Raycom, CNHI merge
Raycom Media and Community Newspaper Holdings have merged, forming one of the nation’s largest privately owned media groups. Raycom Media owns or operates 65 television and two radio stations covering 44 markets in 20 states. CNHI owns more than 110 newspapers, websites and niche publications in 22 states. Under the merger agreement, CNHI will operate as a Raycom Media subsidiary.
“While it is contrary to the trend of separating newspapers and television properties, we believe the synergies this merger creates will only enhance our ability to deliver exceptional local content, extend our community presence and grow our respective multimedia footprints,” said Pat LaPlatney, president and CEO of Raycom Media.