Media Bureau Approves Media General/LIN
The FCC Media Bureau approved Media General’s $1.5 billion buy of LIN Media, the bureau said in a letter released Friday. The deal was the subject of a Department of Justice consent decree in October requiring some divestitures (see 1410300060).…
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The FCC concurred with Media General’s agreement with DOJ to divest seven stations, and considers the dissolution of several joint sales agreements to which some of the divested stations are parties to be a public interest benefit, the letter said. Though some JSAs remain in place among some of the 70-plus stations involved in the transaction, “Post-merger Media General” will have the same 2016 deadline to bring the JSAs in line with FCC attribution rules as other broadcasters, the letter said. On the closing of the deal, LIN CEO Vincent Sadusky will become CEO of post-transaction Media General, the letter said.