User blog:Kruejac/LIN Media merging with Krueger Broadcasting

Just hours after Lady Luck Communications announced that they are selling their stations to Adelphia Communications, LIN Media has announced that they are selling their stations to Krueger Broadcasting as Krueger Broadcasting is looking to expand it's portfolio of TV stations. As part of the deal, Krueger Broadcasting will consist of 4 smaller companies. One for each network. NBC stations will form Outlet Company. CBS stations will form Westinghouse Broadcasting. Fox stations will form New World Media and ABC stations will form Allbritton Communications.