The acquisition expands Raycom Media’s reach and presence in Florida with $68.5 million buy. It also owns Fox affiliates WFLX in West Palm Beach and WPGX in Panama City. Heartland Media steps in to buy the last of Calkins’ stations, WAAY Huntsville, Ala., for $13.5 milllion.
Raycom Media’s $68.5 million purchase of WWSB Sarasota, Fla. (DMA 11), and WTXL Tallahassee, Fla. (DMA 107), from Calkins Media Group, closed today.
Both stations are ABC affiliates.
Raycom last year had agreed to pay $82 million deal for the two stations plus Calkins’ WAAY Huntsville, Ala. However, the Department of Justice blocked the WAAY acquisition because Raycom already owns the NBC affiliate in Huntsville, WAFF.
Calkins ended up selling WAAY to Heartland Media for $13.5 million, according to Heartland’s Bob Prather, who said he anticipates closing on that deal today.
WWSB and WTXL “exemplify the commitment to local news and community service that is ingrained in every Raycom Media station,” said Pat LaPlatney, Raycom Media president-CEO. “We are pleased to bring their talented teams on board and look forward to continuing their tradition of dedication to their viewers and business partners.”
“Raycom Media’s Florida portfolio is significantly enhanced by our expansion into the vibrant Suncoast communities and the important State Capital news center of Tallahassee,” said Don Richards, Raycom Media Group VVP.
The acquisition expands Raycom Media’s reach and presence in Florida. It also owns Fox affiliates WFLX in West Palm Beach and WPGX in Panama City.
Broker Kalil & Co. represented Raycom in the deal.