-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QZ/0VQAjME1XAq+ltFaWHvLJ11Pn2K93gaaGsNT0en5ilmMGnGXqNq0HmzV2i78a Wq+g9Wj4A8p5GjwKiWCm6g== 0000950135-04-000617.txt : 20040210 0000950135-04-000617.hdr.sgml : 20040210 20040210172105 ACCESSION NUMBER: 0000950135-04-000617 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIN TV CORP CENTRAL INDEX KEY: 0001166789 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 050501252 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-107754-29 FILM NUMBER: 04582954 MAIL ADDRESS: STREET 1: 4 RICHMOND SQ STREET 2: SUITE 400 CITY: PROVIDENCE STATE: RI ZIP: 02906 424B3 1 b49440lte424b3.htm LIN TV CORP PROSPECTUS SUPPLEMENT Lin TV Corp Prospectus Supplement
 

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-107754-29

PROSPECTUS SUPPLEMENT NO. 1
(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 are amended and restated in their 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
    17,212,000       796,481       0       0  
Deutsche Bank Securities Inc.
    12,890,000       596,482       0       0  
Highbridge International LLC
    10,000,000       462,748       0       0  
Nomura Securities Intl Inc.
    10,000,000       462,748       0       0  
Clinton Riverside Convertible Portfolio Limited
    6,170,000       285,515       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 Fund (Bermuda) Ltd
    5,000,000       231,374       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  
Laurel Ridge Capital, LP
    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  
BP Amoco PLC Master Trust
    706,000       32,670       0       0  
Argent LowLev Convertible Arbitrage Fund LLC
    700,000       32,392       0       0  

S-2


 

                                 
    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)
 
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  
Meadow IAM Limited
    310,000       14,345       0       0  
Xavex Convertible Arbitrage 2 Fund
    300,000       13,882       0       0  
Class C Trading Company, 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  
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 February 10, 2004.


S-3 -----END PRIVACY-ENHANCED MESSAGE-----