Raycom Media Acquires LSN Mobile Assets

Raycom Media announced today it has purchased technology and intellectual property assets of LSN Mobile. The financial terms were not disclosed.​

“This acquisition will help Raycom Media continue to expand its multi-platform offerings into additional content areas, which is the goal of Raycom Media’s new innovation group in Atlanta,” said Joe Fiveash, who leads the group.

As part of this transaction, some of the key LSN team members will be working with Raycom Media to support its growing digital business. Louis Gump, LSN Mobile’s CEO, noted that “with Raycom’s strong commitment to both local media and digital innovation, we’re excited to accelerate the company’s momentum with this acquisition. Personally, I’m energized to assist in the exploration of new acquisitions as the company grows, emphasizing mobile excellence in a multi-platform world.”

As part of the transaction, Pascal Racheneur, who has led LSN’s product and technology teams, will join Raycom Media to lead its new digital video efforts.