trending Market Intelligence /marketintelligence/en/news-insights/trending/dvlvohj-ottdoaved5kdig2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Media General unit withdraws change-of-control offer

Brazil Pay TV Down Record Amount In 2019, With Losses Continuing In Q1'20

Case Study: Transforming Sales Enablement Data at a Global Advertising and Media Firm

Impact of COVID 19 on US Video Entertainment Trends

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Media General unit withdraws change-of-control offer

Media General Inc.-owned LIN Television Corp. withdrew its change-of-control offer that was scheduled to expire at 11:59 p.m. ET on Dec. 30 saying that a condition set forth in the offer could not be satisfied within a stipulated time period.

The change-of-control offer was regarding the cash purchase of any and all of LIN's outstanding 5.875% senior notes due 2022 issued by LIN at a purchase price of 101% of the principal amount of the notes plus accrued and unpaid interest, if any, to the date of purchase.

As per the requirement for such an offer to be consummated, a change-of-control purchase date may not be later than 60 days following the date of dissemination of a change-of-control offer. LIN intends to disseminate a new change-of-control offer to the note holders to buy on about the same terms as the change-of-control offer.

The change-of-control offer relates to Media General's planned merger with Nexstar Broadcasting Group Inc.