LIN TV Sells Spectrum Licenses to Aloha

LIN TV SELLS SPECTRUM LICENSES TO ALOHA
[SOURCE: Broadcasting&Cable, AUTHOR: Glen Dickson]
Station group LIN TV Corp. has reached a deal with mobile-TV proponent Aloha Partners, L.P., to sell 31 licenses in the lower 700 megahertz (MHz) band—specifically, UHF channels 54 and 59—for $32.5 million in cash. The deal, pending FCC approval, is expected to close in the fourth quarter. The sale to Aloha, which is the largest owner of 700 MHz spectrum and is currently testing its “Hiwire” mobile-TV service in Las Vegas, would bring LIN some $26.3 million more than the $6.2 million it originally paid for the licenses, which are in the lower 700 MHz “C” Block and are clustered in the Northeast and Upper Midwest markets, in addition to markets in South Central Texas.
http://www.broadcastingcable.com/article/CA6479255.html?rssid=193

* Spectrum Speculation Pays Off for LIN
http://www.tvnewsday.com/articles/2007/09/17/daily.8/