424B3 1 b51682lte424b3.htm LIN TELEVISION 424(B)(3) e424b3
 

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-107754

PROSPECTUS SUPPLEMENT NO. 7
(To Prospectus dated January 16, 2004)

     This prospectus supplement supplements the prospectus dated January 16, 2004 of LIN Television Corporation relating to the resale from time to time by selling securityholders of our 2.50% Exchangeable Senior Subordinated Debentures due 2033 and LIN TV Corp. shares of class A common stock issuable upon conversion of the debentures. This prospectus supplement should be read in conjunction with the prospectus, as supplemented, which is required to be delivered with this prospectus supplement.

     The securities offered hereby involve a high degree of risk. You should carefully consider the “Risk Factors” referenced on page 9 of the prospectus in determining whether to purchase the LIN Television Corporation 2.50% Exchangeable Senior Subordinated Debentures due 2033 or the LIN TV Corp. shares of class A common stock issuable upon conversion of the debentures.

     Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement. Any representation to the contrary is a criminal offense.

 

 

     The section of the prospectus entitled “Selling Securityholders” on pages 25–26 of the prospectus is amended and restated in its entirety to read as follows:

SELLING SECURITYHOLDERS

     LIN Television issued the debentures covered by this prospectus in private placements on May 12, 2003 and May 16, 2003. The debentures were resold by the initial purchasers to qualified institutional buyers under Rule 144A under the Securities Act. Selling securityholders, including their transferees, pledgees, donees or their successors, may offer and sell the debentures and the LIN TV class A common stock into which the debentures are convertible pursuant to this prospectus.

     The following table sets forth information with respect to the selling securityholders and the principal amount of debentures and LIN TV common stock into which the debentures are convertible beneficially owned by each selling securityholder that may be offered pursuant to this prospectus. The information is based on information provided by or on behalf of the following selling securityholders to us in a questionnaire and is as of the date specified by the security holders in those questionnaires.

                                 
    Principal   Shares of LIN TV            
    Amount of   Class A Common           Shares of LIN TV
    Debentures   Stock Beneficially   Debentures   Class A Common
    Beneficially   Owned Upon   Owned After   Stock Owned
    Owned That   Conversion of the   Completion of   After Completion of
Name of Securityholder
   May Be Sold
   Debentures (1)
   the Offering (2)
   the Offering(2)
UBS AG London Branch
     18,500,000       856,083       0       0  
DBAG London
     16,712,000       773,344       0       0  
Deutsche Bank Securities Inc.
     12,890,000       596,482       0       0  
Highbridge International LLC
     17,500,000       809,809       0       0  
Nomura Securities Intl Inc.
     10,000,000       462,748       0       0  
Clinton Riverside Convertible Portfolio Limited
     6,670,000       308,652       0       0  
National Bank of Canada c/o Putnam Lovell NBF Securities Inc.
     6,000,000       277,648       0       0  
Clinton Multistrategy Master Fund, Ltd.
     5,830,000       269,782       0       0  
Argent Classic Convertible Arbitrage (Bermuda) Fund Ltd.
     5,600,000       259,138       0       0  
Royal Bank of Canada
     5,000,000       231,374       0       0  
Onyx Fund Holdings, LDC
     4,500,000       208,236       0       0  
The Coast Fund, L.P.
     4,000,000       185,099       0       0  
KBC Financial Products [Cayman Islands] Ltd.
     3,000,000       138,824       0       0  
Argent Low Lev Convertible Arbitrage Fund Ltd.
     2,700,000       124,941       0       0  
Argent Classic Convertible Arbitrage Fund L.P.
     2,500,000       115,687       0       0  
AIG DKR SoundShore Opportunity Holding Fund Ltd.
     2,000,000       92,549       0       0  
Bear, Stearns & Co. Inc.
     2,000,000       92,549       0       0  
CSS, LLC
     2,000,000       92,549       0       0  
Laurel Ridge Capital, LP
     3,000,000       138,824       0       0  
MFS Total Return Fund A Series of Series Trust V
     2,000,000       92,549       0       0  
Nisswa Master Fund Ltd.
     2,000,000       92,549       0       0  
White River Securities L.L.C.
     2,000,000       92,549       0       0  
Zurich Institutional Benchmarks Master Fund Ltd.
     1,735,000       80,286       0       0  
CNH CA Master Account, L.P.
     1,000,000       46,274       0       0  

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    Principal   Shares of LIN TV            
    Amount of   Class A Common           Shares of LIN TV
    Debentures   Stock Beneficially   Debentures   Class A Common
    Beneficially   Owned Upon   Owned After   Stock Owned
    Owned That   Conversion of the   Completion of   After Completion of
Name of Securityholder
   May Be Sold
   Debentures (1)
   the Offering (2)
   the Offering(2)
Lyxor Master Fund Ref:
                                
Argent/LowLev CB c/o Argent
     800,000       137,019       0       0  
BP Amoco PLC Master Trust
     706,000       32,670       0       0  
Argent LowLev Convertible Arbitrage Fund LLC
     700,000       32,392       0       0  
Argent LowLev Convertible Arbitrage Fund II, LLC
     600,000       27,764       0       0  
Xavex Convertible Arbitrage 10 Fund
     600,000       27,764       0       0  
Gasner Investors Holdings Ltd.
     500,000       23,137       0       0  
Xavex Convertible Arbitrage 2 Fund
     500,000       23,137       0       0  
Meadow IAM Limited
     310,000       14,345       0       0  
Class C Trading Company, Ltd.
     300,000       13,882       0       0  
Custom Investments PCC, Ltd.
     300,000       13,882       0       0  
Hotel Union & Hotel Industry of Hawaii Pension Plan
     276,000       12,771       0       0  
Sphinx Convertible Arb Fund SPC
     253,000       11,707       0       0  
Credit Suisse First Boston Europe Limited
     200,000       9,254       0       0  
Zurich Institutional Benchmark Master Fund LTD
     100,000       4,627       0       0  
Viacom Inc. Pension Plan Master Trust
     24,000       1,110       0       0  
Jefferies and Company Inc.
     6,000       277       0       0  

(1)   Assumes conversion of all of the securityholders’ debentures at the maximum conversion rate of 46.2748 shares per debenture. However, the maximum conversion rate is subject to adjustment as described under “Description of Debentures — Exchange Rights.” As a result, the amount of common stock issuable upon conversion of the debentures may increase or decrease in the future.
 
(2)   We do not know when or in what amounts a selling securityholder may offer the debentures or shares for sale. The selling securityholders might not sell any or all of the debentures or shares offered by this prospectus. Because the selling securityholders may offer all or some of the debentures or shares pursuant to this offering, and because there are currently no agreements, arrangements or understandings with respect to the sale of any of the debentures or shares, we cannot estimate the number of the debentures or shares that will be held by the selling securityholders after completion of the offering. However, for purposes of this table, we have assumed that, after completion of the offering, none of the debentures or shares covered by this prospectus will be held by the selling securityholders.
 
(3)   Information about other selling securityholders will be set forth in prospectus supplements or amendments to this prospectus, if required.

     None of the selling securityholders has held any position or office with, or has otherwise had a material relationship with, us or any of our subsidiaries within the past three years, other than Bear, Stearns & Co., Inc. and Deutsche Bank Securities, Inc., which were initial purchasers of the debentures and our 6 1/2% Senior Subordinated Notes due 2013.

The date of this prospectus supplement is August 30, 2004.

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