Raycom Media

Last updated

Raycom Media, Inc.
Company type Private
Industry Broadcast television
Television production
Founded1996;28 years ago (1996)
Founders
  • Stephen Burr
  • Ken Hawkins
  • William Zortman
DefunctJanuary 2, 2019;5 years ago (2019-01-02)
FateAssets merged into Gray
Successor Gray Television
Headquarters
Montgomery, Alabama
,
U.S.
Area served
United States (Nationwide)
Key people
Pat LaPlatney
(President & CEO)
Revenue$2.4 billion
Number of employees
8,300
Subsidiaries
Footnotes /references
[1]

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 throughout the United States.

Contents

History

Raycom Media's logo from its 1996 founding until December 2017, using elements from the original Raycom Sports logo. Raycom Media Logo.png
Raycom Media's logo from its 1996 founding until December 2017, using elements from the original Raycom Sports logo.

Raycom's three founding owners were Stephen Burr (a Boston lawyer), Ken Hawkins (general manager) and William Zortman (news director) with funding from Retirement Systems of Alabama. [2] In 1996, Raycom purchased 15 television and two radio stations and Bert Ellis's Raycom Sports from Ellis Communications for over $700 million. [2] [3] In mid-1996, the company agreed to purchase eight stations from Federal Enterprises Inc. of suburban Detroit for $160 million. [2] Raycom bought Aflac's broadcast division of five TV stations in August 1996, using, in part, a loan from the RSA. [2] [4] The three groups merged to form Raycom Media. John Hayes initially headed up the company until 2001. [3] :2

In 1998, Raycom took a 35% stake in Worldnow, an internet publishing provider for broadcast media. [3] :2 That same year, Raycom purchased Malrite Communications, owner of five stations: two Puerto Rico stations (counting a semi-satellite station), three Ohio stations, and one Florida station. [5]

In 2001, Paul McTear took over as Raycom's president and CEO from Hayes. [3] :2 In 2003, Raycom Media bought out all of the Fox-affiliated television stations from Waitt Broadcasting. [6]

In April 2005, Raycom tested The Tube Music Network on station WFLX, a Fox affiliate, for three weeks. [7] Raycom announced on April 25, 2005, it was the launch station group for The Tube affiliating 29 stations. [7] Raycom launched the network in June 2005 on 30 stations. [8] Raycom Media was an initial round investor in The Tube Music Network. [9]

On January 31, 2006, the company acquired the Liberty Corporation. [10] Raycom agreed to affiliate its NBC stations' subchannels with NBC Weather Plus, [7] a joint venture between the affiliates and the NBC station group. [11] In August, Raycom sold a dozen of its stations to Barrington Broadcasting. [12]

On November 12, 2007, Raycom announced its intention to acquire some of the television broadcasting properties of Lincoln National Corporation's Lincoln Financial Media for $583 million. [13] Lincoln Financial Sports was merged into Raycom Sports later that year. [14] The purchase of the stations were completed on April 2, 2008. [15]

Around 2010, Raycom moved into producing its own programming.[ citation needed ] In September 2011, Raycom partnered with E.W. Scripps and Cox Media to produce Right This Minute . [16] Also in 2011, the company partnered with ITV Studios America and launched America Now , a lifestyle-oriented news magazine. [17] The magazine lasted until September 2014. In partnership with Bellum Entertainment Group in 2014, Flip My Food and Fix It and Finish It were launched as lead in strips to Raycom early newscasts. In the third quarter of 2014, Raycom purchased RTM Productions, based in Nashville and produces PowerNation branded auto-oriented shows for the Paramount Network, NBCSN, and CBS Sports Network. [3] :2 Raycom acquired the assets of live and studio sports programming production company Tupelo-Honey Productions in January 2012. [18]

In 2011, Raycom was an initial investor in Bounce TV, a broadcast subchannel network. [19] 1 Raycom News Network Digital Hub, an online news aggregator and exchange, was started in 2011 at the company's main office in Montgomery, Alabama. [3] :2 Raycom Media was an initial investor in Katz Broadcasting, launched in 2014 and a Bounce affiliated subchannel network group. [19]

On November 20, 2013, Raycom entered into a shared services agreement to operate Louisiana Media Company's WVUE-TV in New Orleans. [20]

On August 10, 2015, Raycom announced that it would purchase stations owned by Drewry Communications for $160 million. [21] The sale was completed on December 1, 2015. [22]

Raycom acquired Indianapolis-based sports production company WebStream Sports on September 14, 2015. [23] WebStream was subsequently merged with existing Raycom entity Tupelo Honey to form Tupelo Raycom. [24]

In October 2015, Raycom acquired Fox affiliate KNIN-TV for $14.5 million from E. W. Scripps Company; the FCC required that the station be divested during Scripps' acquisition of Journal Communications, but Scripps entered into shared services agreements with Raycom to continue operating KNIN. [25]

Raycom purchased PureCars, a digital ad platform focused on automotive sales, for $125 million in November 2015. [26]

On April 4, 2017, Raycom reached an agreement to acquire WVUE outright, and the sale was finalized on August 8. [27]

In May 2017, Raycom purchased Calkins Media's WWSB and WTXL-TV. A sale of Calkins' WAAY-TV to Raycom affiliate American Spirit Media was blocked by the Department of Justice due to Raycom's ownership of WAFF-TV, and was instead sold to Heartland Media. [28] The deal increased Raycom's reach to 16% of U.S. television households. [29]

On September 25, 2017, Raycom announced that it would merge with Community Newspaper Holdings (CNHI), which was principally owned by Retirement Systems of Alabama. CNHI would continue to operate as a subsidiary of Raycom. To comply with FCC newspaper cross-ownership restrictions, Raycom divested newspapers in the seven markets where CNHI and Raycom both owned properties. [30] [31] [32]

On June 14, 2018, Raycom announced the launch of InvestigateTV, an OTT app that showcased longer-form content from Raycom as well as content from ProPublica, News21 at Arizona State University’s Cronkite School of Journalism, and NerdWallet. [33]

On June 25, 2018, Gray Television announced its intent to acquire Raycom for $3.65 billion, pending regulatory approval. The combined company would be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. The acquisition, which Gray expected to close in late 2018, would give Gray 142 stations in 92 markets, making Gray the third-largest owner of television stations in the United States, with a total market share of 24%. [34] [35] [36] CNHI, which was sold separately, was not included in the sale to Gray. [37] [38] The sale was approved by the FCC on December 20. [39] [40] [41] The deal was completed on January 2, 2019. [42] [43]

Operations

Prior to its merger with Gray, Raycom owned and/or operated 65 television stations and two radio stations in 44 markets located in 20 states, covering over 16% of U.S. television households. Raycom also employed more than 4,800 individuals in full- and part-time positions.

Television

Stations are arranged alphabetically by state and by city of license.

City of license / Market Station Channel Years ownedCurrent status
Birmingham–Tuscaloosa–Anniston, AL WBRC 62009 [44] –2019 Fox affiliate owned by Gray Television
Dothan–Ozark, AL WDFX-TV 342003–2019 [upper-alpha 1] Fox affiliate owned by Lockwood Broadcast Group
Huntsville–Decatur, AL WAFF 481996–2019 [upper-alpha 2] NBC affiliate owned by Gray Television
Montgomery–Selma, AL WSFA 122006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
Jonesboro, AR KAIT 82006–2019 [upper-alpha 3] ABC affiliate owned by Gray Television
Tucson–Douglas–Sierra Vista, AZ KOLD-TV 131996–2019 [upper-alpha 4] CBS affiliate owned by Gray Television
KMSB 112011–2019 [lower-alpha 1] Fox affiliate owned by Tegna Inc. [lower-alpha 2]
KTTU 182011–2019 [lower-alpha 3] MyNetworkTV affiliate owned by Tegna Inc. [lower-alpha 2]
Colorado Springs–Pueblo, CO KXRM-TV 212000–2006Fox affiliate owned by Nexstar Media Group
KXTU-LD 571999–2006 The CW owned-and-operated by Nexstar Media Group
Panama City, FL WPGX 282003–2019 [upper-alpha 1] Fox affiliate owned Lockwood Broadcast Group
Sarasota, FL WWSB 402017–2019 [upper-alpha 5] ABC affiliate owned by Gray Television
Tallahassee, FL WTXL-TV 272017–2019 [upper-alpha 5] ABC affiliate owned by the E. W. Scripps Company
West Palm Beach–Fort Pierce, FL WFLX 291998–2019 [upper-alpha 6] Fox affiliate owned by Gray Television [lower-alpha 4]
Albany, GA WFXL 312004–2006 [upper-alpha 1] Fox affiliate owned by Sinclair Broadcast Group
WALB 102006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
Augusta, GA WFXG 542003–2019Fox affiliate owned by Lockwood Broadcast Group
Columbus, GA WTVM 91996–2019 [upper-alpha 2] ABC affiliate owned by Gray Television
WXTX 542003–2019 [lower-alpha 5] Fox affiliate owned by American Spirit Media [lower-alpha 2]
Savannah, GA WTOC-TV 111996–2019 [upper-alpha 2] CBS affiliate owned by Gray Television
WSAV-TV 31997 [upper-alpha 4] NBC affiliate owned by Nexstar Media Group
Honolulu, HI KGMB 52009–2019CBS affiliate owned by Gray Television
KFVE91999–2019 [lower-alpha 6] MyNetworkTV affiliate, KHII-TV,
owned by Nexstar Media Group
KHNL 131999–2019NBC affiliate owned by Gray Television
Hilo, HI KHBC-TV [lower-greek 1] 21999–2019NBC affiliate, KSIX-TV, owned by Gray Television
KGMD-TV [lower-greek 2] 91999–2019 [lower-alpha 6] MyNetworkTV affiliate owned by Nexstar Media Group
Wailuku–Maui, HI KGMV [lower-greek 2] 31999–2019 [lower-alpha 6] MyNetworkTV affiliate owned by Nexstar Media Group
KOGG [lower-greek 1] 151999–2019NBC affiliate owned by Gray Television
Caldwell–Boise, ID KNIN-TV 92015 [25] –2019Fox affiliate owned by Marquee Broadcasting [lower-alpha 4]
Evansville, IN WFIE 142006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
Waterloo–Cedar Rapids–Iowa City–Dubuque, IA KWWL 71996–2006 [upper-alpha 2] NBC affiliate owned by Allen Media Broadcasting
Louisville, KY WAVE 32006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
Baton Rouge, LA WAFB 91996–2019 [upper-alpha 2] CBS affiliate owned by Gray Television
WBXH-CD 392003–2019MyNetworkTV affiliate owned by Gray Television
Lake Charles, LA KPLC 72006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
KVHP 292016–2019 [lower-alpha 5] Fox affiliate owned by American Spirit Media [lower-alpha 2]
New Orleans, LA WVUE-DT 82013–2019 [lower-alpha 7] Fox affiliate owned by Gray Television
Shreveport, LA–Texarkana KSLA 121996–2019 [upper-alpha 4] CBS affiliate owned by Gray Television
Marquette–Escanaba, MI WLUC-TV 61997–2006NBC affiliate owned by Gray Television
Traverse City–Cadillac, MI WPBN-TV 71997–2006NBC affiliate owned by Sinclair Broadcast Group
Sault Ste. Marie–Cheboygan, MI WTOM-TV [lower-greek 3] 41997–2006NBC affiliate owned by Sinclair Broadcast Group
Biloxi–Gulfport–Pascagoula, MS WLOX 132006–2019 [upper-alpha 3] ABC affiliate owned by Gray Television
Jackson, MS WJTV 121996–1997 [upper-alpha 4] CBS affiliate owned by Nexstar Media Group
WLBT 32006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
WLOO 352012–2019 [lower-alpha 8] MyNetworkTV affiliate owned by Tougaloo College
WDBD 402012–2019 [lower-alpha 5] Fox affiliate owned by American Spirit Media [lower-alpha 2]
Hattiesburg–Laurel, MS WHLT [lower-greek 4] 221996–1997 [upper-alpha 4] CBS affiliate owned by Nexstar Media Group
WDAM-TV [upper-alpha 7] 71997–2019NBC affiliate owned by Gray Television
Cape Girardeau, MO–Paducah, KY–Harrisburg, IL KFVS-TV [upper-alpha 2] 121996–2019CBS affiliate owned by Gray Television
WQTV-LP242002–2019Defunct, license cancelled in 2021.
WQWQ-LP 92002–2019Telemundo affiliate owned by Gray Television
Kirksville, MO–Ottumwa, IA KTVO 31997–2006ABC affiliate owned by Sinclair Broadcast Group
KYOU-TV 152003–2019 [lower-alpha 5] Fox affiliate owned by Gray Television
Reno, NV KAME-TV 211996–1997 [upper-alpha 4] MyNetworkTV affiliate owned by Deerfield Media [lower-alpha 9]
Albuquerque–Santa Fe, NM KASA-TV 21999–2007 Telemundo owned-and-operated (O&O)
Syracuse, NY WSTM-TV 31997–2006 [upper-alpha 7] NBC affiliate owned by Sinclair Broadcast Group
WSTQ-LP 142003–2006The CW affiliate owned by Sinclair Broadcast Group
Charlotte, NC WBTV 32008–2019 [upper-alpha 8] CBS affiliate owned by Gray Television
Washington–Greenville–New Bern, NC WITN-TV 71997 [upper-alpha 2] NBC affiliate owned by Gray Television
Wilmington, NC WECT 61996–2019 [upper-alpha 4] NBC affiliate owned by Gray Television
WSFX-TV 262004–2019 [lower-alpha 5] Fox affiliate owned by American Spirit Media [lower-alpha 2]
WWAY 32006 [upper-alpha 3] ABC affiliate owned by Morris Multimedia
Cincinnati, OH–Newport, KY WXIX-TV 191998–2019 [upper-alpha 6] Fox affiliate owned by Gray Television
Cleveland–Shaker Heights–Lorain, OH WOIO 191998–2019 [upper-alpha 6] CBS affiliate owned by Gray Television
WUAB 432000–2019The CW affiliate owned by Gray Television
Toledo, OH WTOL 112006–2019 [upper-alpha 3] CBS affiliate owned by Tegna Inc.
WNWO-TV 241998–2006 [upper-alpha 6] NBC affiliate owned by Sinclair Broadcast Group
WUPW 361996–1999 [upper-alpha 4]
2012–2019 [lower-alpha 5] 		Fox affiliate owned by American Spirit Media [lower-alpha 10]
Lawton, OK–Wichita Falls, TX KSWO-TV 72015–2019 [upper-alpha 9] ABC affiliate owned by Gray Television
KAUZ-TV 62015–2019 [lower-alpha 5] CBS affiliate owned by American Spirit Media [lower-alpha 2]
Charleston, SC WCSC-TV 52008–2019 [upper-alpha 8] CBS affiliate owned by Gray Television
Columbia, SC WACH 571996–2006 [upper-alpha 4] Fox affiliate owned by Sinclair Broadcast Group
WIS 102006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
Myrtle Beach–Florence, SC WMBF-TV**322008–2019NBC affiliate owned by Gray Television
Sioux Falls, SD KSFY-TV 131997–2004 [upper-alpha 2] ABC affiliate owned by Gray Television
Aberdeen, SD KABY-TV [lower-greek 5] 91997–2004 [upper-alpha 2] Defunct, license cancelled in 2018
Pierre, SD KPRY-TV [lower-greek 5] 41997–2004 [upper-alpha 2] ABC affiliate owned by Gray Television
Knoxville, TN WTNZ 431996–2019 [upper-alpha 4] Fox affiliate owned by Lockwood Broadcast Group
Memphis, TN WMC-TV 51996–2019 [upper-alpha 4] NBC affiliate owned by Gray Television
Amarillo, TX–Clovis, NM KFDA-TV 102015–2019 [upper-alpha 9] CBS affiliate owned by Gray Television
KZBZ-CD262015–2019 [upper-alpha 9] Independent owned by Gray Television
KEYU 312015–2019 [upper-alpha 9] Telemundo affiliate owned by Gray Television
Harlingen–McAllen–Brownsville, TX KGBT-TV 42006 [upper-alpha 3] MyNetworkTV affiliate owned by Nexstar Media Group
Lubbock, TX KCBD 112006–2019 [upper-alpha 3] NBC affiliate owned by Gray Television
Midland–Odessa, TX KWES-TV 92015–2019 [upper-alpha 9] NBC affiliate owned by Tegna Inc.
KWAB-TV [lower-greek 6] 92015–2019 [upper-alpha 9] The CW affiliate KCWO-TV, owned by Gray Television
KTLE-LP 202015–2019 [upper-alpha 9] Telemundo affiliate owned by Gray Television
Tyler–Longview–Jacksonville, TX KLTV 72006–2019 [upper-alpha 3] ABC affiliate owned by Gray Television
Lufkin–Nacogdoches, TX KTRE [lower-greek 7] 92006–2019 [upper-alpha 3] ABC affiliate owned by Gray Television
Waco–Temple–Bryan, TX KXXV 252015–2019 [upper-alpha 9] ABC affiliate owned by the E. W. Scripps Company
KRHD-CD [lower-greek 8] 402015–2019 [upper-alpha 9] ABC affiliate owned by the E. W. Scripps Company
KSCM-LP 182015–2017 [upper-alpha 9] Defunct, ceased operations in 2017
Richmond–Petersburg–Ashland, VA WTVR-TV 61997–2009CBS affiliate owned by the E. W. Scripps Company
WWBT 122008–2019 [upper-alpha 8] NBC affiliate owned by Gray Television
WUPV 652006–2019 [lower-alpha 5] The CW affiliate owned by Gray Television
Yakima, WA KNDO 231997–1999 [upper-alpha 7] NBC affiliate owned by Cowles Company
Richland–Pasco–Kennewick, WA KNDU [lower-greek 9] 261997–1999 [upper-alpha 7] NBC affiliate owned by Cowles Company
Caguas–San Juan–Ponce, PR WLII-DT 111996–2005 [lower-alpha 11] Univision affiliate owned by Liberman Media Group
WSUR-DT [lower-greek 10] 91996–2005 [lower-alpha 11] Univision affiliate owned by Liberman Media Group

Radio

AM StationFM Station
City of license / MarketStationYears ownedCurrent status
Memphis, Tennessee WMC 7901996–2000Owned by Audacy, Inc.
WMC-FM 99.7 WLFP, owned by Audacy, Inc.
Amarillo, Texas KEYU-FM 102.9 [upper-alpha 9] 2015–2018 KVWE, owned by Alpha Media
Lamesa–Midland, Texas KTXC 104.7 [upper-alpha 9] 2015–2018 KVLM, owned by VCY America, Inc.

Other assets

In addition to television stations, Raycom also owned:

Tupelo Raycom

Tupelo Raycom is Raycom Media's production company formed from the merger of Tupelo Honey Productions and WebStream Sports. Clients of the company include NBC, CBS, ESPN, Turner Sports, Fox, Travel Channel, Bounce TV and Live Nation. [24]

Raycom acquired the assets of live and studio sports programming production company Tupelo-Honey Productions in January 2012. Tupelo Honey assets included a 50% share of MY Tupelo Entertainment, a joint venture form in 2009 as partnership between Cary Glotzer's Tupelo-Honey and Michael Yudin's MY-Entertainment Company. Yudin bought back Raycom's half of My Tupelo in March 2014. [18]

Raycom acquired Indianapolis, Indiana-based sports production company WebStream Sports on September 14, 2015. [23] WebStream was subsequently merged with existing Raycom entity Tupelo Honey to form Tupelo Raycom in January 2016. [24]

Notes

License ownership/operational agreements

  1. ↑ Owned by Tegna Inc.
  2. 1 2 3 4 5 6 7 Operated by Gray Television.
  3. ↑ Owned by Tucker Operating Co., LLC.
  4. 1 2 Operated by the E. W. Scripps Company.
  5. 1 2 3 4 5 6 7 8 Owned by American Spirit Media.
  6. 1 2 3 Owned by MCG Capital Corporation from 2009 to 2018.
  7. ↑ Owned by Louisiana Media Company from 2013 to 2017.
  8. ↑ Operated by American Spirit Media with Raycom providing limited engineering support.
  9. ↑ Operated through an SSA by Sinclair Broadcast Group.
  10. ↑ Operated by Tegna Inc.
  11. 1 2 Operated by Univision from 2002 to 2005. WORA-TV in Mayagüez, owned by a third party, functioned as a semi-satellite.

Satellites and semi-satellites

  1. 1 2 Satellite of KHNL.
  2. 1 2 Satellite of KFVE.
  3. ↑ Satellite of WPBN-TV.
  4. ↑ Semi-satellite of WJTV.
  5. 1 2 Satellite of KSFY-TV.
  6. ↑ Satellite of KWES-TV.
  7. ↑ Semi-satellite of KLTV.
  8. ↑ Semi-satellite of KXXV.
  9. ↑ Satellite of KNDO.
  10. ↑ Satellite of WLII-DT.

Mergers and acquisitions

  1. 1 2 3 Acquired from Waitt Media.
  2. 1 2 3 4 5 6 7 8 9 10 Owned by Aflac prior to the formation of Raycom.
  3. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Acquired from The Liberty Corporation.
  4. 1 2 3 4 5 6 7 8 9 10 11 Owned by Ellis Communications prior to the formation of Raycom.
  5. 1 2 Acquired from Calkins Media.
  6. 1 2 3 4 Acquired from Malrite Communications.
  7. 1 2 3 4 Acquired from Federal Communications.
  8. 1 2 3 Acquired from Lincoln Financial Media.
  9. 1 2 3 4 5 6 7 8 9 10 11 12 Acquired from Drewry Communications.

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References

  1. ↑ "Raycom Media Revenue and Financial Reports". Hoovers. Retrieved July 10, 2018.
  2. 1 2 3 4 Treaster, Joseph B. (August 14, 1996). "Venture in Accord to Buy 7 TV Stations From Aflac". The New York Times. ISSN   0362-4331. Archived from the original on February 3, 2019. Retrieved August 8, 2017.
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