THE VIRGINIAN-PILOT 

                         THE VIRGINIAN-PILOT
                 Copyright (c) 1994, Landmark Communications, Inc.

DATE: THURSDAY, June 9, 1994                    TAG: 9406090547 
SECTION: BUSINESS                     PAGE: I1    EDITION: FINAL  
SOURCE: Short 
DATELINE: 940609                                 LENGTH:

LIN BROADCASTING TO SPIN OFF MOST TV HOLDINGS,

{LEAD} Lin Broadcasting to spin off most TV holdings, including WAVY: Lin Broadcasting Corp. plans to spin off seven network-affiliated TV stations to shareholders, separating the company's broadcasting business from its much larger cellular phone operations. The spinoff would create a separate publicly traded Lin Television Corp. that would own three NBC affiliates, two stations affiliated with ABC and two with CBS in major markets including Dallas and Indianapolis. Lin Television will get six stations Lin Broadcasting already owns plus one it has just agreed to acquire - WTNH-TV, the ABC affiliate in the Hartford-New Haven, Conn., market. The spinoff is expected to be completed by the end of the year, and McCaw will end up with 46 percent of Lin Television. Besides WTNH, Lin Television would own the NBC affiliates KXAS in Fort Worth-Dallas, WAVY in Hampton Roads, and KXAN in Austin, Texas; the CBS affiliates WISH in Indianapolis and WANE in Fort Wayne, Ind., and the ABC affiliate WAND in central Illinois. Lin Broadcasting, based in Kirkland, Wash., is the largest provider of cellular service in the United States.

by CNB