Skip to main content

LIN Television To Shop Stations

LIN Television is gearing up to shop its TV stations.

LIN Television has hired J.P. Morgan to possibly shop its stations, saying in a statement that it was "exploring strategic alternatives" including a possible sale of the Company, but no decision had yet been made to sell the stations.

LIN announced last week that it had made $20.7 million in the first quarter of 2007 as compared to a loss of $4.3 million for the same quarter of 2006 . It attributed the turn-around to gains on the sale of its Puerto Rico stations, along with added new business revenues and cost cutting. Its net revenues were up 3% in part because of its purchase of Fox affiliate KASA-TV Albuquerque.

That comes on the heels of news that Nexstar was similarly situating itself for a possible buy-out .

LIN owns or operates 29 television stations and websites reaching 9.25% of country.