Editing LIN Media (section)

=== 2012: New Vision acquisition, NBC sale ===
On May 7, 2012, LIN TV announced that it would acquire the 13 television stations owned by [[New Vision Television]] for $330.4&nbsp;million and the assumption of $12&nbsp;million in debt. The agreement included operational control of three stations currently owned by PBC Broadcasting involved in shared service agreements with New Vision-owned stations in three markets. The three PBC-owned stations ([[KTKA-TV]] in [[Topeka, Kansas]],<ref>{{cite web|url=https://licensing.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/cdbsmenu.hts?context=25&appn=101498796&formid=314&fac_num=49397 |title=CDBS Print |publisher=Licensing.fcc.gov |date=December 31, 2011 |access-date=March 24, 2014}}</ref> [[WTGS]] in [[Savannah, Georgia]],<ref>{{cite web|url=https://licensing.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/cdbsmenu.hts?context=25&appn=101498800&formid=314&fac_num=27245 |title=CDBS Print |publisher=Licensing.fcc.gov |date=December 31, 2011 |access-date=March 24, 2014}}</ref> and [[WYTV]] in [[Youngstown, Ohio]]<ref>{{cite web|url=https://licensing.fcc.gov/cgi-bin/ws.exe/prod/cdbs/forms/prod/cdbsmenu.hts?context=25&appn=101498797&formid=314&fac_num=4693 |title=CDBS Print |publisher=Licensing.fcc.gov |access-date=March 24, 2014}}</ref>) were sold to Vaughan Media, but were operated by LIN TV under shared service agreements.<ref>{{cite web |date=May 18, 2012 |title=Tweets and Retweets From the Editors: LIN-New Vision Tops A Week of TV Sales |url=http://www.tvnewscheck.com/article/59549/linnew-vision-tops-a-week-of-tv-sales |access-date=March 24, 2014 |publisher=TVNewsCheck.com}}</ref> The transaction was finalized on October 12.<ref>{{Cite news|url=http://www.broadcastingcable.com/article/484100-LIN_Acquiring_New_Vision_Stations_for_330_Million.php|title=LIN Acquiring New Vision Stations for $330 Million|last=Malone|first=Michael|date=May 7, 2012|publisher=[[Broadcasting & Cable]]|access-date=May 7, 2012}}</ref><ref>{{cite web|last=Malone |first=Michael |url=http://www.broadcastingcable.com/article/489889-LIN_Closes_On_330_Million_New_Vision_Deal.php |title=LIN Closes On $330 Million New Vision Deal &#124; Broadcasting & Cable |publisher=Broadcastingcable.com |date=October 15, 2012 |access-date=March 24, 2014}}</ref>

On February 13, 2013, LIN TV announced that it would be re-organized into a new company, '''LIN Media, LLC'''. Also on that date, LIN pulled out of its Station Venture Operations joint venture with [[NBCUniversal]], giving NBC 100% ownership of KNSD and KXAS-TV. LIN paid NBC around $100&nbsp;million to allow for the transaction.<ref name=rbr-lin>{{cite web|title=LIN exits NBC joint venture, plans reorg|date=February 13, 2013 |url=http://rbr.com/lin-exits-nbc-joint-venture-plans-reorg/|publisher=RBR.com|access-date=February 13, 2013}}</ref> The re-organization was completed on July 30.<ref>{{cite web |url=http://www.linmedia.com/wp-content/uploads/2013/07/LIN-Media-LLC-Announces-Completion-of-Merger-with-LIN-TV-Corp.pdf |title=LIN Media LLC Announces Completion of Merger with LIN TV Corp. |publisher=LIN Meia |access-date=March 24, 2014 |archive-url=https://web.archive.org/web/20130918055434/http://www.linmedia.com/wp-content/uploads/2013/07/LIN-Media-LLC-Announces-Completion-of-Merger-with-LIN-TV-Corp.pdf |archive-date=September 18, 2013 |url-status=dead }}</ref>