LIN TV to Sell Licenses for 700 MHz.PROVIDENCE, R.I. -- LIN TV LIN TV Corporation is an American holding company that operates 31 television stations. History LIN TV's roots trace back to the founding of its former parent, LIN Broadcasting Corporation, in the mid 1960s. Corp. (NYSE NYSE See: New York Stock Exchange : TVL TVL Travel TVL TV Lines (resolution) TVL Transvaal TVL The Vampire Lestat (Anne Rice) TVL TV Land (television station) TVL Tenth-Value Layer ), a television, digital media and online news company, today announced that it has entered into an agreement with Aloha Partners, L.P. ("Aloha") to sell 32 lower 700MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. licenses for an aggregate purchase price of $32.5 million in cash. The closing, which is expected to occur in the fourth quarter of 2007, is contingent upon approval of the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. . The licenses are in the lower 700 MHz "C" Block and are clustered in Northeast and Upper Midwest markets, in addition to markets in South Central Texas. About LIN TV LIN TV Corp., along with its subsidiaries ("LIN TV" or "the Company"), is one of the largest television station groups in the country. The Company creates and delivers superior local news and community stories, along with top-rated entertainment programming to 9% of U.S. television households, reaching an average of 11.5 million households per week. LIN TV has a strong, diversified station portfolio with 29 owned and/or operated television stations and websites in 17 U.S. markets, located primarily in the top 75 designated market areas, according to Nielsen Media. LIN TV has and continues to identify and implement innovative business strategies, including being an early adopter of digital television, in order to provide superior viewing quality to its customers. Financial information and overviews of its stations are available at www.lintv.com. About Aloha Partners Based in Providence, Rhode Island  “Providence” redirects here. For other uses, see Providence (disambiguation). Providence is the capital and the most populous city of the U.S. , Aloha Partners is the largest owner of 700 MHz spectrum in the U.S. The Acquisition of the LIN markets will increase Aloha's number of 700MHz licenses to over 270 and expand Aloha's coverage to nearly 65% of the U.S. population and nearly 85% of the top 100 market population. Aloha has been testing using its 700MHz licenses for mobile TV in Las Vegas and wireless broadband in Phoenix. The mobile TV test in Las Vegas is demonstrating how DVB-H See mobile TV and DVB. technology can deliver up to 24 live cable TV channels to cellular phones. 700 MHz spectrum is considered the optimal frequency to use for mobile TV applications because of its superior in-building penetration and its ability to cover large areas. For more information contact: www.alohapartners.net. |
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