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