Raycom Media

Raycom Media, Inc. was an American television broadcasting company based in Montgomery, Alabama.

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] Raycom bought Aflac's broadcast division of five TV stations in August 1996, using, in part, a loan from the RSA.

[6] In April 2005, Raycom tested The Tube Music Network on station WFLX, a Fox affiliate, for three weeks.

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.

[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.

[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.

[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.

[33] On June 25, 2018, Gray Television announced its intent to acquire Raycom for $3.65 billion, pending regulatory approval.

Clients of the company include NBC, CBS, ESPN, Turner Sports, Fox, Travel Channel, Bounce TV and Live Nation.

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