• by David Goetzl  @dgoetzl, August 10, 2007

Top-20 station group LIN TV would still like to sell itself, but isn't planning on any deal closing in the near term, given the state of the credit markets.

Unlike Nexstar, which halted its possible sale, LIN TV would still be open to an offer. "We continue to explore strategic alternatives, including a possible sale," said a pessimistic Vincent Sadusky, the CEO, in a conference call to discuss second-quarter results.

Net revenues in the second quarter edged up 1% to $103.3 million, even in a non-political year. Net income was up significantly compared to a year ago, when the company incurred massive expenses and a loss.

Auto advertising continued to suffer--down 6.8%, including foreign marketers' spending less.

Sadusky indicates the company believes it can make its Internet operations successful, especially using its video assets. "We think it's a wonderful opportunity for us to utilize the resources we have (for) a competitive advantage," he said.

The company has 29 Web sites to match the same number of stations it runs, including ones in Indianapolis and Buffalo.