyword:MACMONEY >>> http://tinyurl.com/MACMONEY <<< One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
I think that this company has a lot of potential.I've been adding more recently.I look at this stock as a long term investment.It will be interesting to see what happens here.
Not Available Financial Reporting/Disclosure Reporting Status U.S. Registered & Reporting: SEC Filer Audited Financials Not Available Latest Report Not Available Regulatory Agency Not Available CIK 0001166789 Fiscal Year End 12/31 OTC Market Tier Not Available
Profile Data SIC - Industry Classification Not Available Incorporated In: DE, USA Year of Inc. Not Available Employees Not Available
LIN TV Corp. Announces First Quarter 2011 Results Lin TV (NYSE:TVL) Intraday Stock Chart
Today : Wednesday 27 April 2011 Click Here for more Lin TV Charts.
LIN TV Corp. (“LIN Media”; NYSE: TVL), a local multimedia company, today reported its first quarter 2011 results.
Summary of Results for the First Quarter Ended March 31, 2011
* Net revenues increased by 1% to $92.6 million, compared to $91.8 million for the first quarter of 2010. * Digital revenues, which include Internet advertising revenues and retransmission consent fees, increased by 31% to $17.2 million, compared to $13.2 million for the first quarter of 2010. * General operating expenses increased by 6% to $70.0 million, compared to $66.1 million for the first quarter of 2010, driven by an increase in cost of sales tied to digital revenue growth and the impact of a prior year non-recurring benefit. All other general operating costs increased by 1%. * Operating income was $15.6 million, compared to operating income of $16.3 million for the first quarter of 2010. * Net income per diluted share was $0.03, compared to net income per diluted share of $0.06 for the first quarter of 2010.
Commenting on first quarter 2011 results, the Company’s President and Chief Executive Officer Vincent L. Sadusky said: "We delivered another strong performance in the first quarter, in spite of significant uncertainty that continues to weigh on the economy. Digital revenues increased 31% compared to the prior year and are now 19% of total net revenues, the highest contribution since the launch of our digital strategy in 2007. Our growth in digital revenues, strength of our local brands and multiplatform strategy, helped offset the decrease in political revenues to begin this non election year and contributed to our overall growth."
Operating Highlights
TV Station Ratings and Revenue
* The Company was ranked number one or number two for 81% of its ABC, CBS, FOX and NBC news stations in their local markets based on viewership among key demographics1. * Core local and national advertising sales combined, which excludes political advertising sales, decreased by 2% to $82.5 million, compared to $84.3 million for the first quarter of 2010, which included the benefit of advertising during the 2010 Winter Olympics. The automotive category, which represented 23% of our local and national advertising sales for the quarter, increased to $19.4 million, compared to $19.3 million for the same quarter in 2010.
Digital and Interactive Initiatives
* During the first quarter of 2011, the Company delivered over 37 million total video impressions and engaged 50 million daily unique visitors on its stations’ web sites. Average time on site during the quarter was more than 21 minutes. * According to comScore’s March 2011 reporting, 88% of the Company’s measured station web sites ranked number one or number two in their local market for unique visitors and 94% ranked number one or number two in their local market for time spent on site, versus the Company’s measured local broadcast competitors2. * Mobile impressions, which include usage of the Company’s mobile web sites and smartphone and tablet applications, were approximately 89 million during the first quarter of 2011, compared to 42 million during the first quarter of 2010. * During the first quarter of 2011, the Company delivered over 297 million user actions, an increase of 44% over the first quarter of 2010.
1 Nielsen Media Research; Average of LIN Media’s February 2011 ratings based on key demographics: M-F, early morning, early evening, late news. All Nielsen data included in this release represents Nielsen’s estimates, and Nielsen has neither reviewed nor approved the data included in this report.
2 comScore media metrics data; March 2011. The Company’s Columbus site is not measured by comScore.
Key Balance Sheet and Cash Flow Items
Total debt outstanding as of March 31, 2011 was $619.6 million, as compared to $623.3 million as of December 31, 2010. Cash and cash equivalent balances as of March 31, 2011 were $26.8 million, as compared to $11.6 million as of December 31, 2010. During the quarter ended March 31, 2011, the Company paid $4.0 million of principal on its term loan balance. There were no amounts outstanding on the Company’s revolving credit facility at March 31, 2011 or December 31, 2010, with $48.7 million available for borrowing under the facility as of March 31, 2011. Consolidated leverage, as defined in the Company’s credit agreement, was 4.4x as of March 31, 2011, compared to 4.3x as of December 31, 2010. Other components of cash flow for the first quarter of 2011 included cash capital expenditures of $2.6 million and cash payments for programming of $6.8 million.
Subsequent Event
On April 8, 2011, the FCC approved applications from ACME Television Inc. and its affiliate ACME Television Licenses of Ohio, LLC to assign the FCC license of WCWF-TV in the Green-Bay-Appleton, WI market to a subsidiary of LIN Television, and to assign the license of WBDT-TV in the Springfield, OH market to a third party, WBDT Television, LLC. The Company expects its acquisitions of WCWF-TV and certain assets of WBDT-TV to close during the second quarter of 2011.
Business Outlook
The Company has provided historical quarterly financial information for its continuing operations on its web site. Interested parties should go to the Investor Relations section of www.linmedia.com.
The Company expects that second quarter 2011 net revenues will increase in the range of 3% to 6% (or $2.5 million to $5.7 million), compared to net revenues of $99.5 million for the second quarter of 2010.
The Company expects that its direct operating and selling, general and administrative expenses, which includes digital cost of sales and other variable sales related expenses, will increase in the range of 7% to 9% (or $4.2 million to $5.3 million) for the second quarter of 2011, compared to reported expenses of $56.5 million for the second quarter of 2010.
The Company’s current outlook for revenues, expenses and cash flow items for the second quarter of 2011, excluding special items, are anticipated to be in the following ranges: Second Quarter 2011 Net advertising revenues $79.0 to $81.0 million Net digital revenues $20.0 to $20.6 million Network comp/Barter/Other revenues $3.0 to $3.6 million Total net revenues $102.0 to $105.2 million Direct operating and selling, general and administrative expenses(1) $60.7 to $61.8 million Station non-cash stock-based compensation expense $0.3 to $0.4 million Amortization of program rights $5.3 to $6.2 million Cash payments for programming $6.7 to $7.2 million Corporate expense(1) $6.1 to $6.7 million Corporate non-cash stock-based compensation expense $1.3 to $1.5 million Depreciation and amortization of intangibles $7.0 to $7.5 million Cash capital expenditures $4.0 to $5.0 million Cash interest expense $11.0 to $12.0 million Principal amortization of the term loan $0.5 million Cash taxes $0.3 to $0.4 million Effective tax rate 38% to 40%
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(1) Includes non-cash stock-based compensation expense.
The Company advises that all of the information and factors set forth above are subject to risks, uncertainties and assumptions (see the “Forward-Looking Statements” heading below), which could individually or collectively cause actual results to differ materially from those projected above.
Conference Call
The Company will hold a conference call to discuss its first quarter results today, April 27, 2011, at 10:00 AM Eastern Time. To participate in the call, please dial 1-888-713-3596 for U.S. callers and 1-913-312-1443 for international callers. The call-in pass code is 3676330. Callers who intend to participate in the call should dial in 10 minutes before the start of the call to ensure access. The conference call will also be webcast simultaneously from the Company’s web site, www.linmedia.com, and can be accessed there through a link on the home page. For those unavailable to participate in the live teleconference, a replay can be accessed via the Investor Relations section of www.linmedia.com or by dialing 1-888-203-1112 and entering the same pass code as above. The telephone replay will be available through May 11, 2011.
Access to Non-GAAP Financial Measures and Other Supplemental Financial Data
The Company reports and discusses its operating results using financial measures consistent with generally accepted accounting principles (“GAAP”) and believes this should be the primary basis for evaluating its performance. Non-GAAP financial measures such as Broadcast Cash Flow (“BCF”), Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Free Cash Flow (“FCF”) should not be viewed as alternatives or substitutes for GAAP reporting. However, BCF, Adjusted EBITDA and FCF are common supplemental measures of performance used by investors, lenders, rating agencies and financial analysts. As a result, these non-GAAP measures can provide certain additional insight about the market value of the Company and its stations; the Company’s ability to fund acquisitions, investments and working capital needs; the Company’s ability to service its debt; the Company’s performance versus other peer companies in its industry; and other operating performance trends for its business. The Company makes available reconciliations of its operating income (loss), a GAAP reporting measure, to BCF, Adjusted EBITDA and FCF on the Company’s web site. In addition, the Company provides additional information on its web site, at the same location, regarding historical revenue by source, pro forma income statement information and certain other components of cash flow. Interested parties should go to the Investor Relations section of www.linmedia.com.
Forward-Looking Statements
The information discussed in this press release, particularly in the section with the heading Business Outlook, includes forward-looking statements about the Company’s future operating results within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company based these forward-looking statements on its current assumptions, knowledge, estimates and projections about factors that could affect its future operations. Although the Company believes that its assumptions made in connection with the forward-looking statements are reasonable, no assurances can be given that those assumptions and expectations will prove to be correct. Statements in this press release that are forward-looking include, but are not limited to, local, national and political advertising growth; changes in digital, network compensation, barter and other revenues; changes in direct operating, selling, general and administrative, barter, amortization of program rights and corporate expenses; and cash programming, cash capital expenditures, cash interest expense and principal amortization, cash tax payments and effective tax rates and distributions from equity investments. These forward-looking statements are subject to various risks, uncertainties and assumptions which may cause these expectations and assumptions not to occur or to differ materially from those outcomes projected in the forward-looking statements. Such risks and uncertainties include, but are not limited to, ongoing economic uncertainty; restrictions on the Company’s operations as a result of the Company’s indebtedness; global or local events that could disrupt TV broadcasting; softening of the domestic advertising market; further consolidation of national and local advertisers, and the national sales representation market; potential liabilities related to the Company’s guarantee of the debt obligations of its joint venture with NBCUniversal; risks associated with acquisitions, including integration of acquired businesses; changes in TV viewing patterns, ratings and commercial viewing measurement; increases in news and syndicated programming costs, and capital expenditures; changes in television network affiliation agreements and retransmission consent agreements; changes in government regulation; competition; seasonality; effects of complying with accounting standards; potential influence of certain stockholders, including HM Capital Partners LLC and its affiliates, and other risks discussed in the Company’s Annual Report on Form 10-K and other filings made with the Securities and Exchange Commission (which are available on the Investor Relations section of www.linmedia.com, or at www.sec.gov), which are incorporated in this release by reference. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required to by applicable law.
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia company that owns, operates or services 32 network-affiliated broadcast television stations, interactive television station and niche web sites, and mobile platforms in 17 U.S. markets. LIN Media’s online advertising business, RMM, leverages unique technology, new product innovation and customized interactive and mobile advertising solutions to deliver measurable results to local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.linmedia.com. LIN TV Corp. Consolidated Statements of Operations (unaudited)
Three months ended March 31, 2011 2010 (in thousands, except per share data)
Net revenues $ 92,640 $ 91,845
Operating costs and expenses: Direct operating 31,033 29,305 Selling, general and administrative 26,883 25,424 Amortization of program rights 5,589 6,206 Corporate 6,481 5,184 General operating expenses 69,986 66,119
Depreciation, amortization and other operating charges (benefits): Depreciation 6,500 7,100 Amortization of intangible assets 273 409 Restructuring charge - 2,118 Loss (gain) from asset dispositions 255 (181 ) Operating income 15,626 16,280
Other expense: Interest expense, net 12,932 11,715 Share of loss in equity investments 613 - (Gain) loss on derivative instruments (620 ) 9 Loss on extinguishment of debt 142 - Other expense (income), net 1 (710 ) Total other expense, net 13,068 11,014
Income before provision for income taxes 2,558 5,266 Provision for income taxes 972 1,765
Net income $ 1,586 $ 3,501
Basic income per common share: Net income $ 0.03 $ 0.07 Weighted-average number of common shares outstanding used in calculating basic income per common share 54,983 52,827
Diluted income per common share: Net income $ 0.03 $ 0.06
Weighted-average number of common shares outstanding used in calculating diluted income per common share 56,545 54,475 LIN TV Corp. Consolidated Balance Sheets (unaudited)
March 31, December 31, 2011 2010 (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 26,775 $ 11,648 Accounts receivable, less allowance for doubtful accounts (2011 - $2,737; 2010 - $2,233) 75,273 82,486 Other current assets 10,166 5,921 Total current assets 112,214 100,055 Property and equipment, net 149,950 154,127 Deferred financing costs 7,012 7,759 Goodwill 117,259 117,259 Broadcast licenses and other intangible assets, net 397,007 397,280 Other assets 13,933 13,989 Total assets $ 797,375 $ 790,469
LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Current portion of long-term debt $ 5,595 $ 9,573 Accounts payable 7,803 8,003 Accrued expenses 50,518 42,353 Program obligations 9,711 9,528 Total current liabilities 73,627 69,457 Long-term debt, excluding current portion 614,052 613,687 Deferred income taxes, net 186,926 185,997 Program obligations 6,245 7,240 Other liabilities 44,404 45,520 Total liabilities 925,254 921,901
Stockholders' deficit: Class A common stock, $0.01 par value, 100,000,000 shares authorized, Issued: 32,587,874 and 32,509,759 shares as of March 31, 2011 and December 31, 2010, respectively Outstanding: 31,715,056 and 31,636,941 shares as of March 31, 2011 and December 31, 2010, respectively 295 294 Class B common stock, $0.01 par value, 50,000,000 shares authorized, 23,502,059 shares as of March 31, 2011 and December 31, 2010, issued and outstanding; convertible into an equal number of shares of Class A or Class C common stock 235 235 Class C common stock, $0.01 par value, 50,000,000 shares authorized, 2 shares as of March 31, 2011 and December 31, 2010, issued and outstanding; convertible into an equal number of shares of Class A common stock - - Treasury stock, 872,818 shares of Class A common stock as of March 31, 2011 and December 31, 2010, at cost (7,869 ) (7,869 ) Additional paid-in capital 1,111,661 1,109,814 Accumulated deficit (1,204,381 ) (1,205,967 ) Accumulated other comprehensive loss (27,820 ) (27,939 ) Total stockholders' deficit (127,879 ) (131,432 ) Total liabilities and stockholders' deficit $ 797,375 $ 790,469 LIN TV Corp. Consolidated Statements of Cash Flows (unaudited)
Three months ended March 31, 2011 2010 (in thousands) OPERATING ACTIVITIES: Net income $ 1,586 $ 3,501 Adjustment to reconcile net income to net cash provided by operating activities: Depreciation 6,500 7,100 Amortization of intangible assets 273 409 Amortization of financing costs and note discounts 1,029 1,328 Amortization of program rights 5,589 6,206 Program payments (6,753 ) (7,071 ) Loss on extinguishment of debt 142 - (Gain) loss on derivative instruments (620 ) 9 Share of loss in equity investments 613 - Deferred income taxes, net 929 1,847 Stock-based compensation 1,557 1,151 Loss (gain) from asset dispositions 255 (181 ) Other, net 119 (329 ) Changes in operating assets and liabilities, net of acquisitions: Accounts receivable 7,213 2,719 Other assets (5,025 ) 1,100 Accounts payable (200 ) 193 Accrued interest expense 11,061 6,851 Other liabilities and accrued expenses (2,174 ) (3,219 ) Net cash provided by operating activities 22,094 21,614
INVESTING ACTIVITIES: Capital expenditures (2,607 ) (4,045 ) Proceeds from the sale of assets 40 180 Payments on derivative instruments (644 ) - Shortfall loan to joint venture with NBCUniversal -
(3,121 ) Net cash used in investing activities (3,211 ) (6,986 )
FINANCING ACTIVITIES: Net proceeds on exercises of employee and director stock-based compensation 290 - Proceeds from borrowings on long-term debt - 4,000 Principal payments on long-term debt (3,978 ) (20,059 ) Payment of long-term debt issue costs (68 ) - Net cash used in financing activities (3,756 ) (16,059 )
Net increase (decrease) in cash and cash equivalents 15,127 (1,431 ) Cash and cash equivalents at the beginning of the period 11,648 11,105 Cash and cash equivalents at the end of the period $ 26,775 $ 9,674
Yes I agree with you on all of the post, I look for VLCO to have the same in the future, I am in the Broadcasting Industry and very aware of them both! Very Strong Companies!
there is good value here all the broadcasting plays should see higher earnings through later this year and all next year, barring unforseen calamity; the big Presidential election will increase ad revs. LTV is also a likely takeover candidate at some point.
LIN TV Corp. to Announce First Quarter 2011 Earnings Results on April 27, 2011 Lin TV (NYSE:TVL) Intraday Stock Chart
Today : Tuesday 19 April 2011 Click Here for more Lin TV Charts.
LIN TV Corp. (“LIN Media”; NYSE: TVL), a local multimedia company, will report its first quarter 2011 earnings results before the market opens on April 27, 2011. The Company will host a conference call to discuss the earnings release that morning at 10:00 a.m. (ET).
The conference call-in number is 1-888-713-3596 for U.S. callers and 1-913-312-1443 for international callers. The call-in pass code is 3676330. Callers who intend to participate in the call should call in 10 minutes before the start of the call to ensure access. A replay of the call will be available through May 11, 2011 by dialing 1-888-203-1112 and entering the same pass code as above. The conference call will also be webcast simultaneously from LIN Media's web site, www.linmedia.com, and can be accessed there through a link on the home page (under Latest LIN Media News) or on the Investor Relations page (under Events).
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia company that owns, operates or services 32 network-affiliated broadcast television stations, interactive television station and niche web sites, and mobile platforms in 17 U.S. markets. LIN Media's online advertising business, RMM, leverages unique technology, new product innovation and customized interactive and mobile advertising solutions to deliver measurable results to local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.linmedia.com.
LIN Media Enters Into Retransmission Consent Agreement with DISH Network Date : 03/13/2011 @ 1:05PM Source : Business Wire Stock : LIN Media (TVL) Quote : 5.11 -0.09 (-1.73%) @ 11:05AM
LIN Media Enters Into Retransmission Consent Agreement with DISH Network Lin TV (NYSE:TVL) Intraday Stock Chart
Today : Monday 14 March 2011 Click Here for more Lin TV Charts.
LIN Media (NYSE: TVL), a local multimedia company, today announced that it has entered into a retransmission consent agreement with DISH Network, L.L.C (“DISH”). As a result, DISH has resumed carriage of the local television stations that LIN Media owns, operates or services.
“We are pleased that our negotiations with DISH Network resulted in a fair resolution and a new retransmission consent agreement,” said LIN Media’s President and Chief Executive Officer Vincent L. Sadusky. “We thank our viewers and our advertisers for their tremendous support.”
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia company that owns, operates or services 32 network-affiliated broadcast television stations, interactive television station and niche web sites, and mobile platforms in 17 U.S. markets. LIN Media's online advertising business, RMM, leverages unique technology, new product innovation and customized interactive and mobile advertising solutions to deliver measurable results to local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.linmedia.com.
LIN Media’s Current Retransmission Contract with DISH Network Expires Without New Agreement Lin TV (NYSE:TVL) Intraday Stock Chart
Today : Saturday 5 March 2011 Click Here for more Lin TV Charts.
LIN Media (NYSE: TVL), a local multimedia company, today announced that an agreement could not be reached with DISH Network, L.L.C. (“DISH”) prior to the current contract expiring on March 4, 2011 at Midnight (MST). As a result, DISH has discontinued carriage of the following television stations owned, operated, or serviced by LIN Media:
* Albuquerque: KRQE-TV (CBS) and KASA-TV (FOX) * Austin: KXAN-TV (NBC) and KNVA-TV (CW) * Buffalo: WIVB-TV (CBS) and WNLO-TV (CW) * Columbus: WWHO-TV (CW) * Dayton: WDTN-TV (NBC), WBDT-TV (CW) * Ft. Wayne: WANE-TV (CBS) * Grand Rapids: WOOD-TV (NBC), WOTV-TV (ABC) * Green Bay: WLUK-TV (FOX) * Indianapolis: WISH-TV (CBS) and WNDY-TV (MyNetwork TV) * Lafayette: WLFI-TV (CBS) * Mobile: WALA-TV (FOX) and WFNA-TV (CW) * New Haven: WTNH-TV (ABC) and WCTX-TV (MyNetwork TV) * Norfolk: WAVY-TV (NBC) and WVBT-TV (FOX) * Providence: WPRI-TV (CBS) and WNAC-TV (FOX) * Springfield (Mass): WWLP-TV (NBC) * Terre Haute: WTHI-TV (CBS) * Toledo: WUPW-TV (FOX)
“We only want what is fair for our local stations, so that we can continue providing the premium news, sports, entertainment, and other local programming that is most important to viewers,” said LIN Media’s President and Chief Executive Officer Vincent L. Sadusky. “We will continue negotiating with DISH so we may reach an agreement.”
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia company that owns, operates or services 32 network-affiliated broadcast television stations, interactive television station and niche web sites, and mobile platforms in 17 U.S. markets. LIN Media's online advertising business, RMM, leverages unique technology, new product innovation and customized interactive and mobile advertising solutions to deliver measurable results to local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.linmedia.com.
WTNH News 8 Welcomes Don Lark Lin TV (NYSE:TVL) Intraday Stock Chart
Today : Friday 4 March 2011 Click Here for more Lin TV Charts.
WTNH News 8 is proud to welcome the newest member of its news team, Don Lark. He will be joining Sara Welch as co-anchor of weekend evening newscasts at 6, 10 and 11 pm. Lark's first day will be Saturday the 5th.
"Don spent years reporting the news in Connecticut. He is a well respected, experienced journalist and we are excited to have him join News 8," said Mark Higgins, Vice-President and General Manager of WTNH/WCTX.
Lark is an Emmy award winning journalist, who was most recently on the air in Syracuse, New York. Lark is a familiar face to many in our state. Viewers may remember him from his time on the anchor desk in Connecticut during the 80's and 90's. Since then, Lark has traveled to Bosnia and Kosovo as a reporter and has raised over $1.5 million for Casey's Place, a respite home for families of children with multiple disabilities in Central New York
Join us in welcoming Don Lark back to television in Connecticut. His first broadcast will be at 6 pm on Saturday, March 5th.
LIN Media, along with its subsidiaries, is a local multimedia company that owns and/or operates 28 network-affiliated broadcast television stations and interactive television station and niche web sites in 17 U.S. markets. LIN Media's online advertising business, RMM, leverages unique technology, new product innovation and customized interactive and mobile advertising solutions to deliver measurable results to local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the symbol "TVL". Financial information about the company is available at www.linmedia.com.
For More Information: Karen Zeitlin (203) 784-8854
LIN Media Announces Retransmission Consent Contract with DISH Expires March 4, 2011 Lin TV (NYSE:TVL) Intraday Stock Chart
Today : Monday 28 February 2011 Click Here for more Lin TV Charts.
LIN Media (NYSE: TVL), a local multimedia company, today announced that its current retransmission consent contract with DISH Network, L.L.C. (“DISH”) expires on March 4, 2011 at Midnight (MST) and at this time it appears unlikely that a new agreement will be reached. If a new retransmission consent contract is not reached by March 4, 2011, by law, DISH cannot carry certain local television stations owned, operated, or serviced by LIN Media on its satellite system.
The contract includes the following television stations owned, operated, or serviced by LIN Media:
* Albuquerque: KRQE-TV (CBS) and KASA-TV (FOX) * Austin: KXAN-TV (NBC) and KNVA-TV (CW) * Buffalo: WIVB-TV (CBS) and WNLO-TV (CW) * Columbus: WWHO-TV (CW) * Dayton: WDTN-TV (NBC), WBDT-TV (CW) * Ft. Wayne: WANE-TV (CBS) * Grand Rapids: WOOD-TV (NBC), WOTV-TV (ABC) * Green Bay: WLUK-TV (FOX) * Indianapolis: WISH-TV (CBS) and WNDY-TV (MyNetwork TV) * Lafayette: WLFI-TV (CBS) * Mobile: WALA-TV (FOX) and WFNA-TV (CW) * New Haven: WTNH-TV (ABC) and WCTX-TV (MyNetwork TV) * Norfolk: WAVY-TV (NBC) and WVBT-TV (FOX) * Providence: WPRI-TV (CBS) and WNAC-TV (FOX) * Springfield (Mass): WWLP-TV (NBC) * Terre Haute: WTHI-TV (CBS) * Toledo: WUPW-TV (FOX)
“Our highly-rated television stations are important assets to our local communities and it is unfortunate that DISH does not recognize their fair market value,” said LIN Media’s President and Chief Executive Officer Vincent Sadusky. “We look forward to continuing negotiations with DISH to reach a deal before our contract expires.”
In the event that these stations are no longer carried by DISH, viewers may continue to watch their local news, lifestyle and sports programs, as well as top-rated prime time and syndicated programming, over-the-air via antenna or by switching to an alternative pay-TV service provider.
Safe Harbor Statement
This press release includes statements that constitute "forward-looking statements," including statements regarding our future plans and strategies. Forward-looking statements inherently involve risks and uncertainties, including, among other factors, general economic conditions, demand for advertising, competition for audience and programming, government regulations and new technologies, that could cause our actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include the risks detailed in our periodic reports filed with the Securities and Exchange Commission. Reports may be accessed online at www.sec.gov or www.linmedia.com. By making these forward-looking statements, we undertake no obligation to update these statements for revisions or changes after the date of this press release.
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia company that owns, operates or services 32 network-affiliated broadcast television stations, interactive television station and niche web sites, and mobile platforms in 17 U.S. markets. LIN Media's online advertising business, RMM, leverages unique technology, new product innovation and customized interactive and mobile advertising solutions to deliver measurable results to local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.linmedia.com.
LIN TV Corp. (NYSE: TVL), a local television and digital media company, today announced the acquisition of Red McCombs Media, LP (“RM Media”), an online advertising and media services company based in Austin, Texas.
The acquisition significantly expands LIN TV’s local multi-platform offerings by providing national advertising and enhanced services, including targeted display, rich media, video advertising, custom-built vertical channels, search engine marketing, search engine optimization, and mobile marketing.
“RM Media advances LIN’s transformation from a local broadcaster to a digital media company with a national footprint,” said LIN TV’s President and Chief Executive Officer Vincent Sadusky. “RM Media was founded by innovative and entrepreneurial leaders who have a clear understanding of new media engagement and a first-to-market advantage.”
"This is an exciting opportunity for RM Media and our clients," said Jon Flatt, President of RM Media. "RM Media’s foundation for success is, and will continue to be, providing unparalleled client service and achieving measurable results for our clients. As part of LIN TV's digital media strategy, we will be able to benefit from important synergies and have greater resources for growth, enhanced service and innovation."
RM Media was founded in 2004 by Internet entrepreneur Jon Flatt who joined forces with business and media leader Red McCombs in 2005. Today, RM Media connects targeted audiences with advertisers and publishers based on demographic, psychographic and consumer behaviors to enhance branding and maximize client return on investment.
RM Media’s unique technology, new product innovation and customized online advertising solutions deliver measurable results to local, regional and national clients including several Fortune 500 companies. In August 2009, Inc. magazine announced that RM Media, for the second year in a row, was among the Inc. 5,000 fastest-growing private companies in the nation with three year sales growth of 230.6%.1
LIN TV's acquisition of RM Media will further diversify and augment the Company’s digital marketing and sales business, as well as providing new opportunities for growth. By integrating RM Media's in-depth online media properties with sophisticated technology, LIN TV will be well positioned to deliver and monetize a vast array of multimedia product offerings.
About LIN TV
LIN TV Corp., along with its subsidiaries, is a local multi-platform digital media company, owning and/or operating 27 nationally-affiliated broadcast network television stations in 17 U.S. markets, more than 50 interactive television station and niche web sites and mobile marketing solutions.
LIN TV is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.lintv.com.
Safe Harbor
This press release includes statements that constitute "forward-looking statements," including statements regarding our future plans and strategies, growth opportunities, and our future prospects. Forward-looking statements inherently involve risks and uncertainties, including, among other factors, general economic conditions, demand for advertising, risks associated with the integration of acquired businesses, competition for audience and programming, government regulations and new technologies, that could cause our actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include the risks detailed in our periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, we undertake no obligation to update these statements for revisions or changes after the date of this press release.
LIN TV Corp.
Four Richmond Square
Suite 200
Providence, RI 02906
United States - Map
Phone: 401-454-2880
Fax: 401-454-2817
Web Site: http://www.lintv.com
LIN TV Corp., together with its subsidiaries, engages in the ownership and operation of television stations in the United States and Puerto Rico. It provides over-the-air broadcasts of its programming to communities, it is licensed to serve. The company provides daily local news coverage, public service announcements, and political advertising time. As of March 13, 2007, it owned and operated 31 television stations in 18 markets. The company, formerly known as Ranger Equity Holdings Corporation, was founded in 1997. LIN TV Corp. is headquartered in Providence, Rhode Island.
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LIN TV to Sell Licenses for 700 MHz
Monday September 17, 9:06 am ET
PROVIDENCE, R.I.--(BUSINESS WIRE)--LIN TV Corp. (NYSE: TVL - News), a television, digital media and online news company, today announced that it has entered into an agreement with Aloha Partners, L.P. ("Aloha") to sell 32 lower 700MHz licenses for an aggregate purchase price of $32.5 million in cash. The closing, which is expected to occur in the fourth quarter of 2007, is contingent upon approval of the FCC.
The licenses are in the lower 700 MHz "C" Block and are clustered in Northeast and Upper Midwest markets, in addition to markets in South Central Texas.
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