June 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ACME Communications, Inc. (OTC: ACME) said the company and LIN TV Corp. (NYSE: TVL) have entered into shared services and related agreements for ACME's television stations KWBQ-TV and KASY-TV in Albuquerque-Santa Fe, NM; WBDT-TV in Dayton, OH; and WIWB-TV in Green Bay-Appleton, WI. Under the terms of the agreements, LIN Media will provide technical, engineering, promotional, administrative and other operational support services from its stations KRQE-TV and KASA-TV in the Albuquerque-Santa Fe market, WDTN-TV in the Dayton market, and WLUK-TV in the Green Bay-Appleton market.

In addition, LIN Media will provide advertising sales services under a joint sales agreement for the ACME stations in the Dayton and Green Bay-Appleton markets. The agreements are expected to provide operating synergies and expense savings to both parties in each of the markets.

Doug Gealy, president and chief operating officer of ACME said, "This alliance will allow us to substantially reduce our operating costs and potentially extract new revenues while strengthening our ability to serve our audiences in each of these markets."

The shared services and joint sales agreements have three year terms and are expected to commence on or about July 1, 2010. In addition, the companies have entered into a concurrent option agreement giving LIN Media the option to acquire any or all of the stations. ACME has the right, starting in the 31st month of the term, to put any or all of the stations to LIN Media. Both LIN's option and ACME's put rights are subject to regulatory approvals and certain other terms and conditions.

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