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Media General, Inc. Announces Expiration of Exchange Offer for Lin Television Corporation's 5.875% Senior Notes Due 2022 - The Exchange Offer expired at 11:59 pm., New York City time on December 17, 2015. As of that time, $399,900, 000 in principal amount of the Original Notes had been tendered in the Exchange Offe
Media General, Inc. Announces Expiration of Exchange Offer for Lin Television Corporation's 5.875% Senior Notes Due 2022

 

NewswireToday - /newswire/ - Richmond, VA, United States, 2015/12/21 - The Exchange Offer expired at 11:59 pm., New York City time on December 17, 2015. As of that time, $399,900, 000 in principal amount of the Original Notes had been tendered in the Exchange Offe. NYSE: MEG; NASDAQ: NXST

   
 
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General, Inc. (“Media General”) announced today the expiration of the offer to exchange (the “Exchange Offer”) by LIN Television Corporation (the “Company”), a wholly owned subsidiary of Media General, Inc., up to $400,000, 000 aggregate principal amount of its outstanding 5.875% Senior Notes due 2022 (the “Original Notes”) for up to $400,000, 000 aggregate principal amount of its new 5.875% Senior Notes due 2022 (the “Exchange Notes” and, together with the Original Notes, the “Notes”) that have been registered under the Securities Act of 1933, as amended.

The Exchange Offer expired at 11:59 pm., New York City time on December 17, 2015. As of that time, $399,900, 000 in principal amount of the Original Notes had been tendered in the Exchange Offer.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities. The Exchange Offer was made only pursuant to a prospectus and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

About Media General

Media General (mediageneral.com) is one of the nation's largest local media companies that operates or services 71 television stations in 48 markets, along with the industry's leading digital media business. Our robust portfolio of broadcast, digital and mobile products informs and engages 23% of U.S. TV households and 90% of the total U.S. Internet audience.

Media General has one of the industry's largest and most diverse digital media businesses that includes One Mobile, Federated Media, HYFN and Dedicated Media, all under the LIN Digital banner. With unmatched local-to-national reach and integrated marketing solutions, Media General is a one-stop-shop for agencies and brands that want to effectively and efficiently reach their target audiences across all screens.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and are based on management’s estimates, assumptions and projections and involve known and unknown risks and uncertainties, many of which are beyond Media General's control.

No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. Media General assumes no duty to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, as of any future date.

 
 
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Written by / Agency / Source: Media General, Inc.

 
 

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Media General, Inc. Announces Expiration of Exchange Offer for Lin Television Corporation's 5.875% Senior Notes Due 2022

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Media General, Inc. | Lin Television Corp.
Publisher Contact: Courtney Guertin - MediaGeneral.com 
401-457-9501 cguertin[.]mediageneral.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Media General, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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