Ray­com, CNHI merge

Newspapers & Technology Magazine - - Industry Mergers & Acquisitions -

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.

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