WSLS 10 parent company Media General announces merger

WSLS 10 parent company Media General announces merger
WSLS 10 parent company Media General announces merger

WSLS 10’s parent company announced a merger today.

Media General and LIN Media announced Friday that the two companies will merge to create the second largest television-only broadcasting company in the United States.

A joint statement said the combined company will keep the Media General name and that the headquarters will remain in Richmond, Va. LIN Media is based in Providence. The LIN CEO will become chief executive and CEO of the new company.

The merged company will operate 74 network affiliates in 46 television markets, reaching about 26.5 million households.

The deal is valued at $2.6 billion. The transaction is expected to close in early 2015.

MEDIA GENERAL may allow you to upload, post, transmit or otherwise provide content to MEDIA GENERAL Web sites, including, but not limited to, photos, video, audio, comments, articles, blogs, forums and any other such communication in which you provide content to the Web site ("User Content"). You agree that you are solely responsible for your communications and any content you provide. Read full terms and conditions of use by clicking here.

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