1166789--3/16/2006--LIN_TELEVISION

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We have a history of net losses and a substantial accumulated deficit. We may not be able to generate sufficient cash flow to meet our debt service obligations, forcing us to refinance all or a portion of our indebtedness, sell assets or obtain additional financing. We have a material amount of intangible assets, and if we are required to write down intangible assets in future periods, it would reduce net income, which in turn could materially and adversely affect the results of operations and the trading price of LIN TV Corp. s class A common stock. Our strategy includes seeking growth through acquisitions of television stations, which could pose various risks and increase our leverage. Broadcast interests of our affiliates, including Hicks Muse, may be attributable to us and may limit our ability to acquire television stations in particular markets, restricting our ability to execute our growth strategy. Hicks Muse and its affiliates, whose interests may differ from your interests, have approval rights with respect to significant transactions and could convert their equity interests in LIN TV into a majority of its voting power, thereby reducing the voting power of other LIN TV shareholders. If we are unable to compete effectively, our revenue could decline. It will be difficult to take us over, which could adversely affect the trading price of our class A common stock. Our adoption of the Financial Accounting Standards Board s SFAS No. 123 (revised 2004), Share-Based Payment, and alternative incentive compensation plans that we could adopt, could result in our recognition of significant additional compensation expense. The loss of network affiliation agreements or changes in network affiliations could materially and adversely affect our results of operations if we are unable to quickly replace the network affiliation. The use of an alternative method of valuing our network affiliations could have a significant adverse impact on our results of operations. The General Electric Capital Corporation note could result in significant liabilities and could trigger a change of control under our existing indebtedness, causing our indebtedness to become immediately due and payable. Risks Related to Our Industry Any potential hostilities or terrorist attacks may affect our revenues and results of operations. Our industry is subject to significant syndicated and other programming costs, and increased programming costs could adversely affect our operating results. Our industry is subject to a government-mandated analog-digital conversion process which may cause us to lose viewership and advertising revenues.

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1166789--3/16/2006--LIN_TELEVISION_CORP