Lin Media (NYSE: TVL) has closed on its acquisition of 13 broadcast network affiliates from New Vision Television for $334.9 million.
The buyer will also assume $12 million in debt.
The company sold $290 million in 6.375 percent senior notes due 2021 to finance the acquisition.
Providence, R.I.-based LIN is a multimedia company that operates more than 50 television and niche websites. The company’s network affiliates deliver local news.
Partners Eric Greenberg, William Schwitter and Michael Cohen of Paul Hastings LLP represented LIN Media for the deal.