Media General Purchases Providence-based LIN Media in $1.6 Billon Deal
By Matt Blanchette
Media General, which owns WJAR Channel 10 in Providence, has agreed to purchase LIN Media, which owns WPRI, Channel 12 as well as Fox Providence.
In sum, the deal includes74 network-affiliated owned or serviced TV stations across 46 markets and will reach 26.5 million, or approximately 23%, of U.S. TV households, subject to certain regulatory divestitures.
There is an FCC rule in place that limits companies from owning more than two affiliates in the same market, based on the size, and other factors.