LIN TV's Negotiations with Suddenlink Unsuccessful
31 12์ 2007 - 8:00PM
Business Wire
LIN TV Corp. (NYSE: TVL), a local television and digital media
company, announced today that an agreement could not be reached
with cable provider Suddenlink Communications (๏ฟฝSuddenlink๏ฟฝ). As a
result, Suddenlink discontinued carriage of LIN TV๏ฟฝs KXAN-TV (NBC)
in the Austin market and KBIM-TV (CBS) in the Albuquerque market
when the current contract expired on December 31, 2007. LIN TV has
successfully reached agreements with other subscription-based
television services, including cable operators, telephone companies
and satellite providers, all of whom have acknowledged the fair
market value of LIN TV๏ฟฝs stations. ๏ฟฝLocal broadcast stations are
among the most important channels cable operators provide,๏ฟฝ said
LIN TV๏ฟฝs Executive Vice President Digital Media Gregory M.
Schmidt.๏ฟฝ ๏ฟฝSuddenlink charges its customers a fee for local
broadcast stations and our stations deserve a fair share of that,
so we can continue providing the premium news, sports,
entertainment, and other local programming that is most important
to our viewers.๏ฟฝ About LIN TV LIN TV Corp., along with its
subsidiaries (๏ฟฝLIN TV๏ฟฝ or ๏ฟฝthe Company๏ฟฝ), is a local television and
digital media company, owning๏ฟฝ29 television stations in 17 U.S.
markets, all of which are affiliated with a national broadcast
network. LIN TV๏ฟฝs highly-rated stations deliver superior local news
and community stories, along with top-rated sports and
entertainment programming, to 9% of U.S. television homes, reaching
an average of 11.5 million households per week. LIN TV is also a
leader in the convergence of local broadcast television and the
Internet through its 29 television station web sites and a growing
number of local web sites. LIN TV is traded on the New York Stock
Exchange under the symbol ๏ฟฝTVL๏ฟฝ. Financial information about the
company is available at www.lintv.com.
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