/// Media General to Buy LIN Media for $1.6 Billion

March 21, 2014  |  Media Week

Consolidation in the TV business continues unabated, as Media General on Friday announced it has agreed to acquire LIN Media for $1.6 billion. Pending regulatory approval, the combined group will include 74 network affiliate owned or services TV stations in 46 markets and reach nearly a quarter (23 percent) of U.S. TV households. The combined portfolio will have 33 Big Four network affiliates in the top 75 markets and will boast the second-largest CBS affiliate group.

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