Archive

ShareThis Page
Media merger would create 3rd-largest TV station group in U.S. | TribLIVE.com
U.S./World

Media merger would create 3rd-largest TV station group in U.S.

The Associated Press
webtelevision
Pixabay

ATLANTA — Gray Television Inc. and Raycom Media Inc. are announcing a merger that would create the third-largest television broadcast group in the United States.

Georgia-based Gray and Alabama-based Raycom said Monday they’ve entered into an agreement to combine the companies in a $3.6 billion deal.

In a statement, the companies say the combined firm will have more than 140 television stations serving 92 markets. The communities range from large TV markets such as Cleveland and Tampa-Sarasota, Fla., to small markets like Ottumwa, Iowa, and Presque Isle, Maine.

The companies said Raycom subsidiary Community Newspaper Holdings Inc., which owns newspapers in nearly two dozen states, is not part of the deal as it will be sold or spun off. Raycom and CNHI are financed by the Retirement Systems of Alabama, which manages state employee pension funds.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.