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In 2003, Raycom Media acquired the Waitt Media stations (that included KYOU-TV in the Ottumwa, Iowa DMA). As Raycom already owned KTVO (licensed in Kirksville, Missouri, on the same DMA) and it could not legally keep both stations because the market has too few channels to legally permit a duopoly, KYOU was sold to then named Ottumwa Media Holdings (created on that year) for $4 million.
Raycom Media, Inc. was an American television broadcasting company based in Montgomery, Alabama. Raycom owned and/or provided services for 65 television stations and two radio stations across 44 markets in 20 states. Raycom, through its Community Newspaper Holdings subsidiary, also owned multiple newspapers in small and medium-sized markets ...
At the dawn of the American television industry, each company was only allowed to own a total of five television stations around the country. As such, when the networks launched their television operations, they found it more advantageous to put their five owned-and-operated stations in large media markets that had more households (and therefore, denser populations) on the belief that it would ...
Raycom Sports is a Charlotte, North Carolina –based producer of sports television programs owned by Gray Television. It was founded in 1979 by husband and wife, Rick and Dee Ray. In the 1980s, Raycom Sports established a prominent joint venture with Jefferson-Pilot Communications which made them partners on the main Atlantic Coast Conference ...
The cash-and-stock merger transaction valued at $3.6 billion – in which Gray shareholders would acquire preferred stock currently held by Raycom – resulted in WAVE gaining new sister stations in nearby markets, including CBS affiliate WKYT-TV in Lexington (and its semi-satellite WYMT-TV in Hazard) and ABC/Fox affiliate WBKO in Bowling Green ...
Since Raycom was headquartered in Montgomery, WSFA became the corporation's flagship station. However, with Raycom's 2008 purchase of Lincoln Financial Media's television stations, WSFA shared flagship status with Charlotte's WBTV. On June 25, 2018, Atlanta-based Gray Television announced it had reached an agreement to merge with Raycom Media ...
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