This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LIN Media's Digital Media Ecosystem (Graphic: Business Wire)

Stocks in this article: LIN

LIN Media LLC (“LIN Media”; NYSE:LIN), a local multimedia company, announced that it has completed its acquisition of the stock of Federated Media Publishing, Inc. (“Federated Media”), the industry-leading digital content and conversational marketing company, for $22.4 million. The transaction will be treated as an asset acquisition for tax purposes and the purchase price is inclusive of $3.6 million of net working capital. On February 6, 2014 at 9:00 AM (ET), the Company will further discuss this acquisition during its regularly scheduled fourth quarter and full year 2013 earnings call.

“We are pleased to have closed on our third digital acquisition in the past twelve months and our largest to-date,” said Vincent L. Sadusky, President and Chief Executive Officer of LIN Media. “Federated Media complements our strategy of building a different kind of digital media business that drives scale, synergies and opportunities to further expand our national, regional and local sales channels.”

Federated Media’s premiere network of influential content marketing publishers and a client roster that includes prominent brands and agencies generated approximately $37 million of revenue during 2013. Federated Media has been the leader in conversational marketing for years and as a result of this acquisition, Federated Media’s independent publishers will be able to further monetize their content by leveraging LIN Media’s expertise, relationships and resources. Additionally, clients will benefit from deeper engagement, more robust native ad solutions and premium video and social platform offerings that have distinct competitive advantages from the other mechanistic or bulk media buying options available today.

“LIN Media is a true partner that helps agencies and brands effectively and efficiently reach their target audiences at scale by utilizing our portfolio of video, display, mobile, social and content platforms, as well as our comScore Top 15 Video and Top 25 Display market share,” said Robb Richter, LIN Media’s Senior Vice President Digital. “Federated Media’s talented employees are energized by our investment to further grow and innovate this strong and stable business. Our entire sales force is eager to roll out our expanded set of offerings.”

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs