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Gray buying Raycom for $3.6 billion
- Thread starter newsbot2
- Start date
I'm surprised no one has noticed or mentioned that with this deal gets Gray back their first owned/operated tv station WALB in Albany, GA.
The FCC made Gray sell off their home station (WALB) when they bought WCTV Tallahassee because of significant signal overlap even though the stations were in different markets.
The FCC made Gray sell off their home station (WALB) when they bought WCTV Tallahassee because of significant signal overlap even though the stations were in different markets.
https://en.m.wikipedia.org/wiki/American_Spirit_Media
https://en.m.wikipedia.org/wiki/KFVE
Anybody knows on how Raycom's associated company American Spirit media going to handle the transfer of its LMA, SSA or, JSA's to Gray going to play out. Basically American Spirit Media is Gray/Raycom's version of Deer field/Cunningham.
https://en.m.wikipedia.org/wiki/KFVE
Anybody knows on how Raycom's associated company American Spirit media going to handle the transfer of its LMA, SSA or, JSA's to Gray going to play out. Basically American Spirit Media is Gray/Raycom's version of Deer field/Cunningham.
Good question. You would think so, but the press release about the buyout makes me believe Raycom wants to sell & cash out.
Raycom is owned by the Alabama state teachers retirement fund (which explains why Raycom stations show a lot of Alabama themed commercials on its stations). Are they seeking to make the fund more liquid for a large number of pending retirees?
In any event, I'll be glad to see those horrid "tire tread" or "boat shoe" graphics that Raycom uses on their local newcasts.
G
Nexstar just acquired Media General. I doubt they have much cash on hand.
https://www.fiercecable.com/video/g...om-station-sales-for-raycom-deal-analyst-says
Update on the Gray/Raycom talks.
Update on the Gray/Raycom talks.
As of March 31, Nexstar had $115 million in cash on its balance sheet, along with $900 million worth of other "current assets" (mostly accounts receivable). If they wanted to buy a few stations in markets like #154 Panama City piecemeal, I think they have the financial resources to do so.
Or make it an outright duopoly since neither station poses a serious overlap issue with Nexstar’s Panama City station WMBB.
Then that means WBXX will be retained by Gray too.
https://tvnewscheck.com/article/top-news/gray-sioux-falls-purchase-challenged/
Now Gray's Purchase over KDLT is now being challenged
Now Gray's Purchase over KDLT is now being challenged
https://tvnewscheck.com/article/top-news/station-trading-roundup-2-deals-16-8m/
Interestingly Gray Television has sold 2 TV Stations to Raycom?
Interestingly Gray Television has sold 2 TV Stations to Raycom?
No... Raycom wants full control of KYOU and WUPV from ASM (their sidecar company) and once approved, it will then sell them to Gray so that ASM doesn't have any operational control once it lands under Gray's hands.
JeeperOne
Banned
First up would be TEGNA (Owners of WBIR 10)
Yes it's a FOX affiliate but it would fall in line with what they're doing
If they don't take it, then I'm thinking Heartland Media (Same with KYTV)
As for NewsOn, I think they can kiss the Raycom stations buh-bye (And HOPE they can lure Nexstar and/or Heartland Media to replace them (Along with Lily Broadcasting, owners of KITV 4 in Honolulu. Without them, NewsOn no longer has a Hawaii outlet)
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