LIN Media has completed its acquisition of the 13 television stations it agreed to purchase in May from New Vision Television. The acquisition brings the number of stations LIN operates or services to 43.
In a statement, LIN’s president and chief executive officer Vincent Sadusky said, “LIN Media has acquired a terrific collection of broadcast properties with employees that share a similar passion for excellence and growth that have driven our company for the past 50 years. The addition of these television stations further advances our strategy to expand our national footprint and digital media business.”
The deal is worth $342 million, including the assumption of $12 million in debt from New Vision Television.