[January 28, 2014]

LIN Media Announces Agreement to Acquire Federated Media

LIN Media LLC ("LIN Media")(NYSE:LIN), a local multimedia company, announced that its subsidiary, LIN Digital Media LLC, has entered into a definitive agreement to acquire Federated Media Publishing, Inc. ("Federated Media"). Federated Media is an industry-leading digital content and conversational marketing company that leverages the deep relationships and content from its exclusive Publishing Network to deliver contextually relevant advertising opportunities, and conversational and engagement tools that effectively reach agencies' and brands' targeted audiences across digital and social media platforms.

"The acquisition of Federated Media brings an additional layer of dynamic, proven and integrated solutions to our ever expanding platforms," said Vincent L. Sadusky, President and Chief Executive Officer of LIN Media. "Superior content is at the epicenter of both our companies, and this acquisition will extend our core competencies, drive important synergies and further diversify our revenue streams."

Federated Media pioneered "conversational marketing" around the concept that high-quality independent sites and services attract influential audiences who together create meaningful dialogue to enhance brand loyalty and drive increased sales. Founded in 2005, with offices in New York, NY, San Francisco, CA (News - Alert), and Chicago, IL, Federated Media is a primary partner for agencies and brands looking to build relationships with high influence bloggers that produce original content on a daily basis for a wide variety of vertical categories, including parenting, lifestyle, food, fashion, business and technology.

"Extending a brand's footprint with consumers across all screens has been the core strategy, strength and growth catalyst for LIN Media since day one," said Robb Richter, LIN Media's Senior Vice President Digital. "Ading Federated Media to our portfolio, inclusive of our ComScore Top 15 Video and Display rankings, provides new opportunities for agencies and brands to reach their chosen demographic with the right ad, to the right audience, at the right time."

Federated Media's core demographics, content verticals and reach of over 33 million unique visitors per month will provide LIN Media's clients deeper engagement, more robust native ad solutions and significantly extend its premium video and social platform offerings. In a powerful combination with the leading technologies across LIN Media's portfolio of video, display, mobile and social platforms, including its recently launched Video Insights Platform ("VIP"), agencies and brands can efficiently and effectively reach their targeted audiences at scale, leveraging the latest in conversational marketing, digital solutions and reporting across all platforms.

"We are excited that Federated Media will be a part of LIN Media's impressive digital media portfolio," said John Battelle, Founder, Chairman and CEO of Federated Media. "Through this acquisition, the Federated Media brand will continue to be a leader in content marketing, with greater access to resources and capital to better help major brands engage in authentic, compelling conversations."

Prior to closing, Federated Media will transfer the assets obtained during its 2011 acquisition of Lijit Networks, Inc. to a newly formed company, sovrn Holdings, Inc.

About LIN Media

LIN Media is a local multimedia company that operates or services 43 television stations and seven digital channels in 23 U.S. markets, along with a diverse portfolio of websites, apps and mobile products that make it more convenient to access its unique and relevant content on multiple screens.

LIN Media's highly-rated television stations deliver important local news and community stories along with top-rated sports and entertainment programming to 10.5% of U.S. television homes. The Company's digital media operations focus on emerging media and interactive technologies that deliver performance-driven digital marketing solutions to some of the nation's most respected agencies and brands. LIN Media is traded on the NYSE under the symbol "LIN".

Forward-Looking Statements

This press release includes statements that constitute "forward-looking statements," including statements regarding our future plans and operations. Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include, but are not limited to, our ability to successfully expand our digital operations and other risks detailed in our periodic reports filed with the Securities and Exchange Commission. Reports may be accessed online at www.sec.gov or www.linmedia.com. By making these forward-looking statements, we undertake no obligation to update these statements for revisions or changes after the date of this press release.

[ Back To TMCnet.com's Homepage ]