Accounting ImplicationsLIN will accrue for the Comcast / GE Transaction as of December 31, 2012 to reflect the financial settlement of the related guarantee obligation that existed at this balance sheet date. LIN will also account for the related income tax implications of this transaction, which will result in the recognition of a current federal and state income tax liability of approximately $164 million as of December 31, 2012. As detailed in the accompanying pro forma accounting analysis, this income tax liability is expected to be reversed upon the completion of the LLC Conversion, assuming LIN’s stock price at that time is less than or equal to approximately $10.75 per share.
LIN TV Corp. Executes First Of Two Transactions To Resolve NBC JV Overhangs
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