LIN Media
 |
|
| Public | |
| Traded as | NYSE: LIN |
| Industry |
Broadcast Television Television Production |
| Fate | Merged with Media General |
| Predecessor | LIN Broadcasting LIN TV Corporation New Vision Television |
| Successor |
Media General Nexstar Media Group |
| Founded | 1994 |
| Defunct | December 19, 2014 |
| Headquarters |
Providence, Rhode Island Austin, Texas |
|
Area served
|
United States (Nationwide) |
|
Key people
|
Vincent L. Sadusky (CEO) |
| Products | Broadcast television |
| Revenue |
 $443.5 million USD
|
|
$247.44 million USD
|
|
 $274.5 million USD
|
|
| Owner | HM Capital Partners (70%) |
|
Number of employees
|
2,414 (full-time) |
| Subsidiaries | LIN Digital |
| Website | www |
LIN Media was an American holding company founded in 1994 that operated 43 television stations. All except six were affiliates of the five major U.S. television networks. Five of the six remaining stations were affiliated with the syndication service MyNetworkTV and one was a low powered weather station in Indiana.
LIN Media's Chief Executive Officer was Vincent L. Sadusky. Sadusky had been LIN's Chief Financial Officer, Vice President and treasurer since 2004, and had been CFO for Telemundo, working closely on its sale to GE/NBC. Sadusky had been interim CEO since former Chairman Gary R. Chapman announced his impending retirement in June 2006, and through the company's search for a permanent replacement. He was installed as CEO upon Chapman's retirement on July 10, 2006.
LIN TV's roots trace back to the founding of its former parent, LIN Broadcasting Corporation, in 1961. LIN Broadcasting was engaged in radio, television, direct marketing, information and learning, music publishing, and record labels. LIN takes its initials from three major cities where it originally owned radio stations: Louisville, Indianapolis and Nashville (all located on Interstate 65). The company purchased its first television station, WTVP (now WAND) in Decatur, Illinois, at the end of 1965. It also briefly owned the catalogues of King Records and Starday Records in the early 1970s.
LIN Broadcasting made acquisitions in broadcasting, expanded into paging, and in the early 1980s the company entered the fledgling cellular telephone business. By 1983 the company owned seven television stations and by 1985 it owned and managed cellular telephone licenses serving Dallas, Houston, Los Angeles, New York City, and Philadelphia. LIN Broadcasting sold its paging operations and six of its radio stations in 1986 to help finance the development of its cellular business.
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Wikipedia