-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pquv3AaPobITTZLwfYPu/cgt7gnNnQRcg1DEE1Rd2oyq5be0vVqvl40j+JMYAzmT +766HYp05LsGHsJRfpMK/A== 0001135428-06-000040.txt : 20060209 0001135428-06-000040.hdr.sgml : 20060209 20060209171527 ACCESSION NUMBER: 0001135428-06-000040 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060209 DATE AS OF CHANGE: 20060209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WESTCHESTER CAPITAL MANAGEMENT INC /NY/ CENTRAL INDEX KEY: 0000938773 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 100 SUMMIT LAKE DRIVE CITY: VALHALLA STATE: NY ZIP: 10595 MAIL ADDRESS: STREET 1: WESTCHESTER CAPITAL MANAGEMENT INC/NY STREET 2: 100 SUMMIT LAKE DRIVE CITY: VALHALLA STATE: NY ZIP: 10595 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIN TV CORP CENTRAL INDEX KEY: 0001166789 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 050501252 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78263 FILM NUMBER: 06594074 BUSINESS ADDRESS: STREET 1: 4 RICHMOND SQ STREET 2: SUITE 200 CITY: PROVIDENCE STATE: RI ZIP: 02906 BUSINESS PHONE: 401.454.2880 MAIL ADDRESS: STREET 1: 4 RICHMOND SQ STREET 2: SUITE 200 CITY: PROVIDENCE STATE: RI ZIP: 02906 SC 13G 1 lintv_13g.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* LIN TV Corp. ------------ (Name of Issuer) Class A Common Stock, $0.01 par value ------------------------------------- (Title of Class of Securities) 532774106 --------- (CUSIP Number) December 31, 2005 ----------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) | | Rule 13d-1(c) | | Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 12 CUSIP No. 532774106 - ----------- -------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Westchester Capital Management, Inc. 13-3036274 - ----------- -------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - ----------- -------------------------------------------------------------------- 3. SEC Use Only - ----------- -------------------------------------------------------------------- 4. Citizenship or Place of Organization New York - ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- Number of 6. Shared Voting Power 1,454,550 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- 8. Shared Dispositive Power 1,454,550 shares - ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,454,550 shares of Class A Common Stock of the Issuer ("Shares") which consists of 1,448,400 Shares held by The Merger Fund and 6,150 Shares held by The Merger Fund VL, all of which Westchester Capital Management, Inc. may be deemed to beneficially own by virtue of its position as investment adviser to these entities. - ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.3% - ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - ----------- -------------------------------------------------------------------- Page 2 of 12 CUSIP No. 532774106 - ----------- -------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). The Merger Fund 14-1698547 - ----------- -------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - ----------- -------------------------------------------------------------------- 3. SEC Use Only - ----------- -------------------------------------------------------------------- 4. Citizenship or Place of Organization Massachusetts - ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- Number of 6. Shared Voting Power 1,448,400 shares Shares Beneficially Owned by Each Reporting Person with: --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- 8. Shared Dispositive Power 1,448,400 shares - ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,448,400 shares - ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.3% - ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IV - ----------- -------------------------------------------------------------------- Page 3 of 12 CUSIP No. 532774106 - ----------- -------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). The Merger Fund VL 004-3739793 - ----------- -------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - ----------- -------------------------------------------------------------------- 3. SEC Use Only - ----------- -------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- Number of 6. Shared Voting Power 6,150 shares Shares Beneficially Owned by Each Reporting Person with: --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- 8. Shared Dispositive Power 6,150 shares - ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 6,150 shares - ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.0% - ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IV - ----------- -------------------------------------------------------------------- Page 4 of 12 CUSIP No. 532774106 - ----------- -------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Green & Smith Investment Management L.L.C. 13-3869675 - ----------- -------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - ----------- -------------------------------------------------------------------- 3. SEC Use Only - ----------- -------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- Number of 6. Shared Voting Power 187,350 shares Shares Beneficially Owned by Each Reporting Person With --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- 8. Shared Dispositive Power 187,350 shares - ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 187,350 shares of Class A Common Stock of the Issuer ("Shares") which consists of (i) 80,750 Shares beneficially owned by GS Master Trust; (ii) 52,250 Shares beneficially owned by Institutional Benchmarks Series (Master Feeder) Limited; (iii) 5,950 Shares beneficially owned by MSS Merger Arbitrage 2; and (iv) 48,400 Shares beneficially owned by SPhinx Merger Arbitrage, all of which Green & Smith Investment Management L.L.C. may be deemed to beneficially own by virtue of its position as investment adviser of each of the above private entities. - ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.7% - ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - ----------- -------------------------------------------------------------------- Page 5 of 12 CUSIP No. 532774106 - ----------- -------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Frederick W. Green - ----------- -------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - ----------- -------------------------------------------------------------------- 3. SEC Use Only - ----------- -------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- Number of 6. Shared Voting Power 1,641,900 shares Shares Beneficially Owned by Each Reporting Person with: --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- 8. Shared Dispositive Power 1,641,900 shares - ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,641,900 Shares which consist of (i) 1,448,400 Shares beneficially owned by The Merger Fund; (ii) 6,150 Shares beneficially owned by The Merger Fund VL; (iii) 80,750 Shares beneficially owned by GS Master Trust; (iv) 52,250 Shares beneficially owned by Institutional Benchmarks Series (Master Feeder) Limited; (v) 5,950 Shares beneficially owned by MSS Merger Arbitrage 2; and (vi) 48,400 Shares beneficially owned by SPhinx Merger Arbitrage, all of which Frederick W. Green may be deemed to beneficially own by virtue of his position as President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund and The Merger Fund VL, or by virtue of his position as a member of Green & Smith Investment Management L.L.C., which is the investment adviser of each of the other private entities listed above. - ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 6.0% - ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - ----------- -------------------------------------------------------------------- Page 6 of 12 CUSIP No. 532774106 - ----------- -------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Bonnie L. Smith - ----------- -------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - ----------- -------------------------------------------------------------------- 3. SEC Use Only - ----------- -------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - ------------------------- --------- -------------------------------------------- 5. Sole Voting Power None --------- -------------------------------------------- Number of 6. Shared Voting Power 1,641,900 shares Shares Beneficially Owned by Each Reporting Person with: --------- -------------------------------------------- 7. Sole Dispositive Power None --------- -------------------------------------------- 8. Shared Dispositive Power 1,641,900 shares - ----------- -------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,641,900 Shares which consist of (i) 1,448,400 Shares beneficially owned by The Merger Fund; (ii) 6,150 Shares beneficially owned by The Merger Fund VL; (iii) 80,750 Shares beneficially owned by GS Master Trust; (iv) 52,250 Shares beneficially owned by Institutional Benchmarks Series (Master Feeder) Limited; (v) 5,950 Shares beneficially owned by MSS Merger Arbitrage 2; and (vi) 48,400 Shares beneficially owned by SPhinx Merger Arbitrage, all of which Bonnie L. Smith may be deemed to beneficially own by virtue of her position as Vice President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund and The Merger Fund VL, or by virtue of her position as a member of Green & Smith Investment Management L.L.C., which is the investment adviser of each of the other private entities listed above. - ----------- -------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - ----------- -------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 6.0% - ----------- -------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - ----------- -------------------------------------------------------------------- Page 7 of 12 ITEM 1. (a) Name of Issuer: LIN TV Corp. (b) Address of Issuer's Principal Executive Offices: Four Richmond Square, Suite 200 Providence, RI 02906 ITEM 2. (a) Name of Person Filing: (i) Westchester Capital Management, Inc. (ii) The Merger Fund (iii) The Merger Fund VL (iv) Green & Smith Investment Management L.L.C. (v) Frederick W. Green (vi) Bonnie L. Smith (b) Address of Principal Business Office or, if none, Residence: (i) 100 Summit Drive, Valhalla, NY 10595 (ii) 100 Summit Drive, Valhalla, NY 10595 (iii) 100 Summit Drive, Valhalla, NY 10595 (iv) 100 Summit Drive, Valhalla, NY 10595 (v) 100 Summit Drive, Valhalla, NY 10595 (vi) 100 Summit Drive, Valhalla, NY 10595 (c) Citizenship: (i) New York (ii) Massachusetts (iii) Delaware (iv) Delaware (v) United States (vi) United States (d) Title of Class of Securities: Class A Common Stock, $0.01 par value (e) CUSIP No.: 532774106 Page 8 of 12 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Westchester Capital Management, Inc. is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. (b) The Merger Fund is an investment company registered under Section 8 of the Investment Company Act of 1940, as amended. (c) The Merger Fund VL is an investment company registered under Section 8 of the Investment Company Act of 1940, as amended. (d) Green & Smith Investment Management L.L.C. is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. (e) Frederick W. Green is President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund and The Merger Fund VL, and is a member of Green & Smith Investment Management L.L.C. (f) Bonnie L. Smith is Vice President of Westchester Capital Management, Inc., the investment adviser of The Merger Fund and The Merger Fund VL, and is a member of Green & Smith Investment Management L.L.C. ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned and (b) Percent of class: See Items 5 through 11 of the cover pages attached hereto. This Schedule 13G shall not be construed as an admission that the Reporting Persons, either for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for other purposes, are the beneficial owners of any securities covered by this statement. (c) See Items 5 through 8 of the cover pages attached hereto. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. Page 9 of 12 ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 10 of 12 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 2006 WESTCHESTER CAPITAL MANAGEMENT, INC. By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Vice President THE MERGER FUND By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Vice President THE MERGER FUND VL By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Vice President GREEN & SMITH INVESTMENT MANAGEMENT L.L.C. By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Senior Vice President /s/ Frederick W. Green ------------------------------- Frederick W. Green /s/ Bonnie L. Smith ----------------------------- Bonnie L. Smith Page 11 of 12 Exhibit A AGREEMENT The undersigned, Westchester Capital Management, Inc., The Merger Fund, The Merger Fund VL, Green & Smith Investment Management L.L.C., Frederick W. Green and Bonnie L. Smith agree that the statement to which this exhibit is appended is filed on behalf of each of them. February 9, 2006 WESTCHESTER CAPITAL MANAGEMENT, INC. By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Vice President THE MERGER FUND By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Vice President THE MERGER FUND VL By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Vice President GREEN & SMITH INVESTMENT MANAGEMENT L.L.C. By: /s/ Bonnie L. Smith ------------------------------- Name: Bonnie L. Smith Title: Senior Vice President /s/ Frederick W. Green ------------------------------- Frederick W. Green /s/ Bonnie L. Smith ----------------------------- Bonnie L. Smith Page 12 of 12 -----END PRIVACY-ENHANCED MESSAGE-----