Friday, May 18, 2007

UPDATE 1-LIN TV exploring sale of company, shares soar

(Reuters) - LIN TV, based in Providence, Rhode Island, said it had
retained JPMorgan Securities as an adviser but planned no
further comment unless the review resulted in a transaction.




LIN TV shares rose $2.25, or 13.5 percent, to $18.96 in
afternoon trading on the New York Stock Exchange. Earlier, the
stock reached $19.80, its highest level since October 2004.


Read more at Reuters.com Mergers News

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