LIN TV tenders for 8% notes

New York, Jan. 18 - LIN TV Corp. said its subsidiary LIN Television Corp. has started a cash tender offer for any and all of its $166.4 million outstanding 8% senior notes due 2008. LIN Television is also soliciting consents to amend the note indenture to eliminate substantially all of the restrictive covenants and certain events of default.

The tender offer is being made in connection with LIN Television's recently announced plans to offer $175 million of 6½% senior subordinated notes due 2013 although completion of the tender offer is not a condition to completion of the notes offering.

For each $1,000 principal amount of the 8% notes, LIN Television is offering a purchase price of $1,010.00 plus accrued and unpaid interest to but excluding the date of payment and a consent payment of $32.50 payable only to holders who tender and deliver consents by the consent deadline.

The consent deadline is 5 p.m. ET on Jan. 31 and the tender ends at 9 a.m. ET on Feb. 15.

The offer is subject to conditions including the completion of the sale of the senior subordinated notes.

J.P. Morgan Securities Inc. (866 834-4666 or 212 834-3424) and Deutsche Bank Securities Inc. (212 250-7772) are dealer managers and solicitation agents. Global Bondholder Services Corp. is the information agent (banks and brokers call collect 212 430-3774, others call 866 387-1500).

LIN TV is a Providence, R.I., television broadcaster.

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