Who owns raycom

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Traffic On The Go. About Us. Send Us A News Tip. Gray owns or operates stations across the nation, and Raycom owns or provides services for 65 television stations and two radio stations. The deal is expected to close in the fourth quarter of and would create the nation's third largest television broadcast group. The company said it plans to maintain a corporate office in Montgomery and that it expects to maintain or grow its current total Alabama workforce total of about through at least the next year.

Raycom and Gray have competing stations in several markets, so the deal includes a plan to sell eight Raycom stations, including Fox affiliate WDFX in Dothan.

Gray said it will divest television stations in each of the nine overlapping markets to get antitrust approval for the deal, which is expected to close in the fourth quarter of Raycom plans to sell or spin off Community Newspaper Holdings Inc, its unit that owns community newspapers, as well as PureCars, a digital ad platform for the automotive industry. Gray said it will not acquire neither unit as part of the deal.