SC 13G 1 lintv_13g.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* LIN TV Corp. (Name of Issuer) Class A Common Stock, $0.01 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 532774106 (CUSIP Number) December 31, 2006 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) | | Rule 13d-1(c) | | Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 532774106 ---------- --------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Westchester Capital Management, Inc. 13-3036274 ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 3. SEC Use Only ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 4. Citizenship or Place of Organization New York ---------- --------------------------------------------------------------------- ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- --------- -------------------------------------------- Number of 6. Shared Voting Power 196,575 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- --------- -------------------------------------------- 8. Shared Dispositive Power 196,575 shares ------------------------- --------- -------------------------------------------- ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 196,575 shares of Class A Common Stock of the Issuer ("Shares") which consists of 196,575 Shares held by The Merger Fund, all of which Westchester Capital Management, Inc. may be deemed to beneficially own by virtue of its position as investment adviser to this entity. ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.7% ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA ----------- -------------------------------------------------------------------- 45879100.1 Page 11 of 11 45879100.1 Page 3 of 11 CUSIP No. 532774106 --------------------------------------- ---------- --------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). The Merger Fund 14-1698547 ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 3. SEC Use Only ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 4. Citizenship or Place of Organization Massachusetts ---------- --------------------------------------------------------------------- ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- --------- -------------------------------------------- Number of 6. Shared Voting Power 196,575 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- --------- -------------------------------------------- 8. Shared Dispositive Power 196,575 shares ------------------------- --------- -------------------------------------------- ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 196,575 shares ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.7% ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IV ----------- -------------------------------------------------------------------- CUSIP No. 532774106 --------------------------------------- ---------- --------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). The Merger Fund VL 004-3739793 ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 3. SEC Use Only ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware ---------- --------------------------------------------------------------------- ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- --------- -------------------------------------------- Number of 6. Shared Voting Power None Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- --------- -------------------------------------------- 8. Shared Dispositive Power None ------------------------- --------- -------------------------------------------- ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person None ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.0% ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IV ----------- -------------------------------------------------------------------- CUSIP No. 532774106 --------------------------------------- ---------- --------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Green & Smith Investment Management L.L.C. 13-3869675 ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 3. SEC Use Only ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware ---------- --------------------------------------------------------------------- ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- --------- -------------------------------------------- Number of 6. Shared Voting Power 46,075 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- --------- -------------------------------------------- 8. Shared Dispositive Power 46,075 shares ------------------------- --------- -------------------------------------------- ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 46,075 shares of Class A Common Stock of the Issuer ("Shares") which consists of (i) 28,760 Shares beneficially owned by GS Master Trust; (ii) 15,430 Shares beneficially owned by Institutional Benchmarks Series (Master Feeder) Limited; and (iii) 1,885 Shares beneficially owned by MSS Merger Arbitrage 2, all of which Green & Smith Investment Management L.L.C. may be deemed to beneficially own by virtue of its position as investment adviser of each of the above private entities. ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.2% ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA ----------- -------------------------------------------------------------------- CUSIP No. 532774106 --------------------------------------- ---------- --------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Frederick W. Green ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 3. SEC Use Only ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 4. Citizenship or Place of Organization United States ---------- --------------------------------------------------------------------- ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- --------- -------------------------------------------- Number of 6. Shared Voting Power 242,650 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- --------- -------------------------------------------- 8. Shared Dispositive Power 242,650 shares ------------------------- --------- -------------------------------------------- ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 242,650 Shares which consist of (i) 196,575 Shares beneficially owned by The Merger Fund; (ii) 28,760 Shares beneficially owned by GS Master Trust; (iii) 15,430 Shares beneficially owned by Institutional Benchmarks Series (Master Feeder) Limited; and (iv) 1,885 Shares beneficially owned by MSS Merger Arbitrage 2, all of which Frederick W. Green may be deemed to beneficially own by virtue of his position as President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund, or by virtue of his position as a member of Green & Smith Investment Management L.L.C., which is the investment adviser of each of the other private entities listed above. ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.9% ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN ----------- -------------------------------------------------------------------- CUSIP No. 532774106 --------------------------------------- ---------- --------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Bonnie L. Smith ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 3. SEC Use Only ---------- --------------------------------------------------------------------- ---------- --------------------------------------------------------------------- 4. Citizenship or Place of Organization United States ---------- --------------------------------------------------------------------- ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- --------- -------------------------------------------- Number of 6. Shared Voting Power 242,650 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- --------- -------------------------------------------- 8. Shared Dispositive Power 242,650 shares ------------------------- --------- -------------------------------------------- ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 242,650 Shares which consist of (i) 196,575 Shares beneficially owned by The Merger Fund; (ii) 28,760 Shares beneficially owned by GS Master Trust; (iii) 15,430 Shares beneficially owned by Institutional Benchmarks Series (Master Feeder) Limited; and (iv) 1,885 Shares beneficially owned by MSS Merger Arbitrage 2, all of which Bonnie L. Smith may be deemed to beneficially own by virtue of her position as Vice President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund, or by virtue of her position as a member of Green & Smith Investment Management L.L.C., which is the investment adviser of each of the other private entities listed above. ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.9% ----------- -------------------------------------------------------------------- ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN ----------- -------------------------------------------------------------------- Item 1. (a) Name of Issuer: LIN TV Corp. (b) Address of Issuer's Principal Executive Offices: Four Richmond Square, Suite 200 Providence, RI 02906 Item 2. (a) Name of Person Filing: (i) Westchester Capital Management, Inc. (ii) The Merger Fund (iii) The Merger Fund VL (iv) Green & Smith Investment Management L.L.C. (v) Frederick W. Green (vi) Bonnie L. Smith (b) Address of Principal Business Office or, if none, Residence: (i) 100 Summit Drive, Valhalla, NY 10595 (ii) 100 Summit Drive, Valhalla, NY 10595 (iii) 100 Summit Drive, Valhalla, NY 10595 (iv) 100 Summit Drive, Valhalla, NY 10595 (v) 100 Summit Drive, Valhalla, NY 10595 (vi) 100 Summit Drive, Valhalla, NY 10595 (c) Citizenship: (i) New York (ii) Massachusetts (iii) Delaware (iv) Delaware (v) United States (vi) United States (d) Title of Class of Securities: Class A Common Stock, $0.01 par value (e) CUSIP No.: 532774106 Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Westchester Capital Management, Inc. is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. (b) The Merger Fund is an investment company registered under Section 8 of the Investment Company Act of 1940, as amended. (c) The Merger Fund VL is an investment company registered under Section 8 of the Investment Company Act of 1940, as amended. (d) Green & Smith Investment Management L.L.C. was a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended, as of December 31, 2006. (e) Frederick W. Green is President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund and The Merger Fund VL, and is a member of Green & Smith Investment Management L.L.C. (f) Bonnie L. Smith is Vice President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund and The Merger Fund VL, and is a member of Green & Smith Investment Management L.L.C. Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned and (b) Percent of class: See Items 5 through 11 of the cover pages attached hereto. This Schedule 13G shall not be construed as an admission that the Reporting Persons, either for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for other purposes, are the beneficial owners of any securities covered by this statement. (c) See Items 5 through 8 of the cover pages attached hereto. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2007
WESTCHESTER CAPITAL MANAGEMENT, INC. By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Vice President THE MERGER FUND By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Vice President THE MERGER FUND VL By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Vice President GREEN & SMITH INVESTMENT MANAGEMENT L.L.C. By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Senior Vice President /s/ Frederick W. Green Frederick W. Green /s/ Bonnie L. Smith Bonnie L. Smith
Exhibit A AGREEMENT The undersigned, Westchester Capital Management, Inc., The Merger Fund, The Merger Fund VL, Green & Smith Investment Management L.L.C., Frederick W. Green and Bonnie L. Smith agree that the statement to which this exhibit is appended is filed on behalf of each of them. February 12, 2007
WESTCHESTER CAPITAL MANAGEMENT, INC. By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Vice President THE MERGER FUND By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Vice President THE MERGER FUND VL By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Vice President GREEN & SMITH INVESTMENT MANAGEMENT L.L.C. By: /s/ Bonnie L. Smith Name: Bonnie L. Smith Title: Senior Vice President /s/ Frederick W. Green Frederick W. Green /s/ Bonnie L. Smith Bonnie L. Smith