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Raycom Media Set to Acquire Augusta’s WFXG

Raycom Media is close to finalizing a deal to acquire Augusta’s WFXG, which the station group has been operating through a shared services agreement since 2003.

Raycom, which owns 38 stations located mostly in the southeast, has submitted an application for consent to the FCC, listing the sale price as $17,837,520.

WFXG, a Fox-affiliate, has been owned by Southeastern Media Holdings, a subsidiary of Community Newspaper Holdings, since December 2003.

Raycom currently owns three other stations in Georgia: Savannah’s WTOC, Columbus’s WTVM, and Albany’s WALB.

[h/t TVNewsCheck]

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