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LIN Buying 2nd Albuquerque Station

Jul 27, 2006  •  Post A Comment

LIN TV has agreed to by KASA-TV, the Fox affiliate in Albuquerque, N.M., from Raycom Media for $55 million in cash. The announcement said that even though the deal is not expected to close until the fourth quarter of 2006, LIN TV will take over operations of the station under a local management agreement that takes effect Aug. 31.

LIN recently acquired CBS-affiliated KRQE-TV in Albuquerque, the 46th-largest TV market in the country.

“We believe the addition of KASA is an excellent complement to our multistation strategy,” said Vincent L. Sadusky, LIN TV’s new president and CEO “Albuquerque is a great market and we are excited to create a duopoly so soon after acquiring KRQE.”

The KASA deal will bring to 10 the number of markets in which LIN operates two or more stations.