And Lin Broadcasting to $54.125 from $74; yesterday it lost $2.875.

Lin Broadcasting fell 62.5 cents yesterday in over-the-counter trading, to $114.375.

Lin Broadcasting owns several television stations as well as the cellular-telephone properties.

Lin Broadcasting plans to spin off seven TV stations to shareholders.

Companies Lin Broadcasting will be split into two companies.

What was then known as LIN Broadcasting purchased the station in 1979.

In 1968, it became the second station owned by what was then known as LIN Broadcasting.

McCaw also owns 52 percent of Lin Broadcasting, which has $1.7 billion in debt.

First Boston's strong recommendation of Lin Broadcasting raised its price 6 1/2, to 88 1/4, a 365-day high.

Shares of Lin Broadcasting plummeted after investment bankers put radically different valuations on the company.