LIN files for IPO - Broadcasting & Cable

LIN files for IPO

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For the third time in its history, LIN Television Corp. is going public.

The company filed a registration statement for an initial public offering
with the Securities and Exchange Commission earlier this week.

Current owner Hicks, Muse, Tate & Furst Inc. will be the largest single
shareholder in the company.

LIN also reported that it will absorb Sunrise Television Corp., a
small-market TV group also controlled by Hicks, Muse.

LIN officials said they hope to have the IPO accepted, a road show to
prospective investors complete and the IPO priced by mid-April.

After the court decision earlier this week on the TV-station-ownership caps
and broadcast-cable cross-ownership, speculation was that LIN would sell
out.

Quite the contrary, LIN president Gary Chapman said. 'It's our intention that
LIN will be a consolidator' in medium and smaller markets, he
added.

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