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 (“Suddenlink”).
As a result, Suddenlink discontinued carriage of LIN TV’s
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’s stations.
“Local broadcast stations are among the most
important channels cable operators provide,”
said LIN TV’s Executive Vice President Digital
Media Gregory M. Schmidt. “Suddenlink
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.”
About LIN TV
LIN TV Corp., along with its subsidiaries (“LIN
TV” or “the Company”),
is a local television and digital media company, owning 29 television
stations in 17 U.S. markets, all of which are affiliated with a national
LIN TV’s 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 “TVL”.
Financial information about the company is available at www.lintv.com.