Televicentro de Puerto Rico to explore sale assets.

LIN TV Corp. announced that it is exploring a sale of its television broadcasting assets in Puerto Rico and the related cable network in the United States.

Gary R. Chapman, LIN TV’s Chairman, President and CEO, said “Our Puerto Rico-related businesses have been great growth engines for LIN, but as we look to the future we have decided to focus on our core business: TV stations and digital media in the continental United States. A sale of the Puerto Rico assets would allow us to utilize some of our federal net operating loss carryforwards and strengthen our balance sheet. Our Puerto Rico management team, led by General Manager and President Joe Ramos, is the best in the business and any transaction would take into account the interests of our Puerto Rico employees.”

There can be no assurance that LIN will enter into a transaction for the sale of these assets or, if undertaken, the terms or timing of any such transaction.

LIN TV’s assets in Puerto Rico include WAPA-TV, a full-power, independent station branded as Televicentro de Puerto Rico that broadcasts locally produced news and entertainment programming; WJPX-TV, a full-power, independent station programmed jointly with MTV as MTV Puerto Rico; and WAPA America, a U.S. Spanish-language cable channel launched in 2004.

LIN TV’s financial advisor with respect to the possible sale of these television broadcasting assets in Puerto Rico is Goldman, Sachs & Co.