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 broadcast network.
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.