You are here: Home Page»News» Raycom purchases Liberty
Raycom purchases Liberty
Aug 26, 2005 12:15 PM, Beyond The Headlines e-newsletter
Raycom Media has purchased television station owner Liberty for an estimated $987 million.
That payment will include a cash consideration of $47.35 per share of Liberty common stock. Raycom, a privately held owner of 37 TV stations in 28 markets, will assume abut $110 million of Liberty debt.
Liberty, based in Greenville, SC, employs about 1400. It operates 15 network-affiliated television stations, including WAVE-TV Louisville, KT; WTOL-TV, Toledo, OH; WIS-TV, Columbia, SC; WLBT-TV, Jackson, MI; KGBT-TV, Harlingen, TX; WFIE-TV, Evansville, IN; KLTV-TV, Tyler, TX; KTRE-TV, Lufkin, TX; WSFA-TV, Montgomery, AL; WWAY-TV, Wilmington, NC; KCBD-TV, Lubbock, TX; WALB-TV, Albany, GA; WLOX-TV, Biloxi, MI; KPLC-TV, Lake Charles, LA; and KAIT-TV, Jonesboro, AK.
The sale still must be approved by regulators and Liberty shareholders. The companies predicted that the deal will close by Dec. 31. The merged operations will be headquartered in Montgomery.
This eBook provides both new and veteran shooters an in-depth understanding of the technology that lies between the camera lens and the recording medium and how to maximize a camera's performance.
File-based technologies have replaced video tape methods for a majority of production and broadcast operations. The worlds of AV and IT are coalescing to create new methods and workflows for media
Video compression, editing and displays is an in-depth tutorial on MPEG compression technology, editing MPEG content and evaluating color video monitors written by long-time video expert, trainer and writer Steve Mullen, Ph. D.
2012 will be the year of mobile DTV. That’s the view of Erik Moreno, who along with Salil Dalvi, senior VP for Mobile Platform Development at NBC Universal, is co-general manager of the Mobile Content Venture.
Hear snippets of podcast interviews done throughout 2011 with Pat McDonough of The Nielsen Company, Glen Friedman of Ideas & Solutions!, Danny Wilson of Pixelmetrix and Greg Herman of Watch TV. Pictured is Danny Wilson, Pixelmetrix.
