Media General extends change of control offer

Media General, Inc. (NYSE:MEG) subsidiary LIN Television Corporation has extended its change of control offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2022 issued at a purchase price of 101% of the principal amount of the Notes plus accrued and unpaid interest, the company said.

The offer, which was scheduled to expire at 11:59 p.m. New York City Time on November 30, 2016, has been extended to 11:59 p.m. New York City Time on December 7, 2016.

LIN had received tenders from holders of USD29,426,000 in aggregate principal amount of the Notes, representing approximately 7.36% of the total outstanding principal amount of the Notes.

Media General operates or services 71 television stations in 48 markets.