LIN Media & ACME Communications Announce Shared Services Arrangement in the Albuquerque-Santa Fe, Dayton & Green Bay-Appleton...
04 6월 2010 - 9:59PM
Business Wire
LIN TV Corp. (“LIN Media”; NYSE: TVL), a local television and
multimedia company, today announced that the Company and ACME
Communications, Inc. have entered into shared services and related
agreements for ACME’s television stations KWBQ-TV and KASY-TV in
Albuquerque-Santa Fe, NM; WBDT-TV in Dayton, OH; and WIWB-TV in
Green Bay-Appleton, WI.
Under the terms of the agreements, LIN Media will provide
technical, engineering, promotional, administrative and other
operational support services from its stations KRQE-TV and KASA-TV
in the Albuquerque-Santa Fe market, WDTN-TV in the Dayton market,
and WLUK-TV in the Green Bay-Appleton market. In addition, LIN
Media will provide advertising sales services under a joint sales
agreement for the ACME stations in the Dayton and Green
Bay-Appleton markets. The agreements are expected to provide
operating synergies and expense savings to both parties in each of
the markets.
In making the announcement, Vincent L. Sadusky, President and
Chief Executive Officer of LIN Media, said, “This arrangement
leverages LIN Media’s core strengths in operating leading local
multimedia platforms and allows both parties to enjoy the benefits
of greater economies of scale.”
Doug Gealy, President and Chief Operating Officer of ACME
Television added, “We are delighted to have in place an arrangement
that further strengthens our stations and will allow them to better
serve their communities.”
Safe Harbor
This press release includes statements that constitute
"forward-looking statements," including statements regarding our
future plans and strategies, growth opportunities, and our future
prospects. Forward-looking statements inherently involve risks and
uncertainties, including, among other factors, general economic
conditions, demand for advertising, risks associated with the
integration of acquired businesses, competition for audience and
programming, government regulations and new technologies, that
could cause our actual results to differ materially from the
forward-looking statements. Factors that could contribute to such
differences include the risks detailed in our periodic reports
filed with the Securities and Exchange Commission. By making these
forward-looking statements, we undertake no obligation to update
these statements for revisions or changes after the date of this
press release.
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia
company that owns and/or operates 28 network-affiliated broadcast
television stations and interactive television station and niche
web sites in 17 U.S. markets. LIN Media's online advertising
business, RMM, leverages unique technology, new product innovation
and customized interactive and mobile advertising solutions to
deliver measurable results to local, regional and national
clients.
LIN TV Corp. is traded on the New York Stock Exchange under the
symbol “TVL”. Financial information about the company is available
at www.linmedia.com.
About ACME Communications, Inc.
ACME Communications, Inc. owns and operates six television
stations serving markets covering 2.2% of the nation's television
households. The Company's stations are: KWBQ-TV and KASY-TV,
Albuquerque-Santa Fe, NM; WBXX-TV, Knoxville, TN; WBDT-TV, Dayton,
OH; WIWB-TV, Green Bay-Appleton, WI and WBUW-TV, Madison, WI. All
of the Company's stations, except KASY-TV, a MyNetworkTV affiliate,
are affiliates of The CW Network. The Company also produces The
Daily Buzz, a nationally syndicated morning news program which airs
on 161 television stations across the country. The Company's shares
are traded over-the-counter under the symbol: ACME.PK.
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