The Best News Source About Television Stations in the Southeastern U.S.

LIN Media Purchases Birmingham Station, 12 Others Nationwide

In Alabama, Birmingham, CBS, LIN Media on May 12, 2012 at 10:11 am

LIN Television

New Vision Television announced last week its plans to sell its local broadcast group of 13 stations in eight television markets nationwide to LIN Television Corp., also known as LIN Media.

The only one of those in the South TV News coverage area: CBS affiliate WIAT in Birmingham, Ala.

The deal was priced at $330.4 million, according to a press release from New Vision Television’s website.

Barring any regulatory hurdles, it’s expected to close before the end of this year.

LIN Media CEO Vincent Sadusky told TV News Check it makes good business sense to go through with it.

“We are a very financially disciplined company,” said Sadusky. “We have no interest in getting bigger for bigger’s sake.… We do believe this is an accretive deal and there are opportunities to create further duopolies. We like the transaction, we like the mix of assets, we think it makes this entity stronger.”

There’s no word on how this will affect WIAT.

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  1. […] President-CEO Vincent L. Sadusky alluded to the recent business deal South TV News reported last week, which involves New Vision Television selling 13 stations in small-to-mid markets to LIN […]

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