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Raycom Media was an American television broadcasting company that operated a significant portfolio of local television and radio stations. Its core business involved delivering local news, sports, and entertainment content across various markets. The company also engaged in television production and had interests in digital media initiatives, providing comprehensive media services and content distribution.
Founded in 1996, Raycom Media was established by Stephen Burr, Ken Hawkins, and William Zortman, with substantial financial backing from the Retirement Systems of Alabama. The company's formation was driven by an aggressive strategy of acquiring and integrating multiple broadcast groups, notably those from Ellis Communications, Federal Enterprises Inc., and Aflac's broadcast division, to rapidly build a large and diverse media presence.
Raycom Media primarily served local communities across 20 states, offering essential local news and programming to regional audiences. Its strategic vision focused on constructing a robust network of local media outlets, emphasizing deep community connections and extending its reach through both traditional broadcast and evolving digital platforms. The company aimed to be a leading provider of localized content and advertising solutions.
Key people at Raycom Media.
Raycom Media was founded in 1996 by Stephen Burr (Founder) and William Zortman (Founder) and Ken Hawkins (Founder).
Key people at Raycom Media.
Raycom Media was founded in 1996 by Stephen Burr (Founder) and William Zortman (Founder) and Ken Hawkins (Founder).
Raycom Media has 1 tracked investment across 1 company. The latest tracked deal is $3.0M Other Equity in Syncbak in April 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 15, 2016 | Syncbak | $3.0M Other Equity | Jason Effinger | — |