• May 14, 2012

New Vision has agreed to sell its local broadcast group to LIN Television Corporation, a wholly owned subsidiary of LIN TV Corp., for a purchase price of $330.4 million and the assumption of some debt. LIN Television Corporation will acquire the assets of New Vision’s owned stations.  New Vision’s assets include 17 stations in eight television markets: Portland, Birmingham, Honolulu, Wichita, Savannah, Youngstown, Topeka, and Mason City. The agreement is subject to regulatory approvals and customary closing conditions, and New Vision expects the acquisition to close before the end of 2012.