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Restructuring - LIN Television
6 Months Ended
Jun. 30, 2012
Restructuring

Note 9 — Restructuring

 

During the six months ended June 30, 2012, we recorded a restructuring charge of $1.4 million, for severance and related costs at WWHO-TV and WUPW-TV, as a result of the divestitures of these stations as further described in Note 3 — “Discontinued Operations”.  During the three and six months ended June 30, 2012, we made cash payments of $1.3 million and $1.4 million, respectively, related to these restructuring actions.

 

During the year ended December 31, 2011, we recorded a restructuring charge of $0.7 million as a result of the consolidation of certain activities at our stations and our corporate headquarters.  As of December 31, 2011, we had a remaining accrual of $0.5 million related to these restructuring actions.  During the three and six months ended June 30, 2012, we made cash payments of $0.1 million and $0.3 million, respectively, related to these restructuring actions and expect to make cash payments of $0.2 million during the remainder of 2012.

 

The activities for these restructuring actions are as follows (in thousands):

 

 

 

Severance and
Related

 

Balance as of December 31, 2011

 

$

515

 

Charges

 

1,433

 

Payments

 

(1,723

)

Balance as of June 30, 2012

 

$

225

 

 

LIN Television Corporation
 
Restructuring

Note 9 — Restructuring

 

During the six months ended June 30, 2012, we recorded a restructuring charge of $1.4 million, for severance and related costs at WWHO-TV and WUPW-TV, as a result of the divestitures of these stations as further described in Note 3 — “Discontinued Operations”.  During the three and six months ended June 30, 2012, we made cash payments of $1.3 million and $1.4 million, respectively, related to these restructuring actions.

 

During the year ended December 31, 2011, we recorded a restructuring charge of $0.7 million as a result of the consolidation of certain activities at our stations and our corporate headquarters.  As of December 31, 2011, we had a remaining accrual of $0.5 million related to these restructuring actions.  During the three and six months ended June 30, 2012, we made cash payments of $0.1 million and $0.3 million, respectively, related to these restructuring actions and expect to make cash payments of $0.2 million during the remainder of 2012.

 

The activities for these restructuring actions are as follows (in thousands):

 

 

 

Severance and
Related

 

Balance as of December 31, 2011

 

$

515

 

Charges

 

1,433

 

Payments

 

(1,723

)

Balance as of June 30, 2012

 

$

225