NEW YORK-A majority of the board of directors for Lin Broadcasting Corp. approved merging Lin with McCaw Cellular Communications Inc., now owned by AT&T Corp.
AT&T made an offer to buy 53.3 million shares of Lin for $3.3 billion. McCaw purchased 52 percent of Lin in 1989.
The companies must now file merger proxy information with the Securities and Exchange Commission. A majority vote by those holding Lin public shares is required for merger approval.
