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| Commission file number: 001-31311 | Commission file number: 000-25206 |
|-----------------------------------|-----------------------------------|
|                              |                              |
|                              | LIN Television                    |
| LIN TV Corp.                      | Corporation                       |
| (Exact name of registrant as      | (Exact name of registrant as      |
| specified in its charter)         | specified in its charter)         |
|                              |                              |
| Delaware                          | Delaware                          |
| (State or other jurisdiction of   | (State or other jurisdiction of   |
| incorporation or organization)    | incorporation or organization)    |
|                              |                              |
| 05-0501252                        | 13-3581627                        |
| (I.R.S. Employer                  | (I.R.S. Employer                  |
| Identification No.)               | Identification No.)               |

| Large accelerated filer £ | Accelerated filer R                           | Non-accelerated  filer £ | Smaller reporting company £ |
|--------------------------------|-----------------------------------------------|-----------------------------------------|----------------------------------|
|                           | (Do not check if a smaller reporting company) |

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Table of Contents

Table of Contents

|                                                                                                                                                                                       Part I. Financial Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     |
| Item 1. Unaudited Consolidated Financial Statements of LIN TV Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 3        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     |
| Consolidated Balance Sheets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  3  |
| Consolidated Statements of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 4        |
| Consolidated Statements of Stockholders’ Deficit and Comprehensive Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  5  |
| Consolidated Statements of Cash Flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 7        |
| Notes to Unaudited Consolidated Financial Statements (See separate index for financial statements of LIN Television Corporation)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  8  |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  19 |
| Item 3. Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  25 |
| Item 4. Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  26 |
|                                                                                                                                                                                         Part II. Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     |
| Item 1. Legal Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  27 |
| Item 1A. Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  27 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  27 |
| Item 3. Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  27 |
| Item 4. Reserved                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 27       |
| Item 5. Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  27 |
| Item 6. Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  28 |
| Signature Page                                                                                                                                                                                                                                                                                                                                                     |  29 |

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Table of Contents

| Part I. Financial Information                                                                                                                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Item 1. Unaudited Consolidated Financial Statements of LIN TV Corp.                                                                                                                                                                   |
| LIN TV Corp.                                                                                                                                                                                                                                    |   |
| Consolidated Balance Sheets                                                                                                                                                                                                                     |   |
| (unaudited)                                                                                                                                                                                                                                     |   |
|                                                                                                                                                                                                                                            |   | March 31, |   | December 31, |   |
|                                                                                                                                                                                                                                            |   | 2010 |   | 2009 |   |
|                                                                                                                                                                                                                                            |   | (in thousands, except share data) |   |
| ASSETS                                                                                                                                                                                                                                          |   |   |   |   |   |   |
| Current assets:                                                                                                                                                                                                                                 |   |   |   |   |   |   |
|   Cash and cash equivalents                                                                                                                                                                                                                |   | $ | 9,674 |   |   | $ | 11,105 |   |
|   Restricted cash                                                                                                                                                                                                                          |   |   | 2,000 |   |   |   | 2,000 |   |
|   Accounts receivable, less allowance for doubtful accounts (2010 - $2,017; 2009 - $2,272)                                                                                                                                                 |   |   | 71,229 |   |   |   | 73,948 |   |
|   Program rights                                                                                                                                                                                                                           |   |   | 1,825 |   |   |   | 2,126 |   |
|   Other current assets                                                                                                                                                                                                                     |   |   | 6,168 |   |   |   | 6,402 |   |
|      Total current assets                                                                                                                                                                                                   |   |   | 90,896 |   |   |   | 95,581 |   |
| Property and equipment, net                                                                                                                                                                                                                     |   |   | 162,026 |   |   |   | 165,061 |   |
| Deferred financing costs                                                                                                                                                                                                                        |   |   | 7,834 |   |   |   | 8,389 |   |
| Program rights                                                                                                                                                                                                                                  |   |   | 1,089 |   |   |   | 1,400 |   |
| Goodwill                                                                                                                                                                                                                                        |   |   | 117,259 |   |   |   | 117,259 |   |
| Broadcast licenses and other intangible assets, net                                                                                                                                                                                             |   |   | 398,468 |   |   |   | 398,877 |   |
| Other assets                                                                                                                                                                                                                                    |   |   | 3,069 |   |   |   | 3,936 |   |
|     Total assets                                                                                                                                                                                                                 |   | $ | 780,641 |   |   | $ | 790,503 |   |
|                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Current liabilities:                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|   Current portion of long-term debt                                                                                                                                                                                                        |   | $ | 6,922 |   |   | $ | 16,372 |   |
|   Accounts payable                                                                                                                                                                                                                         |   |   | 6,749 |   |   |   | 6,556 |   |
|   Accrued expenses                                                                                                                                                                                                                         |   |   | 44,998 |   |   |   | 41,916 |   |
|   Program obligations                                                                                                                                                                                                                      |   |   | 9,351 |   |   |   | 10,319 |   |
|     Total current liabilities                                                                                                                                                                                                    |   |   | 68,020 |   |   |   | 75,163 |   |
| Long-term debt, excluding current portion                                                                                                                                                                                                       |   |   | 660,386 |   |   |   | 666,582 |   |
| Deferred income taxes, net                                                                                                                                                                                                                      |   |   | 163,872 |   |   |   | 162,025 |   |
| Program obligations                                                                                                                                                                                                                             |   |   | 1,699 |   |   |   | 2,092 |   |
| Other liabilities                                                                                                                                                                                                                               |   |   | 50,868 |   |   |   | 53,795 |   |
|     Total liabilities                                                                                                                                                                                                            |   |   | 944,845 |   |   |   | 959,657 |   |
|                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Commitments and Contingencies (Note 11)                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Stockholders' deficit:                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Class A common stock, $0.01 par value, 100,000,000 shares authorized,                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|   Issued: 30,279,825 and 30,270,167 shares at March 31, 2010 and December 31, 2009, respectively                                                                                                                                           |   |   |   |   |   |   |   |   |
|   Outstanding: 29,407,007 and 29,397,349 shares at March 31, 2010 and December 31, 2009, respectively                                                                                                                                      |   |   | 294 |   |   |   | 294 |   |
| Class B common stock, $0.01 par value, 50,000,000 shares authorized, 23,502,059 shares at March 31, 2010 and December 31, 2009, issued and outstanding; convertible into an equal number of shares of Class A or Class C common stock |   |   | 235 |   |   |   | 235 |   |
| Class C common stock, $0.01 par value, 50,000,000 shares authorized, 2 shares at March 31, 2010 and December 31, 2009, issued and outstanding; convertible into an equal number of shares of Class A common stock                               |   |   | - |   |   |   | - |   |
| Treasury stock, 872,818 shares of Class A common stock at March 31, 2010 and December 31, 2009, at cost                                                                                                                                         |   |   | (7,869 | ) |   |   | (7,869 | ) |
| Additional paid-in capital                                                                                                                                                                                                                      |   |   | 1,105,312 |   |   |   | 1,104,161 |   |
| Accumulated deficit                                                                                                                                                                                                                             |   |   | (1,234,557 | ) |   |   | (1,238,058 | ) |
| Accumulated other comprehensive loss                                                                                                                                                                                                            |   |   | (27,619 | ) |   |   | (27,917 | ) |
|   Total stockholders' deficit                                                                                                                                                                                                              |   |   | (164,204 | ) |   |   | (169,154 | ) |
|     Total liabilities and stockholders' deficit                                                                                                                                                                                  |   | $ | 780,641 |   |   | $ | 790,503 |   |
|                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the unaudited consolidated financial statements.                                                                                                                                                 |   |

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Table of Contents

| LIN TV Corp.                                                                                                         |   |
|----------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Operations                                                                                |   |
| (unaudited)                                                                                                          |   |
|                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                 |   | Three months ended March 31, |   |
|                                                                                                                 |   | 2010 |   |   | 2009 |   |
|                                                                                                                 |   | (in thousands, except per share data) |   |
|                                                                                                                 |   |   |   |   |   |   |
| Net revenues                                                                                                         |   | $ | 91,845 |   |   | $ | 74,475 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Operating costs and expenses:                                                                                        |   |   |   |   |   |   |   |   |
|      Direct operating                                                                       |   |   | 29,305 |   |   |   | 26,915 |   |
|      Selling, general and administrative                                                    |   |   | 25,424 |   |   |   | 25,616 |   |
|      Amortization of program rights                                                         |   |   | 6,206 |   |   |   | 6,332 |   |
|      Corporate                                                                              |   |   | 5,184 |   |   |   | 4,418 |   |
|      Depreciation                                                                           |   |   | 7,100 |   |   |   | 8,126 |   |
|      Amortization of intangible assets                                                      |   |   | 409 |   |   |   | 20 |   |
|      Restructuring charge                                                                   |   |   | 2,118 |   |   |   | - |   |
|      Gain from asset dispositions                                                           |   |   | (181 | ) |   |   | (1,709 | ) |
| Operating income                                                                                                     |   |   | 16,280 |   |   |   | 4,757 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Other expense (income):                                                                                              |   |   |   |   |   |   |   |   |
|      Interest expense, net                                                                  |   |   | 11,715 |   |   |   | 10,922 |   |
|      Gain on extinguishment of debt                                                         |   |   | - |   |   |   | (50,149 | ) |
|      Other, net                                                                             |   |   | (701 | ) |   |   | 489 |   |
| Total other expense (income), net                                                                                    |   |   | 11,014 |   |   |   | (38,738 | ) |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Income from continuing operations before provision for income taxes                                                  |   |   | 5,266 |   |   |   | 43,495 |   |
| Provision for income taxes                                                                                           |   |   | 1,765 |   |   |   | 18,489 |   |
| Income from continuing operations                                                                                    |   |   | 3,501 |   |   |   | 25,006 |   |
| Discontinued operations:                                                                                             |   |   |   |   |   |   |   |   |
| Loss from discontinued operations net of benefit from income taxes of $659 for the three months ended March 31, 2009 |   |   | - |   |   |   | (284 | ) |
| Net income                                                                                                           |   | $ | 3,501 |   |   | $ | 24,722 |   |
| Basic income per common share:                                                                                       |   |   |   |   |   |   |   |   |
| Income from continuing operations                                                                                    |   | $ | 0.07 |   |   | $ | 0.49 |   |
| Loss from discontinued operations, net of tax                                                                        |   |   | - |   |   |   | (0.01 | ) |
| Net income                                                                                                           |   | $ | 0.07 |   |   | $ | 0.48 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Weighted - average number of common shares outstanding used in calculating basic income per common share             |   |   |                     52,827 |   |   |   |                          51,114 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Diluted income per common share:                                                                                     |   |   |   |   |   |   |   |   |
| Income from continuing operations                                                                                    |   | $ | 0.06 |   |   | $ | 0.49 |   |
| Loss from discontinued operations, net of tax                                                                        |   |   | - |   |   |   | (0.01 | ) |
| Net income                                                                                                           |   | $ | 0.06 |   |   | $ | 0.48 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Weighted - average number of common shares outstanding used in calculating diluted income per common share           |   |   |                           54,475 |   |   |   |                      51,122 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the unaudited consolidated financial statements.                      |   |

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Table of Contents

| LIN TV Corp.                                                                                    |
|-------------------------------------------------------------------------------------------------|
| Consolidated Statements of Stockholders' Deficit and Comprehensive Income                       |
| (unaudited, in thousands)                                                                       |
|                                                                                            |
|                                                                                            |   |   | Common Stock |  Treasury Stock (at cost) |   |   | Additional Paid-In Capital |   | Accumulated Deficit |   | Accumulated Other Comprehensive Loss |   |   | Total Stockholders' Deficit |   | Comprehensive Income |
|                                                                                            |   |   | Class A | Class B | Class C |   |   |   |   |   |
|                                                                                            |   | Total Deficit | Amount | Amount | Amount |   |   |   |   |   |
|  Balance at December 31, 2009                                                              | $ | (169,154 | ) | $ | 294 | $ | 235 | $ | - | $ | (7,869 | ) |   | $ | 1,104,161 |   |   | $ | (1,238,058 | ) |   | $ | (27,917 | ) |   | $ | (169,154 | ) |   |
|  Amortization of pension net loss, net of tax of $38                                       |   | 58 |   |   | - |   | - |   | - |   | - |   |   |   | - |   |   |   |   |   |   |   | 58 |   |   |   | 58 |   | $ | 58 |
|  Unrealized gain on cash flow hedge, net of tax of $156                                    |   | 240 |   |   | - |   | - |   | - |   | - |   |   |   | - |   |   |   |   |   |   |   | 240 |   |   |   | 240 |   |   | 240 |
|  Stock-based compensation                                                                  |   | 1,151 |   |   | - |   | - |   | - |   | - |   |   |   | 1,151 |   |   |   |   |   |   |   |   |   |   |   | 1,151 |   |   |   |
|  Net income                                                                                |   | 3,501 |   |   | - |   | - |   | - |   | - |   |   |   | - |   |   |   | 3,501 |   |   |   |   |   |   |   | 3,501 |   |   | 3,501 |
|  Comprehensive income - March 31, 2010                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | $ | 3,799 |
|  Balance at March 31, 2010                                                                 | $ | (164,204 | )  | $ | 294 | $ | 235 | $ | - | $ | (7,869 | ) |   | $ | 1,105,312 |   |   | $ | (1,234,557 | ) |   | $ | (27,619 | ) |   | $ | (164,204 | ) |   |   |
|                                                                                            |
| The accompanying notes are an integral part of the unaudited consolidated financial statements. |

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Table of Contents

| LIN TV Corp.                                                                                    |
|-------------------------------------------------------------------------------------------------|
| Consolidated Statements of Stockholders' Deficit and Comprehensive Income                       |
| (unaudited, in thousands)                                                                       |
|                                                                                            |
|                                                                                            |   |   | Common Stock |  Treasury Stock (at cost) |   |   | Additional Paid-In Capital |   | Accumulated Deficit |   | Accumulated Other Comprehensive Loss |   |   | Total Stockholders' Deficit |   |   Noncontrolling Interest |   | Comprehensive Income |
|                                                                                            |   |   | Class A | Class B | Class C |   |   |   |   |
|                                                                                            |   | Total Deficit | Amount | Amount | Amount |   |   |   |   |
|  Balance at December 31, 2008                                                              | $ | (182,250 | ) | $ | 294 | $ | 235 | $ | - | $ | (18,005 | ) |   | $ | 1,101,919 |   |   | $ | (1,239,090 | ) |   | $ | (34,634 | ) |   | $ | (189,281 | )  |          $                   7,031 |   |   |
| Amortization of prior service cost, net of tax of 3                                             |   |      4 |   |   |  - |   |  - |   |  - |   |  - |   |   |   |  - |   |   |   |  - |   |   |   |  4 |   |   |   |  4 |   |  - |   |  $ |  4 |
|  Amortization of pension net loss, net of tax of $52                                       |   | 78 |   |   | - |   | - |   | - |   | - |   |   |   | - |   |   |   |   |   |   |   | 78 |   |   |   | 78 |   |  - |   |   | 78 |
|  Unrealized loss on cash flow hedge, net of tax of $293                               |   | 441 |   |   | - |   | - |   | - |   | - |   |   |   | - |   |   |   |   |   |   |   | 441 |   |   |   | 441 |   |  - |   |   | 441 |
|  Stock-based compensation                                                                  |   | 589 |   |   | - |   | - |   | - |   | - |   |   |   | 589 |   |   |   |   |   |   |   |   |   |   |   | 589 |   |  - |          |   |   |
|  Net income (loss)                                                                         |   | 21,191 |   |   | - |   | - |   | - |   | - |   |   |   | - |   |   |   | 24,722 |   |   |   |   |   |   |   | 24,722 |   |  (3,531 | )         |   | 24,722 |
|  Comprehensive income - March 31, 2009                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | $ | 25,245 |
|  Balance at March 31, 2009                                                                 | $ | (159,947 | )  | $ | 294 | $ | 235 | $ | - | $ | (18,005 | ) |   | $ | 1,102,508 |   |   | $ | (1,214,368 | ) |   | $ | (34,111 | ) |   | $ | (163,447 | )  | $                    3,500 |   |   |   |
|                                                                                            |
| The accompanying notes are an integral part of the unaudited consolidated financial statements. |

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Table of Contents

| LIN TV Corp.                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Cash Flows                                                                                                                                                                                                                                                                                                                                                                         |   |
| (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | Three Months Ended March 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | (in thousands) |   |
| OPERATING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |
| Net income                                                                                                                                                                                                                                                                                                                                                                                                    |   | $ | 3,501 |   |   | $ | 24,722 |   |
| Loss from discontinued operations                                                                                                                                                                                                                                                                                                                                                                             |   |   | - |   |   |   | 284 |   |
| Adjustment to reconcile net income to net cash provided by operating activities:                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
|   Depreciation                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 7,100 |   |   |   | 8,126 |   |
|   Amortization of intangible assets                                                                                                                                                                                                                                                                                                                                                                      |   |   | 409 |   |   |   | 20 |   |
|   Amortization of financing costs and note discounts                                                                                                                                                                                                                                                                                                                                                     |   |   | 1,328 |   |   |   | 977 |   |
|   Amortization of program rights                                                                                                                                                                                                                                                                                                                                                                         |   |   | 6,206 |   |   |   | 6,332 |   |
|   Program payments                                                                                                                                                                                                                                                                                                                                                                                       |   |   | (7,071 | )  |   |   | (4,582 | ) |
|   Gain on extinguishment of debt                                                                                                                                                                                                                                                                                                                                                                         |   |   | - |   |   |   | (50,149 | ) |
|   Deferred income taxes, net                                                                                                                                                                                                                                                                                                                                                                             |   |   | 1,847 |   |   |   | 18,758 |   |
|   Stock-based compensation                                                                                                                                                                                                                                                                                                                                                                               |   |   | 1,151 |   |   |   | 589 |   |
|   Gain from asset dispositions                                                                                                                                                                                                                                                                                                                                                                           |   |   | (181 |   |   |   | (1,709 | ) |
|   Other, net                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (320 | )  |   |   | 2,511 |   |
| Changes in operating assets and liabilities, net of acquisitions and disposals:                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|   Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 2,719 |   |   |   | 9,693 |   |
|   Other assets                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 1,100 |   |   |   | 1,977 |   |
|   Accounts payable                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 193 |   |   |   | (3,920 | ) |
|   Accrued interest expense                                                                                                                                                                                                                                                                                                                                                                               |   |   | 6,851 |   |   |   | 5,751 |   |
|   Other accrued expenses                                                                                                                                                                                                                                                                                                                                                                            |   |   | (3,219 | ) |   |   | (15,802 | ) |
| Net cash provided by operating activities, continuing operations                                                                                                                                                                                                                                                                                                                                              |   |   | 21,614 |   |   |   | 3,578 |   |
| Net cash used in operating activities, discontinued operations                                                                                                                                                                                                                                                                                                                                                |   |   | - |   |   |   | (101 | ) |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                     |   |   | 21,614 |   |   |   | 3,477 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|    Capital expenditures                                                            |   |   | (4,045 | )  |   |   | (1,852 | ) |
|    Proceeds from the sale of assets                                                                                                                                                                                                                                                                                                                                                            |   |   | 180 |   |   |   |   |   |
|    Shortfall loan to joint venture with NBC Universal (Note 3)                                                                                                               |   |   | (3,121 | ) |   |   | - |   |
| Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                         |   |   | (6,986 | ) |   |   | (1,852 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|    Proceeds from borrowings on long-term debt                                                                                                                                                                                                                                                                                                                                                  |   |   | 4,000 |   |   |   | 66,000 |   |
|    Principal payments on long-term debt                                                                                                                                                                                                                                                                                                                                                        |   |   | (20,059 |   |   |   | (72,330 | ) |
| Net cash used in financing activities                                                                                                                                                                                                                                                                                                                                                                         |   |   | (16,059 | ) |   |   | (6,330 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net decrease in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                     |   |   | (1,431 | ) |   |   | (4,705 | ) |
| Cash and cash equivalents at the beginning of the period                                                                                                                                                                                                                                                                                                                                                      |   |   | 11,105 |   |   |   | 20,106 |   |
| Cash and cash equivalents at the end of the period                                                                                                                                                                                                                                                                                                                                                            |   | $ | 9,674 |   |   | $ | 15,401 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the unaudited consolidated financial statements.                                                                                                                                                                                                                                                                                                               |   |

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Notes to Unaudited Consolidated Financial Statements

----

|                                                               |   | Three Months Ended March 31, |          |
|--------------------------------------------------------------------|--------|------------------------------|---------------|
|                                                               |   | 2010                         |          |   | 2009 |   |
| Numerator for income per common share calculation:                 |   |                         |          |   |   |   |
|                                                               |   |                         |          |   |   |   |
| Income available to common shareholders from continuing operations |   | $                            |   3,501  |   |   | $ | 25,006 |   |
| Loss available to common shareholders from discontinued operations |   |                         | -             |   |   |   | (284) |   |
| Net income available to common shareholders                        |   | $                            |   3,501  |   |   | $ | 24,722 |   |
|                                                               |   |                         |          |   |   |   |   |   |
| Denominator for income per common share calculation:               |   |                         |          |   |   |   |   |   |
|                                                               |   |                         |          |   |   |   |   |   |
| Weighted-average common shares, basic                              |   |                         | 52,827        |   |   |   | 51,114 |   |
| Effect of dilutive securities:                                     |   |                         |          |   |   |   |   |   |
| Stock options                                                      |   |                         |   1,445  |   |   |   | 8 |   |
| Restricted stock                                                   |   |                         |   203    |   |   |   | - |   |
| Weighted-average common shares, diluted                            |   |                         |   54,475 |   |   |   | 51,122 |   |

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|           |   |                         |   |
|----------------|--------|------------------------------|--------|
|           |   | Three Months Ended March 31, |   |
|           |   | 2010                         |   |   | 2009 |   |
|           |   |                         |   |   |   |   |
| Net revenues   |   | $                            | -      |   |   | $ | 632 |   |
| Operating loss |   |                         | -      |   |   |   | (1,998 | ) |
| Net loss       |   |                         | -      |   |   |   | (284 | ) |

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|                                                     |   |                         |           |
|----------------------------------------------------------|--------|------------------------------|----------------|
|                                                     |   | Three Months Ended March 31, |           |
|                                                     |   | 2010                         |           |   | 2009 |   |
|                                                     |   |                         |           |   |   |   |
| Cash distributions to SVH from SVO                       |   | $                            | 958            |   |   | $ | 16,252 |   |
|                                                     |   |                         |           |   |   |   |   |   |
| Income to SVH from SVO                                   |   | $                            |   13,853  |   |   | $ | 2,728 |   |
| Other expense, net (primarily interest on the GECC Note) |   |                         |   (16,493 | ) |   |   | (16,491 | ) |
| Net loss of SVH                                          |   | $                            |   (2,640  | ) |   | $ | (13,763 | ) |
|                                                     |   |                         |           |   |   |   |   |   |
| Cash distributions from SVH to LIN Television            |   | $                            | -              |   |   | $ | - |   |
| Shortfall loans from LIN Television to SVH               |   | $                            | 3,121          |   |   | $ | - |   |

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|                                          |   | March 31, 2010        |    |   | December 31, 2009        |   |
|-----------------------------------------------|--------|-----------------------|---------|--------|--------------------------|--------|
|                                          |   | Gross Carrying Amount |    |   | Accumulated Amortization |   |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |
| Goodwill                                      |   | $                     | 117,259 |   |                     | $      | - |   |   | $ | 117,259 |   |   | $ | - |   |
| Broadcast licenses                            |   |                  | 391,801 |   |                     |   | - |   |   |   | 391,801 |   |   |   | - |   |
| Intangible assets subject to amortization (1) |   |                  | 14,403  |   |                     |   | (7,736 | ) |   |   | 14,403 |   |   |   | (7,327 | ) |
| Total intangible assets                       |   | $                     | 523,463 |   |                     | $      | (7,736 | ) |   | $ | 523,463 |   |   | $ | (7,327 | ) |

|   | (1) | Intangible assets subject to amortization are amortized on a straight line basis and include acquired customer relationships, brand names, non-compete agreements, internal-use software, favorable operating leases, tower rental income leases, option agreements and network affiliations. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                            |   |           |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|
|                                                                                                                                                            |   | March 31, 2010 |    |   | December 31, 2009 |   |
| Senior secured credit facility:                                                                                                                                 |   |           |    |   |   |   |
| Revolving credit loans                                                                                                                                          |   | $              | 192,000 |   |   | $ | 204,000 |   |
| Term loans                                                                                                                                                      |   |           | 58,000  |   |   |   | 61,975 |   |
| 61⁄2% Senior Subordinated Notes due 2013                                                                                                                     |   |           | 275,883 |   |   |   | 275,883 |   |
| $141,316 61⁄2% Senior Subordinated Notes due 2013 - Class B, net of discount of $4,603 and $4,965 at March 31, 2010 and December 31, 2009, respectively |   |           | 136,713 |   |   |   | 136,351 |   |
| $2,157 LIN-RMM Note, net of discount of $120 and $160 at March 31, 2010 and December 31, 2009, respectively                                                     |   |           | 2,037   |   |   |   | 1,997 |   |
| $1,514 and 1,598 RMM Note, net of premium of $102 and $112 at March 31, 2010 and    December 31, 2009, respectively                         |   |           | 1,616   |   |   |   | 1,710 |   |
| $1,121 RMM Bank Note, net of discount of $62 and $83 at March 31, 2010 and December 31, 2009, respectively                                                      |   |           | 1,059   |   |   |   | 1,038 |   |
| Total debt                                                                                                                                                 |   |           | 667,308 |   |   |   | 682,954 |   |
| Less current portion                                                                                                                                            |   |           | 6,922   |   |   |   | 16,372 |   |
| Total long-term debt                                                                                                                                            |   | $              | 660,386 |   |   | $ | 666,582 |   |

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|            |   |           |    |
|-----------------|--------|----------------|---------|
|            |   | March 31, 2010 |    |   | December 31, 2009 |   |
|            |   |           |    |   |   |   |
| Carrying amount |   | $              | 667,308 |   |   | $ | 682,954 |   |
| Fair value      |   |           | 592,506 |   |   |   | 616,247 |   |

|                           |   | Loss on Derivative Instruments |   |   | Comprehensive Income, Net of Tax |   |
|--------------------------------|--------|--------------------------------|--------|--------|----------------------------------|--------|
|                           |   | 2010                           |   |   | 2009                             |   |   | 2010 |   |   | 2009 |   |
| Mark-to-Market Adjustments on: |   |                           |   |   |                             |   |   |   |   |   |   |   |
| 2006 interest rate hedge       |   | $                              | 9      |   |                             | $      | 220 |   |   | $ | 240 |   |   | $ | 441 |   |

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|                                      | Quoted prices in active markets |   | Significant observable inputs |   | Significant unobservable inputs |   | Total  |
|-------------------------------------------|---------------------------------|--------|-------------------------------|--------|---------------------------------|--------|--------|
|                                      | (Level 1)                       |   | (Level 2)                     |   | (Level 3)                       |   |   |   |
| 2010:                                     |                            |   |                          |   |                            |   |   |   |
| Assets:                                   |                            |   |                          |   |                            |   |   |   |
| Deferred compensation related investments |                            | $      | 1,392                         |   |                            | $      | -      |   | $ | - |   | $ | 1,392 |
|                                      |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Liabilities:                              |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Interest rate hedge                       |                            | $      | -                             |   |                            | $      | 3,794  |   | $  | - |   | $ | 3,794 |
| Deferred compensation related liabilities |                            | $      | 1,392                         |   |                            | $      | -      |   | $ | - |   | $ | 1,392 |
|                                      |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| 2009:                                     |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Assets:                                   |                            |   |                          |   |                            |   |   |   |
| Deferred compensation related investments |                            | $      | 2,454                         |   |                            | $      | -      |   | $ | - |   | $ | 2,454 |
|                                      |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Liabilities:                              |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Interest rate hedge                       |                            | $      | -                             |   |                            | $      | 4,181  |   | $  | - |   | $ | 4,181 |
| Deferred compensation related liabilities |                            | $      | 2,454                         |   |                            | $      | -      |   | $ | - |   | $ | 2,454 |
| Equity value shortfall amount             |                            | $      | -                             |   |                            | $      | -      |   | $ | 627 |   | $ | 627 |

|                                          |   |   |   Equity Value Shortfall Amount |   |
|-----------------------------------------------|--------|--------|--------------------------------------|--------|
| Balance as of December 31, 2009               |   | $      | 627                                  |   |
| Unrealized gain from the change in fair value |   |   | (627                                 | )      |
| Balance as of March 31, 2010             |   | $      | -                                    |   |

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|                               |   | Three Months Ended March 31, |       |
|------------------------------------|--------|------------------------------|------------|
| Net periodic pension benefit cost: |   | 2010                         |       |   | 2009 |   |
| Service cost                       |   | $                            | -          |   |   | $ | 400 |   |
| Interest cost                      |   |                         | 1,521      |   |   |   | 1,615 |   |
| Expected return on plan assets     |   |                         | (1,612     | ) |   |   | (1,687 | ) |
| Amortization of prior service cost |   |                         | -          |   |   |   | 31 |   |
| Amortization of net loss           |   |                         | 96         |   |   |   | 196 |   |
| Curtailment                        |   |                         | -          |   |   |   | 438 |   |
| Net periodic benefit cost          |   | $                            | 5          |   |   | $ | 993 |   |
| Contributions                      |   |                         |       |   |   |   |   |   |
| 401(k) Plan                        |   | $                            |   876 |   |   | $ | 272 |   |
| Retirement plans                   |   |                         | -          |   |   |   | - |   |
| Total contributions                |   | $                            |   876 |   |   | $ | 272 |   |

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|              |   |   |   Operating Leases and Agreements |   |
|-------------------|--------|--------|---------------------------------------------|--------|
| 2010              |   | $      | 16,030                                      |   |
| 2011              |   |   | 11,101                                      |   |
| 2012              |   |   | 10,383                                      |   |
| 2013              |   |   |  2,533                                 |   |
| 2014              |   |   |  760                                   |   |
| Thereafter        |   |   | 360                                         |   |
| Total obligations |   | $      |  41,167                                |   |

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|   | · | GECC, after exhausting all remedies against the joint venture, could enforce its rights under the guarantee, which could cause LIN TV to determine that LIN Television should seek to sell material assets owned by it in order to satisfy LIN TV’s obligations under the guarantee; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | GECC’s initiation of proceedings against LIN TV under the guarantee, if they result in material adverse consequences to LIN Television, could cause an acceleration of LIN Television’s credit facility and other outstanding indebtedness; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | if the GECC Note is prepaid because of an acceleration on default or otherwise, we would incur a substantial tax liability of approximately $273.6 million related to our deferred gain associated with the formation of the joint venture. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 2. Management’s Discussion and Analysis of Financial Condition andResults of Operations

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|                                             |   | Three Months Ended March 31, |          |   |   |   |    |     |   |
|--------------------------------------------------|--------|------------------------------|---------------|--------|--------|--------|---------|----------|--------|
|                                             |   | 2010                         |          |   | 2009   |   |    | % change |   |   | % of Gross revenues |   |
|                                             |   |                         |          |   |   |   |    |     |   |   |   |   |
| Local time sales                                 |   | $                            | 56,055        |   |   |   | 50,402  |     |   |   | 11% |   |   |   | 54% |   |
| National time sales                              |   |                         | 28,213        |   |   |   | 21,945  |     |   |   | 29% |   |   |   | 27% |   |
| Political time sales                             |   |                         | 3,433         |   |   |   | 519     |     |   |   | 561% |   |   |   | 3% |   |
| Digital revenues                                 |   |                         | 13,158        |   |   |   | 8,935   |     |   |   | 47% |   |   |   | 13% |   |
| Network compensation                             |   |                         | 940           |   |   |   | 923     |     |   |   | 2% |   |   |   | 1% |   |
| Barter revenues                                  |   |                         | 1,308         |   |   |   | 884     |     |   |   | 48% |   |   |   | 1% |   |
| Other revenues                                   |   |                         | 889           |   |   |   | 991     |     |   |   | -10% |   |   |   | 1% |   |
| Total gross revenues                             |   |                         | 103,996       |   |   |   | 84,599  |     |   |   | 23% |   |   |   | 100% |   |
| Agency commissions                               |   |                         | (12,151       | )      |   |   | (10,124 | )        |   |   | 20% |   |   |   | (12)% |   |
|       Net revenues |   |                         | 91,845        |   |   |   | 74,475  |     |   |   | 23% |   |   |   | 88% |   |
|                                             |   |                         |          |   |   |   |    |     |   |   |   |   |   |   |   |   |
| Operating costs and expenses:                    |   |                         |          |   |   |   |    |     |   |   |   |   |   |   |   |   |
| Direct operating                                 |   |                         |   29,305 |   |   |   | 26,915  |     |   |   | 9% |   |   |   |   |   |
| Selling, general and administrative              |   |                         |   25,424 |   |   |   | 25,616  |     |   |   | (1)% |   |   |   |   |   |
| Amortization of program rights                   |   |                         |   6,206  |   |   |   | 6,332   |     |   |   | (2)% |   |   |   |   |   |
| Corporate                                        |   |                         |   5,184  |   |   |   | 4,418   |     |   |   | 17% |   |   |   |   |   |
| Depreciation                                     |   |                         |   7,100  |   |   |   | 8,126   |     |   |   | (13)% |   |   |   |   |   |
| Amortization of intangible assets                |   |                         |   409    |   |   |   | 20      |     |   |   | 1945% |   |   |   |   |   |
| Restructuring charge                             |   |                         |   2,118  |   |   |   | -       |     |   |   | - |   |   |   |   |   |
| Gain from asset dispositions                     |   |                         |   (181   | )      |   |   | (1,709  | )        |   |   | (89)% |   |   |   |   |   |
| Total operating expenses                         |   |                         | 75,565        |   |   |   | 69,718  |     |   |   | 8% |   |   |   |   |   |
| Operating income                                 |   | $                            |   16,280 |   |   | $      | 4,757   |     |   |   |           242% |   |   |   |   |   |

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|                                          |   | Three Months Ended March 31, |   |
|-----------------------------------------------|--------|------------------------------|--------|
|                                          |   | 2010                         |   |   | 2009 |   |
| Components of interest expense                |   |                         |   |   |   |   |
| Senior secured credit facility                |   | $                            | 3,269  |   |   | $ | 1,811 |   |
| 61⁄2% Senior Subordinated Notes            |   |                         | 4,664  |   |   |   | 5,184 |   |
| 61⁄2% Senior Subordinated Notes -- Class B |   |                         | 2,752  |   |   |   | 3,152 |   |
| RMM Notes                                     |   |                         | 106    |   |   |   | - |   |
| Other interest costs                          |   |                         | 924    |   |   |   | 775 |   |
| Total interest expense, net                   |   | $                            | 11,715 |   |   | $ | 10,922 |   |

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| ·   | During the three months ended March 31, 2010, we experienced a 23% increase in revenues compared to the same period in 2009.  During the remainder of 2010, we expect that continued recovery compared to the prior year, along with incremental political revenues generated in 2010, will favorably impact our liquidity position. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our joint venture with NBC Universal has been adversely impacted by the current economic downturn. As described in our 10-K for the year ended December 31, 2009, during 2009 we entered into the Original Shortfall Funding Agreement with NBC Universal. Because of anticipated future cash shortfalls during 2010 at the joint venture, on March 9, 2010, we and NBC Universal entered into the 2010 Shortfall Funding Agreement covering the period through April 1, 2011.  Under the terms of the 2010 Shortfall Funding Agreement, we agreed that if the joint venture does not have sufficient cash to fund interest payments on the GECC Note through April 1, 2011, we and NBC Universal would each provide the joint venture with a shortfall loan on the basis of our respective percentage of economic interest in the joint venture. As of December 31, 2009, we had accrued $6.0 million for our probable and estimable obligations under the shortfall loan agreements, attributable to the joint venture's debt service. On March 25, 2010, pursuant to the Original Shortfall Funding Agreement, we made a shortfall loan to the joint venture in the amount of $3.1 million, resulting in a remaining shortfall funding accrual of $2.9 million as of March 31, 2010, which we expect to fund during the remainder of 2010 and through April 1, 2011. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | As described further below in “Description of Indebtedness”, on April 12, 2010 LIN Television completed an offering of its 83⁄8% Senior notes in an aggregate principal amount of $200.0 million, and used the proceeds of such offering to repay amounts outstanding under our senior secured credit facility.  In connection with the offering, we made a mandatory prepayment of our revolving credit loans and our term loans, which resulted in a reduction of our revolving credit commitments, from $225.0 million to $76.1 million.  Further, as a result of the $45.9 million repayment of principal on our term loans, the mandatory annual principal amortization of term loans was reduced from $15.9 million to $3.3 million. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                    |   | 2010           |   |   |   | 2011-2012 |         |   |   | 2013-2014 |        |   | 2015 and thereafter |   |    | Total  |   |
|---------------------------------------------------------|--------|----------------|--------|--------|--------|-----------|--------------|--------|--------|-----------|-------------|--------|---------------------|--------|---------|--------|--------|
|                                                    |   | (in thousands) |   |
|                                                    |   |           |   |   |   |      |         |   |   |      |        |   |                |   |    |   |   |
| Principal payments and mandatory redemptions on debt(1) |   | $              | 6,925  |   |   | $         | 53,039       |   |   | $         | 417,199     |   |                | $      | 200,000 |   |   | $ | 677,163 |   |
| Cash interest on debt(2)                                |   |           | 43,404 |   |   |      | 88,076       |   |   |      | 36,032      |   |                |   | 55,135  |   |   |   | 222,647 |   |
| Operating agreements(3)                            |   |           | 14,722 |   |   |      |  20,442 |   |   |      |  2,636 |   |                |   |  - |   |   |   | 37,800 |   |

| (1) | We are obligated to make mandatory quarterly principal payments and to use proceeds of asset sales not reinvested to pay-down the term loans under our credit facility. Additionally, we are required to make mandatory prepayments of principal on our term loans subject to a computation of excess cash following the delivery of our year-end financial statements as described in “Description of Indebtedness” in our 10-K for the year ended December 31, 2009. We are also obligated to repay in full our credit facility on November 4, 2011, and each of our 61⁄2% Senior Subordinated Notes and 61⁄2% Senior Subordinated Notes – Class B on May 15, 2013. The amount does not include any potential amounts that may be paid related to the GECC Note as described in Note 11 – “Commitments and Contingencies.” |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | We have contractual obligations to pay cash interest on our credit facility, as well as commitment fees of 0.750% on our revolving credit facility through November 2011, and on each of our 61⁄2% Senior Subordinated Notes and our 61⁄2% Senior Subordinated Notes – Class B through 2013, our 83⁄8% Senior notes through 2018, and our RMM Notes, as described in “Description of Indebtedness” in our 10-K for the year ended December 31, 2009 |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | We have entered into a variety of agreements for services used in the operation of our stations including rating services, consulting and research services, news video services, news weather services, marketing services and other operating contracts under non-cancelable operating agreements. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                      |   | Three Months Ended March 31, |    |   |       2010 vs. 2009 |   |
|-------------------------------------------|--------|------------------------------|---------|--------|----------------------------------------------|--------|
|                                      |   | 2010                         |    |   | 2009                                         |   |   |   |
| Cash provided by operating activities     |   | $                            | 21,614  |   |                                         | $      | 3,477 |   |   | $ | 18,137 |   |
| Cash used in investing activities         |   |                         | (6,986  | )      |                                         |   | (1,852 | ) |   |   | (5,134 | ) |
| Cash used in financing activities         |   |                         | (16,059 | )      |                                         |   | (6,330 | ) |   |   | (9,729 | ) |
| Net decrease in cash and cash equivalents |   | $                            | (1,431  | )      |                                         | $      | (4,705 | ) |   | $ | (3,274 | ) |

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|                                                                                                                                                            |   |           |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|
|                                                                                                                                                            |   | March 31, 2010 |    |   | December 31, 2009 |   |
| Senior secured credit facility:                                                                                                                                 |   |           |    |   |   |   |
| Revolving credit loans                                                                                                                                          |   | $              | 192,000 |   |   | $ | 204,000 |   |
| Term loans                                                                                                                                                      |   |           | 58,000  |   |   |   | 61,975 |   |
| 61⁄2% Senior Subordinated Notes due 2013                                                                                                                     |   |           | 275,883 |   |   |   | 275,883 |   |
| $141,316 61⁄2% Senior Subordinated Notes due 2013 - Class B, net of discount of $4,603 and $4,965 at March 31, 2010 and December 31, 2009, respectively |   |           | 136,713 |   |   |   | 136,351 |   |
| $2,157 LIN-RMM Note, net of discount of $120 and $160 at March 31, 2010 and December 31, 2009, respectively                                                     |   |           | 2,037   |   |   |   | 1,997 |   |
| $1,514 and 1,598 RMM Note, net of premium of $102 and $112 at March 31, 2010 and December 31, 2009, respectively                                                |   |           | 1,616   |   |   |   | 1,710 |   |
| $1,121 RMM Bank Note, net of discount of $62 and $83 at March 31, 2010 and December 31, 2009, respectively                                                      |   |           | 1,059   |   |   |   | 1,038 |   |
| Total debt                                                                                                                                                 |   |           | 667,308 |   |   |   | 682,954 |   |
| Less current portion                                                                                                                                            |   |           | 6,922   |   |   |   | 16,372 |   |
| Total long-term debt                                                                                                                                            |   | $              | 660,386 |   |   | $ | 666,582 |   |

Item 3. Quantitative and Qualitative Disclosures About Market Risk

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Item 4. Controls and Procedures

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Table of Contents

Part II. Other Information

Item 1. Legal Proceedings

Item 1A. Risk Factors

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Item 3. Defaults Upon Senior Securities

Item 4. Reserved

Item 5. Other Information

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Table of Contents

Item 6. Exhibits

| 3.1    | Second Amended and Restated Certificate of Incorporation of LIN TV Corp., as amended (filed as Exhibit 3.1 to our Quarterly Report on Form 10-Q filed as of August 9, 2004 (File Nos. 001-31311 and 000-25206) and incorporated by reference herein)                                |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                |
| 3.2    | Third Amended and Restated Bylaws of LIN TV Corp., filed as Exhibit 3.2 (filed as Exhibit 3.2 to our Report on Form 10-K filed as of March 14, 2008 (File Nos. 001-31311 and 000-25206) and incorporated by reference herein).                                                      |
|   |                                                                                                                                                                                                                                                                                |
| 3.3    | Restated Certificate of Incorporation of LIN Television Corporation (filed as Exhibit 3.1 to the Quarterly Report on Form 10-Q of LIN TV Corp. and LIN Television Corporation for the fiscal quarter ended June 30, 2003 (File No. 000-25206) and incorporated by reference herein) |
|   |                                                                                                                                                                                                                                                                                |
| 4.1    | Specimen of stock certificate representing LIN TV Corp. Class A Common stock, par value $.01 per share (filed as Exhibit 4.1 to LIN TV Corp.’s Registration Statement on Form S-1 (Registration No. 333-83068) and incorporated by reference herein).                         |
|   |                                                                                                                                                                                                                                                                                |
| 31.1   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Chief Executive Officer of LIN TV Corp.                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                |
| 31.2   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Chief Financial Officer of LIN TV Corp.                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                |
| 31.3   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Chief Executive Officer of LIN Television Corporation                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                |
| 31.4   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Chief Financial Officer of LIN Television Corporation                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                |
| 32.1   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Chief Executive Officer and Chief Financial Officer of LIN TV Corp.                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                |
| 32.2   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Chief Executive Officer and Chief Financial Officer of LIN Television Corporation                                                                                                                    |

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SIGNATURES

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| Item 1. Unaudited Consolidated Financial Statements of LIN Television Corporation |   |   |   |   |
|-----------------------------------------------------------------------------------|--------|--------|--------|--------|
| Consolidated Balance Sheets                                                       |   |   |   | 31     |
| Consolidated Statements of Operations                                             |   |   |   | 32     |
| Consolidated Statements of Stockholder’s Deficit and Comprehensive Income   |   |   |   | 33     |
| Consolidated Statements of Cash Flows                                             |   |   |   | 35     |
| Notes to Unaudited Consolidated Financial Statements                              |   |   |   | 36     |

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| Item 1. Unaudited Consolidated Financial Statements of LIN Television Corporation        |   |
|------------------------------------------------------------------------------------------|--------|
|  LIN Television Corporation                                                         |   |
| Consolidated Balance Sheets                                                              |   |
|                                                                                     |   | March 31, |   |
|                                                                                     |   | 2010 |   |   | 2009 |   |
| ASSETS                                                                                   |   | (in thousands, except share data) |   |
| Current assets:                                                                          |   |   |   |   |   |   |
| Cash and cash equivalents                                                                |   | $ | 9,674 |   |   | $ | 11,105 |   |
| Restricted cash                                                                          |   |   | 2,000 |   |   |   | 2,000 |   |
| Accounts receivable, less allowance for doubtful accounts (2010 - $2,017; 2009 - $2,272) |   |   | 71,229 |   |   |   | 73,948 |   |
| Program rights                                                                           |   |   | 1,825 |   |   |   | 2,126 |   |
| Other current assets                                                                     |   |   | 6,168 |   |   |   | 6,402 |   |
| Total current assets                                                                     |   |   | 90,896 |   |   |   | 95,581 |   |
| Property and equipment, net                                                              |   |   | 162,026 |   |   |   | 165,061 |   |
| Deferred financing costs                                                                 |   |   | 7,834 |   |   |   | 8,389 |   |
| Program rights                                                                           |   |   | 1,089 |   |   |   | 1,400 |   |
| Goodwill                                                                                 |   |   | 117,259 |   |   |   | 117,259 |   |
| Broadcast licenses and other intangible assets, net                                      |   |   | 398,468 |   |   |   | 398,877 |   |
| Other assets                                                                             |   |   | 3,069 |   |   |   | 3,936 |   |
|         Total assets                                  |   | $  | 780,641 |   |   | $ | 790,503 |   |
|                                                                                     |   |   |   |   |   |   |   |   |
| Commitments and Contingencies (Note 11)                                                  |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDER’S DEFICIT                                              |   |   |   |   |   |   |   |   |
| Current liabilities:                                                                     |   |   |   |   |   |   |   |   |
| Current portion of long-term debt                                                        |   | $ | 6,922 |   |   | $ | 16,372 |   |
| Accounts payable                                                                         |   |   | 6,749 |   |   |   | 6,556 |   |
| Accrued expenses                                                                         |   |   | 44,998 |   |   |   | 41,916 |   |
| Program obligations                                                                      |   |   | 9,351 |   |   |   | 10,319 |   |
| Total current liabilities                                                                |   |   | 68,020 |   |   |   | 75,163 |   |
| Long-term debt, excluding current portion                                                |   |   | 660,386 |   |   |   | 666,582 |   |
| Deferred income taxes, net                                                               |   |   | 163,872 |   |   |   | 162,025 |   |
| Program obligations                                                                      |   |   | 1,699 |   |   |   | 2,092 |   |
| Other liabilities                                                                        |   |   | 50,868 |   |   |   | 53,795 |   |
| Total liabilities                                                                        |   |   | 944,845 |   |   |   | 959,657 |   |
|                                                                                     |   |   |   |   |   |   |   |   |
| Stockholder’s deficit:                                                             |   |   |   |   |   |   |   |   |
| Common stock, $0.00 par value, 1,000 shares                                              |   |   | - |   |   |   | - |   |
| Investment in parent company’s stock, at cost                                      |   |   | (7,869 | ) |   |   | (7,869 | ) |
| Additional paid-in capital                                                               |   |   | 1,105,841 |   |   |   | 1,104,690 |   |
| Accumulated deficit                                                                      |   |   | (1,234,557 | ) |   |   | (1,238,058 | ) |
| Accumulated other comprehensive loss                                                     |   |   | (27,619 | ) |   |   | (27,917 | ) |
| Total stockholder’s deficit                                                        |   |   | (164,204 | ) |   |   | (169,154 | ) |
|     Total liabilities and stockholder's deficit                      |   | $  | 780,641 |   |   | $ | 790,503 |   |
| The accompanying notes are an integral part of the consolidated financial statements.    |   |

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| LIN Television Corporation                                                                                           |   |
|----------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Operations                                                                                |   |
| (unaudited)                                                                                                          |   |
|                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                 |   | Three months ended March 31, |   |
|                                                                                                                 |   | 2010 |   |   | 2009 |   |
|                                                                                                                 |   | (in thousands, except per share data) |   |
|                                                                                                                 |   |   |   |   |   |   |
| Net revenues                                                                                                         |   | $ | 91,845 |   |   | $ | 74,475 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Operating costs and expenses:                                                                                        |   |   |   |   |   |   |   |   |
|      Direct operating                                                                       |   |   | 29,305 |   |   |   | 26,915 |   |
|      Selling, general and administrative                                                    |   |   | 25,424 |   |   |   | 25,616 |   |
|      Amortization of program rights                                                         |   |   | 6,206 |   |   |   | 6,332 |   |
|      Corporate                                                                              |   |   | 5,184 |   |   |   | 4,418 |   |
|      Depreciation                                                                           |   |   | 7,100 |   |   |   | 8,126 |   |
|      Amortization of intangible assets                                                      |   |   | 409 |   |   |   | 20 |   |
|      Restructuring charge                                                                   |   |   | 2,118 |   |   |   | - |   |
|      Gain from asset dispositions                                                           |   |   | (181 | ) |   |   | (1,709 | ) |
| Operating income                                                                                                     |   |   | 16,280 |   |   |   | 4,757 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Other expense (income):                                                                                              |   |   |   |   |   |   |   |   |
|      Interest expense, net                                                                  |   |   | 11,715 |   |   |   | 10,922 |   |
|      Gain on extinguishment of debt                                                         |   |   | - |   |   |   | (50,149 | ) |
|      Other, net                                                                             |   |   | (701 | ) |   |   | 489 |   |
| Total other expense (income), net                                                                                    |   |   | 11,014 |   |   |   | (38,738 | ) |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| Income from continuing operations before provision for income taxes                                                  |   |   | 5,266 |   |   |   | 43,495 |   |
| Provision for income taxes                                                                                           |   |   | 1,765 |   |   |   | 18,489 |   |
| Income from continuing operations                                                                                    |   |   | 3,501 |   |   |   | 25,006 |   |
| Discontinued operations:                                                                                             |   |   |   |   |   |   |   |   |
| Loss from discontinued operations net of benefit from income taxes of $659 for the three months ended March 31, 2009 |   |   | - |   |   |   | (284 | ) |
| Net income                                                                                                           |   | $ | 3,501 |   |   | $ | 24,722 |   |
|                                                                                                                 |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the unaudited consolidated financial statements.                      |   |

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| LIN Television Corporation                                                                 |   |
|--------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Stockholder’s Deficit and Comprehensive Income            |   |
| (in thousands, except share data)                                                          |   |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |   |   |   |  Investment in Parent Company's Common Stock, at cost |   |   |  Additional Paid-In Capital |   |   |  Accumulated Deficit |   |   |  Accumulated Other Comprehensive Loss |   |   |  Total Stockholder's Deficit |   |     Comprehensive  Income |
|                                                                                       |   |   |   |   | Common Stock |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                       |   | Total Deficit |   |   | Shares |   |   | Amount |   |   |   |   |   |   |   |   |   |   |   |
|  Balance at December 31, 2009                                                         |   | $ | (169,154 | ) |   |   | 1,000 |   |   | $ | - |   |   | $ | (7,869 | ) |   | $ | 1,104,690 |   |   | $ | (1,238,058 | ) |   | $ | (27,917 | ) |   | $ | (169,154 | )  |   |
|  Amortization of pension net loss, net of tax of $38                                  |   |   | 58 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 58 |   |   |   | 58 |   |   | 58 |
|  Unrealized gain on cash flow hedges, net of tax of $156                         |   |   | 240 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 240 |   |   |   | 240 |   |   | 240 |
|  Stock-based compensation                                                             |   |   | 1,151 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,151 |   |   |   | - |   |   |   | - |   |   |   | 1,151 |   |   |   |
|  Net income                                                                           |   |   | 3,501 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 3,501 |   |   |   | - |   |   |   | 3,501 |   |   | 3,501 |
|    Comprehensive income – March 31, 2010                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | $ |            3,799 |
|  Balance at March 31, 2010                                                            |   | $ | (164,204 | ) |   |   | 1,000 |   |   | $ | - |   |   | $ | (7,869 | ) |   | $ | 1,105,841 |   |   | $ | (1,234,557 | )  |   | $ | (27,619 | ) |   | $ | (164,204 | )  |   |   |
|                                                                                       |
| The accompanying notes are an integral part of the consolidated financial statements. |

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| LIN Television Corporation                                                                 |   |
|--------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Stockholder’s Deficit and Comprehensive Income            |   |
| (in thousands, except share data)                                                          |   |
|                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |   |   |   |  Investment in Parent Company's Common Stock, at cost |   |   |  Additional Paid-In Capital |   |   |  Accumulated Deficit |   |   |  Accumulated  Other  Comprehensive  Loss |   |   |  Total Stockholder’s   Deficit |   |   |  Noncontrolling Interest |   |     Comprehensive Income |
|                                                                                       |   |   |   |   | Common Stock |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                       |   | Total Deficit |   |   | Shares |   |   | Amount |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance at December 31, 2008                                                         |   | $ | (182,250 | ) |   |   | 1,000 |   |   | $ | - |   |   | $ | (18,005 | ) |   | $ | 1,102,448 |   |   | $ | (1,239,090 | ) |   | $ | (34,634 | ) |   | $ | (189,281 | )  |   | $ | 7,031 |   |   |
|  Amortization of prior service cost, net of tax of $3                                 |   |   | 4 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4 |   |   |   | 4 |   |   |   | - |   | $ | 4 |
|  Amortization of pension net loss, net of tax of $52                                  |   |   | 78 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 78 |   |   |   | 78 |   |   |   | - |   |   | 78 |
|  Unrealized loss on cash flow hedges, net of tax of $293                              |   |   | 441 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 441 |   |   |   | 441 |   |   |   | - |   |   | 441 |
|  Stock-based compensation                                                             |   |   | 589 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 589 |   |   |   | - |   |   |   | - |   |   |   | 589 |   |   |   | - |   |   |   |
|  Net income                                                                           |   |   | 21,191 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 24,722 |   |   |   | - |   |   |   | 24,722 |   |   |   | (3,531 | )  |   | 24,722 |
|    Comprehensive income – March 31, 2009                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | $ |         25,245 |
|  Balance at March 31, 2009                                                            |   | $ | (159,947 | ) |   |   | 1,000 |   |   | $ | - |   |   | $ | (18,005 | )  |   | $ | 1,103,037 |   |   | $ | (1,214,368 | ) |   | $ | (34,111 | )  |   | $ | (163,447 | )  |   | $ | 3,500 |   |   |   |
|                                                                                       |   |
| The accompanying notes are an integral part of the consolidated financial statements. |   |

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| LIN Television Corporation                                                                                                                                                                                                                                                                                                                                                                                    |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Cash Flows                                                                                                                                                                                                                                                                                                                                                                         |   |
| (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | Three Months Ended March 31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | (in thousands) |   |
| OPERATING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |
| Net income                                                                                                                                                                                                                                                                                                                                                                                                    |   | $ | 3,501 |   |   | $ | 24,722 |   |
| Loss from discontinued operations                                                                                                                                                                                                                                                                                                                                                                             |   |   | - |   |   |   | 284 |   |
| Adjustment to reconcile net income to net cash provided by operating activities:                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
|   Depreciation                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 7,100 |   |   |   | 8,126 |   |
|   Amortization of intangible assets                                                                                                                                                                                                                                                                                                                                                                      |   |   | 409 |   |   |   | 20 |   |
|   Amortization of financing costs and note discounts                                                                                                                                                                                                                                                                                                                                                     |   |   | 1,328 |   |   |   | 977 |   |
|   Amortization of program rights                                                                                                                                                                                                                                                                                                                                                                         |   |   | 6,206 |   |   |   | 6,332 |   |
|   Program payments                                                                                                                                                                                                                                                                                                                                                                                       |   |   | (7,071 | ) |   |   | (4,582 | ) |
|   Gain on extinguishment of debt                                                                                                                                                                                                                                                                                                                                                                         |   |   | - |   |   |   | (50,149 | ) |
|   Deferred income taxes, net                                                                                                                                                                                                                                                                                                                                                                             |   |   | 1,847 |   |   |   | 18,758 |   |
|   Stock-based compensation                                                                                                                                                                                                                                                                                                                                                                               |   |   | 1,151 |   |   |   | 589 |   |
|   Gain from asset dispositions                                                                                                                                                                                                                                                                                                                                                                           |   |   | (181 |   |   |   | (1,709 | ) |
|   Other, net                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (320 | ) |   |   | 2,511 |   |
| Changes in operating assets and liabilities, net of acquisitions and disposals:                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|   Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 2,719 |   |   |   | 9,693 |   |
|   Other assets                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 1,100 |   |   |   | 1,977 |   |
|   Accounts payable                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 193 |   |   |   | (3,920 | ) |
|   Accrued interest expense                                                                                                                                                                                                                                                                                                                                                                               |   |   | 6,851 |   |   |   | 5,751 |   |
|   Other accrued expenses                                                                                                                                                                                                                                                                                                                                                                            |   |   | (3,219 | ) |   |   | (15,802 | ) |
| Net cash provided by operating activities, continuing operations                                                                                                                                                                                                                                                                                                                                              |   |   | 21,614 |   |   |   | 3,578 |   |
| Net cash used in operating activities, discontinued operations                                                                                                                                                                                                                                                                                                                                                |   |   | - |   |   |   | (101 | ) |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                     |   |   | 21,614 |   |   |   | 3,477 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|    Capital expenditures                                                            |   |   | (4,045 | ) |   |   | (1,852 | ) |
|    Proceeds from the sale of assets                                                                                                                                                                                                                                                                                                                                                            |   |   | 180 |   |   |   |   |   |
|    Shortfall loan to joint venture with NBC Universal (Note 3)                                                                                                               |   |   | (3,121 | ) |   |   | - |   |
| Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                         |   |   | (6,986 | ) |   |   | (1,852 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|    Proceeds from borrowings on long-term debt                                                                                                                                                                                                                                                                                                                                                  |   |   | 4,000 |   |   |   | 66,000 |   |
|    Principal payments on long-term debt                                                                                                                                                                                                                                                                                                                                                        |   |   | (20,059 | ) |   |   | (72,330 | ) |
| Net cash used in financing activities                                                                                                                                                                                                                                                                                                                                                                         |   |   | (16,059 | ) |   |   | (6,330 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net decrease in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                     |   |   | (1,431 | ) |   |   | (4,705 | ) |
| Cash and cash equivalents at the beginning of the period                                                                                                                                                                                                                                                                                                                                                      |   |   | 11,105 |   |   |   | 20,106 |   |
| Cash and cash equivalents at the end of the period                                                                                                                                                                                                                                                                                                                                                            |   | $ | 9,674 |   |   | $ | 15,401 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the unaudited consolidated financial statements.                                                                                                                                                                                                                                                                                                               |   |

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Notes to Unaudited Consolidated Financial Statements

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Table of Contents

|           |   |                         |   |
|----------------|--------|------------------------------|--------|
|           |   | Three Months Ended March 31, |   |
|           |   | 2010                         |   |   | 2009 |   |
|           |   |                         |   |   |   |   |
| Net revenues   |   | $                            | -      |   |   | $ | 632 |   |
| Operating loss |   |                         | -      |   |   |   | (1,998 | ) |
| Net loss       |   |                         | -      |   |   |   | (284 | ) |

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|                                                     |   |                         |           |
|----------------------------------------------------------|--------|------------------------------|----------------|
|                                                     |   | Three Months Ended March 31, |           |
|                                                     |   | 2010                         |           |   | 2009 |   |
|                                                     |   |                         |           |   |   |   |
| Cash distributions to SVH from SVO                       |   | $                            | 958            |   |   | $ | 16,252 |   |
|                                                     |   |                         |           |   |   |   |   |   |
| Income to SVH from SVO                                   |   | $                            |   13,853  |   |   | $ | 2,728 |   |
| Other expense, net (primarily interest on the GECC Note) |   |                         |   (16,493 | ) |   |   | (16,491 | ) |
| Net loss of SVH                                          |   | $                            |   (2,640  | ) |   | $ | (13,763 | ) |
|                                                     |   |                         |           |   |   |   |   |   |
| Cash distributions from SVH to LIN Television            |   | $                            | -              |   |   | $ | - |   |
| Shortfall loans from LIN Television to SVH               |   | $                            | 3,121          |   |   | $ | - |   |

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|                                          |   | March 31, 2010        |    |   | December 31, 2009        |   |
|-----------------------------------------------|--------|-----------------------|---------|--------|--------------------------|--------|
|                                          |   | Gross Carrying Amount |    |   | Accumulated Amortization |   |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |
| Goodwill                                      |   | $                     | 117,259 |   |                     | $      | - |   |   | $ | 117,259 |   |   | $ | - |   |
| Broadcast licenses                            |   |                  | 391,801 |   |                     |   | - |   |   |   | 391,801 |   |   |   | - |   |
| Intangible assets subject to amortization (1) |   |                  | 14,403  |   |                     |   | (7,736 | ) |   |   | 14,403 |   |   |   | (7,327 | ) |
| Total intangible assets                       |   | $                     | 523,463 |   |                     | $      | (7,736 | ) |   | $ | 523,463 |   |   | $ | (7,327 | ) |

|   | (1) | Intangible assets subject to amortization are amortized on a straight line basis and include acquired customer relationships, brand names, non-compete agreements, internal-use software, favorable operating leases, tower rental income leases, option agreements and network affiliations. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                            |   |           |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|
|                                                                                                                                                            |   | March 31, 2010 |    |   | December 31, 2009 |   |
| Senior secured credit facility:                                                                                                                                 |   |           |    |   |   |   |
| Revolving credit loans                                                                                                                                          |   | $              | 192,000 |   |   | $ | 204,000 |   |
| Term loans                                                                                                                                                      |   |           | 58,000  |   |   |   | 61,975 |   |
| 61⁄2% Senior Subordinated Notes due 2013                                                                                                                     |   |           | 275,883 |   |   |   | 275,883 |   |
| $141,316 61⁄2% Senior Subordinated Notes due 2013 - Class B, net of discount of $4,603 and $4,965 at March 31, 2010 and December 31, 2009, respectively |   |           | 136,713 |   |   |   | 136,351 |   |
| $2,157 LIN-RMM Note, net of discount of $120 and $160 at March 31, 2010 and December 31, 2009, respectively                                                     |   |           | 2,037   |   |   |   | 1,997 |   |
| $1,514 and 1,598 RMM Note, net of premium of $102 and $112 at March 31, 2010 and    December 31, 2009, respectively                         |   |           | 1,616   |   |   |   | 1,710 |   |
| $1,121 RMM Bank Note, net of discount of $62 and $83 at March 31, 2010 and December 31, 2009, respectively                                                      |   |           | 1,059   |   |   |   | 1,038 |   |
| Total debt                                                                                                                                                 |   |           | 667,308 |   |   |   | 682,954 |   |
| Less current portion                                                                                                                                            |   |           | 6,922   |   |   |   | 16,372 |   |
| Total long-term debt                                                                                                                                            |   | $              | 660,386 |   |   | $ | 666,582 |   |

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|            |   |           |    |
|-----------------|--------|----------------|---------|
|            |   | March 31, 2010 |    |   | December 31, 2009 |   |
|            |   |           |    |   |   |   |
| Carrying amount |   | $              | 667,308 |   |   | $ | 682,954 |   |
| Fair value      |   |           | 592,506 |   |   |   | 616,247 |   |

|                           |   | Loss on Derivative Instruments |   |   | Comprehensive Income, Net of Tax |   |
|--------------------------------|--------|--------------------------------|--------|--------|----------------------------------|--------|
|                           |   | 2010                           |   |   | 2009                             |   |   | 2010 |   |   | 2009 |   |
| Mark-to-Market Adjustments on: |   |                           |   |   |                             |   |   |   |   |   |   |   |
| 2006 interest rate hedge       |   | $                              | 9      |   |                             | $      | 220 |   |   | $ | 240 |   |   | $ | 441 |   |

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|                                      | Quoted prices in active markets |   | Significant observable inputs |   | Significant unobservable inputs |   | Total  |
|-------------------------------------------|---------------------------------|--------|-------------------------------|--------|---------------------------------|--------|--------|
|                                      | (Level 1)                       |   | (Level 2)                     |   | (Level 3)                       |   |   |   |
| 2010:                                     |                            |   |                          |   |                            |   |   |   |
| Assets:                                   |                            |   |                          |   |                            |   |   |   |
| Deferred compensation related investments |                            | $      | 1,392                         |   |                            | $      | -      |   | $ | - |   | $ | 1,392 |
|                                      |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Liabilities:                              |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Interest rate hedge                       |                            | $      | -                             |   |                            | $      | 3,794  |   | $  | - |   | $ | 3,794 |
| Deferred compensation related liabilities |                            | $      | 1,392                         |   |                            | $      | -      |   | $ | - |   | $ | 1,392 |
|                                      |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| 2009:                                     |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Assets:                                   |                            |   |                          |   |                            |   |   |   |
| Deferred compensation related investments |                            | $      | 2,454                         |   |                            | $      | -      |   | $ | - |   | $ | 2,454 |
|                                      |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Liabilities:                              |                            |   |                          |   |                            |   |   |   |   |   |   |   |   |
| Interest rate hedge                       |                            | $      | -                             |   |                            | $      | 4,181  |   | $  | - |   | $ | 4,181 |
| Deferred compensation related liabilities |                            | $      | 2,454                         |   |                            | $      | -      |   | $ | - |   | $ | 2,454 |
| Equity value shortfall amount             |                            | $      | -                             |   |                            | $      | -      |   | $ | 627 |   | $ | 627 |

|                                          |   |   |   Equity Value Shortfall Amount |   |
|-----------------------------------------------|--------|--------|--------------------------------------|--------|
| Balance as of December 31, 2009               |   | $      | 627                                  |   |
| Unrealized gain from the change in fair value |   |   | (627                                 | )      |
| Balance as of March 31, 2010             |   | $      | -                                    |   |

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|                               |   | Three Months Ended March 31, |       |
|------------------------------------|--------|------------------------------|------------|
| Net periodic pension benefit cost: |   | 2010                         |       |   | 2009 |   |
| Service cost                       |   | $                            | -          |   |   | $ | 400 |   |
| Interest cost                      |   |                         | 1,521      |   |   |   | 1,615 |   |
| Expected return on plan assets     |   |                         | (1,612     | ) |   |   | (1,687 | ) |
| Amortization of prior service cost |   |                         | -          |   |   |   | 31 |   |
| Amortization of net loss           |   |                         | 96         |   |   |   | 196 |   |
| Curtailment                        |   |                         | -          |   |   |   | 438 |   |
| Net periodic benefit cost          |   | $                            | 5          |   |   | $ | 993 |   |
| Contributions                      |   |                         |       |   |   |   |   |   |
| 401(k) Plan                        |   | $                            |   876 |   |   | $ | 272 |   |
| Retirement plans                   |   |                         | -          |   |   |   | - |   |
| Total contributions                |   | $                            |   876 |   |   | $ | 272 |   |

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|              |   |   |   Operating Leases and Agreements |   |
|-------------------|--------|--------|---------------------------------------------|--------|
| 2010              |   | $      | 16,030                                      |   |
| 2011              |   |   | 11,101                                      |   |
| 2012              |   |   | 10,383                                      |   |
| 2013              |   |   |  2,533                                 |   |
| 2014              |   |   |  760                                   |   |
| Thereafter        |   |   | 360                                         |   |
| Total obligations |   | $      |  41,167                                |   |

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|   | · | GECC, after exhausting all remedies against the joint venture, could enforce its rights under the guarantee, which could cause LIN TV to determine that LIN Television should seek to sell material assets owned by it in order to satisfy LIN TV’s obligations under the guarantee; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | GECC’s initiation of proceedings against LIN TV under the guarantee, if they result in material adverse consequences to LIN Television, could cause an acceleration of LIN Television’s credit facility and other outstanding indebtedness; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | if the GECC Note is prepaid because of an acceleration on default or otherwise, we would incur a substantial tax liability of approximately $273.6 million related to our deferred gain associated with the formation of the joint venture. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|