LIN TV buys back $14 million of 8% notes

Pittsburgh, July 29 - LIN TV Corp. bought back $14 million of its 8% senior unsecured notes during the second quarter, according to a company news release.

The company now has $166.4 million of the notes outstanding.

Previously LIN TV said it bought back $24.5 million of the notes on April 29 and $29.5 million on Feb. 10.

The Providence, R.I., broadcasting company used borrowings under its revolving credit facility to fund the February repurchase, which it made in anticipation of receiving $24 million in cash from the sale of WEYI-TV in Flint, Mich.

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