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BUSINESS
August 26, 2005
Raycom Media Inc. agreed to buy television broadcaster Liberty Corp. of Greenville, S.C., in a $987-million acquisition that will boost Raycom's holdings to 52 TV stations. Liberty operates 15 network-affiliated stations; privately held Raycom operates 37.
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BUSINESS
August 26, 2005
Raycom Media Inc. agreed to buy television broadcaster Liberty Corp. of Greenville, S.C., in a $987-million acquisition that will boost Raycom's holdings to 52 TV stations. Liberty operates 15 network-affiliated stations; privately held Raycom operates 37.
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BUSINESS
October 23, 1997 | From Bloomberg News
LIN Television Corp. accepted a sweetened offer of $1.9 billion from the Dallas-based investment firm Hicks, Muse, Tate & Furst Inc. The move comes one day after Raycom Media Inc. had raised its bid for the Providence-based broadcaster to $1.7 billion. Hicks Muse will pay $55 a share in cash, or about $250 million more than it first bid in August. Hicks Muse plans to use LIN's eight stations and management as the foundation for an effort to become one of the nation's largest station owners.
BUSINESS
June 15, 2001 | MEG JAMES, TIMES STAFF WRITER
Univision Communications Inc., the nation's largest Spanish-language media company, said Thursday that it is expanding its reach into the increasingly affluent Latino market with a toehold in Puerto Rico. The Los Angeles-based television giant agreed to buy two independent stations in the island territory--Channel 11, WLII in San Juan, and Channel 9, WSUR in Ponce--from Raycom Media Inc., based in Montgomery, Ala. The stations reach all of Puerto Rico's 1.3 million households.
BUSINESS
October 17, 1997 | From Bloomberg News
LIN Television Corp. received a surprise bid from Raycom Media Inc. that tops an offer of $1.7 billion from Hicks, Muse, Tate & Furst Inc., sources familiar with the transaction said. Raycom, a TV company controlled by Retirement Systems of Alabama, is offering more than $51 to $54 a share in cash, or as much as $1.93 billion, source said. LIN said earlier that an unnamed company bid more than Hicks Muse's $47.50-a-share offer.
BUSINESS
June 25, 2004 | Jube Shiver Jr., Times Staff Writer
In a major setback to broadcasters and their government regulators, a U.S. appeals court Thursday largely barred the Federal Communications Commission's bid to relax media ownership rules. The 3rd U.S. Circuit Court of Appeals in Philadelphia blocked implementation of FCC regulations that would have allowed companies to own more radio and television stations in the same market, and directed the agency to rewrite the rules.
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