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Raycom Sees Synergies In Newspapers Buy
The deal will add Community Newspaper Holdings’ 110 newspapers and other publications to Raycom’s portfolio, less seven it has to sell to comply with media ownership rules. Raycom and CNH are principally owned by Alabama state pension fund and based in Montgomery. “There are general administrative costs we can take out of the business,” while taking advantage of content sharing and sales opportunities, says Raycom CEO Pat LaPlatney.
