Sadusky had been LIN's chief financial officer, Vice President and treasurer since 2004, and had been CFO for Telemundo, working closely on its sale to GE/NBC.
Sadusky had been interim CEO since former chairman Gary R. Chapman announced his impending retirement in June 2006, and through the company's search for a permanent replacement.
LIN Broadcasting was engaged in radio, television, direct marketing, information and learning, music publishing, and record labels.
McCaw was acquired by AT&T in 1994, after which LIN Broadcasting's television operations were spun off as a public company traded on the NASDAQ stock market and 45%-owned by AT&T.
The new company, LIN Television Corporation, owned and/or operated 12 stations and its stock price increased at a compounded annual growth rate of 31% between 1994 and 1998.
[5] In March 1998, LIN TV was acquired by Hicks, Muse, Tate & Furst, a leading private investment firm based in Dallas, Texas.
The company exercised and closed on options to purchase WOTV in Battle Creek, Michigan, and WVBT in Norfolk, Virginia, both stations that it had already managed, in January 2002.
[8] In February 2005, LIN TV announced purchase of two UPN stations from Viacom: WWHO in Columbus, Ohio, and WNDY-TV in Indianapolis.
[9] In late August 2005, LIN TV purchased several stations from Emmis Communications: WALA-TV and WBPG (now WFNA) in Mobile, Alabama, WTHI-TV in Terre Haute, Indiana, KRQE in Albuquerque, New Mexico, and WLUK-TV in Green Bay, Wisconsin.
On October 3, 2008, LIN TV's stations were dropped from Time Warner Cable, due to a dispute over "retransmission fees".
RM Media connected targeted audiences with advertisers and publishers based on demographic, psychographic and consumer behaviors to enhance branding and maximize client return on investment.
RM Media developed extensive proprietary technology including a consumer- and advertiser-friendly video player, a top 35 comScore display ad network, a highly effective Search Engine Optimization and Search Engine Marketing process, and acquired and integrated two companies that specialize in web development and lead generation, launched two top 100 comScore proprietary websites and services several Fortune 500 clients.
[16] This was followed on September 2 by the announcement that LIN would be acquiring two of the ACME stations, WBDT in Dayton, Ohio, and WIWB in Green Bay, Wisconsin.
[18] In 2011, LIN sold WWHO to Manhan Media, who entered into an SSA with Sinclair Broadcast Group, owners of WSYX and operators of WTTE; the deal was finalized in February 2012.
The three PBC-owned stations (KTKA-TV in Topeka, Kansas,[20] WTGS in Savannah, Georgia,[21] and WYTV in Youngstown, Ohio[22]) were sold to Vaughan Media, but were operated by LIN TV under shared service agreements.
In order to comply with FCC ownership rules as well as planned changes to rules regarding same-market television stations which would prohibit future joint sales agreements, Media General and LIN divested and swapped stations that both companies own in Birmingham, Green Bay, Mobile, Providence and Savannah.
[28][29][30] The companies swapped WTGS, WJAR, WLUK-TV and WCWF to Sinclair Broadcast Group in exchange for KXRM-TV, KXTU-LD, and WTTA.