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LIN Transfer Gets OK: The Federal Communications...

June 29, 1989

LIN Transfer Gets OK: The Federal Communications Commission said it would allow LIN Broadcasting Corp. to transfer control of the licenses of seven TV stations to a new firm, LIN Television Corp. The commission said it would remain neutral on whether the transfer would affect the $6.5-billion hostile bid that McCaw Cellular Communications has made for LIN. LIN's lucrative cellular holdings include a Los Angeles franchise.

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