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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
January 27, 2014
Date of Report
(Date of earliest event reported)
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LIN Media LLC
(Exact name of registrant as specified in its governing document)
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Delaware (State or other jurisdiction of incorporation or organization) | 001-36032 (Commission File Number) | 90-0935925 (I.R.S. Employer Identification No.) |
701 Brazos Street, Suite 800 Austin, Texas 78701 (Address of principal executive offices and zip code) |
(512) 380-4400
(Registrant’s telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. | Entry into a Material Definitive Agreement. |
As previously publicly disclosed, on January 27, 2014, LIN Digital Media LLC, a Delaware limited liability company (“LIN”) and an indirect wholly-owned subsidiary of LIN Media LLC, a Delaware limited liability company, entered into a Stock Purchase Agreement (the “Purchase Agreement”) with FMPL Holdings, Inc., a Delaware corporation (“Seller”) to purchase 100% of the outstanding capital stock of Federated Media Publishing, Inc., a Delaware corporation (“Federated Media”) for $22.4 million in cash, subject to a net working capital purchase price adjustment. Federated Media is a digital content and conversational marketing company with primary operations in San Francisco and New York City. The Purchase Agreement contains representations, warranties, covenants, indemnification provisions applicable for both LIN and Seller.
Item 2.01. Completion of Acquisition or Disposition of Assets.
Also as previously publicly disclosed, on February 4, 2014, LIN closed the acquisition of 100% of the outstanding capital stock of Federated Media for $22.4 million in cash, subject to a net working capital purchase price adjustment. The purchase price was financed with a combination of cash on hand and cash available under LIN Television Corporation’s revolving credit facility.
The disclosure under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.01 by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 21, 2014
LIN MEDIA LLC | ||
By: | /s/ Nicholas N. Mohamed | |
Name: | Nicholas N. Mohamed | |
Title: | Vice President Controller | |