Oregon Public Broadcasting

The LIN Television company out of Rhode Island, announced Monday that it plans to buy KOIN-TV in Portland -- and 12 other network affiliates.

LIN already has a portfolio of 32 local stations. The plan is to add stations owned by New Vision Television -- for a total of $330 million.

The deal is scheduled to close at the end of the year.

The company hopes to increase the number of U.S. households it reaches from 7 percent to 10 percent.

A company press release did not indicate what might happen to staffing at the stations.

This story originally appeared on Oregon Public Broadcasting.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.